---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020473"
form_type: "8-K"
ticker: "NTWK"
cik: "0001039280"
company_name: "NETSOL TECHNOLOGIES INC"
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:34:46.593393+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# NetSol shareholders elect all five director nominees and approve say-on-pay at annual meeting

## Summary
- 75.15% of outstanding shares (8,492,255) voted; each director received over 75% of votes cast.
- Say-on-pay approved with 74.95% of votes cast in favor; annual frequency for future votes received 95.88% support.
- Ratification of BF Borgers as auditors for FY 2023 passed with 97.04% of total shares voted in favor.
- Broker non-votes excluded from director election and advisory proposals but counted for quorum.

## SEC filing metadata
- accession: 0001493152-23-020473
- form_type: 8-K
- ticker: NTWK
- cik: 0001039280
- company_name: NETSOL TECHNOLOGIES INC
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039280/000149315223020473/0001493152-23-020473-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039280/000149315223020473/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020473
- JSON: https://secwatch.observer/filing/0001493152-23-020473.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020473.txt

## Key facts
- Shareholder Votes
  NETSOL TECHNOLOGIES INC shareholders approved To approve, on an advisory basis, compensation of the named executive officers in this Proxy Statement at the 2023-06-07 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315223020473/0001493152-23-020473-index.htm
- Shareholder Votes
  NETSOL TECHNOLOGIES INC shareholders approved Election of Directors at the 2023-06-07 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: 1. Election of Directors The following were elected directors of the Company to hold office until the next Annual General Meeting of the Shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315223020473/0001493152-23-020473-index.htm
- Shareholder Votes
  NETSOL TECHNOLOGIES INC shareholders approved To approve, on an advisory basis, vote on frequency of Future Shareholders' Votes on Named Executive Officer Compensation at the 2023-06-07 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: 3. To approve, on an advisory basis, vote on frequency of Future Shareholders' Votes on Named Executive Officer Compensation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315223020473/0001493152-23-020473-index.htm
- Shareholder Votes
  NETSOL TECHNOLOGIES INC shareholders approved Ratification of Appointment of Auditors: BF Borgers, CPA at the 2023-06-07 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-07
  source text: 4. Ratification of Appointment of Auditors: BF Borgers, CPA was appointed as Auditors for the Company for the fiscal year ending June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315223020473/0001493152-23-020473-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.