UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
| (Check One): | ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR | ||||||||||||||||||||||||||||||||||
For Period Ended: December 31, 2022 | |||||||||||||||||||||||||||||||||||
☐ Transition Report on Form 20-F | |||||||||||||||||||||||||||||||||||
☐ Transition Report on Form 11-K | |||||||||||||||||||||||||||||||||||
☐ Transition Report on Form 10-Q | |||||||||||||||||||||||||||||||||||
| For the Transition Period Ended: | |||||||||||||||||||||||||||||||||||
| Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. | ||||||||
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not Applicable
PART I – REGISTRANT INFORMATION
Hudson Global, Inc.
Full Name of Registrant
Not Applicable
Former Name if Applicable
53 Forest Avenue, Suite 102
Address of Principal Executive Office (Street and Number)
Old Greenwich, CT 06870
City, State and Zip Code
PART II – RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
☒ | (a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | ||||||||||||||||||||||||
| (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | |||||||||||||||||||||||||
| (c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. | |||||||||||||||||||||||||
PART III – NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attached extra Sheets if Needed)
Hudson Global, Inc. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Form 10-K”). The Company is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its procedures relating to its year-end financial reporting and auditing process.
The Company does not anticipate any material changes to the financial information furnished with the Form 8-K filed by the Company with the Securities and Exchange Commission on March 30, 2023. The Company anticipates that the Form 10-K will be filed on or before the fifteenth calendar day following the prescribed due date.
PART IV – OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Matthew K. Diamond | (475) | 988-2068 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| (Name) | (Area code) | (Telephone Number) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ☒ Yes ☐ No | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒ Yes ☐ No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
The Company had net income of $0.1 million for the three months ended December 31, 2022, compared to net income of $2.1 million for the three months ended December 31, 2021. For the twelve months ended December 31, 2022, the Company had net income of $7.1 million, compared to net income of $3.2 million for the twelve months ended December 31, 2021. For additional information regarding the Company’s results of operations and financial condition, please see the Form 8-K filed by the Company with the U.S. Securities and Exchange Commission on March 30, 2023. | ||
Hudson Global, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 31, 2023 | By: | /s/ MATTHEW K. DIAMOND | ||||||||||||||||||||||||
| Name: | Matthew K. Diamond | |||||||||||||||||||||||||
| Title: | Chief Financial Officer | |||||||||||||||||||||||||