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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JGjDwQQlaZOouj/oo4s9PBvyotaeb/2Xzs462vGW19XSD8LnFGPp2Vr5Sirl3LPh
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<SEC-DOCUMENT>0001010541-09-000005.txt : 20090327
<SEC-HEADER>0001010541-09-000005.hdr.sgml : 20090327
<ACCEPTANCE-DATETIME>20090326173258
ACCESSION NUMBER:		0001010541-09-000005
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090320
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
FILED AS OF DATE:		20090327
DATE AS OF CHANGE:		20090326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HUDSON TECHNOLOGIES INC /NY
		CENTRAL INDEX KEY:			0000925528
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080]
		IRS NUMBER:				133641539
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13412
		FILM NUMBER:		09707468

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1541
		STREET 2:		ONE BLUE HILL PLAZA, 14TH FLOOR
		CITY:			PEARL RIVER
		STATE:			NY
		ZIP:			10965
		BUSINESS PHONE:		8457356000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1541
		STREET 2:		ONE BLUE HILL PLAZA, 14TH FLOOR
		CITY:			PEARL RIVER
		STATE:			NY
		ZIP:			10965

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REFRIGERANT RECLAMATION INDUSTRIES INC
		DATE OF NAME CHANGE:	19940617
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_032009.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>

<TITLE>8-K option grants</TITLE>

</HEAD>
<BODY LINK="#0000ff">

<B><FONT SIZE=3><P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, DC 20549</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">FORM 8-K</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">CURRENT REPORT Pursuant</P>
<P ALIGN="CENTER">to Section 13 or 15(d) of the</P>
<P ALIGN="CENTER">Securities Exchange Act of 1934</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER">&#9;</P></FONT>
<CENTER>
<TABLE BORDER=0 CELLSPACING=0 cellpadding=0 WIDTH=702>
<TR><TD WIDTH="54%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Date of report (Date of earliest event reported)  </FONT></TD>
<TD WIDTH="46%" VALIGN="TOP" COLSPAN=2>
<U><FONT SIZE=3><P ALIGN="JUSTIFY">March 20, 2009</U></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<U><FONT SIZE=3><P ALIGN="CENTER">Hudson Technologies, Inc.</U></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<FONT SIZE=3><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Its Charter)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<U><FONT SIZE=3><P ALIGN="CENTER">New York</U></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<FONT SIZE=3><P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2>
<U><FONT SIZE=3><P ALIGN="CENTER">1-13412</U></FONT></TD>
<TD WIDTH="44%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="CENTER">13-3641539</U></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P ALIGN="CENTER">(Commission File Number)</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">(IRS Employer Identification No.)</FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P ALIGN="CENTER">&nbsp;</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">&nbsp;</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=3><P>&#9;</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2>
<U><FONT SIZE=3><P ALIGN="CENTER">PO Box 1541, 1 Blue Hill Plaza, Pearl River,  New York</U></FONT></TD>
<TD WIDTH="44%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="CENTER">10965</U></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=3><P ALIGN="CENTER">(Address of Principal Executive Offices)</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">(Zip Code)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<U><FONT SIZE=3><P ALIGN="CENTER">(845) 735-6000</U></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<FONT SIZE=3><P ALIGN="CENTER">(Registrant's Telephone Number, Including Area Code)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<U><FONT SIZE=3><P ALIGN="CENTER">Not Applicable</U></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<FONT SIZE=3><P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</FONT></TD>
</TR>
</TABLE>
</CENTER>

<FONT SIZE=3><P ALIGN="CENTER"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&#9;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))  </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P ALIGN="JUSTIFY"></P>
</FONT><B><P ALIGN="JUSTIFY">Item 1.01&#9;Entry into a Material Definitive Agreement.</P>
<P ALIGN="JUSTIFY">Item 2.03     &#9;Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant   </P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">On March 20, 2009, Hudson Technologies, Inc. (the "Registrant"), through its subsidiary company Hudson Technologies Company ("HTC"), entered into a Third Amendment to the Amended and Restated Loan Agreement (the "Amendment") with Keltic Financial Partners, LP ("Keltic") and Bridge Healthcare Finance, LLC ("Bridge"), which amended and increased HTC's existing credit facility with Keltic and Bridge, which, prior to the amendment, provided for borrowings by HTC of up to $15,000,000 (the "Facility").  Pursuant to the Amendment, maximum borrowings under the Facility were temporarily increased to $17,000,000.  Effective as of the close of business on July 15, 2009, the maximum borrowings under the Facility will return to $15,000,000. The Facility bears interest at a rate equal to the greater of the prime rate plus 0.875% or 6.5%.  As of March 20, 2009 the Facility bore interest at 6.5%.  At March 20, 2009, the total borrowings under the Facility were approximately $14,731,000.  </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">On March 20, 2009, the Registrant entered into a Note Purchase Agreement with Mr. Richard Parrillo, pursuant to which the Registrant has borrowed $1,000,000 which is evidenced by the Registrant's Secured Subordinated Promissory Note in the same amount (the "Note").  The Note provides for monthly payments of interest only at the rate of ten (10%) percent per annum and the Note matures and is payable on September 30, 2009.  The Note is secured by a subordinated lien and security interest against essentially all of the Registrant's assets, as evidenced by a General Security Agreement entered into between the Registrant and Mr. Parrillo.  The Note, and the Note Purchase Agreement and General Security Agreement (collectively the "Loan Transaction"), are subject to a Subordination and Intercreditor Agreement, dated March 26, 2009, pursuant to which Registrant and Mr. Parrillo have agreed to subordinate the Loan Transaction to the rights of Keltic and Bridge under the Facility.<FONT FACE="CG Time
s,Times New Roman" SIZE=4>  </P>
<P ALIGN="JUSTIFY"></P>
</FONT><P ALIGN="JUSTIFY">On March 26, 2009, the Registrant entered into a Note Purchase Agreement with Catherine F. Zugibe, pursuant to which the Registrant has borrowed $1,000,000 which is evidenced by the Registrant's Secured Subordinated Promissory Note in the same amount (the "Second Note").  The Second Note provides for monthly payments of interest only at the rate of ten (10%) percent per annum and the Second Note matures and is payable on September 30, 2009.  The Second Note is secured by a subordinated lien and security interest against essentially all of the Registrant's assets, as evidenced by a General Security Agreement entered into between the Registrant and Mrs. Zugibe.  The Second Note, and the Note Purchase Agreement and General Security Agreement (collectively the "Second  Loan Transaction"), are subject to a Subordination and Intercreditor Agreement, dated March 26, 2009, pursuant to which Registrant and Mrs. Zugibe have agreed to subordinate the Second Loan Transaction to the rights of Ke
ltic and Bridge under the Facility.<FONT FACE="CG Times,Times New Roman" SIZE=4>  </P>
</FONT><FONT FACE="CG Times,Times New Roman" SIZE=2><P ALIGN="JUSTIFY"> </P>
<P ALIGN="JUSTIFY"></P>
</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">SIGNATURES</P>
</B><P>&#9;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P>HUDSON TECHNOLOGIES, INC.</P>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<TABLE CELLSPACING=0 BORDER=0 cellpadding=0 WIDTH=624>
<TR><TD WIDTH="39%" VALIGN="TOP">
<P><BR>
<FONT SIZE=3>Date: March 26, 2009</FONT></TD>
<TD WIDTH="6%" VALIGN="bottom">
<FONT SIZE=3><P>By:<U> </U></FONT></TD>
<TD WIDTH="56%" VALIGN="bottom">
<U><FONT SIZE=3>
<P>/S/  Stephen P. Mandracchia</U></FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP">
<FONT SIZE=3><P>Name:  Stephen P. Mandracchia</FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP">
<FONT SIZE=3><P> Title:    Vice President Legal &amp; Regulatory, Secretary </FONT></TD>
</TR>
</TABLE>

<FONT SIZE=3>
<P>&nbsp;</P></FONT></BODY>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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