Hudson boss has plan for stock sales
-
- May
- 7
Hudson Technologies Inc., the Pearl River company that decontaminates large refrigeration equipment, said Kevin Zugibe, the chairman and chief executive, has adopted a plan to sell some of his Hudson shares.
The plan allows Zugibe to sell up to $1 million shares over a one-year period.
Zugibe said he plans to use some of the money he gets from the sales to pay off personal debt he ran up last year when he and other executives bought more than 9 million shares. Those purchases allowed the company to buy back and retire 6.9 million shares, resulting in a 26 percent reduction in shares outstanding, he said.
Hudson shares were trading at $2.41, up 48 cents, in early trading this morning.
This entry was posted
on Wednesday, May 7th, 2008 at 9:17 am by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
