secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001437749-24-021333
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TSS promotes Todd Marrott to COO; base salary raised to $300,000, receives 250K RSUs
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- Todd Marrott appointed COO effective July 1, 2024; previously SVP of Operations since 2022.
- Base salary increased to $300,000 per year under employment agreement.
- Granted 250,000 restricted shares vesting 50% on June 27, 2025 and 50% on June 27, 2026.
- Marrott led overhaul of Systems Integration business to operating profitability and achieved ISO certification.
- Company highlights role in direct liquid cooling solutions and AI integration demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000143774924021333/0001437749-24-021333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000143774924021333/tssi20240626_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-021333

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