-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HRqwjR8KJZuh6wkrCNZ/bNBx0WQE3VI5wmTy9qYJsssI1VlFIF8i9tetO+y04ebX PR9y/MdSkigJdDdw1YdkRw== 0000950124-05-003046.txt : 20050506 0000950124-05-003046.hdr.sgml : 20050506 20050506141839 ACCESSION NUMBER: 0000950124-05-003046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050502 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050506 DATE AS OF CHANGE: 20050506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNTEL INC CENTRAL INDEX KEY: 0001040426 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 382312018 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22903 FILM NUMBER: 05807119 BUSINESS ADDRESS: STREET 1: 525 EAST BIG BEAVER ROAD STREET 2: SUITE 300 CITY: TROY STATE: MI ZIP: 48083 BUSINESS PHONE: 2486193524 MAIL ADDRESS: STREET 1: 525 EAST BIG BEAVER ROAD STREET 2: SUITE 300 CITY: TROY STATE: MI ZIP: 48083 8-K 1 k95063e8vk.txt CURRENT REPORT, DATED MAY 2, 2005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) May 2, 2005 ------------------------------ Syntel, Inc. - ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Michigan - ------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-22903 38-2312018 - ------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 525 E. Big Beaver Road, Suite 300, Troy, Michigan 48083 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (248) 619-2800 - ------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - ------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the follwing provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 1 Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Syntel, Inc. ("Syntel") appointed Revathy Ashok to Chief Financial Officer, effective May 2, 2005. Prior to joining Syntel, Ms. Ashok, age 46, served as Executive Vice President and Group Chief Financial Officer of Microland Group, an information technology services company specializing in IT infrastructure management and technical support services, from May 2001 to April 2005, where she was responsible for finance and accounting, treasury, taxation, risk management, and investor relations functions. Prior to that position, Ms. Ashok served as Director Business Development and Financial Controller for Tyco Electronics Corporation, India, a subsidiary of Tyco Electronics Corporation, USA, the Electronics Division of Tyco International and a manufacturer of electronic components and systems, from December 1993 to May 2001, where she was responsible for business development, finance, legal, secretarial, and corporate communications functions for the Tyco Electronics Group of companies in India and for its Middle Eastern subsidiary. Item 9.01 Financial Statements and Exhibits (c) Exhibits. Exhibit Number ------- 99.1 Press Release dated May 6, 2005 announcing the appointment of a new Chief Financial Officer. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Syntel, Inc. -------------------------------------- (Registrant) Date May 6, 2005 By /s/ Daniel M. Moore ---------------------- -------------------------------------- Daniel M. Moore, Chief Administrative Officer 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated May 6, 2005. 3 EX-99.1 2 k95063exv99w1.txt PRESS RELEASE, DATED MAY 6, 2005 Exhibit 99.1 SYNTEL APPOINTS NEW CHIEF FINANCIAL OFFICER TROY, Mich. - May 6, 2005 - Syntel, Inc., a global information technology services company, today named corporate finance veteran Revathy Ashok, to the position of Chief Financial Officer (CFO), effective immediately. The position had been previously held by Keshav Murugesh. Murugesh was promoted to COO in October 2004 and continued to perform CFO duties until a replacement was appointed. As CFO of Syntel, Revathy will oversee all global finance functions and have direct responsibility for leading all corporate accounting, tax, and treasury activities. Revathy joins Syntel's Leadership Team and will report directly to company CEO Bharat Desai. "We are pleased to have Revathy join the Syntel team in this key role," said Bharat Desai. "Syntel has a long history of strong financial performance and Revathy brings a track record of strong financial discipline and extremely profitable operations to Syntel. Her deep experience in global finance, strategy, alliances and joint ventures is invaluable to the Company and our plans for future growth." "I am very excited to join Syntel at this time of growth and unlimited potential," Revathy said. "I am impressed with Syntel's culture, market position, strong management team, and commitment to customer satisfaction. I look forward to contributing to our accelerated growth and continued success in the ITO and BPO sectors." Revathy joins Syntel from Microland Group, a privately-held IT infrastructure management services company. Since 2001, she has served as Executive Vice President and Group Chief Financial Officer, responsible for finance & accounting, treasury, taxation, risk management, strategic direction, and investor relations functions of Microland and its subsidiaries. She also provided strategic direction to the Group's plans for future growth - both organic and through strategic alliances, partnerships, synergistic acquisitions and other investment opportunities. Most recently she negotiated a successful funding round of $7.3 million for the company and another funding round of $2 million for a group company both from a combination of leading U.S.-based and Indian venture capitalists and investors. 4 From 1993 to 2001, Revathy served as Director Business Development and Financial Controller for an Indian subsidiary of a large U.S. electronic components manufacturing corporation. Revathy holds a Post-Graduate Diploma in Management from the Indian Institute of Management, Bangalore, where she was a gold medalist in her stream of specialization, and a Bachelor of Science degree from Mount Carmel College, Bangalore. ABOUT SYNTEL, INC. Syntel (NASDAQ: SYNT) is a leading global provider of custom outsourcing solutions in a broad spectrum of information technology and information technology-enabled services. The Company's vertical practices support the entire Design-Build-Operate-Optimize lifecycle of systems and processes for corporations in the Financial Services, Insurance, Retail, Health Care and Automotive industries. The first US-based firm to launch a Global Delivery Service to drive speed-to-market and quality advantages for its customers, Syntel now leverages this efficient model for the majority of its Global 2000 customers. Recently named one of Forbes Magazine's "Best 200 Small Companies in America," Syntel has more than 4,700 employees worldwide, is assessed at Level 5 of the SEI's CMM, BS 7799-2:2002 as well as ISO 9001:2000 certified. To learn more, visit us at www.syntelinc.com. Safe Harbor Provision This news release includes forward-looking statements, including with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's Annual Form 10-K document dated March 15, 2005. Factors that could cause results to differ materially from those set forth above include general trends and developments in the information technology industry, which is subject to rapid technological changes, and the Company's concentration of sales in a relatively small number of large customers, as well as intense competition in the information technology industry, which the Company believes will increase. 5 -----END PRIVACY-ENHANCED MESSAGE-----