8-K 1 tv526970_8-k.htm FORM 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report:

(Date of earliest event reported)

 

August 1, 2019

 

 

 

Research Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other Jurisdiction of Incorporation)

 

0-53501

(Commission File Number)

 

  11-3797644
(IRS Employer Identification No.)
 

15821 Ventura Boulevard, Suite 165

Encino, CA 91436

(Address of Principal Executive Offices and zip code)

 

 

(310) 477-0354

(Registrant’s telephone
number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered
Common Shares, $0.001 par value per share RSSS OTC:QB

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company          ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.           ¨

 

 

 

 

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 1, 2019, the Registrant and Reprints Desk, Inc., the Registrant’s wholly-owned subsidiary, entered into an Amendment to Executive Employment Agreement with each of Peter Derycz, the Registrant’s Chief Executive Officer and President, Alan Urban, the Registrant’s Chief Financial Officer and Secretary, Scott Ahlberg, the Registrant’s Chief Operations Officer, and Marc Nissan, the Registrant’s Chief Technology Officer, pursuant to which each officer’s annual base salary was increased to provide a cost of living increase of approximately 3%, and the portion of each officer’s annual base salary payable as severance in connection with the termination of such officer’s employment other than for Cause, by Death or by Disability (each as defined in the applicable Employment Agreement), was increased to 6 months.

 

The aforementioned Amendments to Executive Employment Agreement are attached hereto as Exhibits 10.1 through 10.4 and incorporated herein by reference.

 

Item 9.01.Financial Statements and Exhibits

 

(d)Exhibits.

 

The following exhibits are filed herewith:

 

Exhibit

NumberDescription

 

10.1Amendment to Executive Employment Agreement effective June 30, 2019, among Research Solutions, Inc., Reprints Desk, Inc. and Peter Derycz.
10.2Amendment to Executive Employment Agreement effective June 30, 2019, among Research Solutions, Inc., Reprints Desk, Inc. and Alan Urban.
10.3Amendment to Executive Employment Agreement effective June 30, 2019, among Research Solutions, Inc., Reprints Desk, Inc. and Scott Ahlberg.
10.4Amendment to Executive Employment Agreement effective June 30, 2019, among Research Solutions, Inc., Reprints Desk, Inc. and Marc Nissan.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  RESEARCH SOLUTIONS, INC.
   
     
Date: August 7, 2019 By: /s/ Alan Urban  
    Alan Urban
    Chief Financial Officer