Syntel, Inc. (NASDAQ:SYNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
(c) On July17, 2017, the Board of Directors of Syntel, Inc. (“Syntel”) appointed Rakesh Khanna as Chief Executive Officer and President of Syntel effective July18, 2017. Mr.Khanna, age 55, has served as Interim Chief Executive Officer and President of Syntel since November 2016. He previously served as Chief Operating Officer of Syntel from January 2012 to November 2016 and as President, Business Unit Head—Banking and Financial Services for Syntel from July 2005 to December 2011.
(d) On July17, 2017, the Board of Directors of Syntel also elected Rakesh Khanna to the Board to fill a seat that has been vacant since October31, 2016.
Mr.Khanna is not a party to any arrangement or understanding to which he was selected as a director, nor is Mr.Khanna a party to any transaction, or proposed transaction, required to be disclosed to Item404(a) of Regulation S-K under the Securites Exchange Act of 1934.
As an employee director, Mr.Khanna will not receive any additional compensation for serving on the Board of Directors.
A press release announcing these events is attached to this Report as Exhibit 99.1.
| Item 5.02. | Financial Statements and Exhibits. |
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Exhibit Number |
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| 99.1 | Press Release dated July18, 2017. |
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SYNTEL INC ExhibitEX-99.1 2 d427668dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Syntel Names Rakesh Khanna CEO and President TROY,…To view the full exhibit click here
About Syntel, Inc. (NASDAQ:SYNT)
Syntel, Inc. (Syntel) is a global provider of digital transformation, information technology and knowledge process outsourcing services. The Company operates through five segments: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. The Company offers its products and services under the Syntel brand.
