HUDSON TECHNOLOGIES INC NY
For the period ended Jun 11, 2025. Filed Apr 25, 2025.
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Jun 11, 2025 · Filed Apr 25, 2025
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Contents
PAY VERSUS PERFORMANCE
| · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · Value of Initial Fixed $100 Investment on 12/31/19 Based on · · · · · · · · · · · · · | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Year · · · Summary Compensation Table Total for PEO (Brian F. Coleman) · · · Summary Compensation Table Total for PEO (Kevin J. Zugibe)(1) · · · Compensation Actually Paid to PEO (Brian F. Coleman) · · · Compensation Actually Paid to PEO (Kevin J. Zugibe) · · · Average Summary Compensation Table Total for Non-PEO NEOs(2) · · · Average Compensation Actually Paid to Non-PEO NEOs(2) · · · Total Shareholder Return · · · Peer Group Total Shareholder Return(3) · · · Net Income (Loss) · · · EBITDA(4) · | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2020 | | | | $981,953 | | | | | $256,628 | | | | | $765,047(5) | | | | | $242,753(6) | | | | | $550,679 | | | | | $526,353(7) | | | | | $111.22 | | | | | $118.36 | | | | | $(5,208,000) | | | | | $13,001,000 | | | ||
| 2021 | | | | $1,800,574 | | | | | | — | | | | | $1,657,574(5) | | | | | | — | | | | | $608,173 | | | | | $537,598(7) | | | | | $453.06 | | | | | $134.57 | | | | | $32,259,000 | | | | | $50,961,000 | | |
| 2022 | | | | $2,570,386 | | | | | | — | | | | | $2,396,608(5) | | | | | | — | | | | | $799,057 | | | | | $768,364(7) | | | | | $1,032.65 | | | | | $105.56 | | | | | $103,801,000 | | | | | $137,486,000 | | |
| 2023 | | | | $1,095,224 | | | | | | — | | | | | $2,036,459(5) | | | | | | — | | | | | $497,469 | | | | | $698,194(7) | | | | | $1,376.53 | | | | | $121.49 | | | | | $52,247,000 | | | | | $86,262,000 | | |
| 2024 | | | | $1,046,816 | | | | | | — | | | | | $1,125,350(5) | | | | | | — | | | | | $377,875 | | | | | $404,789(7) | | | | | $557.14 | | | | | $133.52 | | | | | $24,388,000 | | | | | $36,938,000 | | |
(1)
Mr. Zugibe passed away on June 23, 2020.
(2)
Named executive officers during the applicable years are: (i) 2020 — Nat Krishnamurti, Chief Financial Officer and Secretary; Kathleen L. Houghton, Vice President — Sales and Marketing; and Ryan A. Maupin — Chief Restructuring Officer; (ii) 2021 — Nat Krishnamurti, Chief Financial Officer and Secretary; and Kathleen L. Houghton, Vice President — Sales and Marketing; (iii) 2022 — Nat Krishnamurti, Chief Financial Officer and Secretary; and Kathleen L. Houghton, Vice President — Sales and Marketing; (iv) 2023 — Nat Krishnamurti, Chief Financial Officer and Secretary; Kathleen L. Houghton, Senior Vice President — Sales and Marketing; and Kenneth Gaglione, Vice President — Operations; and (v) 2024 — Brian J. Bertaux, Chief Financial Officer and Secretary; Kathleen L. Houghton, Senior Vice President — Sales and Marketing; and Nat Krishnamurti, Former Chief Financial Officer and Secretary.
(3)
Peer group is the Russell 2000 Index.
(4)
EBITDA consists of net income (loss), plus interest expense, income tax expense (benefit), depreciation and amortization. EBITDA is a non-GAAP financial measure.
(5)
Represents the Summary Compensation Table Total for Mr. Coleman for 2020, 2021, 2022, 2023 and 2024 adjusted as follows:
| Year · · · Summary Compensation Table Total for PEO (Brian F. Coleman) · · · Deduction of fair value of any stock option grants or stock awards during the year · · · (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year · · · (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year · · · (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date · · · (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value · · · (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year · · · (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year · · · Compensation Actually Paid to PEO (Brian F. Coleman) · | |||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | | | | $981,953 | | | | | $(220,000) | | | | | | — | | | | | | — | | | | | | — | | | | | $3,094 | | | | | | — | | | | | | — | | | | | $765,047 | | |
| 2021 | | | | $1,800,574 | | | | | $(363,000) | | | | | | — | | | | | | — | | | | | $220,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $1,657,574 | | |
| 2022 | | | | $2,570,386 | | | | | $(860,000) | | | | | $504,722 | | | | | | — | | | | | $181,500 | | | | | | — | | | | | | — | | | | | | — | | | | | $2,396,608 | | | |
| 2023 | | | | $1,095,224 | | | | | $(119,000) | | | | | $630,236 | | | | | | — | | | | | $429,999 | | | | | | — | | | | | | — | | | | | | — | | | | | $2,036,459 | | | |
| 2024 | | | | $1,046,816 | | | | | | — | | | | | $18,992 | | | | | | — | | | | | $59,542 | | | | | | — | | | | | | — | | | | | | — | | | | | $1,125,350 | | |
(6)
Represents the Summary Compensation Table Total for Mr. Zugibe for 2020 adjusted as follows:
| Year · · · Summary Compensation Table Total for PEO (Kevin J. Zugibe) · · · Deduction of fair value of any stock option grants or stock awards during the year · · · (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year · · · (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year · · · (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date · · · (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value · · · (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year · · · (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year · · · Compensation Actually Paid to PEO (Kevin J. Zugibe) · | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | | | | $256,628 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $(13,875) | | | | | | — | | | | | | — | | | | | $242,753 | | |
(7)
Represents the average Summary Compensation Table Total for the applicable executives described in footnote (2) above for 2020, 2021, 2022, 2023 and 2024 adjusted as follows:
| Year · · · Average Summary Compensation Table Total for Non-PEO NEOs(2) · · · Deduction of fair value of any stock option grants or stock awards during the year · · · (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year · · · (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year · · · (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date · · · (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value · · · (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year · · · (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year · · · Average Compensation Actually Paid to Non-PEO NEOs · | |||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | | | | $550,679 | | | | | $(25,000) | | | | | | — | | | | | | — | | | | | | — | | | | | $674 | | | | | | — | | | | | | — | | | | | $526,353 | | |
| 2021 | | | | $608,173 | | | | | $(108,075) | | | | | | — | | | | | | — | | | | | $37,500 | | | | | | — | | | | | | — | | | | | | — | | | | | $537,598 | | |
| 2022 | | | | $799,057 | | | | | $(235,000) | | | | | $150,269 | | | | | | — | | | | | $54,038 | | | | | | — | | | | | | — | | | | | | — | | | | | $768,364 | | | |
| 2023 | | | | $497,469 | | | | | $(33,250) | | | | | $114,809 | | | | | | — | | | | | $119,166 | | | | | | — | | | | | | — | | | | | | — | | | | | $698,194 | | | |
| 2024 | | | | $377,875 | | | | | | — | | | | | $2,980 | | | | | | — | | | | | $23,934 | | | | | | — | | | | | | — | | | | | | — | | | | | $404,789 | | |
Supplemental Pay Versus Performance Tables
The following table illustrates the relationship between the Compensation Actually Paid (as set forth in the Pay Versus Performance table above) for the PEO and the average Compensation Actually Paid (as set forth in the Pay Versus Performance table above) for the non-PEO NEOs and the cumulative shareholder return of Hudson Technologies, Inc. stock during 2020, 2021, 2022, 2023 and 2024 and the cumulative shareholder return of the Russell 2000 Index during 2020, 2021, 2022, 2023 and 2024.
The following table illustrates the relationship between the Compensation Actually Paid (as set forth in the Pay Versus Performance table above) for the PEO and the average Compensation Actually Paid (as set forth in the Pay Versus Performance table above) for the non-PEO NEOs and the net income of Hudson Technologies, Inc. during 2020, 2021, 2022, 2023 and 2024.
The following table illustrates the relationship between the Compensation Actually Paid (as set forth in the Pay Versus Performance table above) for the PEO and the average Compensation Actually Paid (as set forth in the Pay Versus Performance table above) for the non-PEO NEOs and the EBITDA of Hudson Technologies, Inc. during 2020, 2021, 2022, 2023 and 2024.
List of Financial Performance Measures
The following list represents the most important financial performance measures used by the Company to link compensation actually paid to the NEOs for the most recently completed fiscal year to company performance.
TABULAR LIST OF FINANCIAL PERFORMANCE MEASURES USED TO LINK COMPENSATION ACTUALLY PAID TO NEOs FOR THE MOST RECENTLY COMPLETED FISCAL YEAR TO COMPANY PERFORMANCE
| | EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) | |
|---|---|---|
| | Hudson Technologies, Inc. Stock Price | |
| | Net income | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.