Effective March 31, 2021, Chad J. Cooper resigned as a member of the Board of Directors of Research Solutions, Inc. Effective March 31, 2021, the Board, pursuant to authority granted under the Registrant's Bylaws, appointed Eugene Vlad Robin to fill the vacant seat on the Board and to serve on each of the Audit Committee, the Compensation Committee and the Nominating and Governance Committee of the Board. Mr. Robin is currently a principal of Cove Street Capital.
Research Solutions, Inc. is a holding company. The Company provides two service offerings to its customers: a cloud-based software-as-a-service (SaaS) research platform (Platforms) typically sold through annual auto-renewing license agreements and the sale of published scientific, technical, and medical (STM) content sold as individual articles (Transactions) through the Platform. Its cloud-based SaaS research platform consists of proprietary software and Internet-based interfaces sold to customers for an annual subscription fee. Its platform allows customers to initiate orders, route orders for the lowest cost acquisition, manage transactions, obtain spending and usage reporting, automate authentication, and connect to in-house and third-party software systems. Customers can access the Platform through online Web interfaces and through Web service APIs that enable customers to leverage Platform features and functionality from within in-house and third-party software systems.