Brief: TSR Inc. Enters Into Settlement Agreement With Investor Parties

TSR

30/08/2019 23:04

Aug 30 (Reuters) - TSR Inc  TSRI.O :
    * TSR, INC. ENTERS INTO SETTLEMENT AGREEMENT WITH INVESTOR
PARTIES
    * TSR INC - PARTIES AGREE TO DISMISS PENDING LITIGATION AND
SETTLE
ALL DISPUTES
    * TSR INC - PARTIES ENTER INTO PLAN TO RESOLVE PROXY CONTEST
    * TSR INC - ZEFF CAPITAL, L.P. TO WITHDRAW ITS NOMINATION OF
DIRECTORS AND STOCKHOLDER PROPOSALS IN CONNECTION WITH TSR'S
COMMITMENTS
    * TSR - SETTLEMENT AGREEMENT DOES NOT RESOLVE TWO PENDING
LITIGATIONS PREVIOUSLY DISCLOSED BY COMPANY FILED BY TSR
STOCKHOLDER SUSAN PASKOWITZ
    * TSR INC - WILL SEEK FINANCING IN CONNECTION WITH
SETTLEMENT
PAYMENT AND REPURCHASE
    * TSR INC - CO HAS AGREED TO MAKE A PAYMENT OF $1.5 MILLION
TO
INVESTOR PARTIES FOR SETTLEMENT OF PENDING LITIGATION
    * TSR - ENTERED AGREEMENT WITH INVESTOR PARTIES INCLUDING
ZEFF
CAPITAL, QAR INDUSTRIES, AND ROBERT FITZGERALD, AMONG OTHERS

Source text for Eikon:  ID:nBwkgpLfa 
Further company coverage:  TSRI.O 

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