Additional Proxy Soliciting Materials (definitive) (defa14a)
May 04 2021 - 06:03AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
14A [X]
(Rule
14a-101)
SCHEDULE
14A INFORMATION
Proxy
Statement Pursuant to Section 14(a) of the Securities
Exchange
Act of 1934
Filed
by the Registrant [X]
Filed
by a Party other than the Registrant [ ]
Check
the appropriate box:
[ ]
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Preliminary
Proxy Statement
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[ ]
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Confidential,
for Use of the
Commission
Only
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[ ]
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Definitive
Proxy Statement
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(as
permitted by Rule 14a-6(e)(2))
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[X]
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Definitive
Additional Materials
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[ ]
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Soliciting
Material Under Rule 14a-12
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NetSol
Technologies, Inc.
(Name
of Registrant as Specified in Its Charter)
(Name
of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment
of Filing Fee (Check the appropriate box):
[ ]
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Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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1)
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Title
of each class of securities to which transaction applies:
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2)
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Aggregate
number of securities to which transaction applies:
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3)
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Per
unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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4)
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Proposed
maximum aggregate value of transaction:
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[ ]
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Fee
paid previously with preliminary materials:
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[ ]
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Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date
of its filing.
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1)
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Amount
previously paid:
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2)
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Form,
Schedule or Registration Statement No.:
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AMENDMENT
DATED May 3, 2021
TO
THE PROXY STATEMENT FOR
THE ANNUAL MEETING OF STOCKHOLDERS
TO
BE HELD ON June 14, 2021
The
Definitive Proxy Statement on Schedule 14A filed by NetSol Technologies, Inc. (the “Company”) with the U.S. Securities
and Exchange Commission on April 27, 2021 (the “Original Filing”) in connection with the Company’s Annual Meeting
of Stockholders to be held on June 14, 2021 (the “Annual Meeting”) discloses the Company’s Security Ownership
of Certain Beneficial Owners and Management and Related Stockholder Matters. The following chart replaces the same chart on page
24 of the Original Filing.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The
following table sets forth certain information regarding the beneficial ownership of the Company’s Common Stock, its only
class of outstanding voting securities as of April 26, 2021, by (i) each person who is known to the Company to own beneficially
more than 5% of the outstanding common Stock with the address of each such person, (ii) each of the Company’s present directors
and officers, and (iii) all officers and directors as a group:
Name of Beneficial Owner (1)
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Number of Shares Beneficially Owned (2)
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Percentage (4)
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Najeeb Ghauri
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(3)
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785,201
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6.94
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%
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Naeem Ghauri
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(3)(6)
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406,689
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3.60
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%
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Shahid Javed Burki
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(3)(6)
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159,611
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1.41
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%
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Mark Caton
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(3)
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99,597
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*
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Henry Tolentino
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(3)
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27,313
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*
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Patti McGlasson
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(3)
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80,109
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*
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Roger Almond
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(3)
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27,913
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*
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Kausar Kazmi
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(3)
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11,445
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*
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Malea Farsai
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(3)
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39,811
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*
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Renaissance Technologies Holdings Corp.
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(5)
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793,360
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7.01
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%
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All officers and directors as a group (nine persons)
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1,637,689
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11.95
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%
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*
Less than one percent
(1)
Except as otherwise indicated, the Company believes that the beneficial owners of the common stock listed below, based on information
furnished by such owners, have sole investment and voting power with respect to such shares, subject to community property laws
where applicable. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and
generally includes voting or investment power with respect to securities.
(2)
Beneficial ownership is determined in accordance with the rules of the Commission and generally includes voting or investment
power with respect to securities. Shares of common stock relating to share grants that will vest or options currently exercisable
or exercisable within 60 days of April 26, 2021, are deemed outstanding for computing the percentage of the person holding such
securities but are not deemed outstanding for computing the percentage of any other person. Except as indicated by footnote, and
subject to community property laws where applicable, the persons named in the table above have sole voting and investment power
with respect to all shares shown as beneficially owned by them.
(3)
Address c/o NETSOL at 23975 Park Sorrento, Suite 250, Calabasas, CA 91302.
(4)
Shares issued and outstanding as of April 26, 2021 were 12,157,871 and 11,306,680, respectively as the latter does not include
treasury shares.
(5)
5% or greater shareholder based on Schedule 13G filing on February 10, 2021.
(6)
Messrs. Naeem Ghauri and Shahid Javed Burki did not stand for reelection in June 2020.
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