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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   001-33089   82-0572194

(State or other jurisdiction

of incorporation or organization)

 

(Commission File Number) 

 

(I.R.S. Employer

Identification No.) 

 

   

320 Park Avenue, 29th Floor

New York, New York

 

10022

    (Address of principal executive offices)  

(Zip code)

 

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:

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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)

 

¨ Emerging growth company
   
¨

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

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 par value per share

EXLS

NASDAQ

 

 

 

 

 

Item 8.01 Other Events.

 

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.

 

 

EXLSERVICE HOLDINGS, INC.

(Registrant)

     
Date: August 21, 2020 By: /s/ Ajay Ayyappan
  Name: Ajay Ayyappan
  Title: General Counsel and Corporate Secretary

 

 

 

 

 

 

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