TSR, Inc. (NASDAQ:TSRI) Files An 8-K Other EventsItem 8.01. Other Events
On September 17, 2018, the Board of Directors (the “Board”) of TSR, Inc. (“TSR” or the “Company”) appointed Ira D. Cohen as a member of the Special Committee of the Board, and subsequently designated Mr. Cohen as Chairman of the Special Committee. As previously disclosed, the Board established the Special Committee on July 9, 2018 toreview the request submitted by Joseph F. Hughes, the Company’s former Chairman and Chief Executive Officer, and Winifred Hughes that the Board pursue a sale of the Company, and in the context of that review, consider and evaluate other strategic alternatives available to the Company and whether any of potential strategic alternatives is in the best interests of the Company’s stockholders. The establishment of the Special Committee and the authority delegated to it are described in more detail in the Company’s Current Report on Form 8-K dated July 9, 2018 and filed with the Securities and Exchange Commission on July 10, 2018.
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.