Unassociated Document
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): July 27, 2010 (July 26,
2010)
Commission
file number: 0-22773
NETSOL
TECHNOLOGIES, INC.
(Exact
name of small business issuer as specified in its charter)
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NEVADA
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95-4627685
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(State
or other Jurisdiction of
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(I.R.S.
Employer NO.)
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Incorporation
or Organization)
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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 8.01 Other
Events
On July
27, 2010, NetSol Technologies, Inc., or the Company, issued a press release
announcing that its Board of Directors had authorized the repurchase of up to
2 million shares of its issued and outstanding common shares. The
repurchase plan is authorized for six months commencing July 27,
2010. A copy of the press release is attached as Exhibit 99.1 to
this Current Report on Form 8-K and is incorporated herein by
reference.
This
information and the exhibits hereto are being furnished and shall not be deemed
to be “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or otherwise subject to the liability of
that section, nor shall they be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits.
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Exhibit
No.
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Description
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99.1
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Text
of press release issued by NetSol Technologies, Inc. dated July 27, 2010,
regarding the share repurchase
program.
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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.
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Date: July
27, 2010
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/s/ Najeeb
Ghauri |
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NAJEEB
GHAURI |
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Chief
Executive Officer |
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| Date: July
27, 2010 |
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/s/
Boo-Ali Siddiqui |
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BOO-ALI
SIDDIQUI |
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Chief
Financial Officer |
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