| Item 1. | |
| (a) | Name of issuer:
Hudson Global, Inc. |
| (b) | Address of issuer's principal executive offices:
53 FOREST AVENUE, OLD GREENWICH, CT, 06870 |
| Item 2. | |
| (a) | Name of person filing:
a) Hotchkis and Wiley Capital Management, LLC
b) Hotchkis and Wiley Small Cap Value Fund |
| (b) | Address or principal business office or, if none, residence:
a) Hotchkis and Wiley Capital Management, LLC: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017
b) Hotchkis and Wiley Small Cap Value Fund: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017 |
| (c) | Citizenship:
a) Delaware
b) Delaware |
| (d) | Title of class of securities:
Common Stock $0.01 par value |
| (e) | CUSIP No.:
443787205 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) |  Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
|
| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
a) 293,525 (Ownership disclaimed pursuant to Section 13d-4 of the 1934 Act) (includes ownership reported in 4(a)(b) below)
b) 134,360 |
| (b) | Percent of class:
a) 10.67% (includes ownership reported in 4(b)(b) below)
b) 4.88% |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
a) 247,725 (includes ownership reported in 4(c)(i)(b) below)
b) 134,360
|
| | (ii) Shared power to vote or to direct the vote:
0
|
| | (iii) Sole power to dispose or to direct the disposition of:
a) 293,525 (includes ownership reported in 4(c)(iii)(b) below)
b) 134,360
|
| | (iv) Shared power to dispose or to direct the disposition of:
0
Note that certain of HWCM's clients have retained voting power over the Common Shares that they beneficially own. Accordingly, HWCM has the power to dispose of more Common Shares than it can vote.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The securities as to which this Schedule is filed by HWCM, in its capacity as investment adviser, are owned of record by clients of HWCM. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities.
Hotchkis and Wiley Small Cap Value Fund - Ownership of 5 percent or less of a class. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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