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

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 January 8, 2018, Janice Peterson resigned as a member of the Registrant’s Board of Directors (the “Board”).

Effective January 9, 2018, the Board, to authority granted under the Registrant’s Bylaws, appointed Roy W. Olivier to fill the vacant seat on the Board.

Since 2008 Mr. Olivier has served as the President and CEO of ARI Network Services, Inc., with the responsibility of leading the transformation of the business from a catalog business, servicing four vertical markets, to a lead generation and eCommerce leader, offering three products and a service into eight vertical markets. Under his leadership, ARI has grown revenues from $15M in FY07 to $52M in FY17 and delivered nearly a 700% return to shareholders since 2011. Prior to that, Mr. Olivier served as ARI’s VP of Sales and Marketing from 2006-2008. In 1993, Mr. Olivier started Media Solutions International, Inc., a pioneer in delivering eService and eCatalog information to dealers in several vertical markets. MSI was sold to Bell & Howell (now Snap-on) in 2000 where he served as VP of Sales and Marketing. In 1989, Mr. Olivier founded Multicom with two partners, a pioneer in Infotainment software, for the then emerging multi-media PC market. Mr. Olivier sold Multicom to his partners in 1993. Prior to that, Mr. Olivier worked for several Fortune 1000 companies including Pacific Telesis, Tandy Corporation and BusinessLand running operations up to $400M in sales. Mr. Olivier’s extensive experience in delivering digital content makes him a valuable addition to the Board.

On January 12, 2018, the Registrant issued a press release entitled Research Solutions Appoints Roy W. Olivier to its Board of Directors. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

The following exhibits are filed herewith:


Research Solutions, Inc. Exhibit
EX-99.1 2 tv483170_ex99-1.htm EXHIBIT 99.1   Exhibit 99.1   Research Solutions Appoints Roy W. Olivier to its Board of Directors   ENCINO,…
To view the full exhibit click here

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.

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