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 12, 2018

 

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)

 

23975 Park Sorrento, Suite 250, 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 12, 2018, 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 30, 2018, the record date, 91.45% or 10,466,414 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 6,755,173 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 in Favor
Najeeb Ghauri			6,188,507				580,492				4,452				91.42	%
Naeem Ghauri			6,186,251				582,758				4,442				91.39	%
Eugen Beckert			4,968,201				1,802,002				3,248				73.38	%
Shahid Burki			4,967,489				1,802,586				3,376				73.37	%
Mark Caton			5,019,347				1,750,997				3,107				74.13	%
Malea Farsai			6,293,151				476,812				3,488				92.95	%
Henry Tolentino			6,658,420				111,578				3,453				98.35	%

 

2. Ratification of Appointment of Auditors:

 

KSP Group, Inc. was appointed as Auditors for the Company for the fiscal year ended June 30, 2018. 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
	10,466,414				9,304,212				1,313,537				30,665				89.15	%

 

3. To approve, on an advisory basis, compensation of the named executive officers in this Proxy Statement:

 

The shareholders approved on an advisory basis the named executive officer compensation. The following sets forth the tabulation of the shares voting in connection with this proposal:

 

Total Shares Voted				For				Against				Abstain				% of Total Voted in Favor
	6,773,451				4,196,455				2,568,590				8,406				62.03	%

  

 

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 12, 2018	/s/ Najeeb Ghauri
		NAJEEB GHAURI
		Chief Executive Officer
Date:	June 12, 2018	/s/ Roger K. Almond
		ROGER K. ALMOND
		Chief Financial Officer