UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 10, 2004
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SYNTEL, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Michigan
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(State or Other Jurisdiction of Incorporation)
0-22903 38-2312018
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(Commission File Number) (IRS Employer Identification No.)
525 E. Big Beaver Road, Suite 300, Troy, Michigan 48083
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(Address of Principal Executive Offices) (Zip Code)
(248) 619-2800
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On June 17, 2004, Syntel, Inc. (the "Company") filed a Form 8-K reporting that
its current independent accounting firm, Ernst & Young LLP ("E&Y"), would not
submit a competitive proposal (decline to stand for re-election) for the 2004
and 2005 fiscal years, and that E&Y would continue as the independent accounting
firm for the Company through the filing of the Form 10-Q for the period ending
June 30, 2004. The Company filed its Form 10-Q for the period ending June 30,
2004 on August 9, 2004 and E&Y ceased to serve as the Company's independent
accounting firm as of the same date.
The reports of E&Y on the Company's financial statements for the 2002 and 2003
fiscal years did not contain an adverse opinion or a disclaimer of opinion and
were not qualified or modified as to uncertainty, audit scope, or accounting
principles. There were no disagreements between the Company and E&Y on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure during the 2002 or 2003 fiscal years and the period
through August 9, 2004, which disagreements, if not resolved to the satisfaction
of E&Y, would have caused it to make reference to the subject matter of the
disagreements in connection with its reports on financial statements. During the
2002 and 2003 fiscal years and the period through August 9, 2004, there were no
"reportable events" within the meaning of Item 304(a)(1)(v) of the Securities
and Exchange Commission's Regulation S-K.
The Company provided E&Y with a copy of the foregoing disclosures and a letter
from E&Y confirming its agreement with these disclosures is attached to this
report as Exhibit 16.
Item 7. Exhibits.
Exhibit 16 Letter from Ernst & Young LLP to the Securities
and Exchange Commission re Change in Certifying
Accountant
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 thereunto duly authorized.
Syntel, Inc.
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(Registrant)
Date August 9, 2004 By /s/ Keshav Murugesh
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Keshav Murugesh, Chief
Financial Officer (Principal
financial and accounting
officer)
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
Exhibit 16 Letter from Ernst & Young LLP to the Securities
and Exchange Commission re Change in Certifying
Accountant
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