-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QwIEzJ4QxQpUPiDjGhyLHTfFlIL+iIUR/vMuYl6lxHcJRxGQiBFW5PtVrZHZqAIc fe8tX7ORv3uPRXdL/W1Qew== 0000950159-06-000031.txt : 20060112 0000950159-06-000031.hdr.sgml : 20060112 20060112154605 ACCESSION NUMBER: 0000950159-06-000031 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060112 DATE AS OF CHANGE: 20060112 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PASTERNAK KENNETH D CENTRAL INDEX KEY: 0001090901 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 2012229400 MAIL ADDRESS: STREET 1: KNIGHT SECURITIES STREET 2: NEWPORT TWR 525 WASHINGTON BLVD CITY: JERSEY CITY STATE: NJ ZIP: 07310 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUDSON HOLDING CORP CENTRAL INDEX KEY: 0000804157 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 411546471 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-39281 FILM NUMBER: 06527169 BUSINESS ADDRESS: STREET 1: 525 WASHINGTON BLVD. STREET 2: SUITE 3600 CITY: JERSEY CITY STATE: NJ ZIP: 07310 BUSINESS PHONE: 201-216-0100 MAIL ADDRESS: STREET 1: 525 WASHINGTON BLVD. STREET 2: SUITE 3600 CITY: JERSEY CITY STATE: NJ ZIP: 07310 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH OUTCOMES MANAGEMENT INC DATE OF NAME CHANGE: 19951116 FORMER COMPANY: FORMER CONFORMED NAME: DATA MED CLINICAL SUPPORT SERVICES INC /MN/ DATE OF NAME CHANGE: 19920703 SC 13D 1 pasternak13d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Hudson Holding Corp. - ----------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - ----------------------------------------------------------------------- (Title of Class of Securities) 443793104 - ----------------------------------------------------------------------- (CUSIP Number) Hudson Holding Corp. 525 Washington Blvd, Suite 3600 Jersey City, NJ 07310 (201) 216-0100 - ----------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 10, 2006 - ----------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |_| The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 443793104 - ----------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Kenneth D. Pasternak - ----------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - ----------------------------------------------------------------------- 3. SEC Use Only - ----------------------------------------------------------------------- 4. Source of Funds (See Instructions) (See item 3) PF - ----------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - ----------------------------------------------------------------------- 6. Citizenship or Place of Organization U.S.A - ----------------------------------------------------------------------- Number of 7. Sole Voting Power 6,581,076 Shares ---------------------------------------------------- Beneficially 8. Shared Voting Power Owned by ---------------------------------------------------- Each 9. Sole Dispositive Power 6,581,076 Reporting ---------------------------------------------------- Person With 10. Shared Dispositive Power - ----------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 6,581,076 - ----------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - ----------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 24.24% - ----------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN Item 1. Security and Issuer. This Schedule 13D relates to the common stock, par value $0.001 per share(the "Common Stock") of Hudson Holdings Corp., whose principal executive offices are located at 525 Washington Blvd, Suite 3600, Jersey City, NJ 07310 (the "Issuer"). Item 2. Identity and Background. (a) The name of the reporting person is Kenneth D. Pasternak (the "Reporting Person"). (b) The address of the Reporting Person is c/o Chestnut Ridge Capital, LLC, 50 Tice Blvd, Woodcliff Lake, NJ 07677. (c) The Reporting Person's present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted is - C.E.O., Chestnut Ridge Capital, LLC, 50 Tice Blvd, Woodcliff Lake, NJ 07677. (d) The Reporting Person has not been convicted in any criminal proceedings during the last five years. (e) The Reporting Person has not during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction where the result of which, Mr. Pasternak is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a citizen of the U.S.A. Item 3. Source and Amount of Funds or Other Consideration. The Reporting Person purchased the 6,581,076 shares of Common Stock directly from the Issuer for a purchase price equal to an aggregate of $2,000,000.00. The source of funding for this purchase was through personal funds. Item 4. Purpose of Transaction. Passive investment Item 5. Interest in Securities of the Issuer. (a) The Reporting Person beneficially owns an aggregate of 6,581,076 shares of Common Stock, representing 24.24% of the outstanding shares of Common Stock (based, as to the number of outstanding shares, upon the Issuer's Form 10-QSB filed November 14, 2005 plus the subject shares purchased.) (b) The Reporting Person has the sole right to vote and dispose, or direct the disposition, of the 6,581,076 shares of Common Stock owned by the Reporting Person. (c) The 6,581,076 shares of Common Stock reported herein were acquired by the Reporting Person from the Issuer effective January 10, 2006. (d) Other than the Reporting Person, no 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, the 6,581,076 shares of Common Stock owned by the Reporting Person. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The securities discussed herein are the result of the Common Stock Purchase Agreement executed by and between the Reporting Person and the Issuer (the "Purchase Agreement"). Item 7. Material to Be Filed as Exhibits. None. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 12, 2006 Kenneth D. Pasternak By: /s/ Kenneth D. Pasternak ------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----