ExlService Holdings Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 11, 2026, ExlService Holdings, Inc. (the “Company”) appointed Bhupender Singh, 53, as President and Head of International Growth Markets. Mr. Singh joined the Company effective May 11, 2026.
Prior to joining the Company, Mr. Singh served in various executive roles from September 2018 until September 2024, including most recently as President and Co-Chief Executive Officer, at Teleperformance SE, following Teleperformance SE’s acquisition of Intelenet Global Services, where he served as Chief Executive Officer from October 2015 through August 2018. Mr. Singh has also held various leadership roles at companies such as Serco Global Services, Travelport, ebookers, Cendant and Firstsource. Mr. Singh will be based in London, United Kingdom.
Mr. Singh has no family relationships with any current director, director nominee, or executive officer of the Company, and there are no transactions or proposed transactions, to which the Company is a party or intends to become a party in which Mr. Singh has, or will have, a material interest subject to disclosure under Item 404(a) of Regulation S-K.
In connection with Mr. Singh’s appointment, ExlService (UK) Limited (“EXL UK”), a subsidiary of the Company, entered into a Service Agreement with Mr. Singh (the “Agreement”), under which Mr. Singh’s annual base salary will be £447,761, and his discretionary annual target bonus will be 90% of his base salary, in each case administered by and subject to the discretion of the Compensation and Talent Management Committee of the Board of Directors of the Company (the “Compensation Committee”). Mr. Singh was also provided an initial equity grant in the form of restricted stock units of the Company’s common stock, with a fair market value equal to £1,791,044, vesting annually pro rata over a four-year period, pursuant to the terms and conditions of the Company’s 2025 Omnibus Incentive Plan and Company’s previously disclosed restricted stock unit award agreement. In addition, Mr. Singh will become eligible to receive equity awards, as determined by the Compensation Committee in its sole discretion, subject to performance and other conditions of the Company’s applicable equity compensation plans. Mr. Singh also will be entitled to such benefits and benefit schemes as EXL UK may provide to employees of his seniority and status from time to time, subject to the terms of the governing documents and policies in force and other applicable requirements.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by the full text of the Agreement, a copy of which will be filed with a future report filed with the Securities and Exchange Commission.
Item 8.01. Other Events.
A copy of the press release announcing Mr. Singh’s appointment is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.
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Number |
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Description |
| 99.1 | Press Release, dated May 12, 2026 | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EXLSERVICE HOLDINGS, INC. (Registrant) | |||
| Date: May 12, 2026 | By: | /s/ Ajay Ayyappan | |
| Name: | Ajay Ayyappan | ||
| Title: | Executive Vice President, General Counsel and Corporate Secretary | ||