Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 13, 2021, the Board of Directors of StarTek, Inc. (the "Company or
StarTek ") appointed Bharat Rao to serve as the Acting President of the Company.
Mr. Rao, age 56, is a Managing Partner of Capital Square Partners ("CSP"). He
has been on the boards of StarTek and StarTek's joint venture in the Middle East
since 2018. Prior to CSP, Mr. Rao was a Managing Director with the investment
banking arm of Credit Suisse in Asia from November 2012 to June 2016 and focused
on financial sponsors and structured solutions. Prior to joining Credit Suisse
Mr. Rao was a Managing Director and managed key client relationships including
the financial sponsors group for ING Bank in Southeast Asia from August 2010 to
November 2012. Before transitioning to investment banking, Mr. Rao was with
Actis, a leading emerging market focused growth and buyout private equity fund
manager . Prior to taking on a senior role with a leading private equity fund
manager, Mr. Rao was a Partner with the Australasian practice of
PricewaterhouseCoopers and focused on providing transactions advisory services
from February 1999 to July 2006. He started his career with Citibank N.A in
1990. Mr. Rao holds a bachelor's degree with honors in Electrical Engineering
from the Indian Institute of Technology and an M.B.A. from the Indian Institute
of Management.
There are no arrangements or understandings between Mr. Rao and any other person
pursuant to which he was appointed as an officer and there are no family
relationships between Mr. Rao and any director or executive officer of the
Company. Mr. Rao has not entered into or proposed to enter into any transactions
required to be reported under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
Exhibit Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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