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March 19, 2014
09:07 EDTHSONHudson Global shareholder Lone Star Value to propose two Board directors
Hudson Global shareholder Lone Star Value Management, with approximately 7.4% of the outstanding common stock of the company, filed preliminary proxy materials with the SEC in connection with the election of directors to the Hudson Board of Directors at the 2014 annual shareholders meeting. Lone Star Value stated in its preliminary proxy statement that the current Board has overseen prolonged operating and stock price underperformance and further appears to lack a strategically coherent plan or the commitment or ability to tackle the serious issues facing Hudson.
News For HSON From The Last 14 Days
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October 21, 2014
17:16 EDTHSONHeartland Advisors reports 13.7% passive stake in Hudson Global
October 13, 2014
17:03 EDTHSONHudson Global lowers Q3 revenue guidance to $163M from $165M-$175M
Consensus $169.20M. The drop in revenue guidance is primarily due to slower progress than expected in its more challenged markets and softer exchange rates than the prevailing rates at the time of guidance. The company lowered its Q3 adjusted EBITDA to ($4.4M)-($4.6M) from $0M-($2M). The company expects to report $47M in liquidity, composed of $19M in cash and $28M in availability under its credit facilities, as well as $8M in outstanding borrowings.

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