| | | |
By Order of the Board of Directors
|
|
| | | |
![]() |
|
| | | |
Par Chadha
Executive Chairman |
|
| | | | June 1, 2022 | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 1 | | | |
| | | | 7 | | | |
| | | | 8 | | | |
| | | | 8 | | | |
| | | | 8 | | | |
| | | | 8 | | | |
| | | | 9 | | | |
| | | | 12 | | | |
| | | | 12 | | | |
| | | | 13 | | | |
| | | | 13 | | | |
| | | | 13 | | | |
| | | | 13 | | | |
| | | | 14 | | | |
| | | | 14 | | | |
| | | | 17 | | | |
| | | | 20 | | | |
| | | | 21 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 25 | | | |
| | | | 25 | | | |
| | | | 26 | | | |
| | | | 27 | | | |
| | | | 32 | | | |
| | | | 33 | | | |
| | | | 34 | | | |
| | | | 34 | | | |
| | | | 34 | | | |
| | | | 35 | | |
| | |
Page
|
| |||
| | | | 42 | | | |
| | | | 42 | | | |
| | | | 42 | | | |
| | | | 43 | | | |
| | | | 43 | | | |
| | | | 43 | | | |
| | | | 43 | | | |
| | | | 44 | | | |
| | | | 45 | | | |
| | | | 51 | | | |
| | | | 53 | | | |
| | | | 56 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 59 | | | |
| | | | 59 | | | |
| | | | 59 | | | |
| | | | A-1 | | | |
| | | | B-1 | | |
Name
|
| |
Age
|
| |
Class
|
| |
Positions and Offices
Held With the Company |
|
Sharon Chadha
|
| |
67
|
| |
A
|
| | Director | |
J. Coley Clark
|
| |
76
|
| |
A
|
| | Director | |
Ronald C. Cogburn
|
| |
66
|
| |
A
|
| | Director | |
Marc A. Beilinson
|
| |
64
|
| |
B
|
| | Director | |
John H. Rexford
|
| |
65
|
| |
B
|
| | Director | |
James G. Reynolds
|
| |
53
|
| |
B
|
| | Director | |
Martin P. Akins
|
| |
55
|
| |
C
|
| | Director | |
Par S. Chadha
|
| |
67
|
| |
C
|
| |
Director, Executive Chairman
|
|
William L. Transier
|
| |
67
|
| |
C
|
| | Director | |
Board Diversity Matrix
|
| |||||||||||||||
Total Number of Directors
|
| | | | | | | | | | 9 | | | | | |
Part I: Gender Identity | | | | | | | | | | | | | | | | |
| | |
Female |
| |
Male |
| |
Non-Binary |
| |
Did Not
Disclose Gender |
| ||||||
Directors
|
| | | | 1 | | | | | | 8 | | | | | | | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | |
African American or Black
|
| | | | | | | | | | | | | | | | | | |
Alaskan Native or American Indian
|
| | | | | | | | | | | | | | | | | | |
Asian
|
| | | | | | | | | | 1 | | | | | | | | |
Hispanic or Latinx
|
| | | | | | | | | | | | | | | | | | |
Native Hawaiian or Pacific Islander
|
| | | | | | | | | | | | | | | | | | |
White
|
| | | | 1 | | | | | | 7 | | | | | | | | |
Two or More Races or Ethnicities
|
| | | | | | | | | | | | | | | | | | |
LGBTQ+ | | | | | | | | | | | | | | | | | | | |
Did Not Disclose Demographic Background
|
| | | | | | | | | | | | | | | | | | |
Name
|
| |
Fees earned or
paid in cash ($) |
| |
Stock Awards
($)(1) |
| |
Total ($)
|
| |||||||||
Martin Akins
|
| | | $ | 150,333 | | | | | $ | 110,000 | | | | | $ | 260,333 | | |
Marc Beilinson
|
| | | $ | 288,333 | | | | | $ | 110,000 | | | | | $ | 398,333 | | |
Sharon Chadha(2)
|
| | | $ | 22,043 | | | | | $ | 174,361 | | | | | $ | 196,404 | | |
J. Coley Clark
|
| | | $ | 190,333 | | | | | $ | 110,000 | | | | | $ | 300,333 | | |
John Rexford
|
| | | $ | 130,333 | | | | | $ | 110,000 | | | | | $ | 240,333 | | |
James Reynolds
|
| | | $ | 380,958 | | | | | | — | | | | | $ | 380,958 | | |
William Transier
|
| | | $ | 398,333 | | | | | | — | | | | | $ | 398,333 | | |
Name
|
| |
Aggregate Number of
Restricted Stock Units Outstanding as of December 31, 2021(1) |
| |||
Martin Akins(2)
|
| | | | 138,227 | | |
Marc Beilinson
|
| | | | 125,000 | | |
Sharon Chadha(3)
|
| | | | 88,346 | | |
J. Coley Clark
|
| | | | 125,000 | | |
John Rexford
|
| | | | 125,000 | | |
| | |
Monthly
|
| |
Annualized(3)
|
| ||||||
Cash Retainer for Board Membership*
|
| | | $ | 8,333 | | | | | $ | 100,000 | | |
Cash Retainer for Board Chairman*
|
| | | $ | 20,417 | | | | | $ | 245,000 | | |
Cash Retainer for Audit Committee Member (other than the Chair)(1)
|
| | | $ | 1,667 | | | | | $ | 20,000 | | |
Cash Retainer for Audit Committee Chair(1)
|
| | | $ | 2,500 | | | | | $ | 30,000 | | |
Cash Retainer for Compensation Committee Member (other than the Chair)(1)
|
| | | $ | 1,042 | | | | | $ | 12,500 | | |
Cash Retainer for Compensation Committee Chair(1)
|
| | | $ | 1,667 | | | | | $ | 20,000 | | |
| | |
Monthly
|
| |
Annualized(3)
|
| ||||||
Cash Retainer for Nominating and Corporate Governance Committee (other than Chair)(1)
|
| | | $ | 1,042 | | | | | $ | 12,500 | | |
Cash Retainer for Nominating and Corporate Governance Committee Chair(1)
|
| | | $ | 1,667 | | | | | $ | 20,000 | | |
Cash Retainer for Strategic Transactions Committee(2)
|
| | | $ | 15,000 | | | | | $ | 180,000 | | |
|
Initial Equity Award (other than the Chair)(1)
|
| | | $ | 150,000 | | |
|
Initial Equity Award Chair(1)
|
| | | $ | 200,000 | | |
|
Annual Equity Award (Other than the Chair)(2)(3)(4)
|
| | | $ | 110,000 | | |
|
Annual Equity Award Chair(2)(3)(4)
|
| | | $ | 140,000 | | |
| Current Members: | | | William L. Transier (Chairman), Marc A. Beilinson and J. Coley Clark | |
|
Number of Meetings in 2021:
|
| | 7 | |
| Current Members: | | | J. Coley Clark (Chairman), Martin P. Akins and John H. Rexford | |
|
Number of Meetings in 2021:
|
| | 3 | |
| Current Members: | | | Martin P. Akins (Chairman), J. Coley Clark, James G. Reynolds | |
|
Number of Meetings in 2021:
|
| | 1 | |
| Members: | | | Marc A. Beilinson and William L. Transier | |
|
Number of Meetings in 2021:
|
| | Several times monthly, as needed | |
| Current Members: | | | Sharon Chadha | |
|
Number of Meetings in 2021:
|
| | 0 | |
Name/Category of Individual
|
| |
Dollar Value
|
| |
Number of Units
|
| ||||||
Ronald C. Cogburn, Former Chief Executive Officer, Board Member
|
| | | | — | | | | | | — | | |
Shrikant Sortur, Chief Financial Officer
|
| | | | — | | | | | | — | | |
Par Chadha, Executive Chairman(1)
|
| | | | — | | | | | | 8,500,000 | | |
All current executive officers as a group(1)
|
| | | | — | | | | | | 8,500,000 | | |
All non-employee directors as a group(2)
|
| | | | — | | | | | | 686,831 | | |
All current employees (other than executive officers) as a group
|
| | | | — | | | | | | — | | |
Plan Category
|
| |
Number of
Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights |
| |
Weighted
Average Exercise Price of Outstanding Options, Warrants and Rights |
| |
Number of
Securities Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities) reflected in first column) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 11,314,307 | | | | | | 11.78 | | | | | | 6,216,221 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 11,314,307 | | | | | | 11.78 | | | | | | 6,216,221 | | |
Name and principal position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($)(1) |
| |
Stock
awards ($)(2) |
| |
All other
compensation ($)(3) |
| |
Total
($) |
| ||||||||||||||||||
Ronald C. Cogburn
Chief Executive Officer
|
| | | | 2021 | | | | | $ | 422,500 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 422,500 | | |
| | | 2020 | | | | | $ | 411,750 | | | | | $ | 325,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 736,750 | | | ||
Shrikant Sortur
Chief Financial Officer
|
| | | | 2021 | | | | | $ | 390,000 | | | | | $ | 773,040 | | | | | $ | 77,700 | | | | | $ | — | | | | | $ | 1,240,740 | | |
| | | 2020 | | | | | $ | 380,077 | | | | | $ | 660,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,040,077 | | | ||
Par S. Chadha
Executive Chairman
|
| | | | 2021(4) | | | | | $ | 561,424 | | | | | $ | 1,622,000 | | | | | $ | 12,847,500 | | | | | $ | 1,080,000 | | | | | $ | 16,110,925 | | |
| | | 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Number of
securities underlying unexercised options (#) exercisable |
| |
Equity
incentive plan awards: Number of securities underlying unexercised unearned options (#) |
| |
Option
exercise price ($) |
| |
Option
expiration date |
| |
Number of
shares or units of stock that have not vested (#)(3) |
| |
Market
value of shares of units of stock that have not vested ($)(4) |
| |
Equity
incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)(3) |
| |
Equity
incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(4) |
| ||||||||||||||||||||||||
Ronald Cogburn
|
| | | | 14,800 | | | | | | 22,200(1) | | | | | | 17.94 | | | | | | 8/31/28 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 14,800 | | | | | | 22,200(2) | | | | | | 3.90 | | | | | | 8/26/29 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Shrikant Sortur
|
| | | | 10,240 | | | | | | 15,360(1) | | | | | | 17.94 | | | | | | 8/31/28 | | | | | | 30,000 | | | | | $ | 26,400 | | | | | | — | | | | | | — | | |
| | | 10,240 | | | | | | 15,360(2) | | | | | | 3.90 | | | | | | 8/26/29 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
Par Chadha
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 159,091 | | | | | $ | 140,000 | | | | | | 8,500,000 | | | | | $ | 7,480,000 | | |
Name
|
| |
Age
|
| |
Positions Held
|
|
Shrikant Sortur | | |
49
|
| | Chief Financial Officer | |
Suresh Yannamani | | |
57
|
| | President | |
Mark D. Fairchild | | |
62
|
| | President, Exela Smart Office | |
Srini Murali | | |
49
|
| | President, Americas and APAC | |
Vitalie Robu | | |
50
|
| | President, EMEA | |
Par Chadha* | | |
67
|
| | Executive Chairman | |
Name of Individual
|
| |
Ownership(1)
|
| |
Percent of
Class(1) |
| ||||||
Par S. Chadha(2)(12)
|
| | | | 12,027,985 | | | | | | 2.6% | | |
Sharon Chadha(3)(12)
|
| | | | 12,027,985 | | | | | | 2.6% | | |
James G. Reynolds(4)
|
| | | | 1,180,477 | | | | | | * | | |
Martin P. Akins(5)(12)
|
| | | | 241,002 | | | | | | * | | |
Marc A. Beilinson(6)(12)
|
| | | | 225,438 | | | | | | * | | |
John H. Rexford(7)(12)
|
| | | | 213,558 | | | | | | * | | |
J. Coley Clark(8)(12)
|
| | | | 204,713 | | | | | | * | | |
William L. Transier(9)
|
| | | | 164,215 | | | | | | * | | |
Ronald C. Cogburn(10)
|
| | | | 155,746 | | | | | | * | | |
Shrikant Sortur(11)
|
| | | | 116,973 | | | | | | * | | |
All directors, named executive officers and other executive officers as a group (14 persons)
|
| | | | 15,125,754 | | | | | | 3.3% | | |
Name of Individual
|
| |
Ownership(1)
|
| |
Percent of
Class(1) |
| ||||||
Par S. Chadha(2)
|
| | | | 1,412,897 | | | | | | 50.9% | | |
Sharon Chadha(2)
|
| | | | 1,412,897 | | | | | | 50.9% | | |
James G. Reynolds(3)
|
| | | | 114,770 | | | | | | 4.1% | | |
Martin P. Akins
|
| | | | — | | | | | | — | | |
Marc A. Beilinson
|
| | | | — | | | | | | — | | |
John H. Rexford
|
| | | | — | | | | | | — | | |
J. Coley Clark
|
| | | | — | | | | | | — | | |
William L. Transier
|
| | | | — | | | | | | — | | |
Ronald C. Cogburn(4)
|
| | | | 10,494 | | | | | | * | | |
Shrikant Sortur
|
| | | | 393 | | | | | | * | | |
All directors, named executive officers and other executive officers as a group (14 persons)
|
| | | | 1,559,795 | | | | | | 56.1% | | |
Name of Individual
|
| |
Ownership(1)
|
| |
Percent of
Class (1) |
| ||||||
Par S. Chadha(2)
|
| | | | 550,340 | | | | | | 18.2% | | |
Sharon Chadha(2)
|
| | | | 550,340 | | | | | | 18.2% | | |
James G. Reynolds(3)
|
| | | | 37,500 | | | | | | 1.2% | | |
Martin P. Akins
|
| | | | 1,270 | | | | | | * | | |
Marc A. Beilinson
|
| | | | 1,425 | | | | | | * | | |
John H. Rexford
|
| | | | 3,234 | | | | | | * | | |
J. Coley Clark
|
| | | | 1,131 | | | | | | * | | |
William L. Transier
|
| | | | 2,000 | | | | | | * | | |
Ronald C. Cogburn(4)
|
| | | | 3,847 | | | | | | * | | |
Shrikant Sortur
|
| | | | 1,366 | | | | | | * | | |
All directors, named executive officers and other executive officers as a group (14 persons)
|
| | | | 616,432 | | | | | | 20.3% | | |
1H7*"DC-#8R46
M0& TM-26L<&B@Z-$5)10X615)M87$@$ "@$P$ 0,#
M P,$ @,! 0$ !$0 A,1 @03!184#P<6"!D:%0L<'1X8#Q>M/H !K>85LVFERF?0 ?#IT\)IW,>[E 'FS5"
ML3G<&QT;!G] %0#4PT #
M7^TC+)[!W>#R+\=SWO&+Z%=&9'0AD="5967>K*PWA@=DB^5O\PXY1P_)_,7?
M7PJ]7N%WO8\C"47VH[TQC[@[18^TPY38BV/7,3.=06XJ
]N-U%/B8Q HE0M,->1,@A _] 3\[+__V@ ( 0(# 3\0_:K_V@ ( 0,# 3\0_:K_V0$! end
D!
M\@'Z @,"# (4 AT")@(O C@"00)+ E0"70)G G$">@*$ HX"F *B JP"M@+!
M LL"U0+@ NL"]0, PL#%@,A RT#. -# T\#6@-F W(#?@.* Y8#H@.N [H#
MQP/3 ^ #[ /Y! 8$$P0@!"T$.P1(!%4$8P1Q!'X$C 2:!*@$M@3$!-,$X03P
M!/X%#044%]@8&!A8&)P8W!D@&
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M',P<]1T>'4<=:AZ4'KX>Z1\3'SX?:1^4'[\?ZB 5($$@
M;""8(,0@\"$<(4@A=2&A( &YXS'DJ>8EYYWI&
M>J5[!'MC>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P@I*"
M](-7@[J$'82 A..%1X6KA@Z& @0]"5X% A"IS0,3E 6/VX_9@_;!B^($8MKXN9@DKG
M9"%7AU YW>C4"3L?HM;W27*[DSCWH-$RT(\T%@!MI#)E- "-0!\=_MH_\B^_
M_7O>?^B:HSD?S2ZK_P ?#_A_(4B2E3$!IE']"?\ P3\_Y 4G_7[-_P"B8:&)
M'Z.DX%2:#-] PWT *#NI#'%NP[4Q%>16D'/2@1X/\8/C5:?#&U#R[]_F(ORH
M&&'U'I3(;N?@I\=/VIKWXB2;(ROEE(\YB"G*EC_>/K2$?'D\WVIMQZF@8Q
M3BF A4M3 7I2 -VV@0XKNH ;QT'6A@.QYE(!I('6@9JZ)J\N@SK<0X#H21D9
M'((Z?C0!^J7[*_[:\NGR1:=?G*DPQC9 .B(0>=_L*!G[&^$/&$/BZ%9X=VUU
M1OFALX[FF.YV61FD42J: +"M0(?0 4 % !0 4 % !0 4 % !0 4 % !0 4
M % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!_(E^TI_R/'B3_
M +#>I_\ I7+0!^UG_!)G_D1[_P#[#=Q_Z26= 'Z@T % !0 4 % !0 4 % !0
M 4 % !0!^*?_ 6$_P"98_[BG_ME0!\4_P#!.W_DI^A_]OW_ *07- ']05 !
M0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0!^0O_!1#]D>]\6W*>+?#EI-=
MW4FV/4[>$M+*^U4BMYH8 I8X4>7,(R<*(I!%@7$M T?BG2*"@#ZQ^$?[;'C;
MX.1PVMI?_:K&'A;.]7SX@HC$2(KDK/'&@53'%%+'&K+]W#.&!6/V?_9G_;AT
M+]HN?^S3$^FZOL9Q:RNKI,%+9%O, AD94"O(C)&X!8HLB1R2*Q6/M:@1^$/_
M 58\07-SXGTO3G?-K!I@GBCVK\LMQ/*DK;L;CN6"(8)*C9E0"S%D4C\MZ!G
M]&__ 3?\*P>'OA[:7,3.7U&YN[F8,00KK*;4!, $+LMT)#%CO+'."%5DL^[
MZ!!0 4 % !0 4 ?BG_P52^+D>H7.G>%+6;=]FW7M]&/+91*Z[+92P)D218S,
M[1D(ICGB?Y\J4!H_(6D4?TH?\$_?AJ_PX\!633!UGU-WU&16=& $X58"FSHK
M01PR%6+.KNP;:?D5DL^ _P#@J1\($\/:S9>*+9'V:FA@NR$ #])N-+M)(WGGB1A_K%8%9UR 0 .BGO02V?@'K>J/K=S+ 2"V@GVPWG[R2W1$C='F;A46
M!7Q'L$:$ ']"-,D_"'_@JQX@N;GQ/I>G.^;6#3!/%'M7Y9;B>5)6W8W'#:BWD
MW J 7*88Y4G:5 L?9/PR_X*JZ?JL\%MXCTM[-&1%EO+:4SH)245G-NR+(D.
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M2=6:(^;
*_V_O#OA>5HO*DGPS#,
* .IT;QK>Z&VZ
M!PIY_A4]?J#0(^T_A9^WIXB\).L5U
MJKN/4CVH%<_>#]G']D"Q\"PQW-]$K2Y5]LD$1^]$%///
]U'1M,N[J3
M;YD\]E!+*^U0J[G="QPH"C).% X H NZY\*/#WB>"VMK_2M/N8+-/+M8IK2
M&1($PJ[(5="(UPB#:@ PJC&%& "[X1^'.B^ /-_L?3K*P\[;YOV6VB@\S9NV
M;_+5=VW
:-Y1.8$A>,(T:,WD3 M(#(54E3B)
MR P#;0#Z+^'/B[_A/]%T[6/*\G[?96UUY6[?Y?GQ+)LW[5W;=V-VU
H3:J7
MC7>B6XMP'MUN6R_\ !0+_ ))K
MK7_;E_Z76U (_)[]E;]N3_AF;19]'_LC[?YU[)=>;]L\C;OBACV;/L\N<>5G
M=N&=V-O&2AV/I?\ X>V_]2U_Y4__ +CIBL?K#\.?%W_"?Z+IVL>5Y/V^RMKK
MRMV_R_/B639OVKNV[L;MJYQG:.E CLJ /YR(5AN
MGO!L_\$V_V:-6^',E[XFURWFLIKB$V
M=I;3 QR^5YBO-)-"R!TR\4:PY96*B5C&4:%V 9^L% C\"/\ @E=_R.M]_P!@
M:?\ ]*K2D4S]]Z9(4 ?@1_P51_Y'6Q_[ T'_ *57=(I'Z7?\% O^2:ZU_P!N
M7_I=;4Q(/^"?O_)-=%_[??\ TNN: 9^0O[:7PHN?V=O$^HP: