Current Report Filing (8-k)
June 21 2017 - 5:00PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
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 21, 2017
Commission
file number: 0-22773
NETSOL
TECHNOLOGIES, INC.
(Exact
name of small business issuer as specified in its charter)
|
NEVADA
|
|
95-4627685
|
|
(State
or other Jurisdiction of
|
|
(I.R.S.
Employer NO.)
|
|
Incorporation
or Organization)
|
|
|
24025
Calabasas Road, Suite 410, Calabasas, CA 91302
(Address
of principal executive offices) (Zip Code)
(818)
222-9195 / (818) 222-9197
(Issuer's
telephone/facsimile numbers, including area code)
Item
5.07 Submission of Matters to a Vote of Security Holders
.
On
June 20, 2017, NetSol Technologies, Inc. (the "Company") convened its annual meeting of shareholders. The following
proposals were submitted to a vote of security holders. Of the total issued and outstanding shares as of April 28, 2017, the record
date, 85.90% or 9,562,234 shares voted in this election. Broker non-votes, which are voted in the ratification of appointment
of auditors, are present for purposes of establishing a quorum, but are not considered voted in other proposals.
1.
Election of Directors
The
following persons were elected directors of the Company to hold office until the next Annual General Meeting of the Shareholders.
A total of 5,974,626 shares of common stock cast votes. The following sets forth the tabulation of the shares voted for each director:
|
Director
|
|
For
|
|
|
Against
|
|
|
Abstain
|
|
|
% of Total Voted For
|
|
|
Najeeb Ghauri
|
|
|
5,241,944
|
|
|
|
726,885
|
|
|
|
5,797
|
|
|
|
85
|
%
|
|
Naeem Ghauri
|
|
|
3,628,020
|
|
|
|
2,340,809
|
|
|
|
5,797
|
|
|
|
60.78
|
%
|
|
Shahid Burki
|
|
|
3,650,934
|
|
|
|
2,317,334
|
|
|
|
6,358
|
|
|
|
61.17
|
%
|
|
Eugen Beckert
|
|
|
3,674,846
|
|
|
|
2,292,583
|
|
|
|
7,197
|
|
|
|
61.58
|
%
|
|
Mark Caton
|
|
|
3,599,166
|
|
|
|
2,348,802
|
|
|
|
26,658
|
|
|
|
60.51
|
%
|
2.
Ratification of Appointment of Auditors
Squar
Milner LLP. was appointed as Auditors for the Company for the fiscal year ended June 30, 2017. Ratification of this appointment
was sought in this proposal. The following sets forth the tabulation of the shares voting for this matter.
|
Total Shares Voted
|
|
|
For
|
|
|
Against
|
|
|
Abstain
|
|
|
% of Total Voted in Favor
|
|
|
|
9,562,234
|
|
|
|
9,375,753
|
|
|
|
177,647
|
|
|
|
8,834
|
|
|
|
98.145
|
%
|
3.
Advisory Vote on the Compensation of the Named Executive Officers
The
Company’s “say on pay” advisory vote was held seeking from shareholders, on an advisory basis, approval of overall
compensation of the named executive officers. The following sets forth the tabulation of the shares voting for this matter.
|
Total Shares Voted
|
|
|
For
|
|
|
Against
|
|
|
Abstain
|
|
|
% of Total Voted in Favor
|
|
|
|
5,974,626
|
|
|
|
2,987,889
|
|
|
|
2,953,769
|
|
|
|
32,968
|
|
|
|
50.29
|
%
|
4.
Advisory Vote on the Frequency of Executive Compensation Vote
The
Company sought an advisory vote on the frequency of the Company’s “say on pay” advisory vote. The following
sets forth the tabulation of the shares voting for this matter.
|
Total Shares Voted
|
|
|
1 year
|
|
|
2 year
|
|
|
3 year
|
|
|
Abstain
|
|
|
|
5,974,626
|
|
|
|
5,265,076
|
|
|
|
23,310
|
|
|
|
539,302
|
|
|
|
149,938
|
|
SIGNATURES
In
accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
|
NETSOL
TECHNOLOGIES, INC.
|
|
|
|
|
Date:
June 21, 2017
|
/s/
Najeeb Ghauri
|
|
|
NAJEEB
GHAURI
|
|
|
Chief
Executive Officer
|
|
|
|
|
Date:
June 21, 2017
|
/s/
Roger K. Almond
|
|
|
ROGER
K. ALMOND
|
|
|
Chief
Financial Officer
|
NetSol Technologies (NASDAQ:NTWK)
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