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.