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Nominee
|
| |
Age
|
| |
Position
|
| |
Director Since
|
|
Dr. Arun K. Maheshwari | | |
73
|
| |
Chairman of the Board
|
| |
2015
|
|
Ketan Mehta | | |
59
|
| |
President, Chief Executive Officer and Director
|
| |
1992
|
|
Earl Gallegos | | |
60
|
| |
Director
|
| |
2015
|
|
Rajesh Hukku | | |
60
|
| |
Director
|
| |
2018
|
|
Steven R. Isaac | | |
66
|
| |
Director
|
| |
2015
|
|
Atul Kanagat | | |
62
|
| |
Director
|
| |
2013
|
|
Sudhakar Ram | | |
57
|
| |
Director
|
| |
2015
|
|
Robert P. Restrepo, Jr. | | |
68
|
| |
Director
|
| |
2015
|
|
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Nonqualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Dr. Arun Maheshwari
|
| | | | 47,750 | | | | | | __ | | | | | | 30,900 | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | 78,650 | | |
Earl Gallegos
|
| | | | 31,000 | | | | | | __ | | | | | | 30,900 | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | 61,900 | | |
Steven R. Isaac
|
| | | | 26,000 | | | | | | __ | | | | | | 30,900 | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | 56,900 | | |
Atul Kanagat
|
| | | | 29,000 | | | | | | __ | | | | | | 30,900 | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | 59,900 | | |
Sudhakar Ram
|
| | | | __ | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | __ | | |
Robert R. Restrepo, Jr.
|
| | | | 26,000 | | | | | | __ | | | | | | 30,900 | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | 56,900 | | |
Westley Thompson(2)
|
| | | | 19,500 | | | | | | __ | | | | | | 30,900 | | | | | | __ | | | | | | __ | | | | | | __ | | | | | | 50,400 | | |
Name
|
| |
Age
|
| |
Position(s)
|
|
Ketan Mehta | | |
59
|
| | President and Chief Executive Officer | |
Farid Kazani | | |
51
|
| | Chief Financial Officer and Treasurer | |
Edward Ossie | | |
64
|
| | Chief Operating Officer | |
Prateek Kumar | | |
42
|
| | Executive Vice President, P&C Industry Leader | |
Ganesh Pai | | |
51
|
| | Executive Vice President, Consulting | |
Mallinath Sengupta | | |
57
|
| | Executive Vice President, P&C Delivery | |
Manish D. Shah | | |
46
|
| | Executive Vice President, Products | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||||||||
Ketan Mehta
President and Chief Executive Officer |
| | | | 2018 | | | | | | 350,000 | | | | | | — | | | | | | — | | | | | | 61,800 | | | | | | 100,000 | | | | | | 3,639(3) | | | | | | 515,439 | | |
| | | 2017 | | | | | | 350,000 | | | | | | — | | | | | | — | | | | | | 22,000 | | | | | | — | | | | | | 4,192(4) | | | | | | 376,192 | | | ||
Manish D. Shah
Executive Vice President, Products |
| | | | 2018 | | | | | | 325,000 | | | | | | — | | | | | | — | | | | | | 61,800 | | | | | | 100,000 | | | | | | 9,359(5) | | | | | | 496,159 | | |
| | | 2017 | | | | | | 325,000 | | | | | | — | | | | | | — | | | | | | 148,000 | | | | | | — | | | | | | 10,614(6) | | | | | | 483,614 | | | ||
Edward Ossie
Chief Operating Officer |
| | | | 2018 | | | | | | 340,000 | | | | | | — | | | | | | — | | | | | | 41,400 | | | | | | 100,000 | | | | | | 1,200(7) | | | | | | 482,600 | | |
| | | 2017 | | | | | | 340,000 | | | | | | — | | | | | | — | | | | | | 58,600 | | | | | | — | | | | | | 1,200(8) | | | | | | 399,800 | | |
Name
|
| |
Threshold
Bonus(1) |
| |
Target
Bonus |
| |
Maximum
Bonus |
| |||||||||
Ketan Mehta,
President and Chief Executive Officer |
| | | | 40% | | | | | | 50% | | | | | | 65% | | |
Manish D. Shah,
Executive Vice President, Products |
| | | | 24% | | | | | | 30% | | | | | | 39% | | |
Edward Ossie,
Chief Operating Officer |
| | | | 24% | | | | | | 30% | | | | | | 39% | | |
| | |
Option Awards
|
| ||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) (Exercisable) |
| |
Number of
Securities Underlying Unexercised Options (#) (Unexercisable) |
| |
Equity Incentive Plan
Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Ketan Mehta
President and Chief Executive Officer |
| | | | ___ | | | | | | 30,000(1) | | | | | | — | | | | | | 4.85 | | | |
07/26/2027
|
|
| | | 2,500 | | | | | | 7,500(2) | | | | | | | | | | | | 5.18 | | | |
06/03/2026
|
| ||
| | | 83,333 | | | | | | 83,334(3) | | | | | | — | | | | | | 4.92 | | | |
06/29/2025
|
| ||
Manish D. Shah
Executive Vice President, Products |
| | | | — | | | | | | 30,000(4) | | | | | | — | | | | | | 4.85 | | | |
07/26/2027
|
|
| | | 7,500 | | | | | | 22,500(5) | | | | | | | | | | | | 5.75 | | | |
01/23/2027
|
| ||
| | | 2,500 | | | | | | 7,500(6) | | | | | | — | | | | | | 5.18 | | | |
06/03/2026
|
| ||
| | | 5,000 | | | | | | 15,000(7) | | | | | | — | | | | | | 6.22 | | | |
05/09/2026
|
| ||
| | | 41,666 | | | | | | 41,667(8) | | | | | | — | | | | | | 4.92 | | | |
06/29/2025
|
| ||
| | | 86,564(9) | | | | | | — | | | | | | — | | | | | | 7.72 | | | |
3/7/2022
|
| ||
Edward Ossie
Chief Operating Officer |
| | | | 41,666(10) | | | | | | 41,667 | | | | | | — | | | | | | 4.92 | | | |
6/29/2025
|
|
| | | 2,500(11) | | | | | | 7,500 | | | | | | — | | | | | | 5.18 | | | |
6/3/2026
|
| ||
| | | 3,750(12) | | | | | | 11,250 | | | | | | — | | | | | | 5.75 | | | |
1/23/2027
|
| ||
| | | —(13) | | | | | | 20,000 | | | | | | — | | | | | | 4.87 | | | |
7/25/2027
|
|
| | |
As of
March 31, 2018 |
| |
As of
March 31, 2017 |
| ||||||
Net reimbursable expenses payable to Majesco Limited or Mastek Limited(1)
|
| | | $ | 98 | | | | | $ | (622) | | |
| | |
Shares
|
| |
Exercise
Price Per Share |
| |
Weighted
Average Remaining Contractual Life |
| |
Weighted
Average Exercise Price |
| ||||||
Balance, April 1, 2015
|
| | | | — | | | |
$—
|
| |
—
|
| | | $ | — | | |
Granted
|
| | | | 2,279,882 | | | |
4.81 – 7.72
|
| |
9.07 Years
|
| | | | 5.24 | | |
Canceled
|
| | | | (100,497) | | | |
4.81 – 6.93
|
| | | | | | | 4.95 | | |
Balance, April 1, 2016
|
| | | | 2,179,385 | | | |
4.81 – 7.72
|
| |
9.07 Years
|
| | | | 5.25 | | |
Granted
|
| | | | 860,331 | | | |
4.79 – 6.22
|
| |
9.41 Years
|
| | | | 5.56 | | |
Exercised
|
| | | | (2,083) | | | |
4.92
|
| | | | | | | 4.92 | | |
Canceled
|
| | | | (168,991) | | | |
4.81 – 7.53
|
| | | | | | | 5.37 | | |
| | |
Shares
|
| |
Exercise
Price Per Share |
| |
Weighted
Average Remaining Contractual Life |
| |
Weighted
Average Exercise Price |
| ||||||
Balance, March 31, 2017
|
| | | | 2,868,642 | | | |
4.79 – 7.72
|
| |
8.91 Years
|
| | | | 5.34 | | |
Granted
|
| | | | 715,000 | | | |
4.85 – 5.64
|
| |
8.77 Years
|
| | | | 5.01 | | |
Exercised
|
| | | | (51,249) | | | |
4.92 – 5.05
|
| | | | | | | 4.94 | | |
Canceled
|
| | | | (254,250) | | | |
4.87 – 6.22
|
| | | | | | | 5.38 | | |
Balance, March 31, 2018
|
| | | | 3,278,143 | | | |
4.79 – 7.72
|
| |
7.69 Years
|
| | | | 5.27 | | |
Fee Category
|
| |
2018
|
| |
2017
|
| ||||||
Audit Fees
|
| | | $ | 150,000 | | | | | $ | 135,000 | | |
Audit-Related Fees
|
| | | $ | 45,000 | | | | | $ | 45,000 | | |
Tax Fees
|
| | | $ | 0 | | | | | $ | 0 | | |
All Other Fees
|
| | | $ | 12,500 | | | | | $ | 0 | | |
Total Fees
|
| | | $ | 207,500 | | | | | $ | 180,000 | | |
Name and Address of Beneficial Owner
|
| |
Number of
shares beneficially owned |
| |
Percentage
of shares beneficially owned |
| ||||||
5% or greater shareholders: | | | | | | | | | | | | | |
Majesco Limited(1)
|
| | | | 25,530,125 | | | | | | 69.75% | | |
Mastek Limited(2)
|
| | | | 5,044,875 | | | | | | 13.78% | | |
Directors and Named Executive Officers: | | | | | | | | | | | | | |
Ketan Mehta(3)
|
| | | | 153,863 | | | | | | * | | |
Edward Ossie(4)
|
| | | | 83,444 | | | | | | * | | |
Manish D. Shah(5)
|
| | | | 322,580 | | | | | | * | | |
Dr. Arun K. Maheshwari(6)
|
| | | | 242,531 | | | | | | * | | |
Earl Gallegos(7)
|
| | | | 112,706 | | | | | | * | | |
Steven R. Isaac(8)
|
| | | | 37,290 | | | | | | * | | |
Atul Kanagat(9)
|
| | | | 37,082 | | | | | | * | | |
Sudhakar Ram
|
| | | | — | | | | | | — | | |
Robert P. Restrepo, Jr.(10)
|
| | | | 53,749 | | | | | | * | | |
Rajesh Hukku
|
| | | | — | | | | | | — | | |
All executive officers and directors as a group (16 persons)(11)
|
| | | | 1,319,502 | | | | | | 3.52% | | |
Plan category
|
| |
Number of securities to
be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average
exercise price of outstanding options, warrants and rights (b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security holders:
|
| | | | | | | | | | | | | | | | | | |
•
Majesco 2015 Equity Incentive Plan
|
| | | | 3,303,143 | | | | | $ | 5.28 | | | | | | 545,788 | | |
•
Majesco Employee Stock Purchase Plan
|
| | | $ | 0(1) | | | | | $ | 0 | | | | | | 1,902,925 | | |
Equity compensation plans not approved by
security holders |
| | | | __ | | | | | | __ | | | | | | __ | | |
Total | | | | | 3,303,143 | | | | | $ | 5.28 | | | | | | 2,448,713 | | |