Filing Analysis
Hudson Technologies, Inc. announced it has been awarded a new contract as a prime contractor with the United States Defense Logistics Agency (DLA). This follows a rebidding process and a previously filed bid protest.
📋 Key Facts
- Awarded status: Prime Contractor for the U.S. Defense Logistics Agency (DLA).
- Context: The contract was retained following a rebidding process after a prior bid protest.
- Historical relationship: Company has served as a prime contractor to the DLA since 2016.
- Filing date of event: August 5, 2026.
Hudson Technologies, Inc. filed an 8-K to furnish its financial results for the second quarter and six months ended June 30, 2026.
📋 Key Facts
- Report date: August 5, 2026
- Reporting period: Second quarter and six months ended June 30, 2026
- The filing is a standard earnings release under Item 2.02
- Financial results were issued via press release (Exhibit 99.1)
Hudson Technologies, Inc. announced the acquisition of business assets from Denver Refrigerants, Inc. (d/b/a Refrigerants Inc.) on December 17, 2025.
📋 Key Facts
- Acquisition target: Business assets of Denver Refrigerants, Inc. (d/b/a Refrigerants Inc.).
- Announcement date: December 17, 2025.
- The filing includes a press release as Exhibit 99.1 regarding the transaction.
Hudson Technologies, Inc. announced the immediate resignation of Brian F. Coleman from its Board of Directors on December 9, 2025.
📋 Key Facts
- Brian F. Coleman resigned from the Board of Directors effective immediately on December 9, 2025.
- The company explicitly stated that the resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
Hudson Technologies, Inc. has amended its revolving credit facility with Wells Fargo to allow for increased stock repurchases and simultaneously announced an expansion of its share repurchase program.
🚩 Red Flags
- The amendment includes a significant reduction in permitted repurchase capacity after 2026 ($5M cap), suggesting the lender is limiting long-term capital return to preserve liquidity/covenants.
📋 Key Facts
- Entered into a Fourth Amendment to the Amended and Restated Credit Agreement on November 25, 2025.
- The amendment permits stock repurchases up to $20 million in calendar year 2025 and $20 million in calendar year 2026 (previously limited by the credit facility).
- After 2026, permitted repurchases are capped at $5 million per calendar year under the amended terms.
- The Company's Board approved an additional $30 million for its share repurchase program via a press release dated December 1, 2025.
- Total authorized repurchases for 2025 now include up to $20 million (increased from $10 million) and up to $20 million in 2026.
Hudson Technologies, Inc. announced the appointment of Kenneth Gaglione as Chairman of the Board, President, and CEO, effective November 24, 2025. Mr. Gaglione is a former VP of Operations at the company with extensive industry experience at Honeywell.
🚩 Red Flags
- Significant severance and acceleration of stock options in the event of involuntary separation or voluntary 'good reason' departure.
- Potential for high cash/equity burn due to significant executive compensation package ($695k salary + $695k option value + housing reimbursement).
📋 Key Facts
- Kenneth Gaglione appointed as Chairman, President, and CEO, effective Nov 24, 2025.
- Annual base salary set at $695,000 with a target annual bonus of 75% of base salary.
- Includes a five-year stock option grant with a Black-Scholes value of at least $695,000.
- Employment agreement includes a two-year initial term, automatically renewable for one-year increments.
- Severance package includes 12 months of base salary/benefits and a performance-based lump sum bonus if terminated without cause or via 'good reason'.
- Mr. Gaglione previously served as VP – Operations at Hudson from Sept 2020 to Dec 2023.
Hudson Technologies, Inc. filed an 8-K to furnish its third quarter financial results for the period ended September 30, 2025.
📋 Key Facts
- The filing was made on November 5, 2025.
- The report pertains to the financial results for the third quarter ended September 30, 2025.
- The company issued a press release (Exhibit 99.1) containing the earnings results.
Hudson Technologies, Inc. announced the immediate departure of Brian F. Coleman from his roles as Chairman of the Board, President, and Chief Executive Officer on November 3, 2025. The filing also includes third-quarter financial results for the period ended September 30, 2025.
🚩 Red Flags
- Immediate departure of the CEO/Chairman/President is a significant governance event that often signals internal friction or unexpected leadership issues.
- Multiple material items in a single filing (Q3 results + sudden CEO exit) increase volatility and uncertainty.
📋 Key Facts
- Brian F. Coleman stepped down effective immediately on November 3, 2025.
- Coleman held a triple role: Chairman of the Board, President, and CEO.
- The company issued Q3 2025 financial results (period ended Sept 30, 2025) via press release.
- Filing includes both Item 2.02 (Financial Results) and Item 5.02 (Officer Departure).
Hudson Technologies, Inc. announced it has been awarded a new contract as a prime contractor by the United States Defense Logistics Agency (DLA) following a periodic competitive review process.
📋 Key Facts
- Awarded a new contract with the U.S. Defense Logistics Agency (DLA).
- The Company will serve as the prime contractor for this agreement.
- The company has maintained its status as a prime contractor to the DLA since 2016.
- The contract was retained following a standard periodic competitive review and rebidding process.
Hudson Technologies, Inc. filed an 8-K to announce its financial results for the second quarter ended June 30, 2025.
📋 Key Facts
- The filing is a standard announcement of Q2 2025 financial results.
- Report date: July 30, 2025.
- Results cover the period ending June 30, 2025.
- Press release issued as Exhibit 99.1.
Hudson Technologies, Inc. entered into a Third Amendment to its Wells Fargo Revolving Credit Facility on June 23, 2025. The amendment significantly reduces the available liquidity by lowering the revolving borrowing limit from $75 million to $40 million.
🚩 Red Flags
- Significant reduction in available liquidity ($35M decrease in revolving credit).
- Potential signal of tightening credit conditions or reduced lender confidence in the borrower's ability to repay.
- Reduction in letter of credit sublimit may impact working capital flexibility.
📋 Key Facts
- Date of amendment: June 23, 2025
- Revolving credit facility limit reduced from $75 million to $40 million (a $35 million reduction).
- Letter of credit sublimit reduced from $2 million to $1.5 million.
- The Company acts as a guarantor for the borrowers (Hudson Technologies Company and Hudson Holdings, Inc.).
- Lender/Agent: Wells Fargo Bank, National Association.
Hudson Technologies, Inc. reported the results of its Annual Meeting of Shareholders held on June 11, 2025. The meeting included the election of three directors and several non-binding advisory votes regarding executive compensation and auditor ratification.
🚩 Red Flags
- High number of withheld votes for director Brian F. Coleman suggests potential shareholder dissatisfaction or lack of support for specific board composition.
📋 Key Facts
- Elected Vincent P. Abbatecola, Nicole Bulgarino, and Brian F. Coleman to the Board of Directors until 2027.
- Ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for fiscal year ending Dec 31, 2025.
- Shareholders approved executive compensation on a non-binding advisory basis (Say-on-Pay).
- Shareholders voted to proceed with annual advisory votes on executive compensation frequency.
- Brian F. Coleman received significant 'Withheld' votes (11,428,435) compared to his 'For' votes (12,936,695).
Hudson Technologies, Inc. filed an 8-K to announce its financial results for the first quarter ended March 31, 2025.
📋 Key Facts
- The filing is a standard announcement of Q1 2025 financial results (period ending March 31, 2025).
- The report was filed on May 7, 2025.
- The company's CFO and Secretary, Brian J. Bertaux, signed the filing.
Hudson Technologies, Inc. filed an 8-K to announce its financial results for the fourth quarter and fiscal year ended December 31, 2024.
📋 Key Facts
- Report date: March 6, 2025
- Reporting period: Fourth quarter and fiscal year ended December 31, 2024
- The filing includes a press release as Exhibit 99.1 containing the financial results.
Hudson Technologies, Inc. filed an 8-K to furnish its third quarter financial results for the period ended September 30, 2024.
📋 Key Facts
- The filing was made on November 4, 2024.
- The report pertains to Item 2.02: Results of Operations and Financial Condition.
- Financial results cover the third quarter ended September 30, 2024.
- A press release containing the results was issued as Exhibit 99.1.
Hudson Technologies, Inc. has amended its revolving credit facility with Wells Fargo to permit increased stock repurchases and simultaneously announced an expansion of its share repurchase program.
🚩 Red Flags
- None identified; the filing focuses on capital allocation and credit facility flexibility.
📋 Key Facts
- Second Amendment to Amended and Restated Credit Agreement executed on October 23, 2024.
- Amendment allows for stock repurchases up to $10 million in 2024 and $10 million in 2025, with $5 million annually thereafter (aggregate cap of $25 million).
- Company Board approved an increase to the share repurchase program via press release on October 25, 2024.
- Total potential repurchase amount under the new program is up to $20 million in common stock.
Hudson Technologies, Inc. announced its Q2 2024 financial results and the authorization of a new $10 million share repurchase program.
📋 Key Facts
- Company issued Q2 2024 financial results on August 6, 2024 (Item 2.02).
- Board of Directors approved a share repurchase program for up to $10 million in common stock.
- Repurchase period covers the remainder of 2024 and 2025.
- Funding for repurchases will come from existing cash, cash equivalents, and future cash flow.
Hudson Technologies, Inc. announced a leadership change in its finance department on July 30, 2024. Nat Krishnamurti has stepped down as CFO and Secretary, effective immediately, and is replaced by Brian J. Bertaux.
🚩 Red Flags
- Immediate departure of the CFO ('stepped down, effective immediately') can sometimes indicate internal friction or disagreements, though not explicitly stated here.
📋 Key Facts
- Nat Krishnamurti stepped down as VP, Chief Financial Officer and Secretary, effective July 30, 2024.
- Brian J. Bertaux appointed as new VP, Chief Financial Officer and Secretary, effective July 30, 2024.
- New CFO Brian J. Bertaux will receive a base salary of $357,000 per year with a 35% target bonus.
- Bertaux is entitled to an $11,000 sign-on bonus and a $15,000 relocation payment after one year.
Hudson Technologies, Inc. reported the results of its Annual Meeting of Shareholders held on June 12, 2024. The meeting included the election of four directors and approval of several shareholder proposals.
🚩 Red Flags
- The 2024 Stock Incentive Plan received significant opposition (12,987,810 votes 'Against'), suggesting shareholder dissatisfaction with dilution or compensation structures.
📋 Key Facts
- Elected Kathleen L. Houghton, Loan N. Mansy, Richard Parrillo, and Eric A. Prouty to the Board of Directors through 2026.
- Shareholders approved the Company’s 2024 Stock Incentive Plan with 17,343,751 votes 'For'.
- Approved (non-binding) executive compensation via a say-on-pay advisory vote.
- Ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for fiscal year ending December 31, 2024.
Hudson Technologies, Inc. completed the acquisition of substantially all business assets of USA Refrigerants for approximately $20.7 million in cash plus a potential $2.0 million contingent payment. Simultaneously, the company amended its Wells Fargo credit facility to permit this acquisition and allow for future stock repurchases.
🚩 Red Flags
- Significant cash outlay of $20.7 million for an asset purchase in a micro-cap context.
📋 Key Facts
- Acquisition of USA Refrigerants (USAR) and B&B Jobber Services assets closed on June 6, 2024.
- Total cash consideration is ~$20.7 million, subject to escrow and inventory adjustments.
- Contingent payment of up to $2.0 million due in approximately 18 months if earned.
- Amended Wells Fargo credit facility includes provisions for permitted stock repurchases up to $5M/year ($15M aggregate).
- The acquisition was formally consented to by the lenders via a First Amendment to the Credit Agreement.
Hudson Technologies, Inc. filed an 8-K to announce its financial results for the first quarter ended March 31, 2024.
📋 Key Facts
- Report date: May 1, 2024
- Reporting period: First quarter ended March 31, 2024
- The filing includes a press release as Exhibit 99.1 regarding financial results.
Hudson Technologies, Inc. filed an 8-K to announce its financial results for the fourth quarter and fiscal year ended December 31, 2023.
📋 Key Facts
- Report date: March 6, 2024
- Reporting period: Fourth quarter and fiscal year ended December 31, 2023
- The filing includes a press release (Exhibit 99.1) detailing financial results.