Unassociated Document
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC
20549
SCHEDULE 14A
(Rule 14a-101)
SCHEDULE 14A
INFORMATION
Proxy Statement
Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
(Amendment No.)
Filed by the
Registrant þ
Filed by a Party other than the Registrant
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Check the
appropriate box:
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Preliminary
Proxy Statement
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Confidential,
for Use of the Commission Only
(as
permitted by Rule 14a-6(e)(2))
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Definitive
Proxy Statement
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þ
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Definitive
Additional Materials
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Soliciting
Material Under Rule 14a-12
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NetSol
Technologies, Inc.
(Name of Registrant as Specified In Its
Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than
the Registrant)
Payment of Filing
Fee (Check the appropriate box):
o
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No fee required. |
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Fee computed on table below per Exchange Act
Rules 14a-6(i)(1) and 0-11. |
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1)
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Title of
each class of securities to which transaction applies:
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Aggregate
number of securities to which transaction applies:
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3)
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Per unit
price or other underlying value of transaction computed pursuant to
Exchange Act Rule 0-11 (set forth the amount on which the filing fee
is calculated and state how it was determined):
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4)
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Proposed
maximum aggregate value of transaction:
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5)
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Total fee
paid:
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Fee paid previously with preliminary
materials: |
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Check box if any part of the fee is offset as
provided by Exchange Act Rule 0-11(a)(2) and identify the filing for
which the offsetting fee was paid previously. Identify the previous filing
by registration statement number, or the form or schedule and the date
of its filing. |
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1)
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Amount
previously paid:
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2)
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Form,
Schedule or Registration Statement No.:
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3)
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Filing
Party:
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4)
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Date
Filed:
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NETSOL
TECHNOLOGIES, INC. ANNOUNCES SHAREHOLDERS' MEETING RESULTS AND
ADJOURNMENT
On April 13, 2010, NetSol Technologies, Inc.
(the "Company") announced that at its annual meeting of shareholders convened on
April 12, 2010, Najeeb Ghauri, Salim Ghauri, Naeem Ghauri, Eugen Beckert, Shahid
Javed Burki, Mark Caton and Alexander Shakow were all re-elected to the
Company's Board of Directors. All directors hold office until the next
annual meeting of shareholders or until their successors are duly elected and
qualified. In addition, the shareholders ratified the selection of Kabani
& Company as the Company’s independent registered public accounting firm for
the fiscal year ending June 30, 2010.
The meeting was also called for the purpose
of approving an issuance of shares of common stock and shares of common stock
underlying warrants all issued as part of a financing which closed in June
2007. Approval of this proposal requires the approval of a majority of the
voting power of the outstanding shares present and entitled to vote on this
matter. Therefore, abstentions and broker non-votes have the same effect as
votes against such proposals. As of the time of the meeting, approximately
48% of the votes cast had been cast in favor of the proposal, with a substantial
number of broker non-votes and other shares not represented in the voting.
After considering the importance of the matter, the number of votes not cast and
the fact that shareholders represented at the meeting were so closely divided on
the proposal, shareholders present at the meeting approved a motion presented by
management to adjourn and reconvene the meeting to allow additional time to
solicit proxies from those shareholders who had not voted on the
proposal.
The Company's
annual meeting is adjourned to April 23, 2010, at 10:00 a.m. at the Company's
offices, located at 23901 Calabasas Road, Suite 2072, Calabasas, CA 91302.
Shareholders who have not voted on the proposal to approve the issuance of
shares are encouraged to do so promptly. For shareholders who have voted
on this proposal, no additional action is required. Proxies may be
submitted or revoked any time prior to the adjourned meeting on April 23,
2010. If you have more questions about the proposal or how to submit your
proxy, or if you need additional copies of this proxy statement or the enclosed
proxy card or voting instructions, please call the Company’s Investor Relations
or Georgeson at (800) 506-7188.
Shareholders and other investors are urged to
read the proxy statement, which contains important information that should be
read carefully before any decision is made with respect to this
proposal.