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NetSol Technologies Inc.

06/15/2021 | Press release | Distributed by Public on 06/15/2021 10:40

Submission of Matters to a Vote of Security Holders (Form 8-K)

Submission of Matters to a Vote of Security Holders.

On June 14, 2021, 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 26, 2021, the record date, 61.84% or 6,992,482 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 persons were elected directors of the Company to hold office until the next Annual General Meeting of the Shareholders. A total of 5,436,012 shares of common stock cast votes. The following sets forth the tabulation of the shares voted for each director:

Director For Against Abstain % of Total Voted For
Najeeb Ghauri 5,252,727 180,444 2,841 96.67 %
Mark Caton 5,218,324 212,381 5,307 96.08 %
Malea Farsai 5,255,760 174,999 5,253 96.77 %
Henry Tolentino 5,241,386 188,480 6,146 96.52 %
Syed Kausar Kazmi 5,222,195 208,378 5,439 96.16 %

2. Ratification of Appointment of Auditors:

BF Borgers, CPA was appointed as Auditors for the Company for the fiscal year ending June 30, 2021. 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
6,992,482 6,917,865 28,681 45,936 99.58 %

3. 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
5,436,012 5,183,689 231,668 20,655 95.72 %
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