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Washington, D.C. 20549






Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report:

(Date of earliest event reported)

September 29, 2021




Research Solutions, Inc.

(Exact name of registrant as specified in its charter)



(State or other Jurisdiction of Incorporation)



(Commission File Number)   (IRS Employer Identification No.)



(Address of Principal Executive Offices and zip code)


(310) 477-0354

(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:


¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each Class Trading Symbol(s) Name of each Exchange on which  registered
Common stock, $0.001 par value RSSS The Nasdaq Stock Market LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).


Emerging growth company     ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨







Item 8.01.Other Events.


During the Registrant’s conference call on September 23, 2021 to discuss its fiscal fourth quarter and full year 2021 results, Roy W. Olivier, the Registrant’s Interim President and Chief Executive Officer, stated the Registrant would need to add “$3M-$4M in acquired ARR each year for the next 3 years” in order to achieve its target of $20 million in Platform revenue in FY2024. To clarify, based on maintaining the Registrant’s organic trailing 12-month growth over the next 3 years, management believes companies acquired in that period would need to generate around $7.9M in Platform revenue in FY2024.


The foregoing forward-looking statements are based on management’s current expectations, estimates, forecasts and projections, therefore actual results may differ materially and adversely from those expressed above. Such risks and uncertainties include those factors described in the Registrant’s most recent annual report on Form 10-K, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. The forward-looking statements are made only as of the date hereof, and the Registrant undertakes no obligation to publicly release the result of any revisions to the forward-looking statements. For more information, please refer to the Registrant’s filings with the Securities and Exchange Commission.







Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Date: September 29, 2021 By: /s/ Alan Urban
    Alan Urban
    Chief Financial Officer