NetSol Technologies (NTWK) appoints new CFO while former CFO shifts to accounting role

Rhea-AI Filing Summary

NetSol Technologies, Inc. appointed Sardar Abubakr as Chief Financial Officer, effective January 20, 2026. He will receive base salary, health, travel and educational benefits totaling approximately $280,000 per year, and will be eligible for bonuses based on key performance indicators set from time to time.

The company states that Mr. Abubakr has no direct or indirect material interest in any company transactions and no family relationships with existing directors or executive officers. He previously held senior roles at Jazz, a subsidiary of VEON, and at CDO Mobilink Bank/Jazzcash, and helped form Raqami Digital Bank. Former CFO Roger Almond will remain with NetSol Technologies as Chief Accounting Officer under the same terms and conditions as in his prior role.

Insights

Corporate governance and executive compensation analyst

NetSol adds a new CFO while retaining the former CFO as chief accounting officer, signaling continuity with modest leadership change.

NetSol Technologies, Inc. named Sardar Abubakr Chief Financial Officer effective January 20, 2026, with total annual base compensation and benefits of about $280,000 plus performance-based bonuses tied to key performance indicators determined over time. This places clear emphasis on variable pay linked to measurable outcomes rather than purely fixed compensation.

The company notes there are no related-party or family relationships involving Mr. Abubakr, which supports standard governance and independence expectations. His background at Jazz, a subsidiary of VEON, CDO Mobilink Bank/Jazzcash, and Raqami Digital Bank suggests experience across fintech, banking and digital ventures, though the impact on NetSol’s results will depend on future execution.

Importantly, former CFO Roger Almond continues as Chief Accounting Officer under his prior terms, which may help preserve institutional knowledge and reporting continuity while the new CFO steps into a broader strategic and financial leadership role.

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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): January 26, 2026

Commission file number: 0-22773

NETSOL TECHNOLOGIES, INC.

(Exact name of small business issuer as specified in its charter)

nevada		95-4627685
(State or other Jurisdiction of		(I.R.S. Employer NO.)
Incorporation or Organization)

16000 Ventura Blvd, Suite 770

Encino, CA 91436

(Address of principal executive offices) (Zip Code)

(818) 222-9195 / (818) 222-9197

(Issuer’s telephone/facsimile numbers, including area code)

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 (see General Instruction A.2. below):

☐	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 Symbol(s)		Name of each exchange on which registered
Common Stock, $.01 par value per share		NTWK		NASDAQ

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers..

Effective January 20, 2026, Mr. Sardar Abubakr was appointed Chief Financial Officer of NetSol Technologies, Inc. Other than his employment relationship, Mr. Abubakr does not have a direct or indirect material interest in any transaction to which the Company is a party. There are no family relationships between Mr. Abubakr and any of the Company’s other directors, executive officers or persons nominated or chosen by the Company to become directors or executive officers.

Mr. Abubakr will receive a base salary, health, travel and educational benefits totaling approximately $280,000 per year and will be entitled to receive bonuses based on key performance indicators as may be determined from time to time.

Prior to joining NetSol Technologies, Inc., from 2023 to 2025, Mr. Abubakr served as V.P and Head of Fintech Future, M&A and New Business Ventures for Jazz, a subsidiary of VEON, a Nasdaq listed digital operator. From 2020 through 2023, he served as COO, and CFO for CDO Mobilink Bank/Jazzcash. During that period he led the formation of Raqami Digital Bank, where he also served as CBO/Interim CEO.

NetSol Technologies Inc.’s former CFO, Mr. Roger Almond, shall continue with the company under the same terms and conditions of this previous position as Chief Accounting Officer.

The information in this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document field under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Page 2

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.

		NETSOL TECHNOLOGIES, INC.
Date:	January 26, 2026	/s/ Najeeb Ghauri
		NAJEEB GHAURI
		Chief Executive Officer
Date:	January 26, 2026	/s/ Sardar Abubakr
		SARDAR ABUBAKR
		Chief Financial Officer

Page 3

FAQ

Who is the new CFO of NetSol Technologies (NTWK)?

The new Chief Financial Officer of NetSol Technologies, Inc. is Sardar Abubakr, appointed effective January 20, 2026.

What is the compensation package for NetSol Technologies (NTWK) new CFO?

Sardar Abubakr will receive base salary, health, travel and educational benefits totaling approximately $280,000 per year, plus eligibility for bonuses based on key performance indicators.

Does NetSol Technologies (NTWK) disclose any related-party or family relationships for the new CFO?

The company states that Sardar Abubakr has no direct or indirect material interest in any company transaction and no family relationships with NetSol’s directors, executive officers, or nominees.

What is the professional background of NetSol Technologies (NTWK) new CFO, Sardar Abubakr?

From 2023 to 2025, Sardar Abubakr served as V.P and Head of Fintech Future, M&A and New Business Ventures for Jazz, a subsidiary of VEON. From 2020 through 2023, he was COO and CFO for CDO Mobilink Bank/Jazzcash and led the formation of Raqami Digital Bank, where he also served as CBO/Interim CEO.

What role will former CFO Roger Almond have at NetSol Technologies (NTWK)?

Former CFO Roger Almond will continue with NetSol Technologies, Inc. as Chief Accounting Officer under the same terms and conditions as his previous position as Chief Financial Officer.

Does this NetSol Technologies (NTWK) update affect liability under the Exchange Act?

The company states that the information in this report is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liability of that section, except where specifically incorporated by reference.