Form 8-K
8-K — LESAKA TECHNOLOGIES INC
Accession: 0001062993-26-003974
Filed: 2026-08-03
Period: 2026-08-03
CIK: 0001041514
SIC: 6099 (FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
Documents
8-K — form8k.htm (Primary)
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8-K — FORM 8-K
8-K (Primary)
Filename: form8k.htm · Sequence: 1
Lesaka Technologies, Inc.: Form 8-K - Filed by newsfilecorp.com
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2026-08-03
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Lesaka Technologies, Inc.
0001041514
2026-08-03
2026-08-03
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):
August 3, 2026
LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Florida
000-31203
98-0171860
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
7 Parks Boulevard, Oxford Parks, 1st Floor
Dunkeld, Johannesburg, South Africa
2196
(Address of principal executive offices) (ZIP Code)
Registrant’s telephone number, including area code: 011-27-11-343-2000
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:
☐ 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 Symbols
Name of each exchange on which registered
Common Shares
LSAK
NASDAQ Global Select Market
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.
Option award to Ali Mazanderani
On August 3, 2026, at a special meeting of shareholders (the "Special Meeting") of Lesaka Technologies, Inc. (the "Company"), the shareholders of the Company approved the grant of a stock option ("Option Award") to Mr. Ali Mazanderani, the Company's Executive Chairman, pursuant to a stock option agreement, as further described in the Company's definitive proxy statement for the Special Meeting filed with the Securities and Exchange Commission on July 2, 2026 (the "2026 Proxy Statement").
Below is an overview of the Option Award.
Award Terms
Details
Option Award
1,000,000 share options.
Equity Type
Options to acquire common stock.
Exercise Price
1,000,000 share options at an exercise price of US$5.00 per share.
Exercise Date
Mr. Mazanderani may only exercise the vested Option Award after April 1, 2029.
Expiration Date
April 1, 2030.
Employment Requirement
The Option Award will vest on April 1, 2028, subject to Mr. Mazanderani's continuous employment through this date.
Termination of Employment
No acceleration of vesting upon termination of employment, death or disability.
Change in Control
No automatic acceleration of vesting upon a change in control of our company.
Exercise Methods
Exercise Methods:
Cash: exercise price is paid in cash upon exercise of options.
Offset: if acceptable to us, through an offset against amounts owed by us to Mr. Mazanderani.
Tender of Stock: by tender to us of shares held by Mr. Mazanderani, including shares deliverable upon exercise of the Option Award.
Broker-Assisted Cashless Exercise.
Net Exercise: via the exercise of all or any vested portion of the Option Award without payment of the Exercise Price in cash, pursuant to which we will issue to Mr. Mazanderani a number of whole Shares determined in accordance with an agreed formula per the Option Agreement.
By any other means acceptable to us.
A combination of the foregoing.
Clawback
The Option Award is subject to our clawback policy, as in effect from time to time.
The Option Award was previously approved, subject to shareholder approval, by the Board. The summary of the Option Award contained herein is qualified by and subject to the full text of the Option Award, which was included as Appendix A to the 2026 Proxy Statement and is attached as Exhibit 10.1 to this Form 8-K, and which is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The following is a summary of the voting results for the proposal presented to shareholders at the Special Meeting held on August 3, 2026.
Proposal No. 1-To approve, for purposes of complying with Nasdaq Listing Rule 5635(c), the grant of a share option to Mr. Ali Mazanderani, our Executive Chairman, pursuant to a share option agreement
The grant of the Option Award was approved and the votes cast were as follows:
Votes cast
For
Against
Abstain
38,334,363
1,241,298
7,796,947
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibits
Description
10.1
Option Award Agreement (included as Appendix A to Lesaka Technologies, Inc.'s definitive proxy statement filed with the Securities and Exchange Commission on July 2, 2026, Commission File No. 000-31203, and incorporated herein by reference).
104
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
SIGNATURES
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.
LESAKA TECHNOLOGIES, INC.
Date: August 3, 2026
By:
/s/ Dan Smith
Name:
Dan Smith
Title:
Group Chief Financial Officer
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