NETSOL TECHNOLOGIES INC 8-K

What Happened
NetSol Technologies Inc. filed an 8-K (Jan 26, 2026) reporting that effective January 20, 2026, Sardar Abubakr was appointed Chief Financial Officer. Mr. Abubakr will receive a base salary and benefits totaling approximately $280,000 per year and may receive bonuses tied to key performance indicators. The company’s former CFO, Roger Almond, will remain with NetSol as Chief Accounting Officer under his prior terms. The filing states Mr. Abubakr has no family ties with company officers or directors and is not party to any material related transactions.

Key Details

• Effective date: January 20, 2026.
• Compensation: base salary, health, travel and educational benefits totaling about $280,000 annually; bonus opportunities based on KPIs.
• Background: 2023–2025 — V.P. & Head of Fintech Future, M&A and New Business Ventures at Jazz (VEON subsidiary); 2020–2023 — COO and CFO for CDO Mobilink Bank/JazzCash and led formation of Raqami Digital Bank (served as CBO/Interim CEO).
• Corporate continuity: former CFO Roger Almond transitions to Chief Accounting Officer and will continue under existing terms.

Why It Matters
A new CFO is a material leadership change that can affect financial strategy, reporting, and investor confidence. NetSol keeps continuity in accounting leadership by retaining the former CFO as Chief Accounting Officer, which may ease the transition. The filing discloses compensation and confirms no related-party conflicts, giving investors clear, concrete facts about the change.