{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-035232","form_type":"8-K","ticker":"EXLS","cik":"0001297989","company_name":"ExlService Holdings, Inc.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.709966+00:00","generated_at":"2026-06-04T14:39:37.600961+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ExlService enters $125M accelerated share repurchase with Citibank under $500M buyback program","bullets":["Company pays Citibank $125 million upfront for initial share delivery under ASR agreement.","Transaction part of previously announced $500 million common stock repurchase program.","Final share count based on daily VWAP over pricing period, subject to adjustments.","Funding from available cash or credit facility; Citibank may deliver additional shares or receive cash at settlement.","Agreement includes standard terms for accelerated buyback, executed on March 15, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-035232","json":"https://secwatch.observer/filing/0001104659-24-035232.json","markdown":"https://secwatch.observer/filing/0001104659-24-035232.md","text":"https://secwatch.observer/filing/0001104659-24-035232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297989/000110465924035232/0001104659-24-035232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297989/000110465924035232/tm248965d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T14:39:37.600961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"86665ba102b21c5b4075a3a7e20450002e22b2b9","claim":"ExlService Holdings, Inc. entered into ASR Agreement with Citibank, N.A. valued at $125 million (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024, ExlService Holdings, Inc. (the “Company”) entered into a master confirmation (the “Master ASR Confirmation”) and a supplemental confirmation (together with the Master ASR Confirmation, the “ASR Agreement”), with Citibank, N.A. (“Citibank”), as part of the Company’s previously announced $500 million common stock repurchase program. Under the ASR Agreement, the Company will pay an aggregate amount of $125 million to Citibank for an initial number of shares of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297989/000110465924035232/0001104659-24-035232-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Value","value":"$125 million"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}