UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 15, 2023
LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
| Florida | 000-31203 | 98-0171860 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)
Registrant’s telephone number, including area code: 011-27-11-343-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading Symbols | | Name of each exchange on which registered |
| Common Shares | | LSAK | | NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07. Submission of Matters to a Vote of Security Holders.
The following is a summary of the voting results for each matter presented to shareholders at the Annual Meeting.
Proposal No. 1-Election of Directors
All director nominees were elected and the votes cast were as follows:
| Director | | Votes for | | |
Votes
withheld | | | Broker
non-votes | |
| Kuben Pillay | | 35,287,463 | | | 843,221 | | | 10,296,741 | |
| Chris G.B. Meyer | | 35,550,020 | | | 580,664 | | | 10,296,741 | |
| Naeem E. Kola | | 34,331,184 | | | 1,799,500 | | | 10,296,741 | |
| Antony C. Ball | | 35,068,675 | | | 1,062,009 | | | 10,296,741 | |
| Nonku N. Gobodo | | 36,074,690 | | | 55,994 | | | 10,296,741 | |
| Javed Hamid | | 36,017,670 | | | 113,014 | | | 10,296,741 | |
| Steven J. Heilbron | | 33,955,039 | | | 2,175,645 | | | 10,296,741 | |
| Lincoln C. Mali | | 34,306,684 | | | 1,824,000 | | | 10,296,741 | |
| Ali Mazanderani | | 34,943,929 | | | 1,186,755 | | | 10,296,741 | |
| S. Vennessa Naidoo | | 36,075,196 | | | 55,488 | | | 10,296,741 | |
| Monde Nkosi | | 35,501,599 | | | 629,085 | | | 10,296,741 | |
| Ekta Singh-Bushell | | 35,641,944 | | | 488,740 | | | 10,296,741 | |
Proposal No. 2-Ratification of Selection of Independent Registered Public Accounting Firm
The ratification of the selection of KPMG, Inc. as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024, was approved and the votes cast were as follows:
| | Votes cast | | | | |
| | For | | | Against | | | Abstain | |
| | 45,986,911 | | | 418,327 | | | 22,187 | |
Proposal No. 3-Advisory Vote to Approve Executive Compensation
The compensation of the Company's named executive officers was approved, on an advisory, non-binding basis, and the votes cast were as follows:
| | Votes cast | | | | | | | |
| | For | | | Against | | | Abstain | | | Broker non-
votes | |
| | 33,975,194 | | | 1,138,740 | | | 1,016,750 | | | 10,296,741 | |
Proposal No. 4-A Non-Binding Advisory Vote Regarding Whether an Advisory Vote on Executive Compensation Will Occur Every One, Two or Three Years
The votes cast on this proposal were as follows:
| | Votes cast | | | | | | | |
| | Every year | | | Every
two years | | | Every
three years | | | Abstain | | | Broker non-
votes | |
| | 28,803,417 | | | 2,536 | | | 7,058 | | | 20,245 | | | 17,594,169 | |
The Company will hold future advisory votes on executive compensation every year.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibits | Description |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | LESAKA TECHNOLOGIES, INC. |
| | | |
| Date: November 15, 2023 | By: | /s/ Naeem E. Kola |
| | Name: | Naeem E. Kola |
| | Title: | Group Chief Financial Officer |
