secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001437749-22-027256
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TSS appoints new CEO Darryll Dewan; Q3 revenue up 76% to $8.1M, net income $0.03/share
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- Q3 2022 revenue $8.1M vs $4.6M YoY; operating income $871K vs $228K.
- Net income $605K ($0.03 per share) vs $123K ($0.01) in Q3 2021.
- YTD revenue $19.7M vs $12.8M; net income $1.068M vs loss $1.032M.
- Darryll Dewan appointed President/CEO effective Nov 14, succeeding Anthony Angelini.
- New CEO gets base salary $385K, option for 1.25M shares at $0.62; Angelini gets $385K severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774922027256/0001437749-22-027256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774922027256/tssi20221114_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027256

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer