Hudson Global Inc. (HSON): Sagard Capital Sells Stock Back to Company

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Page 6 of 17 – SEC Filing

 

Item 6.                             Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 is hereby supplemented by the addition of the following:

 

Securities Purchase Agreement

 

On September 6, 2016, Sagard entered into a Securities Purchase Agreement (the Securities Purchase Agreement) with the Issuer, a copy of which is attached as Exhibit E to this Amendment No. 9 to Schedule 13D.

 

Under the Securities Purchase Agreement, Sagard has agreed to privately sell 1,100,000 Shares to the Issuer for a purchase price of $1.80 per Share, for an aggregate purchase price of $1,980,000.00.  Subject to the satisfaction of the conditions set forth therein, it is expected that the transactions contemplated thereby will be consummated on or before September 9, 2016.  Pursuant to such Securities Purchase Agreement, Sagard also agreed not to sell or otherwise transfer Sagards remaining Shares during the period ending on November 6, 2016, subject to certain exceptions.

 

The foregoing description of the Securities Purchase Agreement is qualified in its entirety by reference to the Securities Purchase Agreement, which is attached hereto as Exhibit E and is incorporated herein by reference in its entirety.

 

Item 7.                             Material to be Filed as Exhibits.

 

Exhibits A – C are hereby amended and restated in their entirety, as attached hereto.

 

Exhibit A                                             Persons Who may be Deemed to Control the Reporting Persons

 

Exhibit B                                             Executive Officers and Directors of Sagard Capital Partners GP, Inc. and Sagard Capital Partners Management Corp.

 

Exhibit C                                             Executive Officers and Directors of Power Corporation of Canada and the Trustees of the Trust

 

Item 7 is hereby supplemented with the addition of the following:

 

Exhibit E                                              Securities Purchase Agreement, dated September 6, 2016, between Hudson Global, Inc. and Sagard Capital Partners, L.P. (incorporated by reference to Exhibit 10.1 to the Issuers Current Report on Form 8-K dated September 6, 2016)

 

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