Filed by newsfilecorp.com - Net 1 UEPS Technologies, Inc.: 8-K

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 12, 2020  (November 11, 2020)

NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Florida 000-31203 98-0171860
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: 011-27-11-343-2000

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Shares   UEPS   NASDAQ Global Select Market
         

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


 

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

The annual meeting of shareholders of Net 1 UEPS Technologies, Inc. (the "Company") was held on November 11, 2020.

Proposal No. 1-Election of Directors

All director nominees were elected and the votes cast were as follows:

Director
Votes for
Votes
withheld

Broker
non-votes
Jabu A. Mabuza   29,203,387   987,558   12,543,326
Alex M.R. Smith   28,324,720   1,866,225   12,543,326
Antony C. Ball   28,789,843   1,401,102   12,543,326
Ian O. Greenstreet   29,214,988   975,957   12,543,326
Ali Mazanderani   28,334,222   1,856,723   12,543,326
Kuben Pillay   29,202,612   988,333   12,543,326
Ekta Singh-Bushell   23,542,753   6,648,192   12,543,326

Proposal No. 2-Ratification of Selection of Independent Registered Public Accounting Firm

The ratification of the selection of Deloitte & Touche (South Africa) as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2021, was approved and the votes cast were as follows:

Votes cast  
For Against Abstain
41,739,130 948,783 46,358

Proposal No. 3-A Non-Binding Advisory Vote to Approve Executive Compensation

The compensation of the Company's named executive officers was approved, on an advisory, non-binding basis, and the votes cast were as follows:

Votes cast
       
For
Against
Abstain
Broker non-votes
11,689,603   11,090,739   7,410,603   12,543,326

Proposal No. 4-A Non-Binding Advisory Vote Regarding Whether an Advisory Vote on Executive Compensation Will Occur Every One, Two or Three Years

The votes cast on this proposal were as follows:

Votes cast

     
Every year
Every
two years

Every
three years

Abstain
Broker non-
votes
30,095,343   9,758   20,595   65,249   12,543,326

The Company will hold future advisory votes on executive compensation every year.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NET 1 UEPS TECHNOLOGIES, INC.

Date: November 12, 2020

By: /s/ Alex M.R. Smith

Name: Alex M.R. Smith

Title: Chief Financial Officer