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) October 8, 2014
Syntel, Inc.
(Exact name of registrant as specified in its charter)
Michigan | 000-22903 | 38-2312018 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
525 E. Big Beaver Road, Suite 300, Troy, Michigan | 48083 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (248) 619-2800
(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 obligation of the registrant under any of the following 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)) |
Item 8.01. | Other Events. |
On October 8, 2014, Syntel, Inc. (the Company) issued a press release announcing a two-for-one stock split of its Common Stock for shareholders of record as of October 20, 2014. The stock split will be effected by the distribution of one share of Common Stock for each share of Common Stock held of record on the record date. The additional shares will be distributed on or about November 3, 2014. A copy of the press release is attached to this Report as Exhibit 99.1.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit |
||
99.1 | Press Release dated October 8, 2014. |
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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 October 8, 2014 | By | /s/ Daniel M. Moore | ||||
Daniel M. Moore, Chief Administrative Officer |
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EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 |
Press Release dated October 8, 2014. |
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Exhibit 99.1
Syntel Announces a Two-for-One Stock Split
TROY, Mich. October 8, 2014 Syntel (Nasdaq:SYNT), a global provider of digital transformation, information technology and knowledge process services, today announced that its Board of Directors has approved a two-for-one stock split of its outstanding common shares.
An additional share will be issued for each existing common share on November 3, 2014 to shareholders of record on October 20, 2014. Syntel shares are expected to begin trading on a split-adjusted basis on November 4, 2014.
Syntels Board has approved this plan to help expand the market liquidity for the companys shares and to broaden its shareholder base, said Syntel Chairman Bharat Desai. At the same time, we remain committed to building shareholder value through a long-term focus on our customers and on financial and operational excellence.
About Syntel
Syntel (Nasdaq: SYNT) is a global provider of digital transformation, information technology and knowledge process services to Global 2000 companies. Syntels mission is to create new opportunities for clients by harnessing our passion, talent and innovation. We combine technology expertise, industry knowledge and a global delivery model to drive business value creation. Syntels Customer for Life philosophy drives our relentless focus to build long-term, collaborative client partnerships. To learn more, visit us at: www.syntelinc.com.
Safe Harbor Provision
This news release includes forward-looking statements, including those 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 Companys Annual Report on Form 10-K for the year ended December 31, 2013, the Companys Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 or from other factors not currently anticipated.
Contacts
Syntel (North America/Europe): Jon Luebke, (248) 619-3503, jon_luebke@syntelinc.com
Syntel (Asia/Pacific): Sikta Samantaray, +91 9167512186, sikta_samantaray@syntelinc.com