---
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"
generated_at: "2026-06-01T18:21:13.705392+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# TSR Inc. to be acquired by Vienna Parent Corp for $13.40/share in cash via tender offer

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-044777
- form_type: 8-K
- cik: 0000098338
- company_name: TSR INC
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-044777
- JSON: https://secwatch.observer/filing/0001213900-24-044777.json
- Plain text: https://secwatch.observer/filing/0001213900-24-044777.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: Vienna Parent Corporation, Vienna Acquisition Corporation
  - Value: Cash tender offer at $13.40 per share for all outstanding common stock of TSR, Inc.; aggregate princ
  - Effective: 2024-05-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/98338/000121390024044777/0001213900-24-044777-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.