0001104659-22-092707.txt : 20220818
0001104659-22-092707.hdr.sgml : 20220818
20220818215428
ACCESSION NUMBER: 0001104659-22-092707
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: CHADHA PAR
CENTRAL INDEX KEY: 0000938202
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36788
FILM NUMBER: 221178833
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chadha Sharon
CENTRAL INDEX KEY: 0001885887
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36788
FILM NUMBER: 221178832
MAIL ADDRESS:
STREET 1: 3003 PENNSYLVANIA AVENUE
CITY: SANTA MONICA
STATE: CA
ZIP: 90404
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
tm2223344-3_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-08-16
0
0001620179
Exela Technologies, Inc.
XELA
0000938202
CHADHA PAR
8550 WEST DESERT INN ROAD,
SUITE 102-452
LAS VEGAS
NV
89117
1
1
0
0
Executive Chairman
0001885887
Chadha Sharon
3003 PENNSYLVANIA AVE
SANTA MONICA
CA
90404
1
0
0
0
Common Stock, par value $0.0001 per share (''Common Stock'')
70921
D
Common Stock
1515
I
See Footnote
Restricted Stock Units
2022-08-16
4
M
0
1387
0
D
Common Stock
1387
0
I
See Footnote
Restricted Stock Units
2022-08-16
4
M
0
7954
0
D
Common Stock
7954
0
D
Restricted Stock Units
Common Stock
1515
1515
I
See Footnote
On October 11, 2021, Sharon Chadha was granted 4,545 restricted stock as non-employee director equity compensation pursuant to the terms and conditions of the Company's Director Compensation Policy and 2018 Stock Incentive Plan. The remainder of this award will vest immediately prior to the 2023 annual meeting of the Company.
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.
On December 31, 2021, Sharon Chadha was granted 1,387 restricted stock units and Par Chadha was granted 7,954 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.
Shares owned directly by Sharon Chadha, Par Chadha's spouse.
The Reporting Person disclaims beneficial ownership of any shares of the Issuer owned by such other Persons, except to the extent of his or her pecuniary interest therein.
/s/ Par Chadha
2022-08-18
/s/ Sharon Chadha
2022-08-18