13D Filing: Engine Capital, L.p. and Startek Inc. (NYSE:SRT)

Item 2.

Identity and Background.

Item 2 is hereby amended to add the following:

P Engine is no longer a member of the Section 13(d) group and shall cease to be a Reporting Person immediately upon the filing of this Amendment No. 2. As of March 23, 2017, solely by virtue of P Engine’s exit as a member of the Section 13(d) group, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer.

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated to read as follows:

The Shares purchased by each of Engine Capital and Engine Jet were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 628,863 Shares beneficially owned by Engine Capital is approximately $3,822,949, including brokerage commissions. The aggregate purchase price of the 155,562 Shares beneficially owned by Engine Jet is approximately $872,122, including brokerage commissions.

Item 5.

Interest in Securities of the Issuer.

Item 5 is hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 15,811,502 Shares outstanding, as of February 13, 2017, which is the total number of Shares outstanding as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 22, 2017.

A.	Engine Capital

(a)

As of the close of business on March 27, 2017, Engine Capital directly owned 628,863 Shares.

Percentage: Approximately 4.0%

(b)

1. Sole power to vote or direct vote: 628,863

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 628,863

4. Shared power to dispose or direct the disposition: 0

(c)

Engine Capital has not entered into any transactions in the Shares during the past sixty days.

13D Filing: Engine Capital, L.p. and Startek Inc. (NYSE:SRT)

Published on March 30, 2017 at 2:24 pm by Insider Monkey Staff in Hedge Funds

Page 7 of 11 – SEC Filing

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