Research Solutions Announces Cooperation Agreement With Peter Derycz And Bristol Investment Fund, Ltd.
Portfolio Pulse from Benzinga Newsdesk
Research Solutions, Inc. (NASDAQ:RSSS) has entered into a cooperation agreement with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler, who collectively own 5,921,930 shares of the company's common stock. As part of the agreement, Derycz's employment will be terminated and he will resign from the company's board of directors. The company will appoint a new independent director to fill the vacancy. The Investor Group has agreed to withdraw its notice of intent to nominate director candidates for the 2023 Annual Meeting of Shareholders and cease all solicitations of proxies and other activities in connection with the meeting.
September 18, 2023 | 12:02 pm
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NEUTRAL IMPACT
Research Solutions' cooperation agreement with Peter Derycz and Bristol Investment Fund could lead to changes in the company's strategic direction. The termination of Derycz's employment and his resignation from the board may impact the company's operations in the short term.
The cooperation agreement between Research Solutions and the Investor Group, which includes Peter Derycz and Bristol Investment Fund, could lead to changes in the company's strategic direction. The termination of Derycz's employment and his resignation from the board may cause some disruption in the company's operations in the short term. However, the appointment of a new independent director could bring fresh perspectives and potentially beneficial changes.
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