TSR, Inc. (NASDAQ:TSRI) Files An 8-K Other EventsItem 8.01 Other Events.
On June 25, 2018, TSR, Inc. (“TSR” or the “Company”) received a letter from James Hughes on behalf of Joseph F. Hughes and Winifred M. Hughes, in which Joseph F. Hughes and Winifred M. Hughes requested that the Company’s Board of Directors (the “Board”) pursue a sale of the Company. Mr. Hughes is the former Chairman and Chief Executive Officer of the Company, and he and Mrs. Hughes together own a total of 819,000 shares of the Company’s common stock, par value $.01 per share (“Common Stock”), which represents approximately 41.8% of the Company’s issued and outstanding Common Stock. A copy of James Hughes’ letter on behalf of Joseph F. Hughes and Winifred M. Hughes is furnished herewith as Exhibit 99.2, and the Company has provided a copy of the letter to the members of its Board of Directors for review.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
TSR INC ExhibitEX-99.1 2 f8k062518ex99-1_tsrinc.htm PRESS RELEASE RE: MAJOR STOCKHOLDER REQUESTS TSR TO PURSUE SALE OF COMPANY Exhibit 99.1 NEWS Contact: John Sharkey 631-231-0333 400 Oser Ave Hauppauge,…To view the full exhibit click here
About TSR, Inc. (NASDAQ:TSRI)
TSR, Inc. is engaged in providing contract computer programming services to its customers. The Company provides its customers with technical computer personnel. It provides its customers with technical computer personnel to supplement their in-house information technology (IT) capabilities. The Company offers staffing capabilities in the areas of mainframe and mid-range computer operations, personal computers and client-server support, Internet and e-commerce operations, voice and data communications (including local and wide area networks), and help desk support. It provides services on day-to-day operations, special projects and on short-term or long-term basis. It also offers various services to other companies in various sectors, such as insurance, pharmaceutical and biotechnology, publishing and new media, financial services and project utilities. It provides contract computer programming services in the New York metropolitan area, New England and the Mid-Atlantic region.