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NSTC > SEC Filings for NSTC > Form 8-K on 1-Sep-2009All Recent SEC Filings

Show all filings for NESS TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for NESS TECHNOLOGIES INC


1-Sep-2009

Change in Directors or Principal Officers, Other Events, Financial Statemen


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 1, 2009, the Board of Directors (the "Board") of Ness Technologies, Inc., a Delaware corporation (the "Company"), elected Ajit Bhushan to serve on the Board.

Mr. Bhushan is a managing director at Citi Venture Capital International, where he has served since 2001, and where he is responsible for investments in the IT & IT-enabled services sector in Asia Pacific, Latin America, Central and Eastern Europe, the Middle East and Africa. From 1998 to 2001, Mr. Bhushan served as vice president of Citi Corporate Bank, Central and Eastern Europe, the Middle East and Africa, where he was responsible for strategy and business development in India, the Middle East and North Africa. From 1993 to 1998, he served as vice president and cash management head for Citi Corporate Bank in Poland, where he had responsibility for building the cash management business for Citi in Poland. From 1987 to 1993, Mr. Bhushan served in various roles at Citi Corporate Bank, India, where he was involved in cash management services. Mr. Bhushan is a director of Polaris Software Lab Ltd., a publicly traded Indian company which provides software and services to the financial services sector, and a director of Citicorp Technology Holding Inc. Mr. Bhushan holds a B. Tech degree in electrical engineering from the Indian Institute of Technology, Delhi, with a specialization in computer science, and an MBA from the Indian Institute of Management, Ahmadabad.



Item 8.01. Other Events.

On September 1, 2009, the Company issued a press release announcing that the Tel Aviv Stock Exchange ("TASE") approved the dual listing of the Company's common stock on the TASE beginning at market open on Monday, September 14, 2009, under the ticker symbol NSTC. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

The Company's common stock will continue to be listed on the NASDAQ Global Select Market in the United States, and the Company will remain subject to the rules and regulations of NASDAQ and of the U.S. Securities and Exchange Commission.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated September 1, 2009.


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