Current Report Filing (8-k)
August 21 2020 - 4:06PM
Edgar (US Regulatory)
0001297989
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0001297989
2020-08-21
2020-08-21
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xbrli:shares
iso4217:USD
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Sections 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): August 21, 2020
EXLSERVICE HOLDINGS, INC.
(Exact name of registrant as specified
in its charter)
Delaware
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001-33089
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82-0572194
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(State
or other jurisdiction
of incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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320 Park Avenue, 29th Floor
New
York, New York
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10022
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(Address of principal executive offices)
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(Zip code)
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Registrant’s telephone number, including
area code: (212) 277-7100
NOT APPLICABLE
(Former name or address, if changed since
last report)
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:
¨
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
¨
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Emerging growth company
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¨
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which
registered
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Common Stock, $0.001 par value per share
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EXLS
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NASDAQ
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As previously reported, due to the uncertainty
caused by the COVID-19 pandemic, in May 2020 the Compensation Committee (the “Compensation Committee”) of the Board
of Directors (the “Board”) of ExlService Holdings, Inc. (the “Company”) temporarily reduced the base salaries
of certain of the Company’s employees, including its named executive officers, and the Board temporarily reduced the cash
retainers for the Company’s non-employee directors, in each case, for a period of six months (i.e. until October 31, 2020)
subject to adjustment or reversal by the Committee or the Board, as applicable. Effective September 1, 2020, the Compensation Committee
has approved the restoration of base salaries to their pre-reduction levels; and the Board has approved the restoration of non-employee
director cash retainers to their pre-reduction levels. The restoration of base salaries and director cash retainers take effect
two months earlier than originally expected.
SIGNATURES
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 thereunto duly authorized.
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EXLSERVICE HOLDINGS, INC.
(Registrant)
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Date: August 21, 2020
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By:
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/s/ Ajay Ayyappan
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Name:
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Ajay Ayyappan
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Title:
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General Counsel and Corporate Secretary
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