TSR, Inc., (NASDAQ: TSRI) reported it will resume its previously approved stock repurchase program, under which TSR is authorized to purchase up to 56,318 additional shares of its common stock.
The program authorized TSR to repurchase up to 150,000 shares of its common stock. To date, TSR has purchased a total of 93,682 shares under the program, and may purchase up to 56,318 more shares.
TSR last made a purchase under the program in the third quarter of its 2013 fiscal year, and now seeks to purchase the remaining 56,318 shares authorized under the program. The repurchase may be effected from time to time in accordance with applicable securities laws, through solicited or unsolicited transactions in the open market or in privately negotiated transactions. No time limit has been placed on the duration of the share repurchases. Subject to applicable securities laws, such purchases will be at times and in amounts as TSR deems appropriate and may be discontinued at any time. TSR has no obligation or commitment to repurchase all or any portion of the shares authorized for purchase under the program.
TSR provides contract computer programming services to commercial customers primarily in the New York metropolitan area, New England, and the Mid-Atlantic region. Its website is at http://www.tsrconsulting.com.