<SEC-DOCUMENT>0001062993-18-003774.txt : 20180918
<SEC-HEADER>0001062993-18-003774.hdr.sgml : 20180918
<ACCEPTANCE-DATETIME>20180918161042
ACCESSION NUMBER:		0001062993-18-003774
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180918
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180918
DATE AS OF CHANGE:		20180918

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NET 1 UEPS TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001041514
		STANDARD INDUSTRIAL CLASSIFICATION:	FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099]
		IRS NUMBER:				980171860
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		181075801

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE
		STREET 2:		CNR. JAN SMUTS & BOLTON
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			00000
		BUSINESS PHONE:		27 11 343 2000

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE
		STREET 2:		CNR. JAN SMUTS & BOLTON
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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   <TITLE>Net 1 UEPS Technologies, Inc.: Form 8-K - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR><B>Washington, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT <BR></B><B>Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934 </B></P>
<P align=center>Date of Report (Date of earliest event reported): September 18,
2018 (September 17, 2018)<B> </B></P>
<P align=center><B><FONT size=5><U>NET 1 UEPS TECHNOLOGIES, INC.
<BR></U></FONT></B>(Exact name of registrant as specified in its charter) </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD noWrap align=center><B>Florida </B></TD>
    <TD noWrap align=center width="33%"><B>000-31203 </B></TD>
    <TD noWrap align=center width="33%"><B>98-0171860 </B></TD></TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction </TD>
    <TD align=center width="33%">(Commission </TD>
    <TD align=center width="33%">(IRS Employer </TD></TR>
  <TR vAlign=top>
    <TD align=center>of incorporation) </TD>
    <TD align=center width="33%">File Number) </TD>
    <TD align=center width="33%">Identification No.) </TD></TR></TABLE>
<P align=center><B>President Place, 4</B><B><SUP>th</SUP></B><B> Floor, Cnr. Jan
Smuts Avenue and Bolton Road </B><BR><B>Rosebank, Johannesburg, South Africa
</B><BR>(Address of principal executive
offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ZIP Code)
<BR></P>
<P align=justify>Registrant&#146;s telephone number, including area code:
<B><U>27-11-343-2000 </U></B></P>
<P align=justify>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: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >[&nbsp; ] </TD>
    <TD align=left width="95%">
      <P align=justify>Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425) </P></TD></TR>
  <TR vAlign=top>
    <TD align=left >[ &nbsp;] </TD>
    <TD align=left width="95%">
      <P align=justify>Soliciting material pursuant to Rule 14a-12 under the
      Exchange Act (17 CFR 240.14a -12) </P></TD></TR>
  <TR vAlign=top>
    <TD align=left >[&nbsp; ] </TD>
    <TD align=left width="95%">
      <P align=justify>Pre-commencement communications pursuant to Rule 14d-2(b)
      under the Exchange Act (17 CFR 240.14d -2(b)) </P></TD></TR>
  <TR vAlign=top>
    <TD align=left >[&nbsp; ] </TD>
    <TD align=left width="95%">
      <P align=justify>Pre-commencement communications pursuant to Rule 13e-4(c)
      under the Exchange Act (17 CFR 240.13e -4(c)) </P></TD></TR></TABLE>
<P align=justify>Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&#167; 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167; 240.12b
-2 of this chapter). </P>
<P align=justify>Emerging growth company [&nbsp; ] </P>
<P align=justify>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. [ &nbsp;] </P>
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<P align=justify><B>Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers. </B></P>
<P align=justify><B><I>Appointment of Ms. Ekta Singh-Bushell as an Independent
Non-Executive Director </I></B></P>
<P align=justify>On September 17, 2018, the board of directors (the &#147;Board&#148;) of
Net 1 UEPS Technologies, Inc. (the &#147;Company&#148;) increased the size of the Board
from six to seven members and appointed Ekta Singh-Bushell to the Board,
effective October 1, 2018, for a term that will expire at the Company&#146;s next
annual meeting of shareholders. Ms. Singh-Bushell was also appointed to the
nominating and corporate governance, audit and remuneration committees.</P>
<P align=justify>The Board determined that Ms. Singh-Bushell is independent
under the rules of The Nasdaq Stock Market as well as the applicable rules and
regulations adopted by the U.S. Securities and Exchange Commission (the
&#147;SEC&#148;).</P>
<P align=justify>Ms. Singh-Bushell serves on public and private corporate boards
to which she brings diverse global management experience in financial, digital,
technology, cybersecurity and risk operations. These include being a
non-employee director of TTEC Holdings Inc. (Nasdaq: TTEC), Datatec Limited
(JSE: DTC), and DSW Inc. (NYSE: DSW) and a Strategic Board Advisor to
DecisionsGPS LLC.</P>
<P align=justify>She was previously Chief Operating Officer in the Executive
Office of The Federal Reserve Bank of New York and prior to that had a 17 year
career with Ernst &amp; Young (&#147;EY&#148;). She served in several senior partner roles
with EY including US Innovation and Digital Strategy Leader, Northeast Advisory
People Leader and Chief Information Security Officer. She has also served in
various Board roles for the Asian American Federation. During her extensive
career, she has lived and worked in India, the UK and the USA. </P>
<P align=justify>Ms. Singh-Bushell is a Certified Public Accountant (USA). She
has a Master&#146;s degree in Electrical Engineering and Computer Science from the
University of California, Berkeley, and a Bachelors of Engineering Degree from
the University of Poona, India. She is also skilled in the science of
governance, relationship and executive leadership effectiveness, having
completed programs at Harvard Business School, Kellogg School of Management,
INSEAD and Singapore Management University. </P>
<P align=justify>Ms. Singh-Bushell will receive compensation for her Board and
committee service in accordance with the Company&#146;s standard compensation
arrangements for non-employee directors, which are described in the Company&#146;s
definitive proxy statement on Schedule 14A filed with the SEC on September 29,
2017. </P>
<P align=justify>In connection with Ms. Singh-Bushell&#146;s appointment to the
Board, the Company entered into (i) an independent director agreement, dated as
of September 18, 2018 (the &#147;Independent Director Agreement&#148;), providing for,
among other things, the terms of Ms. Singh-Bushell&#146;s service, compensation and
liability, and (ii) an indemnification agreement, dated as of September 18, 2018
(the &#147;Indemnification Agreement&#148;), providing Ms. Singh-Bushell with customary
indemnification, the terms of which are identical in all material respects to
the agreements that the Company previously entered into with its directors, and
were filed with the Securities and Exchange Commission as Exhibit10.5 to the
Company&#146;s Annual Report on Form 10-K, dated as of August 24, 2017, and Exhibit 10.32. to the Company&#146;s Annual
Report on Form 10-K, dated as of August 25, 2016. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<P align=justify>Ms. Singh-Bushell has no reportable transactions under Item
404(a) of Regulation S-K. </P>
<P align=justify><B>Item 7.01. Regulation FD Disclosure. </B></P>
<P align=justify>On September 18, 2018, the Company issued a press release
announcing the appointment of Ms. Singh-Bushell as described in Item 5.02 above.
A copy of the Company&#146;s press release is attached as Exhibit 99.1. </P>
<P align=justify><B>Item 9.01. Financial Statements and Exhibits. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD>
      <P align=justify>Exhibits</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 height="57">

  <TR vAlign=top>
    <TD noWrap align=center height="15" >Exhibit </TD>
    <TD noWrap align=left width="90%" height="15">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center height="15" >No. </TD>
    <TD noWrap align=left width="90%" height="15">Description </TD></TR>
  <TR>
    <TD align=center height="12" >&nbsp; </TD>
    <TD width="90%" height="12">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center bgColor=#eeeeee height="15" ><a href="exhibit99-1.htm">99.1</a> </TD>
    <TD align=left width="90%" bgColor=#eeeeee height="15">
    <a href="exhibit99-1.htm">Press Release, dated September 18, 2018, issued by the Company
    </a> </TD></TR></TABLE>
<P align=justify>The information furnished herewith pursuant to Item 7.01 of
this current report shall not be deemed to be &#147;filed&#148; for the purpose of Section
18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or
otherwise subject to the liabilities of that section, and shall not be
incorporated by reference into any registration statement or other document
filed by the Company 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. </P>
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<P align=center><B>SIGNATURES </B></P>
<P align=justify style="text-indent:5%">Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized. </P>
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  <TR vAlign=top>
    <TD noWrap align=left >&nbsp; </TD>
    <TD noWrap align=left width="50%"><B>NET 1 UEPS TECHNOLOGIES, INC.</B>
  </TD></TR>
  <TR>
    <TD noWrap >&nbsp; </TD>
    <TD noWrap width="50%">&nbsp; </TD></TR>
  <TR>
    <TD noWrap >&nbsp; </TD>
    <TD noWrap width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >Date: September 18, 2018 </TD>
    <TD align=left width="50%">By: <U>/s/ Alex M.R. Smith</U> </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="50%">Name: Alex M.R. Smith </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="50%">Title: Chief Financial Officer
</TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P align=right>Exhibit 99.1 </P>
<P align=justify><B>Net1 appoints Ekta Singh-Bushell to its board of directors
</B></P>
<P align=justify>Johannesburg, September 18, 2018 - Net 1 UEPS Technologies,
Inc. (NasdaqGS: <U>UEPS</U>; JSE: NT1) (&#147;Net1&#148; or the &#147;Company&#148;) announced today
the appointment of Ms. Ekta Singh-Bushell as an independent non-employee
director of the Company, effective October 1, 2018. She will also serve on the
nominating and corporate governance, audit and remuneration committees. </P>
<P align=justify>Ms. Singh-Bushell serves on public and private corporate boards
to which she brings diverse global management experience in financial, digital,
technology, cybersecurity and risk operations. These include being a
non-employee director of TTEC Holdings Inc. (Nasdaq: TTEC), Datatec Limited
(JSE: DTC), and DSW Inc. (NYSE: DSW) and a Strategic Board Advisor to
DecisionsGPS LLC.</P>
<P align=justify>She was previously Chief Operating Officer in the Executive
Office of The Federal Reserve Bank of New York and prior to that had a 17 year
career with Ernst &amp; Young (&#147;EY&#148;). She served in several senior partner roles
with EY including US Innovation and Digital Strategy Leader, Northeast Advisory
People Leader and Chief Information Security Officer. She has also served in
various Board roles for the Asian American Federation. During her extensive
career, she has lived and worked in India, the UK and the USA. </P>
<P align=justify>Ms. Singh-Bushell is a Certified Public Accountant (USA). She
has a Master&#146;s degree in Electrical Engineering and Computer Science from the
University of California, Berkeley, and a Bachelors of Engineering Degree from
the University of Poona, India. She is also skilled in the science of
governance, relationship and executive leadership effectiveness, having
completed programs at Harvard Business School, Kellogg School of Management,
INSEAD and Singapore Management University. </P>
<P align=justify>&#147;I am very pleased to welcome Ekta to our Board,&#148; said
Christopher S. Seabrooke, Chairman of the Net1 Board. &#147;She brings broad global
experience and expertise in banking, technology, risk management and governance
to Net1 which will be invaluable as we expand our payments, financial services
and technology internationally,&#148; he concluded. </P>
<P align=justify>Net1&#146;s Board now comprises two executive and five independent
directors.</P>
<P align=justify><B>About Net1</B></P>
<P align=justify>Net1 is a leading provider of transaction processing services,
financial inclusion products and services and secure payment technology. Net1
operates market-leading payment processors in South Africa and the Republic of
Korea. Net1 offers debit, credit and prepaid processing and issuing services for
all major payment networks. In South Africa, Net1 provides innovative low-cost
financial inclusion products, including banking, lending and insurance, and is a
leading distributor of mobile subscriber starter packs for Cell C, a South
African mobile network operator. Net1 leverages its strategic equity investments
in Finbond and Bank Frick (both regulated banks), and Cell C to introduce
products to new customers and geographies. </P>
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<P align=justify>Net1 has a primary listing on NASDAQ (NasdaqGS: UEPS) and a
secondary listing on the Johannesburg Stock Exchange (JSE: NT1). Visit
www.net1.com for additional information about Net1. </P>
<P align=justify><B>Investor Relations Contact: </B><BR>Dhruv Chopra <BR>Head of
Investor Relations <BR>Phone: +1-917-767-6722 <BR>Email: <U>dchopra@net1.com</U>
</P>
<P align=justify><B>Media Relations Contact: </B><BR>Bridget von Holdt
<BR>Business Director &#147; BCW <BR>Phone: +27-82-610-0650 <BR>Email:
bridget.vonholdt@bm-africa.com </P>
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