{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-030831","form_type":"8-K","ticker":"EXLS","cik":"0001297989","company_name":"ExlService Holdings, Inc.","filed_at":"2026-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.741050+00:00","generated_at":"2026-05-15T09:49:59.940995+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"EXLS enters $125M accelerated share repurchase; director Sahney to step down","bullets":["Entered $125M accelerated share repurchase with Morgan Stanley under $500M board authorization.","Received initial 3,346,720 shares (~$100M based on March 16 close); final settlement by Q2 2026.","Director Nitin Sahney will not stand for re-election at 2026 annual meeting; no disagreement cited.","Transaction funded with cash on hand and existing credit facility.","Repurchase expected to reduce diluted share count; price based on VWAP less discount."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-030831","json":"https://secwatch.observer/filing/0001104659-26-030831.json","markdown":"https://secwatch.observer/filing/0001104659-26-030831.md","text":"https://secwatch.observer/filing/0001104659-26-030831.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297989/000110465926030831/0001104659-26-030831-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297989/000110465926030831/tm269205d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:49:59.940995+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":"dcfcc9d2c4f9d370ceb516d5b51871b2c313e4ba","claim":"ExlService Holdings, Inc. entered into ASR Agreement with Morgan Stanley & Co. LLC valued at $125 million (effective 2026-03-16).","evidence_excerpt":"On March 16, 2026, ExlService Holdings, Inc. (the “ Company ”) entered into a fixed dollar accelerated share repurchase transaction (the “ ASR Transaction ”) pursuant to a confirmation (the “ ASR Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”) to repurchase an aggregate of $125 million of shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297989/000110465926030831/0001104659-26-030831-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC"},{"label":"Value","value":"$125 million"},{"label":"Effective","value":"2026-03-16"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}