Startek Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Bharat Rao

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	58.9%
CEO tenure	2yrs
CEO ownership	n/a
Management average tenure	1.5yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bharat Rao's remuneration changed compared to Startek's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$34m
Jun 30 2023	n/a	n/a	-US$9m
Mar 31 2023	n/a	n/a	-US$7m
Dec 31 2022	US$1m	US$619k	-US$7m
Sep 30 2022	n/a	n/a	-US$2m
Jun 30 2022	n/a	n/a	-US$2m
Mar 31 2022	n/a	n/a	US$2m
Dec 31 2021	US$90k	n/a	-US$9m
Sep 30 2021	n/a	n/a	-US$13m
Jun 30 2021	n/a	n/a	-US$12m
Mar 31 2021	n/a	n/a	-US$25m
Dec 31 2020	US$90k	n/a	-US$39m
Sep 30 2020	n/a	n/a	-US$37m
Jun 30 2020	n/a	n/a	-US$40m
Mar 31 2020	n/a	n/a	-US$38m
Dec 31 2019	US$90k	n/a	-US$15m
Sep 30 2019	n/a	n/a	-US$19m
Jun 30 2019	n/a	n/a	-US$28m
Mar 31 2019	n/a	n/a	-US$28m
Dec 31 2018	US$23k	n/a	-US$30m

Compensation vs Market: Bharat's total compensation ($USD1.05M) is above average for companies of similar size in the German market ($USD583.21K).

Compensation vs Earnings: Bharat's compensation has increased whilst the company is unprofitable.

CEO

Bharat Rao (58 yo)

2yrs

Tenure

US$1,050,793

Compensation

Mr. Bharat Rao serves as Global Chief Executive Officer of Startek, Inc. since January 27, 2022 and served as its President since October 13, 2021 until January 26, 2022. Mr. Rao serves as Non-Executive Di...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bharat Rao	Global CEO & Director	2yrs	US$1.05m	no data
Surender Gupta	Chief People Officer	no data	US$620.79k	0% $ 0
Neeraj Jain	Chief Financial Officer	less than a year	no data	0% $ 0
Gurpal Singh	Chief Operating Officer	less than a year	no data	no data
P. Reddy	Chief Technology Officer	no data	no data	no data
Murali Ramachandran	Chief Information Officer	1.1yrs	no data	no data
Rebecca Gautrey	Chief Marketing Officer	2.2yrs	no data	no data
Abhinandan Jain	Chief Growth Officer	2.2yrs	no data	no data
Ankul Agarwal	Chief of Staff	no data	no data	no data

1.5yrs

Average Tenure

57yo

Average Age

Experienced Management: K2R's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Bharat Rao	Global CEO & Director	5.5yrs	US$1.05m	no data
Albert Aboody	Independent Chairman of the Board	4.8yrs	US$135.00k	0.032% $ 51.6k
Sudip Banerjee	Director	1.5yrs	US$45.00k	0.073% $ 118.6k
Sanjay Chakrabarty	Director	5.5yrs	US$90.00k	0.10% $ 167.1k
Anupam Pahuja	Independent Director	1.2yrs	no data	0.051% $ 83.2k
Mukesh Sharda	Director	5.5yrs	US$90.00k	0.10% $ 167.1k
Jerry Schafer	Independent Director	4.8yrs	US$135.00k	0% $ 0
Nallathur Balasubramanian	Independent Director	1.2yrs	no data	0.051% $ 83.2k

4.8yrs

Average Tenure

58yo

Average Age

Experienced Board: K2R's board of directors are considered experienced (4.8 years average tenure).

Startek Management

Management criteria checks 1/4

Key information

Recent management updates

Startek, Inc. Announces Executive Changes

Less than half of directors are independent

Startek, Inc. Approves Election of Anupam Pahuja and N S Balasubramanian as Directors

Startek, Inc., Annual General Meeting, Nov 21, 2022

Startek, Inc. Appoints Sudip Bannerjee as Director and Member of Nominating and Governance Committee

Less than half of directors are independent

Recent updates

Startek, Inc. Files Form 15

CSP Fund II LP, managed by Capital Square Partners Pte Ltd completed the acquisition of remaining 42.87% stake in Startek, Inc. (NYSE:SRT) from MCI Capital, LC, MCI, LC, Iowa City Capital Partners, LC and others.

Startek to Be Delisted Upon Completion of Transaction

New major risk - Share price stability

Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.046 profit in 2Q 2022)

Startek, Inc. to Report Q2, 2023 Results on Aug 10, 2023

New major risk - Share price stability

Startek, Inc. Announces Executive Changes

First quarter 2023 earnings released: US$0.078 loss per share (vs US$0.031 loss in 1Q 2022)

Full year 2022 earnings released: US$0.17 loss per share (vs US$0.037 profit in FY 2021)

MCI Capital, LC completed the acquisition of a 7.3% stake in Startek, Inc. (NYSE:SRT) for $12.4 million.

Less than half of directors are independent

Startek, Inc. Approves Election of Anupam Pahuja and N S Balasubramanian as Directors

Startek, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Startek, Inc., Annual General Meeting, Nov 21, 2022

Capital Square Partners Pte Ltd cancelled the acquisition of the remaining 44% stake in Startek, Inc. (NYSE:SRT).

Capital Square Partners Pte Ltd made a non-binding proposal to acquire the remaining 44% stake in Startek, Inc. (NYSE:SRT) for $82.6.

Capital Square Partners Pte Ltd cancelled the acquisition of the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others.

Startek, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Startek, Inc. Expands Product Platform to Enhance Employee Experience for Stronger Customer Engagement

Investor sentiment improved over the past week

Startek, Inc. Appoints Sudip Bannerjee as Director and Member of Nominating and Governance Committee

Startek, Inc.(NYSE:SRT) dropped from Russell 2000 Dynamic Index

Investor sentiment improved over the past week

First quarter 2022 earnings released: US$0.031 loss per share (vs US$0.30 loss in 1Q 2021)

StarTek, Inc. to Report Q1, 2022 Results on May 09, 2022

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

StarTek, Inc. to Report Q4, 2021 Results on Mar 10, 2022

Startek® Appoints Jayanta Lahiri as Global Chief Information Officer

StarTek, Inc. Appoints Bharat Rao as Head of Business Transformation

Capital Square Partners Pte Ltd entered into a non-binding proposal to acquire the remaining 44.69% stake in StarTek, Inc. (NYSE:SRT) from Advance Crest Investments Limited and others for $98.5 million.

Forecast to breakeven in 2022

Forecast breakeven moved forward to 2021

Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.14 loss in 2Q 2020)

Executive Chairman & Global CEO recently bought €57k worth of stock

Executive Chairman & Global CEO recently bought €57k worth of stock

First quarter 2021 earnings released: US$0.30 loss per share (vs US$0.69 loss in 1Q 2020)

President Rajiv Ahuja has left the company

Full year 2020 earnings released: US$0.99 loss per share (vs US$0.39 loss in FY 2019)

StarTek, Inc. to Report Q4, 2020 Results on Mar 15, 2021

Chief Financial Officer has left the company

Startek Appoints Vikash Sureka as Global Chief Financial Officer

New 90-day high: €6.95

Revenue beats expectations

New 90-day high: €5.05

Third quarter 2020 earnings released: EPS US$0.009

StarTek, Inc. to Report Q3, 2020 Results on Nov 09, 2020

New 90-day high - €4.70

First half earnings released

StarTek, Inc. to Report Q2, 2020 Results on Aug 10, 2020

StarTek, Inc. announced that it has received $7.5 million in funding from CSP Victory Limited

CEO Compensation Analysis

CEO

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Compensation

Leadership Team

Average Tenure

Average Age

Board Members

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