TSR, Inc. Announces Changes to the Board and Appointments to the Committee
December 31, 2019 at 09:00 am EST
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TSR, Inc. announced that it appointed Robert Fitzgerald to the Company’s Board of Directors on December 30, 2019 as a Class II Director. Robert Fitzgerald is a seasoned business executive with over 25 years’ experience helping companies grow. William J. Kelly, Brian J. Mangan, Joseph Pennacchio and Eric M. Stein resigned as members of the Company’s board of directors (the “Board”), and Christopher Hughes resigned as Chairman and member of the Board, effective December 30, 2019. Mr. Hughes will continue to serve as the Chief Executive Officer, President and Treasurer of the Company. The Board appointed Mr. Bradley Tirpak to succeed Mr. Hughes as Chairman of the Board. The Board appointed H. Timothy Eriksen, Bradley M. Tirpak and Robert Fitzgerald to the Audit Committee, Nominating Committee, Compensation Committee and Special Committee, effective December 30, 2019. Each of Mr. Eriksen, Mr. Tirpak and Mr. Fitzgerald qualifies as an “independent director” under the Nasdaq Stock Market Rules. Mr. Eriksen will serve as the Chairman of the Audit Committee.
TSR, Inc. is a staffing company, which is focused on recruiting Information Technology (IT) professionals for short- and long-term assignments, permanent placements, project work and providing contract computer programming services to its customers. The Company provides its customers with technical computer personnel to supplement their in-house IT capabilities. Its contract computer programming services involve the provision of technical staff to customers to meet the specialized requirements of their IT operations. The Company has staffing capabilities in the areas of application development in .net and java, mobile applications for Android and IOS platforms, project management, IT security specialists, cloud development and architecture, business analysts, UI design and development, network infrastructure and support and database development and administration. The Company also provides contract administrative (non-IT) workers to support IT customers.