Syntel, Inc. (NASDAQ:SYNT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
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Submission of Matters to a Vote of Security Holders. |
Syntel, Inc. (Syntel) held its annual meeting of shareholders on
Wednesday, June7, 2017 (the Meeting). As of the record date for
the Meeting, April12, 2017, there were 83,635,155 shares of
Syntels common stock outstanding and entitled to vote. There were
79,587,709 shares of Syntels 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 Syntels Board of Directors, were elected to serve
for one year terms lasting until the next annual meeting of
shareholders in 2018:
| Number of Shares | ||||||||||||
| FOR | WITHHELD | BROKERNON- VOTES | ||||||||||
|
Paritosh K. Choksi |
73,855,395 | 1,425,526 | 4,306,788 | |||||||||
|
Bharat Desai |
74,125,343 | 1,155,578 | 4,306,788 | |||||||||
|
Thomas Doeke |
74,475,859 | 805,062 | 4,306,788 | |||||||||
|
Rajesh Mashruwala |
74,296,500 | 984,421 | 4,306,788 | |||||||||
|
Prashant Ranade |
74,127,724 | 1,153,197 | 4,306,788 | |||||||||
|
Vinod K. Sahney |
74,432,873 | 848,048 | 4,306,788 | |||||||||
|
Rex E. Schlaybaugh, Jr. |
74,472,646 | 808,275 | 4,306,788 | |||||||||
|
Neerja Sethi |
74,132,331 | 1,148,590 | 4,306,788 |
Proposal 2: The compensation of the named
executive officers received advisory approval:
|
Number of Shares |
||||||
|
FOR |
AGAINST | ABSTAIN | BROKERNON- VOTES | |||
| 73,269,144 | 1,981,572 | 30,205 | 4,306,788 |
Proposal 3: The frequency of votes on named
executive officer compensation received advisory approval for
holding the vote every year:
|
Number of Shares |
||||||||
|
ONEYEAR |
TWOYEARS | THREEYEARS | ABSTAIN | BROKERNON- VOTES | ||||
| 73,898,328 | 15,208 | 1,328,742 | 38,643 | 4,306,788 |
Syntel has determined to follow the shareholders recommendation
on the frequency of shareholder advisory votes on named executive
officer compensation and will hold advisory votes on its named
executive officer compensation annually until the next vote on
frequency, which will be no later than Syntels Annual Meeting of
Shareholders in 2023.
Proposal 4: The appointment of Crowe Horwath LLP
as Syntels independent registered public accounting firm for
fiscal year 2017 was ratified:
|
Number of Shares |
||||||
|
FOR |
AGAINST | ABSTAIN | BROKERNON- VOTES | |||
| 78,904,091 | 671,687 | 11,931 | -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.