TeleTech CEO to Sell 5 million Shares

TeleTech Holdings, Inc. announced that it has filed a Registration Statement under the Securities Act of 1933 with the Securities and Exchange Commission for a public offering of 5,000,000 shares of TeleTech common stock.

The shares are being offered by Mr. Kenneth D. Tuchman, chairman and chief executive officer of TeleTech. TeleTech is not selling any shares in the offering and will not receive any proceeds from the offering. Mr. Tuchman has also granted the underwriters an option to acquire an additional 750,000 shares. All proceeds will go directly to the selling shareholder, Mr. Tuchman. The offering will reduce Mr. Tuchman’s holdings in TeleTech from approximately 53% to approximately 46% of TeleTech’s outstanding shares of common stock.

Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated, Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as co-bookrunning managers for the offering.