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

false 2021-11-17 0001041514 Net 1 UEPS Technologies, Inc. 0001041514 2021-11-17 2021-11-17

Washington, D.C. 20549


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 17, 2021

(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

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))

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

Title of each class   Trading Symbols   Name of each exchange on which registered
Common stock, par value $0.001 per share   UEPS   NASDAQ Global Select Market

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 17, 2021.

Proposal No. 1-Election of Directors

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

Director Votes for Votes
Kuben Pillay 34,486,533 735,140 8,651,284
Chris G.B. Meyer 34,402,921 818,752 8,651,284
Alex M.R. Smith 32,218,624 3,003,049 8,651,284
Antony C. Ball 33,479,590 1,742,083 8,651,284
Nonku N. Gobodo 34,647,665 574,008 8,651,284
Ian O. Greenstreet 33,612,010 1,609,663 8,651,284
Javed Hamid 34,623,241 598,432 8,651,284
Lincoln Mali 32,694,174 2,527,499 8,651,284
Ali Mazanderani 33,628,193 1,593,480 8,651,284
Monde Nkosi 32,351,288 2,870,385 8,651,284
Ekta Singh-Bushell 33,698,958 1,522,715 8,651,284

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, 2022, was approved and the votes cast were as follows:

Votes cast  
For Against Abstain
43,831,768 32,715 8,474

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-
20,476,691   6,787,483     7,957,499     8,651,284  


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.

Date: November 17, 2021 By: /s/ Alex M.R. Smith
Name: Alex M.R. Smith
Title: Chief Financial Officer