Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
On August 21, 2025, Star Equity Holdings, Inc. (“Star”) held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, Star stockholders approved a proposal to approve the Merger Agreement (the “Merger Proposal”).
Pursuant to satisfaction or waiver of the remaining closing conditions, Star intends to complete its previously announced merger with HSON Merger Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of Hudson Global, Inc. (“Hudson”), pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025 (the “Merger Agreement”), by and among Hudson, Star and Merger Sub. Upon the terms and subject to the conditions of the Merger Agreement, at 12:01 a.m. (EST) on August 22, 2025, at the effective time of the Merger (the “Effective Time”), Merger Sub will merge with and into Star, with Star continuing as the surviving corporation of the Merger under the name “Star Operating Companies, Inc.” as a wholly owned subsidiary of Hudson. Capitalized terms used herein but not defined have the meanings set forth in the Merger Agreement.
The foregoing description of the Merger and the Merger Agreement and the transactions contemplated thereby in this Current Report on Form 8-K is only a summary and does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which is filed as Exhibit 2.1 hereto and incorporated by reference herein.
As disclosed in greater detail in the joint proxy statement/prospectus filed with the SEC on July 23, 2025 (the “Joint Proxy Statement/Prospectus”) and distributed to the stockholders of both Hudson and Star, Jeffrey Eberwein, Hudson’s Chief Executive Officer and the holder of approximately 10% of Hudson’s common stock, is also a director and substantial stockholder of Star. The proposals listed below are described in more detail in the Joint Proxy Statement/Prospectus which was previously distributed to the stockholders of both Star and Hudson.
Of the 3,225,545 Star shares of Common Stock issued and outstanding as of the close of business on July 14, 2025, the record date for the Special Meeting, stockholders holding a majority of the Star Common Stock entitled to vote were present or represented by proxy at the Special Meeting, constituting a quorum for all matters to be presented at the Special Meeting. No broker non-votes were received.
Proposal 1 - Merger Proposal
The Merger Proposal was approved by the following vote:
|
|
|
|
|
For |
|
Against |
|
Abstain |
1,788,515 |
|
90,748 |
|
988 |
2