--- schema_version: "secwatch.filing_event.v1" accession: "0001140361-24-000842" form_type: "8-K" ticker: null cik: "0001031029" company_name: "Startek, Inc." filed_at: "2024-01-05T23:59:59+00:00" generated_at: "2026-06-07T02:51:55.480354+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Startek completes take-private acquisition by CSP at $4.30/share; stock delisted ## Summary - Merger effective Jan 5, 2024; each share converted into $4.30 cash, total consideration ~$74.4M. - Common stock delisted from NYSE, trading suspended before open on Jan 5, 2024. - Directors Albert Aboody, Sudip Banerjee, Jerry Schafer, Anupam Pahuja, N.S. Balasubramanian resigned; Bharat Rao remains CEO. - Amazon warrant to purchase 4M shares terminated upon closing. - Funds managed by Capital Square Partners completed the acquisition; company now private. ## SEC filing metadata - accession: 0001140361-24-000842 - form_type: 8-K - cik: 0001031029 - company_name: Startek, Inc. - filed_at: 2024-01-05T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/ny20017658x1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001140361-24-000842 - JSON: https://secwatch.observer/filing/0001140361-24-000842.json - Plain text: https://secwatch.observer/filing/0001140361-24-000842.txt ## Key facts - Executive change Sudip Banerjee resigned as Director at Startek, Inc.. - Action: resigned - Role: Director source text: Pursuant to the Merger Agreement, effective upon the consummation of the Merger, each of Albert Aboody, Sudip Banerjee, Jerry Schafer, Anupam Pahuja and Nallathur S. Balasubramanian voluntarily resigned from the board of directors of the Company and the committees on which they served, if any. evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - Executive change Anupam Pahuja resigned as Director at Startek, Inc.. - Action: resigned - Role: Director source text: Pursuant to the Merger Agreement, effective upon the consummation of the Merger, each of Albert Aboody, Sudip Banerjee, Jerry Schafer, Anupam Pahuja and Nallathur S. Balasubramanian voluntarily resigned from the board of directors of the Company and the committees on which they served, if any. evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - Executive change Albert Aboody resigned as Director at Startek, Inc.. - Action: resigned - Role: Director source text: Pursuant to the Merger Agreement, effective upon the consummation of the Merger, each of Albert Aboody, Sudip Banerjee, Jerry Schafer, Anupam Pahuja and Nallathur S. Balasubramanian voluntarily resigned from the board of directors of the Company and the committees on which they served, if any. evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - Executive change Jerry Schafer resigned as Director at Startek, Inc.. - Action: resigned - Role: Director source text: Pursuant to the Merger Agreement, effective upon the consummation of the Merger, each of Albert Aboody, Sudip Banerjee, Jerry Schafer, Anupam Pahuja and Nallathur S. Balasubramanian voluntarily resigned from the board of directors of the Company and the committees on which they served, if any. evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - Executive change Nallathur S. Balasubramanian resigned as Director at Startek, Inc.. - Action: resigned - Role: Director source text: Pursuant to the Merger Agreement, effective upon the consummation of the Merger, each of Albert Aboody, Sudip Banerjee, Jerry Schafer, Anupam Pahuja and Nallathur S. Balasubramanian voluntarily resigned from the board of directors of the Company and the committees on which they served, if any. evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - Governance Changes Startek, Inc.: Amended and restated the Bylaws following the merger effective time (effective 2024-01-05). - Change: bylaw amendment - Effective: 2024-01-05 source text: In addition, promptly following Effective Time, the Amended and Restated Bylaws of the Company as in effect immediately prior to the Effective Time were amended and restated in their entirety to be in the form attached hereto as Exhibit 3.2 (the “Amended and Restated Bylaws”). evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - Governance Changes Startek, Inc.: Amended and restated the Certificate of Incorporation following the merger effective time (effective 2024-01-05). - Change: charter amendment - Effective: 2024-01-05 source text: Promptly following the Effective Time, the Restated Certificate of Incorporation of the Company that was in effect immediately before the Effective Time was amended and restated to be in the form attached hereto as Exhibit 3.1 (the “Amended and Restated Certificate of Incorporation”). evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm - M&A Transactions Startek, Inc. underwent a change of control involving Stockholm Parent, LLC / Merger Sub / CSP Alpha Holdings Parent Pte Ltd and CSP Victory Limited for $4.30 in cash, without interest (closed 2024-01-05). - Action: change of control - Counterparty: Stockholm Parent, LLC / Merger Sub / CSP Alpha Holdings Parent Pte Ltd and CSP Victory Limited - Consideration: $4.30 in cash, without interest - Closing: 2024-01-05 source text: respective subsidiaries and (ii) shareholders of the Company who have properly exercised their dissenters’ rights under Delaware law) was converted into the right to receive $4.30 in cash, without interest (the “Merger Consideration”). Immediately prior to the Effective Time, each outstanding option to purchase shares granted under a Company Stock Plan (as evidence_url: https://www.sec.gov/Archives/edgar/data/1031029/000114036124000842/0001140361-24-000842-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.