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): March 23, 2009 (March 19,
2009)
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
5.02 Departure of Officer/Appointment of
Officer
Mr. Dan
Lee has tendered his resignation effective March 31, 2009 from the position of
Chief Financial Officer for NetSol Technologies, Inc. (the “Company” or
“NetSol”) in response to and as part of the Company’s overall cost cutting
measures. There is no disagreement between Mr. Lee and the Company in
connection with its business and financials. NetSol has appointed Mr.
Boo-Ali Siddiqui as Chief Financial Officer. Mr. Siddiqui has held
the position of Senior Vice President, Chief Financial Officer and Company
Secretary of our Karachi Stock Exchange listed subsidiary, NetSol Technologies
Ltd since 2005. Prior to joining NetSol, Mr. Siddiqui was Deputy
Registrar of Companies at the Securities Exchange Commission
Pakistan. He is a Chartered Accountant who held has held auditing
positions with Ernst & Young affiliated accounting firms in
Pakistan. Mr. Siddiqui’s compensation arrangement will immediately
remain unchanged from his previous position with NetSol.
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.
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NETSOL
TECHNOLOGIES, INC.
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Date: March
23, 2009
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/s/ Najeeb
Ghauri |
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NAJEEB
GHAURI |
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Chief
Executive Officer |
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