NETSOL TECHNOLOGIES INC — Regulatory Filings 2021

Jun 15, 2021

8-K 1 form8-k.htm

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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

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Date of Report (Date of earliest event reported): June 14, 2021

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 Incorporation or Organization)	(I.R.S. Employer NO.)

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)

Securities registered pursuant to Section 12(b) of the Act:

| Title
of each Class | Trading
Symbol(s) | Name
of each exchange on which registered |
| --- | --- | --- |
| Common | NTWK | Nasdaq |

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Item 5.07 Submission of Matters to a Vote of Security Holders .

On June 14, 2021, 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 26, 2021, the record date, 61.84% or 6,992,482 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 5,436,012 shares of common stock cast votes. The following sets forth the tabulation of the shares voted for each director:

Director — Najeeb Ghauri	5,252,727	180,444	2,841	96.67 %
Mark Caton	5,218,324	212,381	5,307	96.08 %
Malea Farsai	5,255,760	174,999	5,253	96.77 %
Henry Tolentino	5,241,386	188,480	6,146	96.52 %
Syed Kausar Kazmi	5,222,195	208,378	5,439	96.16 %

1. Ratification of Appointment of Auditors:

BF Borgers, CPA was appointed as Auditors for the Company for the fiscal year ending June 30, 2021. 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 — 6,992,482	6,917,865	28,681	45,936	99.58 %

1. 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 — 5,436,012	5,183,689	231,668	20,655	95.72 %

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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.

| Date: | June
15, 2021 | NETSOL
TECHNOLOGIES, INC. — /s/
Najeeb Ghauri |
| --- | --- | --- |
| | | NAJEEB
GHAURI |
| | | Chief
Executive Officer |
| Date: | June
15, 2021 | /s/
Roger K. Almond |
| | | ROGER
K. ALMOND |
| | | Chief
Financial Officer |

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