------------------
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
-------------------
JUNE 12, 2001
----------------
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
NETSOL INTERNATIONAL, INC.
--------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA
------
(STATE OR OTHER JURISDICTION OF INCORPORATION)
333-28861 95-4627685
------------------------ ---------------------------------
(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
24025 PARK SORRENTO, SUITE 220, CALABASAS, CA 91302
---------------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (818) 222-9195
------------------------
ITEM 5. OTHER EVENTS
On June 11, 2001 the management of the Registrant obtained a temporary
restraining order prohibiting Netsol Shareholders Group, LLC and the
directors it claims to have elected to the Registrant's board of directors
from taking any action whatsoever with respect to the Registrant, at least
until a court hearing scheduled for Friday, June 15, 2001. In granting the
temporary restraining order the Court found that the Registrant had shown a
reasonable probability of success on the merits of its claim, specifically
that the defendants are not properly elected members of the board of
directors of Netsol International, Inc. and that their purported election
violates Nevada law.
A copy of the Press Release announcing the temporary restraining order, which
was filed by the Registrant as DEFA14A, additional proxy soliciting materials -
definitive, with the Securities and Exchange Commission on June 12, 2001, is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following documents are filed as exhibits to this report:
99.1 Press Release dated June 12, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: June 12, 2001 NetSol International, Inc.
Registrant
By: /s/ NAJEEB GHAURI
------------------------------
Najeeb Ghauri
Its: Chief Executive Officer