Research Solutions, Inc. (OTCMKTS:RSSS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 11, 2017, we amended our Executive Employment Agreement
with each of the following executive officers to:
|
With respect to Peter Derycz, our President and Chief Executive Officer, extend the term through June 30, 2019 and provide for a revised annual base salary of $340,000 effective as of July 1, 2017. |
|
With respect to Alan Urban, our Chief Financial Officer, extend the term through June 30, 2019 and provide for a revised annual base salary of $250,000 effective as of July 1, 2017. |
|
With respect to Scott Ahlberg, our Chief Operating Officer, extend the term through June 30, 2019 and provide for a revised annual base salary of $220,000 effective as of July 1, 2017. |
The amendments were approved by the Compensation Committee of our
Board of Directors on May 11, 2017.
About Research Solutions, Inc. (OTCMKTS:RSSS)
Research Solutions, Inc. is a holding company. The Company provides a cloud based software-as-a-service (SaaS) research platform, which allows on-demand access to scientific, technical, and medical (STM) information for life science companies, academic institutions, and other research-intensive organizations. The Company provides three service offerings to its customers, which include Article Galaxy SaaS Platforms, Article Galaxy Transactions, and Reprints and ePrints. Article Galaxy SaaS platforms is its cloud-based SaaS solution (Article Galaxy), which consists of software and Internet-based interfaces. Article Galaxy Transactions provides its customers with a single source to the universe of published STM content. The Company has developed ePrint software, which transitions paper Reprints to electronic ePrints. The Company’s subsidiaries include Reprints Desk, Inc. and Reprints Desk Latin America S. de R.L. de C.V. Research Solutions, Inc. (OTCMKTS:RSSS) Recent Trading Information
Research Solutions, Inc. (OTCMKTS:RSSS) closed its last trading session 00.000 at 0.970 with 21,500 shares trading hands.
