0001620179false0001620179xela:SixPercentSeriesBCumulativeConvertiblePerpetualPreferredStockParValueDollar0.0001PerShareMember2024-10-022024-10-020001620179us-gaap:CommonStockMember2024-10-022024-10-0200016201792024-10-022024-10-02

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 2, 2024

EXELA TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware

    

001-36788

    

47-1347291

(State or other jurisdiction of
incorporation or organization)

 

(Commission File Number)

 

(I.R.S. Employer
Identification Number)

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2701 E. Grauwyler Rd.

Irving, TX

    

75061

(Address of principal executive offices)

 

(Zip Code)

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Company’s telephone number, including area code: (214) 740-6500

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

    

Trading Symbol

    

Name of Each Exchange on Which Registered

Common Stock, Par Value $0.0001 per share

 

XELA

 

The Nasdaq Stock Market LLC

6.00% Series B Cumulative Convertible Perpetual Preferred Stock, par value $0.0001 per share

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XELAP

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The Nasdaq Stock Market LLC

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

☐ Emerging growth company

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☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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Item 5.02 Results of Operations and Financial Condition.

(b)On October 2, 2024, Marc A. Beilinson, notified the Board of Directors of Exela Technologies, Inc. (the “Company”) of his intention to resign as a director of the Company, effective as of October 3, 2024. Mr. Beilinson’s resignation was not the result of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company.

On October 3, 2024, Sharon Chadha, notified the Board of Directors of the Company of her intention to resign as a director of the Company, effective as of October 3, 2024. Mrs. Chadha’s resignation was not the result of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company.

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2

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SIGNATURE

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.

Dated: October 7, 2024

 

EXELA TECHNOLOGIES, INC.

 

 

 

 

By:

/s/ Zach Maul

 

 

Name: Zach Maul

 

 

Title: Secretary

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3

v3.24.3
Document and Entity Information
Oct. 02, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Oct. 02, 2024
Entity Registrant Name EXELA TECHNOLOGIES, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-36788
Entity Tax Identification Number 47-1347291
Entity Address, Address Line One 2701 E. Grauwyler Rd.
Entity Address, City or Town Irving
Entity Address State Or Province TX
Entity Address, Postal Zip Code 75061
City Area Code 214
Local Phone Number 740-6500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001620179
Amendment Flag false
Common Stock  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, Par Value $0.0001 per share
Trading Symbol XELA
Security Exchange Name NASDAQ
Six Percent Series B Cumulative Convertible Perpetual Preferred Stock Par Value Dollar 0.0001 Per Share  
Document Information [Line Items]  
Title of 12(b) Security 6.00% Series B Cumulative Convertible Perpetual Preferred Stock, par value $0.0001 per share
Trading Symbol XELAP
Security Exchange Name NASDAQ
Exela Technologies (NASDAQ:XELAP)
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