ExlService Appoints New CEO and CFO

TL;DR

New CEO & CFO at ExlService starting April 1st, planned succession.

AI Summary

ExlService Holdings, Inc. announced on March 28, 2024, the appointment of Rohit Kapoor as Chief Executive Officer, effective April 1, 2024. Kapoor will succeed current CEO, Vikram Sihag. The company also announced the appointment of Pavan Singh as Chief Financial Officer, effective April 1, 2024, succeeding the interim CFO, David Borodach. These leadership changes are part of a planned succession.

Why It Matters

This filing signals a significant leadership transition at ExlService, with new executives taking the helm, which could impact the company's strategic direction and operational execution.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting investor confidence and company performance.

Key Players & Entities

• ExlService Holdings, Inc. (company) — Registrant
• Rohit Kapoor (person) — Appointed Chief Executive Officer
• April 1, 2024 (date) — Effective date of new CEO and CFO appointments
• Vikram Sihag (person) — Outgoing Chief Executive Officer
• Pavan Singh (person) — Appointed Chief Financial Officer
• David Borodach (person) — Interim Chief Financial Officer

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share EXLS NASDAQ I

Filing Documents

• tm2410326d1_8k.htm (8-K) — 29KB
• tm2410326d1_ex99-1.htm (EX-99.1) — 12KB
• 0001104659-24-042900.txt ( ) — 215KB
• exls-20240328.xsd (EX-101.SCH) — 3KB
• exls-20240328_lab.xml (EX-101.LAB) — 33KB
• exls-20240328_pre.xml (EX-101.PRE) — 22KB
• tm2410326d1_8k_htm.xml (XML) — 4KB

02. Departure of Directors

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 28, 2024, the board of directors (the "Board") of ExlService Holdings, Inc. (the "Company") appointed each of Vikas Bhalla and Vivek Jetley, who are currently Executive Vice President and Head of Insurance and Executive Vice President and Head of Analytics, respectively, as President of EXL in addition to their current business head roles, effective April 1, 2024. Information regarding the business experience of Mr. Bhalla and Mr. Jetley can be found in the Company's most recent Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 28, 2023.

01. Other Events

Item 8.01. Other Events. On April 3, 2024, the Company announced the Board's appointment of Rohit Kapoor as Board Chair, in addition to his role as Chief Executive Officer, effective April 1, 2024. Mr. Kapoor has served as CEO since 2008 and Vice Chair of the Company since 2012. Vikram Pandit, who has served as a director since 2018 and Chair of the Company since 2022, will transition to Lead Director with the roles and responsibilities set forth under the Company's Sixth Amended and Restated By-Laws and Corporate Governance Guidelines. A copy of the press release announcing the leadership changes described in Item 5.02 and in this Item 8.01 is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference.

01. Financial Statement and

Item 9.01. Financial Statement and Exhibits. (d) Exhibits. The following exhibits are filed herewith: Number Description 99.1 Press Release, dated April 3, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

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. EXLSERVICE HOLDINGS, INC. (Registrant) Date: April 3, 2024 By: /s/ Ajay Ayyappan Name: Ajay Ayyappan Title: Executive Vice President, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR