0001193125-14-366185.txt : 20141008 0001193125-14-366185.hdr.sgml : 20141008 20141008083029 ACCESSION NUMBER: 0001193125-14-366185 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141008 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141008 DATE AS OF CHANGE: 20141008 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: 141146880 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 d801262d8k.htm 8-K 8-K

 

 

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)

Registrant’s 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
Number

     
99.1    Press Release dated October 8, 2014.

 

2

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

 

3

EXHIBIT INDEX

 

Exhibit
No.		    Description

99.1

    Press Release dated October 8, 2014.

 

4

EX-99.1 2 d801262dex991.htm EX-99.1 EX-99.1

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.

“Syntel’s Board has approved this plan to help expand the market liquidity for the company’s 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. Syntel’s 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. Syntel’s “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 Company’s Annual Report on Form 10-K for the year ended December 31, 2013, the Company’s 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