Star Equity Holdings, Inc. 8-K

What Happened
Star Equity Holdings, Inc. (formerly Hudson Global) filed an 8-K reporting that its Compensation Committee approved an amended and restated executive employment agreement for Richard K. Coleman, Jr., effective January 1, 2026. The agreement continues Mr. Coleman as President and Chief Operating Officer through December 31, 2026, with automatic one-year extensions thereafter.

Key Details

• Base salary set at $450,000 per year, subject to increase (not decrease) by the Compensation Committee.
• Eligibility for a discretionary bonus and for restricted stock unit (RSU) bonuses contingent on pre-established performance goals; RSUs vest 1/3 on each of the first, second and third anniversaries of the grant date.
• Company may terminate Mr. Coleman at any time; there is no committed severance or extended employment obligation in the event of a Change in Control.
• Upon termination, death or disability (and in certain cases subject to execution of a release), Mr. Coleman or his estate is entitled to earned but unpaid salary, benefits, reimbursable amounts and accrued vacation.

Why It Matters
This filing formalizes compensation and retention terms for a senior executive (President & COO), including base pay, bonus and equity incentive structure. Investors should note the absence of guaranteed change-in-control severance and the company’s right to terminate at will, which limit guaranteed post-termination payouts; equity awards are performance-contingent and vest over three years, tying potential upside to future performance and continued service.