哈德森科技 2024年度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for thepast 90days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule12b-2of the Exchange Act: Large accelerated filer☐ Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).☐Yes The aggregate market value of registrant’s common stock held by non-affiliates at June30, 2024 was approximately $387,024,597. As of March 5, 2025, there were44,025,108shares of the registrant’s common stock outstanding.DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Registrant’s Proxy Statement for its Annual Meeting of Stockholders to be held on June 11, 2025, are incorporated by reference in PartIII of thisReport. Except as expressly incorporated by reference, the Registrant’s Proxy Statement shall not be deemed to be part of this Form10-K. Hudson Technologies,Inc. Index PartItemPagePart I.Item 1-Business3Item1A-Risk Factors9Item 1B-Unresolved Staff Comments13Item 1C-Cybersecurity13Item 2 -Properties14Item 3 -Legal Proceedings14Item 4 -Mine Safety Disclosures15Part II.Item 5 -Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities15Item 6 -[Reserved]16Item 7 -Management’s Discussion and Analysis of Financial Condition and Results ofOperations17Item 7A-Quantitative and Qualitative Disclosures About Market Risk22Item 8 -Financial Statements and Supplementary Data23Item 9 -Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure23Item 9A-Controls and Procedures26Item 9B-Other Information26Item 9C-Disclosure Regarding Foreign Jurisdictions that Prevent Inspections26Part III.Item 10-Directors, Executive Officers and Corporate Governance26Item 11-Executive Compensation26Item 12-Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters26Item 13-Certain Relationships and Related Transactions, and Director Independence27Item 14-Principal Accountant Fees and Services27Part IV.Item 15-Exhibits and Financial Statement Schedules28Item 16-Form 10-K Summary30Signatures57 PartI Item 1. Business General Hudson Technologies,Inc. (“Hudson” or the “Company”), incorporated under the laws of New York onJanuary11, 1991, is a refrigerant services company providing innovative solutions to recurring problems withinthe refrigeration industry. Hudson has proven, reliable programs that meet customer refrigerant needs byproviding environmentally sustainable solutions from initial sale of refrigerant gas through recovery, reclamationand reuse, peak operating performance of equipment through energy efficiency and emergency air conditioningand refrigeration system repair, to final refrigerant disposal and carbon credit trading. The Company’s operations consist of one reportable segment. The Company’s products and services are primarilyused in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant andindustrial gas sales, refrigerant management services