NET 1 UEPS TECHNOLOGIES, INC. (NASDAQ:UEPS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On April 6, 2017, the Board of Directors (the Board) of Net 1
UEPS Technologies, Inc. (the Company) appointed Mr. Christopher
S. Seabrooke, an independent director of the Company since 2005,
as Chairman of the Board.
On April 6, 2017, Mr. Serge C.P. Belamant, Chief Executive
Officer and Chairman of the Board, tendered his resignation as
Chairman of the Board, effective as of such date. Mr. Belamants
resignation was not due to any dispute or disagreement with the
Company over any matter relating to the Companys operations,
policies or practices. He will remain in his positions as a
member of the Board and Chief Executive Officer of the Company.
There are no understandings or arrangements between Mr. Seabrooke
and any other person to which Mr. Seabrooke was selected as the
Chairman of the Board. There is no family relationship between
Mr. Seabrooke with any of the other officers and directors, or
person nominated or chosen by the Company to become an officer or
director.
Item 9.01. Financial Statements and Exhibits.
| (d) |
Exhibits |
| Exhibit | |
| No. | Description |
| 99.1 | Press Release, dated April 6, 2017, issued by the Company |
About NET 1 UEPS TECHNOLOGIES, INC. (NASDAQ:UEPS)
Net 1 UEPS Technologies, Inc. is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The Company operates through three segments: South African transaction processing, International transaction processing, and Financial inclusion and applied technologies. The Company also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. It offers secure online transaction processing, cryptography, mobile telephony, integrated circuit card (chip/smart card) technologies, and the design and provision of financial and value-added services to its cardholder base. NET 1 UEPS TECHNOLOGIES, INC. (NASDAQ:UEPS) Recent Trading Information
NET 1 UEPS TECHNOLOGIES, INC. (NASDAQ:UEPS) closed its last trading session up +0.53 at 11.58 with 205,346 shares trading hands.
