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