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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 earliest event reported: December 7, 2023

 

TSR, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware   001-38838   13-2635899

(State or Other Jurisdiction

of Incorporation)

   (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

400 Oser Avenue, Suite 150, Hauppauge, NY 11788

(Address of Principal Executive Offices) (Zip Code)

 

(631) 231-0333

(Registrant’s telephone number, including area code)

 

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 (see General Instruction A.2. below):

 

☐ 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 Symbol(s)   Name of Each Exchange On Which Registered
Common Stock, par value $0.01 per share   TSRI   NASDAQ Capital 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 5.07 Submission of Matters to a Vote of Security Holders.

 

The 2023 Annual Meeting of Stockholders (the “Annual Meeting”) of TSR, Inc. (the “Company”) was held on December 7, 2023, at 11:00 a.m. Eastern Time, via webcast at https://www.cstproxy.com/tsrconsulting/2023. Stockholders considered four proposals at the meeting, each of which is described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on November 3, 2023.

 

At the beginning of the Annual Meeting, there were 1,895,717 shares of common stock present at the Annual Meeting in person or by proxy, which represented approximately 83.7% of the voting power of the shares of common stock entitled to vote at the Annual Meeting, and which constituted a quorum for the transaction of business.

 

The final voting results are reported below.

 

Proposal No. 1: Election of one Class II Director for a three (3) year term.

 

The Company’s stockholders elected the nominee, Robert Fitzgerald, for Class II Director, and the voting results are set forth below:

 

For   Withhold   Broker Non-Vote
1,262,538   233,640   399,539

 

Proposal No. 2: Ratification of appointment of CohnReznick LLP as the Company’s independent registered accountant for the 2024 fiscal year.

 

The Company’s stockholders ratified the appointment of CohnReznick LLP as the Company’s independent registered accountant for the 2024 fiscal year, and the voting results are set forth below:

 

For

   Against   Abstain
1,881,109   11,608   3,000

 

1

 

 

Proposal No. 3: Approval, on a non-binding advisory basis, of the compensation program of the Company’s named executive officers.

 

The Company’s stockholders gave advisory approval of the compensation program of the Company’s named executive officers, and the voting results are set forth below:

 

For   Against   Abstain   Broker Non-Vote
1,483,921   7,328   5,019   399,539

 

Proposal No. 4: Approval of an amendment to the Company’s Certificate of Incorporation to eliminate the personal liability of directors and executive officers for monetary damages for breach of the fiduciary duty of care.

 

The Company’s stockholders did not approve amending the Company’s Certificate of Incorporation to eliminate-the personal liability of directors and executive officers, and the voting results are set forth below:

 

For   Against   Abstain   Broker Non-Vote
1,345,691   147,333   3,154   399,539

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  TSR, Inc.
     
  By: /s/ John G. Sharkey
    John G. Sharkey
    Senior Vice President and Chief Financial Officer

 

Dated: December 8, 2023

 

 

3

 

 

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