| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | July 2, 2024 |
| Accession Number: | 0001213900-24-057304 | ||||||
| Submission Type: | POS AM | ||||||
| |||||||
| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | July 2, 2024 |
| Accession Number: | 0001213900-24-057304 | ||||||
| Submission Type: | POS AM | ||||||
| |||||||
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TSR, Inc. Shareholders to Receive Total Cash Consideration of $13.40 per share Vienna Parent Corporation, a newly formed special purpose entity ("Vienna Parent") formed by Justin Christian, announced today that it has entered into a definitive agreement to acquire TSR, Inc. ("TSR") (NASDAQ:TSRI). Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent ("Vienna Sub"), will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing an equity value of approximately $29 million. The total consideration payable to TSR's shareholders represents a 73.8% premium to TSR's closing pr
TSR, Inc. (NASDAQ:TSRI) ("TSR" or "the Company"), a provider of information technology consulting and recruiting services, today announced financial results for the third quarter ended February 29, 2024. For the quarter ended February 29, 2024, revenue decreased 18.8% from the same quarter last year to $19.7 million. Net income attributable to TSR for the current quarter was $411,000, or $0.19 per diluted share, as compared to net income of $80,000, or $0.04 per share, in the prior year quarter. The Company ended the quarter with a strong balance sheet with $15.2 million in net working capital or approximately $7.03 per share. Thomas Salerno, our CEO, stated: "Primarily as the result of
TSR, Inc. (NASDAQ:TSRI) ("TSR" or "the Company"), a provider of information technology consulting and recruiting services, today announced financial results for the second quarter ended November 30, 2023. For the quarter ended November 30, 2023, revenue decreased 16.8% from the same quarter last year to $21.7 million. Net income attributable to TSR for the current quarter was $460,000, or $0.20 per diluted share, as compared to net income of $674,000, or $0.30 per share, in the prior year quarter. The Company ended the quarter with a strong balance sheet with $14.8 million in net working capital or approximately $6.91 per share. Thomas Salerno, our CEO, stated: "Primarily as the result
Net Income increased 10.5% from Q1 FY23 TSR, Inc. (NASDAQ:TSRI) ("TSR" or "The Company"), a provider of information technology consulting and recruiting services, today announced its financial results for the first quarter ended August 31, 2023. For the quarter ended August 31, 2023, revenue decreased 14.1% from the same quarter last year to $22.5 million. Net income attributable to TSR for the current quarter was $547,000, or $0.24 per diluted share, as compared to $495,000, or $0.22 per share, in the prior year's first quarter. The Company ended the quarter with a strong balance sheet with $14.25 million in net working capital or approximately $6.65 per share. Thomas Salerno, our CE
TSR, Inc. (NASDAQ:TSRI) ("TSR" or the "Company"), a provider of information technology consulting and recruiting services, today announced that its Board of Directors has initiated a process to identify and evaluate potential strategic alternatives to maximize shareholder value. The Company expects to consider a range of options, which may include a sale of or acquisitions by the Company or a special dividend, as well as other potential alternatives. The Company has retained Focus Investment Banking, LLC as its financial advisor and Shulman Rogers as its legal advisor to assist the Board in the evaluation process. Brad Tirpak, Chairman of TSR, said, "Over the last few years, TSR's managem
TSR, Inc. (NASDAQ:TSRI) ("TSR" or the "Company"), a provider of information technology consulting and recruiting services, today announced financial results for the third quarter ended February 28, 2021. For the quarter ended February 28, 2021, revenue increased 21.3% from the same quarter last year to $17.1 million. The loss from operations for the current quarter was $339,000 as compared to an operating loss of $1,251,000 in the prior year quarter. Net loss attributable to TSR for the current quarter was $305,000 as compared to a net loss attributable to TSR of $945,000 in the prior year quarter. Additionally, basic and diluted net loss per share for the current quarter was $0.16 compare
TSR, Inc. Shareholders to Receive Total Cash Consideration of $13.40 per share Vienna Parent Corporation, a newly formed special purpose entity ("Vienna Parent") formed by Justin Christian, announced today that it has entered into a definitive agreement to acquire TSR, Inc. ("TSR") (NASDAQ:TSRI). Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent ("Vienna Sub"), will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing an equity value of approximately $29 million. The total consideration payable to TSR's shareholders represents a 73.8% premium to TSR's closing pr
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SC 13D/A - TSR INC (0000098338) (Subject)