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EX-99.1 - EXHIBIT - XRS Corpexhibit991-announcementofc.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8‑K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):  October 1, 2013
XRS Corporation
(Exact name of registrant as specified in its charter)

Minnesota
0-27166
41-1641815
(State or other jurisdiction
of incorporation)
(Commission
File No.)
(IRS Employer
Identification No.)


965 Prairie Center Drive
Eden Prairie, Minnesota
 
55344
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code (952) 707-5600
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

XRS Corporation's (the “Company”) Chief Technology Officer Odell Tuttle's ("Mr. Tuttle") employment with the Company has ended effective October 1, 2013. Mr. Tuttle is eligible to receive the severance benefits as provided in his offer letter previously filed as Exhibit 10.20 to the Company’s Form 10-K filed on December 17, 2012. Effective October 1, 2013, Brendan Reidy, the Company's current President and Chief Operating Officer, also assumed the role of Chief Technology Officer.

Item 9.01.
Financial Statements and Exhibits
(d) Exhibits  
99.1
Press Release dated October 2, 2013






SIGNATURE
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.
Dated:    October 1, 2013
 
XRS CORPORATION
 
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Michael W. Weber
 
 
 
 
Michael W. Weber
 
 
 
 
Chief Financial Officer