UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K/A (Amendment No. 2) Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 8, 2015 STARTEK, INC. (Exact name of Registrant as specified in its charter) DELAWARE 1-12793 84-1370538 (State or other jurisdiction of incorporation or organization) Registrant s telephone number, including area code: (303) 262-4500 (Commission File Number) 8200 E. Maplewood Ave., Suite 100, Greenwood Village, CO 80111 (Address of principal executive offices; zip code) (I.R.S. Employer Identification No.) (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following 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))
EXPLANATORY NOTE On October 8, 2015, StarTek, Inc. (the "Company") filed a Current Report on Form 8-K (the Original Form 8-K) reporting that we filed a presentation for investors. On October 9, 2015, we filed Amendment No. 1 on Form 8-K/A amending Item 9.01 to correct errors on Slides 13 and 21 and to correct the contact information on Slide 26. We are filing this Amendment No. 2 to correct Slide 24. This Amendment No. 2 on Form 8-K/A amends Item 9.01 of the Original Form 8-K to include the revised investor presentation. No other changes have been made to the Original Filing. Item 7.01 Regulation FD. A copy of materials that may be used in investor presentations delivered by representatives of StarTek, Inc. (the Company ) from time to time is attached to this Current Report on Form 8-K as Exhibit 99.1. These materials are dated September 2015 and the Company disclaims any obligation to correct or update these materials in the future. The information contained in this Current Report Form 8-K that is furnished under this Item 7.01 is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. Item 9.01 Financial Statements and Exhibits. (d) The following exhibit is furnished with this report: Exhibit Number Exhibit Description 99.1 STARTEK, Inc. Investor Presentation dated October 2015
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. STARTEK, INC. Date: October 13, 2015 By: /s/ Lisa A. Weaver Lisa A. Weaver Senior Vice President and Chief Financial Officer
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N Y S E :S R T K e y S ta ts T ra d in g D a ta (@ S e p t1 8,2 0 1 5 )S to c k P ric e $ 3.8 9 5 2 We e k L o w /H ig h $ 2.8 6 /1 0.1 2 A v g.d a ily V o l.(3 m o.)1 9,3 3 7 S h a re s O u ts ta n d in g 1 5.5 M P u b lic F lo a t,e s t.5 8 % In s titu tio n a l H o ld in g s 5 5 % In s id e rh o ld in g s 2 7 % V a lu a tio n M e a s u re s M a rk e tc a p $ 6 0.4 M E n te rp ris e V a lu e $ 9 2.3 M E V /R e v e n u e (tm )0.4 x E V /E B IT D A (tm )9.8 x F in a n c ia l H ig h lig h ts (@ J u n e 3 0,2 0 1 5 )R e v e n u e s (tm )$ 2 5 2.7 M A d j.e B IT D A ¹(tm )$ 9.4 M C a s h & E q u iv a le n ts (m rq )$ 6.4 M T o ta l A s s e ts (m rq )$ 1 2 0.4 M T o ta l D e b t(m rq )$ 3 6.8 M T o ta l L ia b ilitie s (m rq )$ 7 1.6 M T o ta l E q u ity (m rq )$ 4 8.8 M S o u rc e :C a p ita l IQ a n d c o m p a n y d a ta.1 )S e e a p p e n d ix fo ru s e o fn o n -G A A P in fo rm a tio n.1 9
N Y S E :S R T T u rn a ro u n d C o m p le te,r e tu rn in g to G ro w th 2 0 $ 2 6 5.4 M $ 2 1 9.5 M $ 1 9 8.1 M $ 2 3 1.3 M $ 2 5 0.1 M $ 2 5 2.7 M 1 6.0 % 1 7.0 % 1 5.0 % 1 2.4 % 1 2.5 % 1 2.9 % 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n -1 5 R e v e n u e a n d S G & A % A d ju s te d G ro s s M a rg in 1 0.4 % 1 0.5 % 1 1.6 % 1 0.5 % 1 4.7 %¹1 3.3 % 2 0 1 1 :E m b a rk e d o n s tra te g y to c lo s e u n d e rp e rfo rm in g s ite s,im p ro v e u tiliz a tio n,c o n tro l c o s ts & d iv e rs ify 1 )2 0 1 4 e x c lu d e s 2 8 0 b a s is p o in ts fo rc lie n ts ta rt-u p a n d c a p a c ity e x p a n s io n e x p e n s e s.
N Y S E :S R T D o m e s tic O fs h o re N e a rs h o re R e v e n u e & G ro s s M a rg in b y R e g io n 2 1 $ 1 5 7 M $ 1 0 0 M $ 1 2 1 M $ 1 3 1 M $ 1 3 9 M 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n -1 5 $ 5 5 M $ 8 0 M $ 8 1 M $ 8 6 M $ 8 2 M 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n -1 5 $ 8 M $ 1 9 M $ 2 9 M $ 3 4 M $ 3 2 M 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n -1 5 G ro s s M a rg in 7.1 % 7.4 % 1 1.0 % 9.9 % 7.5 % G ro s s M a rg in 1 4.8 % 2 0.7 % 1 2.3 % 1 7.7 % 1 6.2 % C a p a c ity in v e s tm e n ts m u tin g re v e n u e & m a rg in g ro w th n e a r-te rm O p e ra tio n a l e fic ie n c ie s d riv in g im p ro v e d u tiliz a tio n C a p a c ity im p ro v e m e n ts & la b o re fic ie n c ie s o fs e tb y 1 4 C o s ta R ic a c lo s u re G ro s s M a rg in N /A N /A 3.6 % 6.9 % 1 3.7 %
N Y S E :S R T C a s h F lo w T re n d s Im p ro v in g 2 2 $ 2 3.8 M $ 3.9 M -$ 3.8 M $ 7.9 M $ 9.6 M $ 1 1.5 M $ 9.4 M 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n -1 5 A d ju s te d E B IT D A A d ju s te d E B IT D A M a rg in 8.2 % 1.5 % N /A 4.0 % 4.2 % 4.6 % 3.7 %
N Y S E :S R T B a la n c e S h e e ts u p p o rts G ro w th 2 3 $ 6.4 M c a s h $ 2 8.5 M o u ts ta n d in g o n re v o lv in g c re d itfa c ility (m a x a v a ila b ility o f$ 7 0 M ) $ 2 2.8 M d e fe re d n e ta x a s s e ts a td e c 3 1,2 0 1 4 (o fs e tb y fu l v a lu a tio n a lo w a n c e )S e le c tb a la n c e S h e e tite m s $ M ilio n s J u n e 3 0,2 0 1 5 D e c 3 1,2 0 1 4 C a s h & e q u iv a le n ts $ 6.4 $ 5.3 R e c e iv a b le s 5 2.8 4 6.1 T o ta l a s s e ts 1 2 0.4 9 3.8 T o ta l d e b t3 8.3 1 0.6 T o ta lia b ilitie s 7 1.6 3 9.1 T o ta l s to c k h o ld e rs e q u ity 4 8.8 5 4.7
N Y S E :S R T T a rg e te d F in a n c ia l M o d e l 2 4 R e v e n u e $ 2 5 0.1 $ 3 5 0.0 $ 4 5 0.0 A d ju s te d E B IT D A $ 1 1.5 $ 3 5.0 $ 5 4.0 A E B IT D A M a rg in 5 % 1 0 % 1 2 % A R (In c re a s e )/D e c re a s e ($ 2.4 )($ 1 6.7 )($ 1 7.9 )O th e rwo rk in g C a p ita l C h a n g e ¹:($ 4.6 )($ 3.5 )($ 4.5 )O p e ra tin g C a s h (U s e )/S o u rc e $ 4.5 $ 1 4.8 $ 3 1.6 C A P E X ($ 1 1.7 )($ 5.0 )($ 5.0 )F re e C a s h F lo w ($ 7.2 )$ 9.8 $ 2 6.6 A R B a la n c e $ 4 6.1 $ 6 2.8 $ 8 0.8 D S O 6 6 6 6 6 6 P o te n tia l F in a n c ia l M o d e l*f Y 2 0 1 4 1 $ M ilio n s K e y T a k e a w a y s E x p e c td o u b le d ig itre v e n u e g ro w th A E B IT D A m a rg in e x p a n s io n th ro u g h e m e rg in g s e rv ic e s a n d C E A e n g a g e m e n ts A /R w il c o n tin u e to g ro w a s re v e n u e s g ro w Wo rk in g c a p ita l a n d c a p e x n o rm a liz e g o in g fo rw a rd *F o rilu s tra tiv e p u rp o s e s o n ly.1 )O th e rw o rk in g c a p ita l in c lu d e s c a s h p a y m e n ts fo ra c c ru e d lia b ilitie s,in c lu d in g p a y ro l & re s tru c tu rin g c o s ts
N Y S E :S R T S R T K e y T a k e a w a y s O m n i-c h a n n e l v a lu e -a d d s e rv ic e s.a fre s h a p p ro a c h in th e B P O in d u s try th ro u g h C E A s h o u ld d riv e h ig h e rv a lu e e n g a g e m e n ts. S tra te g ic in v e s tm e n ts a d v a n c in g s c a le.c a p a c ity a n d im p ro v e d IT p la tfo rm s u p p o rts fu tu re g ro w th a n d p ro fita b ility. Im p ro v e d d iv e rs ity.e m e rg in g B P O s e c to rs c o m m a n d h ig h e rm a rg in s,s u p p o rth ig h e rm u ltip le s. R e tu rn to g ro w th a n d p ro fita b ility.r ig h t-s iz in g th e o rg a n iz a tio n w ith a fo c u s o n u tiliz a tio n a n d d iv e rs ifie d re v e n u e to d riv e fre e c a s h flo w a n d p a y d o w n d e b t.2 5 $ 2 6 5 $ 2 1 9 $ 1 9 8 $ 2 3 1 $ 2 5 0 $ 2 5 3 $ 4 ($ 4 )$ 8 $ 1 0 $ 1 2 $ 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n -1 5 R e v e n u e A d j.e B IT D A ¹1 )S e e A p p e n d ix fo ra re c o n c ilia tio n o fa d j.e B IT D A.$ M ilio n s
S T A R T E K 8 2 0 0 E.M a p le w o o d A v e,s u ite 1 0 0 G re e n w o o d V ila g e,c O 8 0 1 1 1 IN V E S T O R R E L A T IO N S L io lio s G ro u p C o d y S la c h o rs e a n M a n s o u ri 9 4 9-5 7 4-3 8 6 0 In v e s to r@s T A R T E K.c o m 2 6
A P P E N D IX
N Y S E :S R T N o n -G A A P M e a s u re s 2 8 T h is p re s e n ta tio n m a y c o n ta in c e rta in n o n -G A A P fin a n c ia l m e a s u re s in c lu d in g A d ju s te d E B IT D A.A re c o n c ilia tio n o fth is n o n -G A A P m e a s u re to its c o m p a ra b le G A A P m e a s u re is in c lu d e d in th is p re s e n ta tio n.t h is n o n -G A A P in fo rm a tio n s h o u ld n o tb e c o n s tru e d a s a n a lte rn a tiv e to th e re p o rte d re s u lts d e te rm in e d in a c c o rd a n c e w ith G A A P.Itis p ro v id e d s o le ly to a s s is tin a n in v e s to r s u n d e rs ta n d in g o fth e s e ite m s o n th e c o m p a ra b ility o fth e C o m p a n y s o p e ra tio n s.t h e C o m p a n y d e fin e s n o n -G A A P A d ju s te d E B IT D A a s n e tin c o m e (lo s s )p lu s in c o m e ta x e x p e n s e (b e n e fit),in te re s te x p e n s e (in c o m e ),im p a irm e n tlo s s e s a n d re s tru c tu rin g c h a rg e s,d e p re c ia tio n a n d a m o rtiz a tio n e x p e n s e,(g a in s )lo s s e s o n d is p o s a l o fa s s e ts a n d s h a re -b a s e d c o m p e n s a tio n e x p e n s e.m a n a g e m e n tu s e s A d ju s te d E B IT D A a s a p e rfo rm a n c e m e a s u re to a n a ly z e th e p e rfo rm a n c e o fo u rb u s in e s s.m a n a g e m e n tb e lie v e s th a te x c lu d in g th e s e n o n -c a s h a n d o th e rn o n -re c u rin g ite m s h e lp s in v e s to rs a n d a n a ly s ts a s s e s s th e s tre n g th a n d p e rfo rm a n c e o fo u ro n g o in g o p e ra tio n s.m a n a g e m e n tb e lie v e s th a th e m e a s u re s th a te x c lu d e im p a irm e n tlo s s e s a n d re s tru c tu rin g c h a rg e s o ro th e rn o n -re c u rin g ite m s p e rm ita m o re m e a n in g fu l c o m p a ris o n a n d u n d e rs ta n d in g o fo u ro p e ra tin g p e rfo rm a n c e fo rth e c u re n t,p a s to rfu tu re p e rio d s.
N Y S E :S R T A d ju s te d E B IT D A R e c o n c ilia tio n 2 9 $ in th o u s a n d s 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 T T M @ J u n e -2 0 1 5 N e tlo s s 4,6 4 9 (1 9,3 8 3 )(2 6,4 6 2 )(1 0,4 8 8 )(6,4 0 6 )(5,4 6 0 )(9,9 2 3 )In c o m e fro m d is c o n tin u e d o p e ra tio n s (4,6 4 0 )-In c o m e ta x (b e n e fit)e x p e n s e (7 5 1 )1,2 4 4 (1 2 6 )1 1 6 2 3 0 5 6 4 1,1 6 0 In te re s te x p e n s e (in c o m e ),n e t1 7 2 (5 6 )(2 5 )(8 )2 6 6 0 6 1,2 3 6 Im p a irm e n tlo s s e s a n d re s tru c tu rin g c h a rg e s,n e t6,4 3 7 2,8 3 5 5,4 9 6 4,0 6 6 9 4 3,9 6 5 4,0 6 6 D e p re c ia tio n a n d a m o rtiz a tio n e x p e n s e 1 5,9 7 7 1 7,1 5 5 1 5,7 5 0 1 2,9 5 7 1 2,5 2 7 1 0,3 7 9 1 1,6 9 7 (G a in s )lo s s e s o n d is p o s a l o fa s s e ts -1,5 4 9 (1 3 6 )(4 6 8 )S h a re -b a s e d c o m p e n s a tio n e x p e n s e 1,9 8 7 2,1 0 8 1,6 0 2 1,2 7 5 1,6 0 7 1,6 2 5 1,6 7 4 A d ju s te d E B IT D A 2 3,8 3 1 $ 3,9 0 3 $ (3,7 6 5 )$ 7,9 1 8 $ 9,6 2 7 $ 1 1,5 4 3 $ 9,4 4 2 $ T w e lv e M o n th s E n d e d D e c e m b e r3 1,