0001493152-15-002255.txt : 20150527 0001493152-15-002255.hdr.sgml : 20150527 20150527162613 ACCESSION NUMBER: 0001493152-15-002255 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150527 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20150527 DATE AS OF CHANGE: 20150527 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: 15892662 BUSINESS ADDRESS: STREET 1: 24025 PARK SORRENTO STREET 2: SUITE 410 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182229195 MAIL ADDRESS: STREET 1: 24025 PARK SORRENTO STREET 2: SUITE 410 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 form8-k.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): May 27, 2015

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.)

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 May 27, 2015, 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 April 15, 2015, the record date, 81.02% or 8,281,514 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 4,524,487 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		4,114,362		410,125		90.94	%
Naeem Ghauri		4,122,041		402,446		91.11	%
Asad Ghauri		4,052,086		472,401		89.56	%
Shahid Burki		3,417,241		1,107,246		75.53	%
Eugen Beckert		3,385,819		1,138,668		74.83	%
Mark Caton		3,424,911		1,099,576		75.70	%
Jeffrey Bilbrey		3,392,460		1,132,027		74.98	%

2. Ratification of Appointment of Auditors

Kabani & Company Inc. was appointed as Auditors for the Company for the fiscal year ended June 30, 2015. 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
8,150,770				7,373,338				777,432				67,744				89.71	%

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
4,524,487				2,586,230				1,878,307				59,950				57.16	%

4. Approval of the Company’s 2015 Equity Incentive Plan

The Company sought approval of the 2015 Equity Incentive Plan which was adopted by the board of directors, subject to shareholder approval on March 31, 2015. The following sets forth the tabulation of the shares voting for this matter.

Total Shares Voted			For				Against				Abstain				% of Total Voted in Favor
4,524,487				2,616,479				1,859,584				48,424				57.82	%

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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.

	NETSOL TECHNOLOGIES, INC.

Date: May 27, 2015	/s/ Najeeb Ghauri
	NAJEEB GHAURI
	Chief Executive Officer

Date: May 27, 2015	/s/ Roger K. Almond
	ROGER K. ALMOND
	Chief Financial Officer

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