Syntel, Inc. (NASDAQ:SYNT) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
Syntel, Inc. (“Syntel”) held its annual meeting of shareholders on Wednesday, June6, 2018 (the “Meeting”). As of the record date for the Meeting, April11, 2018, there were 82,967,354 shares of Syntel’s common stock outstanding and entitled to vote. There were 77,890,848 shares of Syntel’s common stock represented in person or by proxy at the Meeting. The final vote of the shareholders on the proposals presented at the Meeting follows:
Proposal 1: The following nominees, constituting the entirety of Syntel’s Board of Directors, were elected to serve for one year terms lasting until the next annual meeting of shareholders in 2019:
| Number of Shares | |||
| FOR | WITHHELD | BROKER NON-VOTES | |
|
Paritosh K. Choksi |
69,884,833 | 2,624,995 | 5,381,020 |
|
Bharat Desai |
71,296,450 | 1,213,378 | 5,381,020 |
|
Thomas Doeke |
72,214,702 | 295,126 | 5,381,020 |
|
Rakesh Khanna |
72,093,003 | 416,825 | 5,381,020 |
|
Rajesh Mashruwala |
72,214,637 | 295,191 | 5,381,020 |
|
Prashant Ranade |
71,297,326 | 1,212,502 | 5,381,020 |
|
Vinod K. Sahney |
72,369,753 | 140,075 | 5,381,020 |
|
Rex E. Schlaybaugh, Jr. |
72,207,554 | 302,274 | 5,381,020 |
|
Neerja Sethi |
71,184,376 | 1,325,452 | 5,381,020 |
Proposal 2: The compensation of the named executive officers received advisory approval:
| Number of Shares | |||
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES |
|
70,517,171 |
1,983,369 | 9,288 | 5,381,020 |
Proposal 3: The appointment of Crowe Horwath LLP as Syntel’s independent registered public accounting firm for fiscal year 2018 was ratified:
| Number of Shares | |||
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES |
|
77,681,842 |
204,374 | 4,632 | -0- |
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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.
