Hudson Global announces preliminary results of annual meeting of stockholders
Meeting of Stockholders based on a preliminary vote count provided by its proxy solicitor.
? Proposal 1: stockholders elected Jeffrey E. Eberwein and Richard K. Coleman, Jr. to the Board of Directors
? Proposal 2: stockholders approved the compensation of the Company's named executive officers
? Proposal 3: KPMG LLP was approved as the Company's independent auditor
? Proposal 4: an amendment to the Amended and Restated Certificate of Incorporation to declassify the Board of Directors and provide for the annual election of directors was approved.
"We appreciate the candid feedback we have received from Hudson stockholders over the past few weeks, including the many supportive comments about our team and strategic plan and the desire to have further stockholder representation on the Board," said Manolo Marquez, chairman and chief executive officer at Hudson. "We welcome Messrs. Eberwein and Coleman to the Board and look forward to familiarizing them further with Hudson's business, demonstrating the progress we are making on our plan to achieve sustained profitability and working with them constructively. We are pleased that stockholders approved our other proposals, including declassifying the Board. The entire board and management team is committed to taking the right actions to ensure long term value creation for all Hudson stockholders."
Mr. Marquez continued, "Our outgoing directors – Robert Dubner and Jennifer Laing – deserve an enormous amount of credit for helping to oversee the development and execution of our transformation plan, in particular our efforts to streamline operations and cut costs while preserving Hudson's differentiated client service. We thank them for their distinguished service on the Board and wish them all the best in the future."
IVS Associates, Inc., the independent Inspector of Elections, has indicated that it expects to issue certified results in due course, following their customary review process. The Company will then announce the final results.