NetSol Technologies Inc. Common Stock filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 13, 2024, 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 18, 2024 the record date, 61.15% or 6,975,119 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 were elected directors of the Company to hold office until the next Annual General Meeting of the Shareholders. A total of 5,901,585 shares of common stock cast votes for directors. The following sets forth the tabulation of the shares voted for each director:
| Director | For | Against | Abstain | % of Total Voted For * | |||||||||||
| Najeeb Ghauri | 5,372,671 | 523,111 | 5,804 | 91.12% | |||||||||||
| Mark Caton | 5,097,516 | 799,211 | 4,859 | 86.44% | |||||||||||
| Malea Farsai | 5,364,667 | 532,019 | 4,900 | 90.97% | |||||||||||
| Michael Francis | 5,325,263 | 571,965 | 4,358 | 90.30% | |||||||||||
| Kausar Kazmi | 5,343,273 | 554,127 | 4,186 | 90.60% | |||||||||||
2. 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 | For | Against | Abstain | % of Total Voted in Favor * | ||||||||||||
| 5,901,586 | 5,332,813 | 549,278 | 19,495 | 90.66% | ||||||||||||
4. Ratification of Appointment of Auditors:
Fortune CPA, Inc. was appointed as Auditors for the Company for the fiscal year ending June 30, 2024. 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 * | ||||||||||||
| 6,975,119 | 6,621,137 | 167,009 | 186,973 | 97.53% | ||||||||||||
* Less Abstention/Withheld
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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: | June 13, 2024 | /s/ Najeeb Ghauri | |
| NAJEEB GHAURI | |||
| Chief Executive Officer | |||
| Date: | June 13, 2024 | /s/ Roger K. Almond | |
| ROGER K. ALMOND | |||
| Chief Financial Officer |
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