Hudson Technologies Appoints Stephen P. Mandracchia to Board of Directors
September 01 2020 - 8:25AM
Hudson Technologies, Inc. (NASDAQ: HDSN) (the “Company”) today
announced the appointment of Stephen P. Mandracchia to its Board of
Directors. Mr. Mandracchia fills the Board vacancy resulting from
the passing of Kevin J. Zugibe in June 2020.
Mr. Mandracchia, who beneficially owns
approximately 3.5% of the Company, is a founder of Hudson
Technologies and previously served the Company as Vice President
Legal and Regulatory from August 2003 until May 2019 and as
Secretary from 1995 until May 2019. Mr. Mandracchia has worked in a
variety of capacities with the Company since 1993 and from May 2019
through August 2020, was a consultant to Hudson. He was a member of
the law firm of Martin, Vandewalle, Donohue, Mandracchia &
McGahan until 1995, having been associated with the firm since
1983. Mr. Mandracchia graduated Magna Cum Laude from Manhattan
College, where he earned a BS degree in Biology, and received his
JD from St. John’s School of Law. He is a member of the New York
State Bar, and is admitted to practice in the U.S. District Court
for the Southern and Eastern Districts of New York and in the 2nd
Circuit U.S. Court of Appeals. Mr. Mandracchia is the
brother-in-law of Kevin Zugibe, former Chariman & Chief
Executive Officer of Hudson Technologies.
Brian F. Coleman, Chairman of the Board,
President and Chief Executive Officer of Hudson Technologies
commented, “We are pleased to announce Steve’s addition to the
Board. As a Company founder, whose distinguished career includes 25
years in senior management at Hudson, Steve is uniquely suited to
provide valuable counsel and expertise as we work to drive
continued growth. We are confident that his knowledge, perspective
and experience relative to our industry and our Company, will
result in significant contributions to the Board and to the
continued evolution of Hudson’s business.”
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider
of innovative and sustainable solutions for optimizing performance
and enhancing reliability of commercial and industrial chiller
plants and refrigeration systems. Hudson's proprietary
RefrigerantSide® Services increase operating efficiency, provide
energy and cost savings, reduce greenhouse gas emissions and the
plant’s carbon footprint while enhancing system life and
reliability of operations at the same time. RefrigerantSide®
Services can be performed at a customer's site as an integral part
of an effective scheduled maintenance program or in response to
emergencies. Hudson also offers SMARTenergy OPS®, which is a
cloud-based Managed Software as a Service for continuous
monitoring, Fault Detection and Diagnostics and real-time
optimization of chilled water plants. In addition, the Company
sells refrigerants and provides traditional reclamation services
for commercial and industrial air conditioning and refrigeration
uses. For further information on Hudson, please visit the Company's
web site at www.hudsontech.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
Statements contained herein which are not
historical facts constitute forward-looking statements. Such
forward-looking statements involve a number of known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, but are not limited to,
changes in the laws and regulations affecting the industry, changes
in the demand and price for refrigerants (including unfavorable
market conditions adversely affecting the demand for, and the price
of, refrigerants), the Company's ability to source refrigerants,
regulatory and economic factors, seasonality, competition,
litigation, the nature of supplier or customer arrangements that
become available to the Company in the future, adverse weather
conditions, possible technological obsolescence of existing
products and services, possible reduction in the carrying value of
long-lived assets, estimates of the useful life of its assets,
potential environmental liability, customer concentration, the
ability to obtain financing, the ability to meet financial
covenants under existing credit facilities, any delays or
interruptions in bringing products and services to market, the
timely availability of any requisite permits and authorizations
from governmental entities and third parties as well as factors
relating to doing business outside the United States, including
changes in the laws, regulations, policies, and political,
financial and economic conditions, including inflation, interest
and currency exchange rates, of countries in which the Company may
seek to conduct business, the Company’s ability to successfully
integrate any assets it acquires from third parties into its
operations, the impact of the current COVID-19 pandemic, and other
risks detailed in the Company's 10-K for the year ended December
31, 2019 and other subsequent filings with the Securities and
Exchange Commission. The words "believe", "expect",
"anticipate", "may", "plan", "should" and similar expressions
identify forward-looking statements. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date the statement was made.
Investor Relations
Contact: John Nesbett/Jennifer BelodeauIMS Investor
Relations (203) 972-9200jnesbett@institutionalms.com |
Company Contact:
Brian F. Coleman, President & CEO Hudson Technologies, Inc.
(845) 735-6000 bcoleman@hudsontech.com |
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