お知らせ • Jun 07
Startek, Inc. Announces Executive Changes Startek, Inc. announced that on May 30, 2023, Nishit Shah gave notice of his intention to resign from his position as Chief Financial Officer. Mr. Shah’s resignation is effective as of June 2, 2023. Also on May 30, 2023, Mr. Shah entered into a Separation Agreement and General Release (the “Separation Agreement”), which addresses the payments and benefits to which Mr. Shah is entitled in connection with his resignation. Under the terms and conditions of the Separation Agreement, Mr. Shah is entitled to receive a payment of INR 8.24 million (approximately $99,619) in connection with his separation from service. The Separation Agreement contains a general release of any claims Mr. Shah may have relating to his employment. In addition, the Separation Agreement contains customary confidentiality and non-disparagement provisions, as well a covenant not to hire, solicit or engage with employees and customers for a period of 24 months. On June 1, 2023, the Company announced the appointment of Mr. Neeraj Jain, age 46, as Chief Financial Officer. Mr. Jain is a Chartered Accountant with over 22 years of extensive experience in areas of global transformations, financial leadership, corporate development & integrations, funding & private equity investments. Prior to joining Startek, Mr. Jain was EVP & CFO at Comviva. He also spearheaded business transformations at Tech Mahindra Global delivering process excellence as a key strategic initiative for growth and profitability and led Enterprise Risk Management for group. Prior to this, Mr. Jain has held key leadership portfolios at Microsoft Corporation, Convergys and Jubilant. Board Change • Dec 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Chairman of the Board Albert Aboody was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Nov 23
Startek, Inc. Approves Election of Anupam Pahuja and N S Balasubramanian as Directors On November 21, 2022, StarTek, Inc. (the “Company”) held its 2022 Annual Meeting of Stockholders, at which the Company’s stockholders voted the election of Anupam Pahuja and N S Balasubramanian as directors to the Company’s board of directors. お知らせ • Oct 13
Startek, Inc., Annual General Meeting, Nov 21, 2022 Startek, Inc., Annual General Meeting, Nov 21, 2022, at 09:00 Mountain Daylight. Location: 4610 South Ulster Street, Suite 150 Denver, CO 80237 Denver United States Agenda: To elect eight directors to hold office for a term of one year until the 2023 Annual Meeting of Stockholders and until their successors are elected and qualified; to ratify the appointment of BDO India LLP as company's independent registered public accounting firm for the year ending December 31, 2022; to hold a non-binding advisory vote to approve the compensation of company's named executive officers; and to consider and act upon such other business as may properly come before the Annual Meeting. お知らせ • Jul 06
Startek, Inc. Appoints Sudip Bannerjee as Director and Member of Nominating and Governance Committee On June 28, 2022, the Board of Directors of StarTek, Inc. (the “Company”) appointed Sudip Bannerjee to serve as a director of the Company effective as of July 1, 2022. Mr. Bannerjee has also been appointed to serve as a member of the Nominating and Governance Committee of the Board effective as of July 1, 2022. Mr. Bannerjee fills a vacancy on the Board created on June 28, 2022, when Aparup Sengupta notified the Company of his resignation from the Board effective as of July 1, 2022. Mr. Sengupta’s decision to resign from the Board was a result of his desire to focus his attention on other business matters and was not due to any disagreement with the Company. Sudip Banerjee is an Operating Partner of Capital Square Partners. He is currently on the board of directors of L&T Technologies Ltd, Kesoram Industries Limited and IFB Industries Limited. He is also a member of the advisory board of TAPMI Business School, Jaipur, India. He was the chief executive officer of Larsen & Toubro Infotech Limited between 2008-2011. Prior to that, he worked with Wipro Limited (“Wipro”) from 1983 to 2008 and was the President of the Enterprise Solutions Division at Wipro and a member of the Corporate Executive Council of Wipro between 2002 and 2008. He was a member of the Executive Council of National Association of Software and Service Companies of India during 2000 to 2002 and again from 2009 to 2011. He also served as a member on the Board of Governors of Indian Institute of Information Technology, Allahabad, India. Mr. Banerjee holds a graduate degree in Arts (honours course) in economics from University of Delhi, New Delhi, and a diploma in management from the All India Management Association, New Delhi. In his capacity as a director of the Company, Mr. Bannerjee will be entitled to compensation in accordance with the Company’s policy regarding the compensation of directors and its 2008 Equity Incentive Plan. The Company’s policy regarding the compensation of directors provides for compensation entirely with equity awards. At the start of each quarter, members of the Board, at their option, may elect to receive (1) stock options to purchase shares of common stock with a fair value equivalent to $90,000 (calculated using the Black-Scholes pricing model), (2) common stock with a grant date fair value of $90,000, (3) deferred stock units with a fair value equivalent to $90,000 or (4) any combination of options, stock and deferred stock units. Upon the date of grant, the members of the Board are immediately vested in the stock options, stock and deferred stock units. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Gerald Schafer was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.