secwatch / observer

Research Solutions, Inc. — fact timeline

Source-grounded facts extracted from Research Solutions, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

RSSS Research Solutions, Inc. JSON

Sefton Cohen was terminated as Chief Revenue Officer at Research Solutions, Inc..

“On July 31, 2026, Research Solutions, Inc. terminated Sefton Cohen from the position of Chief Revenue Officer.”

David Kutil was appointed as Chief Financial Officer at Research Solutions, Inc..

“On July 28, 2026, Research Solutions, Inc. (the “Company”) appointed Dave Kutil as the Company’s Chief Financial Officer (“CFO”).”
Earnings Releases

Research Solutions, Inc. reported third quarter ended March 31, 2026 results: revenue $12.1 million, net income $860,000, EPS $0.03 per diluted share.

“platform, reported financial results for its fiscal third quarter ended March 31, 2026. Fiscal Third Quarter 2026 Summary (compared to prior-year quarter) · Total revenue of $12.1 million, compared to $12.7 million in the prior-year period. · Annual Recurring Revenue (“ARR”) up 8.5% to $22.1 million, which includes approximately $15.7 million of B2B recurring”
Auditor Changes

Research Solutions, Inc. engaged Wipfli as its auditor.

“On October 8, 2024, the Audit Committee approved and ratified the appointment of Wipfli as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for the fiscal year ending June 30, 2025 and to commence review of the Company’s unaudited quarterly financial statements starting with the Company’s fiscal quarter ending December 31, 2024.”
Auditor Changes

Research Solutions, Inc. dismissed Weinberg as its auditor.

“On October 8, 2024, the Audit Committee of the Board of Directors, or the Audit Committee, of the Company dismissed Weinberg as the Company’s independent registered public accounting firm, effective upon the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, the financial statements with respect to which Weinberg reviewed.”
Auditor Changes

Research Solutions, Inc. engaged Wipfli as its auditor.

“On October 8, 2024, the Audit Committee approved and ratified the appointment of Wipfli as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for the fiscal year ending June 30, 2025”
Auditor Changes

Research Solutions, Inc. dismissed Weinberg as its auditor.

“On October 8, 2024, the Audit Committee of the Board of Directors, or the Audit Committee, of the Company dismissed Weinberg as the Company's independent registered public accounting firm,”
Auditor Changes

Research Solutions, Inc. engaged Wipfli LLP as its auditor.

“On October 8, 2024, the Audit Committee approved and ratified the appointment of Wipfli LLP, or Wipfli, as the Company’s independent registered public accounting firm as of October 8, 2024.”
Auditor Changes

Research Solutions, Inc. dismissed Weinberg and Company, P.A. as its auditor.

“On October 8, 2024, the Audit Committee of the Board of Directors, or the Audit Committee, of Research Solutions, Inc., or the Company, dismissed Weinberg and Company, P.A., or Weinberg, as the Company's independent registered public accounting firm.”
Earnings Releases

Research Solutions, Inc. reported third quarter ended March 31, 2024 results: revenue $12.1 million, net income $76,000, EPS $0.00 per diluted share.

“reported financial results for its fiscal third quarter ended March 31, 2024. Fiscal Third Quarter 2024 Summary (compared to prior-year quarter) · Total revenue of $12.1 million, a 17% increase. · Platform revenue up 76% to $4.0 million. Annual Recurring Revenue (“ARR”) up 82% to $16.6 million, which includes approximately $11.7 million of B2B”
Debt Financings

Research Solutions, Inc. incurred revolving credit of $500,000 with PNC Bank, National Association at daily SOFR rate plus 2.5% maturing April 15, 2025.

“the Borrowers entered into a Revolving Line of Credit Note (the “ PNC Note ”) with PNC, which provides for a $500,000 secured revolving line of credit that matures on April 15, 2025 and bears interest annually at the daily SOFR rate plus 2.5%”
Material Agreements

Research Solutions, Inc. entered into PNC Loan Agreement with PNC Bank, National Association valued at secured revolving line of credit of $500,000 (effective 2024-04-15).

“On April 15, 2024, Research Solutions, Inc. (the “ Company ”) and Reprints Desk, Inc., a wholly owned subsidiary of the Company (collectively and individually, the “ Borrower ”) entered into a Loan Agreement (the “ PNC Loan Agreement ”) with PNC Bank, National Association (“ PNC ”), as lender.”
Earnings Releases

Research Solutions, Inc. reported fiscal second quarter ended December 31, 2023 results: revenue $10.3 million, net income Net loss of $54,000, EPS ($0.00) per share.

“research for R&D-driven organizations, reported financial results for its fiscal second quarter ended December 31, 2023. Fiscal Second Quarter 2024 Summary · Total revenue of $10.3 million, an 18.3% increase from the prior-year quarter · Platform revenue up 48% to $3.1 million. Annual Recurring Revenue (“ARR”) up 77% to $15.6 million, which includes”
Material Agreements

Research Solutions, Inc. entered into Agreement of Merger and Plan of Reorganization with Scite, Inc. valued at Closing Consideration consisting of cash, stock, debt payoff, escrow, holdbacks, and earnout up to $ (effective 2023-11-24).

“On November 24, 2023, Research Solutions, Inc., a Nevada corporation (the “ Registrant ”), Research Solutions Acquisition 2, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Registrant (“ Merger Sub ”), Scite, Inc., a Delaware corporation (“ Scite ”), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative, agent and attorney-in-fact of Scite’s securityholders (the “ Stockholder Representative ”), entered into an Agreement of Merger and Plan of Reorganization (the “ Merger Agreement ”), pursuant to which Scite will merge with and into Merger Sub (the “ Merger ”), with Merger Sub continuing its existence under the name “Scite, LLC” (the “ Surviving Entity ”) as the surviving entity after the Merger and a wholly-owned subsidiary of the Registrant.”
Shareholder Votes

Research Solutions, Inc. shareholders approved Non-binding advisory vote on executive compensation at the 2023-11-14 meeting.

“Proposal to hold a non-binding advisory vote approving the following resolution endorsing the Registrant’s executive compensation: “RESOLVED, that the stockholders approve the compensation of the Company’s executives, as disclosed in the compensation tables and related narrative disclosure in the Company’s proxy statement for the Annual Meeting.” For Against Abstain Broker Non-Votes 19,217, 310 360,487 14,275 5,299,341”
Shareholder Votes

Research Solutions, Inc. shareholders approved Ratify appointment of Weinberg & Company, P.A. as independent accountants at the 2023-11-14 meeting.

“Proposal to ratify the appointment of Weinberg & Company, P.A. as the Registrant’s independent accountants for the year ending June 30, 2024. For Against Abstain 24,778,464 111,826 1,123”
Shareholder Votes

Research Solutions, Inc. shareholders approved Election of six directors at the 2023-11-14 meeting.

“Proposal to elect six members of the Registrant’s Board of Directors. Director For Withheld Barbara J. Cooperman 17,672,151 1,919,921 Kenneth L. Gayron 18,397,740 1,194,332 General Merrill McPeak 17,437,176 2,154,896 Jeremy Murphy 18,316,165 1,275,907 Roy W. Olivier 18,316,165 1,275,907 John Regazzi 17,635,308 1,956,764”
Earnings Releases

Research Solutions, Inc. reported financial results for first quarter ended September 30, 2023.

“On November 9, 2023, the Registrant announced its financial results for the first quarter ended September 30, 2023. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.”
Material Agreements

Research Solutions, Inc. entered into Cooperation Agreement with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler (collectively, the "Investor Group") (effective 2023-09-15).

“On September 15, 2023, Research Solutions, Inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler (collectively, the “Investor Group”).”

Peter Derycz was terminated as Executive Chairman of the Board at Research Solutions, Inc..

“the Company terminated Mr. Derycz’s employment as Executive Chairman of the Board without cause. Mr. Derycz’s termination resulted in the resignation of Mr. Derycz from the Board and from all committees on which he served effective as of September 15, 2023.”
Earnings Releases

Research Solutions, Inc. reported financial results for fourth quarter and fiscal year ended June 30, 2023.

“On September 13, 2023, the Registrant announced its financial results for the fourth quarter and fiscal year ended June 30, 2023.”

Eugene Robin resigned as Director at Research Solutions, Inc..

“On August 28, 2023, Eugene Robin resigned as a member of the Board of Directors (the “Board”) of Research Solutions, Inc. (the “Registrant”) and its subsidiaries.”
Earnings Releases

Research Solutions, Inc. reported preliminary financial results for fourth quarter and fiscal year ended June 30, 2023.

“On August 14, 2023, the Registrant announced preliminary results for its fourth quarter and fiscal year ended June 30, 2023.”
Earnings Releases

Research Solutions, Inc. reported third quarter ended March 31, 2023 results: revenue $10.3 million, net income $237,000, or $0.01 per diluted share, EPS $0.01 per diluted share.

“for R&D driven organizations, reported financial results for its fiscal third quarter ended March 31, 2023. Fiscal Third Quarter 2023 Summary • Total revenue of $10.3 million, an 18.1% increase from prior-year quarter and the Company’s first reported quarter of over $10 million in revenue • Platform revenue up 26% to $2.2 million. Annual Recurring”
Earnings Releases

Research Solutions, Inc. reported fiscal second quarter ended December 31, 2022 results: revenue $8.7 million, net income ($256,000), or ($0.01) per share, EPS ($0.01) per share.

“solutions for R&D driven organizations, reported financial results for its fiscal second quarter ended December 31, 2022. Fiscal Second Quarter 2023 Summary · Total revenue of $8.7 million, a 10.7% increase from prior-year quarter representing the Company’s second consecutive quarter of double-digit revenue growth · Platform revenue up 31% to $2.1 million. Annual”
Shareholder Votes

Research Solutions, Inc. shareholders approved Non-binding advisory vote on executive compensation at the 2022-11-17 meeting.

“3. Proposal to hold a non-binding advisory vote approving the following resolution endorsing the Registrant’s executive compensation: “RESOLVED, that the stockholders approve the compensation of the Company’s executives, as disclosed in the compensation tables and related narrative disclosure in the Company’s proxy statement for the Annual Meeting.” For Against Abstain Broker Non-Votes 14,843,348 240,833 30,685 5,130,533”
Shareholder Votes

Research Solutions, Inc. shareholders approved Ratify the appointment of Weinberg & Company, P.A. as the Registrant’s independent accountants for the year ending June 30, 2023 at the 2022-11-17 meeting.

“2. Proposal to ratify the appointment of Weinberg & Company, P.A. as the Registrant’s independent accountants for the year ending June 30, 2023. For Against Abstain 20,189,692 44,764 10,943”
Shareholder Votes

Research Solutions, Inc. shareholders approved Election of six members of the Board of Directors at the 2022-11-17 meeting.

“1. Proposal to elect six members of the Registrant’s Board of Directors. Director For Withheld John Regazzi 14,199,161 915,705 Eugene Robin 14,160,575 954,291 Peter Victor Derycz 13,432,331 1,682,535 General Merrill McPeak 14,088,978 1,025,888 Roy W. Olivier 14,647,114 467,752 Barbara J. Cooperman 14,647,614 467,252”

Barbara J. Cooperman was appointed as Director at Research Solutions, Inc..

“Effective February 8, 2022, pursuant to the authority granted under the Registrant’s Amended and Restated Bylaws, the Registrant’s Board of Directors (“Board”) increased the number of directors constituting the Board to six, and appointed Barbara J. Cooperman to fill the vacant seat on the Board.”

William Nurthen was appointed as Chief Financial Officer at Research Solutions, Inc..

“On October 4, 2021, the Compensation Committee of the Registrant’s Board of Directors approved the Registrant’s entry into an Employment Agreement with William Nurthen (the “Nurthen Agreement”) pursuant to which Mr. Nurthen, age 48, will serve as the Registrant’s Chief Financial Officer.”

Alan Urban resigned as Chief Financial Officer and Secretary at Research Solutions, Inc..

“On October 4, 2021, Alan Urban resigned as the Registrant’s Chief Financial Officer and Secretary.”

Roy W. Olivier was appointed as Chief Executive Officer and President at Research Solutions, Inc..

“On October 4, 2021, the Compensation Committee of the Registrant’s Board of Directors approved the Registrant’s entry into an Amended and Restated Employment Agreement with Roy W. Olivier (the “Olivier Agreement”) pursuant to which Mr. Olivier will serve as the Registrant’s Chief Executive Officer and President”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.