{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-009770","form_type":"8-K","ticker":null,"cik":"0001031029","company_name":"Startek, Inc.","filed_at":"2023-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.683569+00:00","generated_at":"2026-06-17T04:26:42.812131+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Startek completes sale of 51% stake in CCC for ~$69M cash; plans $55M debt prepayment","bullets":["Sold 51% interest in Contact Center Company (CCC) to Solutions; received ~$68.9M in cash, subject to working capital adjustments.","Enterprise value for Startek's stake was ~$61.5M; total CCC enterprise value ~$120M (SAR 450M).","Expects pre-tax gain on sale of ~$15.5M; tax impact ~$6.6M.","Will apply $55M of proceeds to prepay senior term loan facility to improve balance sheet.","CEO Bharat Rao says this results in the strongest balance sheet in five years; focus on core business."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-009770","json":"https://secwatch.observer/filing/0001437749-23-009770.json","markdown":"https://secwatch.observer/filing/0001437749-23-009770.md","text":"https://secwatch.observer/filing/0001437749-23-009770.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031029/000143774923009770/0001437749-23-009770-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031029/000143774923009770/srt20230407_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:26:42.812131+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":"8f67255f34d84c0be90fb39e8076726ef818c2f0","claim":"Startek, Inc. completed a disposition involving Arabian Internet and Communications Services Company for enterprise value of approximately $61.5 million (closed 2023-04-03).","evidence_excerpt":"Communications Services Company (Solutions). Effective today, Solutions has acquired 51% Startek stake in Contact Center Company (CCC) for an enterprise value of approximately $61.5 million. Solutions will also acquire the remaining 49% stake from the Company’s joint venture partner, Saudi Telecom Company (STC). Startek plans to use $55 million from the net proceeds","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031029/000143774923009770/0001437749-23-009770-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Arabian Internet and Communications Services Company"},{"label":"Consideration","value":"enterprise value of approximately $61.5 million"},{"label":"Closing","value":"2023-04-03"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}