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NETSOL TECHNOLOGIES INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

June 16, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 12, 2014, NetSol Technologies, Inc. (the "Company") convened its annual meeting of shareholders. The following 2 proposals were submitted to a vote of security holders. Of the total issued and outstanding shares as of May 1, 2014, the record date, 77.94% or 7,133,081 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 2,007,596 shares of common stock cast votes. The following sets forth the tabulation of the shares voted for each director:

Director For Withhold % of Total Voted For Najeeb Ghauri 1,969,684 333,326 85.50% Naeem Ghauri 1,956,792 346,218 84.97% Asad Ghauri 1,935,867 367,143 84.06% Shahid Burki 1,745,322 557,688 75.78% Eugen Beckert 1,718,684 584,326 74.63% Mark Caton 1,736,414 566,596 75.40% Jeffrey Bilbrey 1,730,969 572,041 75.16%



2. Ratification of Appointment of Auditors

Kabani & Company Inc. was appointed as Auditors for the Company for the fiscal year ended June 30, 2014. The following sets forth the tabulation of the shares voting for this matter.

Total Shares Voted For Against Abstain % of Total Voted in Favor 7,133,081 6,631,461 397,688 121,931 92.71% Page2



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Source: Edgar Glimpses


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