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): April 27, 2010 (April 23, 2010)
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) |
23901 Calabasas Road, Suite 2072, Calabasas, CA 91302
(Address of principal executive offices) (Zip Code)
(818) 222-9195 / (818) 222-9197
(Issuer's telephone/facsimile numbers, including area code)
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Item 5.07 Submission of Matters to a Vote of Security Holders.
As previously reported, on April 12, 2010, NetSol Technologies, Inc. (the "Company") convened its annual meeting of shareholders.
The following persons were elected directors of the Company to hold office until the next Annual General Meeting of the Shareholders. A total of 28,430,492 shares were cast. The following sets forth the tabulation of the shares voted for each director:
Director | For | Withhold | Broker Non-Votes | % of Total Voted |
Najeeb Ghauri | 18,382,750 | 718,483 | 9,329,259 | 64.65% |
Naeem Ghauri | 18,413,010 | 688,223 | 9,329,259 | 64.76% |
Salim Ghauri | 18,415,832 | 685,401 | 9,329,259 | 64.77% |
Shahid Burki | 18,408,802 | 692,431 | 9,329,259 | 64.75% |
Eugen Beckert | 18,416,222 | 685,011 | 9,329,259 | 64.77% |
Mark Caton | 18,402,131 | 699,102 | 9,329,259 | 64.72% |
Alexander Shakow | 18,414,071 | 687,162 | 9,329,259 | 64.76% |
2. Ratification of Appointment of Auditors
Kabani & Company Inc. was appointed as Auditors for the Company for the fiscal year ended June 30, 2010. The following sets forth the tabulation of the shares voting for this matter.
Total Shares Voted | For | Against | Abstain | Broker Non-Votes | Percent |
28,430,492 | 28,065,151 | 274,083 | 91,258 | 0 | 98.71% |
The annual meeting of shareholders was adjourned and reconvened on April 23, 2010 to meet on the final proposal before the shareholders.
3. Approval of Issuance of Shares of Common Stock and Shares of Common Stock underlying warrants.
The shareholders approved the issuance of shares of common stock and shares of common stock underlying warrants from a 2007 private placement. The following sets forth the tabulation of the shares voting in connection with this proposal:
Total Shares Voted | For | Against | Abstain | Broker Non-Votes | Percent |
28,988,181* | 14,835,496 | 5,485,685 | 47,947 | 8,619,053 | 51.17% |
*total shares voted differs from the April 12, 2010 as polls were left open for this proposal until the adjourned meeting on April 23, 2010.
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: April 27, 2010 | /s/ Najeeb Ghauri | ||
NAJEEB GHAURI | |||
Chief Executive Officer | |||
Date: April 27, 2010 | /s/ Boo Ali Siddiqui | ||
BOO ALI SIDDIQUI | |||
Chief Financial Officer |
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