Hudson Global Inc 2024年度报告

Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d)of the Securities Act.Yes☐No☒ 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 12 months (or for such shorter period that the registrant was required to file such reports) and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registranthas submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-Tduring the preceding 12 months (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 anemerging growth company. See definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” inRule 12b-2 of the Exchange Act. 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 Section 13(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 controlover financial 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 itsaudit report.☐ 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 filing reflect thecorrection 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 any of theregistrant’s executive officers during the relevant recovery period pursuantto §240.10D-1(b).☐ Indicate by checkmark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the voting common stock held by non-affiliates of the registrant was approximately $25,035,157based on the closing price of theCommon Stock on the NASDAQ Global Select Market on June30, 2024. Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Table of Contents PagePART IITEM 1.BUSINESS1ITEM 1A.RISK FACTORS5ITEM 1B.UNRESOLVED STAFF COMMENTS13ITEM 1C.CYBERSECURITY13ITEM 2.PROPERTIES14ITEM 3.LEGAL PROCEEDINGS14ITEM 4.MINE SAFETY DISCLOSURES14PART IIITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS ANDISSUER PURCHASES OF EQUITY SECURITIES15ITEM 6.RESERVED16ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS16ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK29ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA29ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIALDISCLOSURES65ITEM 9A.CONTROLS AND PROCEDURES65ITEM 9B.OTHER INFORMATION65ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS65PART IIIITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE66ITEM 11.EXECUTIVE COMPENSATION71ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATEDSTOCKHOLDER MATTERS82ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE83ITEM 14.PRINCIPAL ACCOUNTING FEES AND SERVICES84PART IVITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES85EXHIBIT INDEX85 ITEM 1.BUSINESS General Hudson Global, Inc. (the “Company” or “Hudson,” “we,” “us,” and “our”) is a leading total talent solutions provider operating underthe brand name Hudson RPO. We deliver innovative, customized recruitment outsourcing and total talent solutions to organizations worldwide.Through our consultative approach, we develop tailored talent solutions designed to meet our clients’ strategic growth initiatives. We are aDelaware corporation, and have operated as an independent publicly held company since April 1, 2003, when Monster Worldwide, Inc.,formerly TMP Worldwide, Inc., spun off its eResourcing division. The Company delivers Recruitment Process Outsourcing (“RPO”) services, consisting of recruitment and contracting solutionstailored to the individual needs of primarily mid-to-large multinational companies. The Company’s RPO delivery teams utilize recruitmentprocess methodologies and project management expertise to meet clients’ ongoing business needs. The Company’s RPO services includecomplete recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment co