NET 1 UEPS TECHNOLOGIES, INC. (NASDAQ:UEPS) Files An 8-K Submission of Matters to a Vote of Security Holders

NET 1 UEPS TECHNOLOGIES, INC. (NASDAQ:UEPS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.

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The annual meeting of shareholders of Net 1 UEPS Technologies, Inc. (the “Company”) was held on November 15, 2017.

Proposal No. 1—Election of Directors

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

Votes Broker
Director Votes for withheld non-votes
Herman G. Kotzé 40,309,548 1,979,831 5,889,733
Christopher S. Seabrooke 25,417,480 16,871,899 5,889,733
Alasdair J.K. Pein 29,827,900 12,461,479 5,889,733
Paul Edwards 29,830,080 12,459,299 5,889,733
Alfred T. Mockett 41,743,088 546,291 5,889,733

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, 2018, was approved and the votes cast were as follows:

Votes cast
For Against Abstain
48,026,811 137,780 14,521

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
Broker
For Against Abstain non-votes
27,603,002 11,874,344 2,812,033 5,889,733

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

The votes cast on this proposal were as follows:

Votes cast
Every Every Broker
Every year two years three years Abstain non-votes
38,979,574 2,628,827 653,763 27,215 5,889,733

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


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.

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