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| HDSN > SEC Filings for HDSN > Form 8-K on 6-Oct-2009 | All Recent SEC Filings |
6-Oct-2009
Creation of a Direct Financial Obligation or an Obligation under an O
On September 30, 2009, Hudson Technologies, Inc. (the "Registrant") entered into a First Amendment to Note (the "Amendment") pursuant to which the Registrant has extended the maturity date of its 10% Secured Subordinated Promissory Note, dated March 26, 2009, issued to Richard Parrillo in the amount of $1,000,000 (the "Note"). Pursuant to the Amendment, the maturity date of the Note, which bears interest at the rate of 10% per annum, has been extended to, and the Note will now become payable on, June 30, 2010. Under the Amendment, all other terms of the Note remain in full force and effect. The Note continues to be secured by a subordinated lien and security interest against essentially all of the Registrant's assets, as evidenced by the General Security Agreement previously entered into between the Registrant and Mr. Parrillo.
On September 30, 2009, the Registrant made final payment of all amounts due, inclusive of all principal and interest, under the Registrant's 10% Secured Subordinated Promissory Note issued to Catherine F. Zugibe, dated March 26, 2009 (the "Second Note") in accordance with the terms of the Second Note and upon payment of the Second Note the related General Security Agreement previously entered into between the Registrant and Ms. Zugibe expired by its terms.
As of October 1, 2009, the Registrant has discontinued, and is no longer pursuing further sales under, the Registrant's registered direct public offering for the sale of up to 3,870,000 shares of the Registrant's common stock at an offering price of $1.15 per share which was made pursuant to the Registrant's prospectus supplement and base prospectus related to its Registration Statement on Form S-3 that was declared effective by the Securities and Exchange Commission on September 5, 2008. All sales made under the Offering were previously reported by the Registrant on the Registrant's Form 8-K filed August 3, 2009.
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