{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-044777","form_type":"8-K","ticker":null,"cik":"0000098338","company_name":"TSR INC","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.597545+00:00","generated_at":"2026-06-01T18:21:13.705392+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"TSR Inc. to be acquired by Vienna Parent Corp for $13.40/share in cash via tender offer","bullets":["Offer price $13.40 per share in cash; tender offer expected to commence within 10 business days.","Supporting stockholders owning ~45.55% of shares (Fitzgerald, QAR, Zeff Capital) agree to tender their shares.","Termination fee of $1.25M payable by TSR; reverse termination fee of $6M payable by Parent if financing fails by Aug 15, 2024.","Parent obtained $24M debt commitment from First Merchants Bank to help fund the transaction.","New employment agreements for CEO Salerno ($395k base) and Director Syed ($325k base) effective upon merger close."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-044777","json":"https://secwatch.observer/filing/0001213900-24-044777.json","markdown":"https://secwatch.observer/filing/0001213900-24-044777.md","text":"https://secwatch.observer/filing/0001213900-24-044777.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98338/000121390024044777/0001213900-24-044777-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98338/000121390024044777/ea0206440-8k_tsrinc.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T18:21:13.705392+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5fc61ce7849db1ec03c8405d1b894c7da070b25f","claim":"TSR INC entered into Agreement and Plan of Merger with Vienna Parent Corporation, Vienna Acquisition Corporation valued at Cash tender offer at $13.40 per share for all outstanding common stock of TSR, Inc.; aggregate princ (effective 2024-05-15).","evidence_excerpt":"On May 15, 2024, Vienna Parent Corporation, an Indiana corporation (“ Parent ”), Vienna Acquisition Corporation, a Delaware corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and TSR, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98338/000121390024044777/0001213900-24-044777-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Vienna Parent Corporation, Vienna Acquisition Corporation"},{"label":"Value","value":"Cash tender offer at $13.40 per share for all outstanding common stock of TSR, Inc.; aggregate princ"},{"label":"Effective","value":"2024-05-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}