0001104659-22-092706.txt : 20220818
0001104659-22-092706.hdr.sgml : 20220818
20220818215254
ACCESSION NUMBER: 0001104659-22-092706
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220816
FILED AS OF DATE: 20220818
DATE AS OF CHANGE: 20220818
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Akins Martin P.
CENTRAL INDEX KEY: 0001655236
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36788
FILM NUMBER: 221178831
MAIL ADDRESS:
STREET 1: ONE EXPRESS WAY
CITY: ST. LOUIS
STATE: MO
ZIP: 63121
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Exela Technologies, Inc.
CENTRAL INDEX KEY: 0001620179
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 471347291
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2701 EAST GRAUWYLER RD.
CITY: IRVING
STATE: TX
ZIP: 75061
BUSINESS PHONE: 844-935-2832
MAIL ADDRESS:
STREET 1: 2701 EAST GRAUWYLER RD.
CITY: IRVING
STATE: TX
ZIP: 75061
FORMER COMPANY:
FORMER CONFORMED NAME: Quinpario Acquisition Corp. 2
DATE OF NAME CHANGE: 20140922
4
1
tm2223344-6_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-08-16
0
0001620179
Exela Technologies, Inc.
XELA
0001655236
Akins Martin P.
C/O EXELA TECHNOLOGIES,
INC., 2701 E. GRAUWYLER RD.
IRVING
TX
75061
1
0
0
0
Common Stock, par value $0.0001 per share
4510
D
Restricted Stock Units
2022-08-16
4
M
0
6250
0
D
Common Stock
6250
0
D
On December 31, 2021, the reporting person was granted 6,250 restricted stock units in accordance with the Company's Amended and Restated Stock 2018 Incentive Plan ("Plan") that were settled in January 2022. The Plan was approved by the stockholders of the Company at the Company's 2021 annual meeting held December 31, 2021. Subsequent to such approval, a lawsuit was filed against the Company alleging that the Company did not properly count the broker non-votes on such matter, and that as a result the Plan was not properly approved at the 2021 annual meeting. The Company decided to re-submit the Plan to its stockholders for re-approvals at its 2022 annual meeting rather than incurring the expense of pursuing litigation. Following the re-approval of the amended and restated Plan at the 2022 annual meeting, the Compensation Committee determined, that the restricted stock units be settled in cash effective August 16, 2022.
Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock, which may be settled in shares of Common Stock or cash, as elected by the Compensation Committee of the Board of Directors of the Company.
The number of shares reported in this Form 4 account for the one-for-twenty Reverse Stock Split effected by the Issuer on July 26, 2022. No fractional shares were issued in connection with the Reverse Stock Split. Stockholders who otherwise were entitled to receive fractional shares of Common Stock received cash (without interest or deduction) from the Corporation's transfer agent in lieu of such fractional share interests.
/s/ Martin P. Akins
2022-08-18