UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On June 10, 2022, Exela Technologies, Inc. (the “Company”) issued a press release announcing a $0.46 cents per share dividend on its outstanding 6.00% Series B Cumulative Perpetual Convertible Preferred Stock (NASDAQ:XELAP). Holders of shares of the Company’s Series B Preferred Stock are entitled to receive, when, as and if authorized by the Company’s Board of Directors and declared out of funds legally available for the payment of dividends, cumulative cash dividends at the rate of 6.00% per annum of the $25.00 liquidation preference per share of the Series B Preferred Stock ($0.375 per quarter). The dividend will be paid on June 30, 2022 to stockholders of record as of June 20, 2022. In addition to the second quarter of 2022, this first dividend also covers the 20 days in March when the Series B Preferred Stock was first issued. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | Press Release, dated June 10, 2022 | |
| 104 | Cover page interactive data file (embedded within the Inline XBRL document) |
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: June 13, 2022
| EXELA TECHNOLOGIES, INC. | ||
| By: | /s/ Erik Mengwall | |
| Name: Erik Mengwall | ||
| Title: Secretary | ||