On October 10, 2018, Zeff Capital, L.P. announced that it has notified TSR, Inc. of its intention to nominate 2 independent director candidates: Tim Eriksen and Brad Tirpak for election to the Company's board of directors at the upcoming 2018 annual meeting of stockholders scheduled to be held on November 28, 2018. Zeff Capital also stated that it intends to present a stockholder proposal related to the elimination of the Company's classified board, which prevents each director from being held accountable to stockholders on a yearly basis. In addition, Zeff Capital stated that it intends to present 2 stockholder proposals relating to the improvements to Company's by-laws.