0001171843-13-002851.txt : 20130719 0001171843-13-002851.hdr.sgml : 20130719 20130719160027 ACCESSION NUMBER: 0001171843-13-002851 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130719 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20130719 DATE AS OF CHANGE: 20130719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NETSOL TECHNOLOGIES INC CENTRAL INDEX KEY: 0001039280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954627685 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22773 FILM NUMBER: 13977089 BUSINESS ADDRESS: STREET 1: 23901 CALABASAS ROAD STREET 2: SUITE 2072 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182229195 MAIL ADDRESS: STREET 1: 23901 CALABASAS ROAD STREET 2: SUITE 2072 CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: NETSOL INTERNATIONAL INC DATE OF NAME CHANGE: 19990819 FORMER COMPANY: FORMER CONFORMED NAME: MIRAGE HOLDINGS INC DATE OF NAME CHANGE: 19970519 8-K 1 f8k_071913.htm FORM 8-K f8k_071913.htm
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): July 19, 2013


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 July 17, 2013, NetSol Technologies, Inc. (the "Company") convened its annual meeting of shareholders.  The following 4 proposals were submitted to a vote of security holders.  Of the total issued and outstanding shares as of May 29, 2013, the record date, 84.54% or 7,549,664 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 4,387,570 shares of common stock cast votes.  The following sets forth the tabulation of the shares voted for each director:

Director
  
For
  
Withhold
  
% of Total Voted For
Najeeb Ghauri
     4,056,824       353,826       91.98 %
Naeem Ghauri
     4,052,003       358,647       91.87 %
Salim Ghauri
     3,848,377       562,273       87.25 %
Shahid Burki
     3,414,276       973,294       77.93 %
Eugen Beckert
     3,417,426       970,144       78.00 %
Mark Caton
     3,407,450       980,120       77.78 %
Jeffrey Bilbrey
     4,228,786       158,784       96.40 %

2.  Ratification of Appointment of Auditors

Kabani & Company Inc. was appointed as Auditors for the Company for the fiscal year ended June 30, 2013.  The following sets forth the tabulation of the shares voting for this matter.

Total Shares Voted
For
Against
Abstain
% of Total Voted in Favor
7,549,664
7,304,642
207,818
37,204
96.75%

3.  2013 Equity Incentive Plan

The shareholders approved the adoption of the Company’s 2013 Equity Incentive Plan.  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
4,410,650
2,928,189
1,454,118
28,343
66.38%
 
4. To approve on an advisory basis the named executive officer compensation 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 
4,387,540
4,055,732
322,808
32,110
91.91%
 
 
 
 
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:           July 19, 2013                                              /s/Najeeb Ghauri
NAJEEB GHAURI
Chief Executive Officer


Date:           July 19, 2013                                             /s/ Boo Ali Siddiqui
BOO ALI SIDDIQUI
Chief Financial Officer