secwatch.observer — SEC 8-K summary
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Issuer:     ExlService Holdings, Inc. (EXLS)
CIK:        0001297989
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001104659-24-035232
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ExlService enters $125M accelerated share repurchase with Citibank under $500M buyback program
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297989/000110465924035232/0001104659-24-035232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297989/000110465924035232/tm248965d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-035232

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