UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 13, 2006
Syntel, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Michigan
(State or Other Jurisdiction of Incorporation)
0-22903 38-2312018
(Commission File Number) (IRS Employer Identification No.)
525 E. Big Beaver Road,
Suite 300, Troy, Michigan 48083
(Address of Principal Executive Offices) (Zip Code)
(248) 619-2800
(Registrant's Telephone Number, Including Area Code)
________________________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
follwing provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On February 20, 2006, the Board of Directors of Syntel, Inc. (the "Company")
increased the size of the Board from five to six members. Effective March 13,
2006, the Company's Board of Directors elected Paul Donovan to the Board to the
fill the vacancy created by the increase in the size of the Board of Directors.
Mr. Donovan, recently retired, had served as Executive Vice President and CIO
for ING Americas since 1999. Prior to that he held several CIO/executive
positions at Fidelity Investments. He has led a consulting practice at Coopers
and Lybrand and was a founder and principal for a software and service company,
Advanced Information Management Inc. Mr. Donovan will stand for election to the
Board of Directors with the other director nominees at the Company's 2006 Annual
Shareholder Meeting. The Board has not yet appointed Mr. Donovan to serve on any
Board Committees.
Mr. Donovan is not a party to any arrangement or understanding pursuant to which
he was selected as a director, nor is Mr. Donovan a party to any transaction, or
series of transactions, required to be disclosed pursuant to Item 404(a) of
Regulation S-K under the Securites Exchange Act of 1934.
A copy of the press release issued by the Company announcing Mr. Donovan's
election to the Board is furnished as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit
Number
-------
99.1 Press Release dated March 17, 2006.
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.
Syntel, Inc.
(Registrant)
Date March 17, 2006 By /s/ Daniel M. Moore
-------------------------------------
Daniel M. Moore, Chief Administrative
Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated March 17, 2006.
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