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)
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 |
|