# EDGAR Filing Document

**Accession Number:** 0001320760
**File Stem:** 0001654954-25-010487
**Filing Date:** 2025-9
**Character Count:** 19727
**Document Hash:** bca000dc60f20fe8eaf0ba2c8a37bf33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-010487.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001654954-25-010487

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250908

**DATE AS OF CHANGE**: 20250908

**EFFECTIVENESS DATE**: 20250908

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TSS, Inc.
- **CENTRAL INDEX KEY:** 0001320760
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 202027651
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-290110
- **FILM NUMBER:** 251300547

**BUSINESS ADDRESS:**
- **STREET 1:** 110 E. OLD SETTLERS ROAD
- **STREET 2:** SUITE 100
- **CITY:** ROUND ROCK
- **STATE:** TX
- **ZIP:** 78664
- **BUSINESS PHONE:** (512) 310-1000

**MAIL ADDRESS:**
- **STREET 1:** 110 E. OLD SETTLERS ROAD
- **STREET 2:** SUITE 100
- **CITY:** ROUND ROCK
- **STATE:** TX
- **ZIP:** 78664

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fortress International Group, Inc.
- **DATE OF NAME CHANGE:** 20130814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TSS, Inc.
- **DATE OF NAME CHANGE:** 20130607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fortress International Group, Inc.
- **DATE OF NAME CHANGE:** 20070131

**As filed with the Securities and Exchange Commission on September 8, 2025**

**Registration Statement No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

**UNDER**

**THE SECURITIES ACT OF 1933**

---

| |
|:---|
| **TSS, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | |
|:---|:---|
| **Delaware** | **20-2027651** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| **1800 Aviation Drive, Suite 100**, **Georgetown, Texas** | **78628** |
| (Address of principal executive offices) | (zip code) |

---

**TSS, INC. 2025 OMNIBUS INCENTIVE COMPENSATION PLAN**

(Full title of the plan)

**Darryll Dewan**

**Chief Executive Officer**

**1800 Aviation Drive, Suite 100**

**Georgetown, Texas 78628**

**(512) 310-1000**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

**Christopher R. Johnson**

**Miles & Stockbridge P.C.**

**100 Light Street**

**Baltimore, Maryland 21202**

**(410) 727-6464**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> 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 7(a)(2)(B) of the Securities Act. ☐

 **EXPLANATORY NOTE**

TSS, Inc., a Delaware corporation (the "Registrant"), is filing this registration statement on Form S-8 (this "Registration Statement") to register 1,500,000 shares of the Registrant's common stock, $0.0001 par value per share (the "Common Stock"), issuable under the Registrant's 2025 Omnibus Incentive Compensation Plan (the "2025 Plan"). On April 30, 2025, the Registrant filed with the Securities and Exchange Commission (the "Commission") a definitive proxy statement that included a proposal to adopt the 2025 Plan as a successor to the Registrant's 2015 Omnibus Incentive Compensation Plan (the "2015 Plan") and to reserve 1,500,000 shares of Common Stock for issuance under the 2025 Plan. The proposal to adopt the 2025 Plan was approved by the Registrant's stockholders at the 2025 Annual Meeting on June 4, 2025 (the "**Effective Date**"). The number of shares of Common Stock authorized for issuance pursuant to the 2025 Plan is equal to (a) 1,500,000 shares of Common Stock, plus (b) the number of unallocated shares of Common Stock available for issuance as of the Effective Date under the 2015 Plan. In addition, any shares of Common Stock subject to awards under the 2015 Plan that are outstanding at the Effective Date and that subsequently (i) expire unexercised, are forfeited or otherwise terminate or are canceled without the delivery of shares of Common Stock or (ii) are surrendered or withheld from any award under the 2015 Plan to satisfy a participant's income tax or other withholding obligations, in each case, will again become available to be delivered pursuant to awards granted under the 2025 Plan.

In accordance with General Instruction E of Form S-8, the Registrant hereby incorporates by reference into this Registration Statement the contents of the prior registration statements on Form S-8 relating to the 2015 Plan, filed with the Commission on April 8, 2022 (File No. 333-264212) and on September 24, 2015 (File No. 333-207114), including any amendments thereto or filings incorporated therein, except as modified, supplemented or superseded by the information set forth below.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS**

**Item 1. Plan Information.**

The information specified by Item 1 of Part I of Form S-8 is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act and the introductory Note to Part I of Form S-8.

**Item 2. Registrant Information and Employee Plan Annual Information.** 

The information specified by Item 1 of Part I of Form S-8 is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act and the introductory Note to Part I of Form S-8.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The following documents filed by the Registrant with the United States Securities and Exchange Commission (the "Commission") are incorporated by reference into this Registration Statement, excluding information and exhibits deemed furnished (but not filed) pursuant to Item 2.02, Item 7.01 or Item 9.01 of our Forms 8-K listed below:

(a) the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on April 15, 2025;

(b) the Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, filed on May 15, 2025;

(c) the Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025, filed on August 11, 2025;

(d) the Registrant's Current Reports on Form 8-K filed on January 7, 2025, May 15, 2025, June 9, 2025, July 16, 2025, and August 15, 2025;

(e) the description of the Registrant's Common Stock which is contained in a registration statement on Form 8-A filed on July 27, 2007 (File No. 001-33627) under the Exchange Act, including any amendment or report filed for the purpose of updating such description.

All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities covered hereby then remaining unsold, are incorporated by reference herein and are a part of this Registration Statement from the date of the filing of such reports and documents. Any such information so modified or superseded shall not be deemed, except as so modified or superseded, to constitute part of this Registration Statement.

You may obtain a copy of any of the above-referenced filings, without charge, by written or oral request directed to TSS, Inc., 1800 Aviation Drive, Suite 100, Georgetown, Texas 78628, Attention: Investor Relations, telephone: (512) 310-1000.

**Item 4. Description of Securities.** 

Not applicable.

**Item 5. Interests of Named Experts and Counsel.**

Not applicable.

**Item 6. Indemnification of Directors and Officers.**

The Registrant has adopted provisions in its Second Amended and Restated Certificate of Incorporation, as amended, that limit or eliminate the personal liability of the Registrant's directors to the maximum extent permitted by the Delaware General Corporation Law (the "DGCL"). The DGCL expressly permits a corporation to provide that its directors will not be liable for monetary damages for a breach of their fiduciary duties as directors, except for liability: (i) for any breach of the director's duty of loyalty to the corporation or its stockholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; (iii) under Section 174 of the DGCL (relating to unlawful stock repurchases, redemptions or other distributions or payment of dividends); or (iv) for any transaction from which the director derived an improper personal benefit. These limitations of liability do not generally affect the availability of equitable remedies such as injunctive relief or rescission.

The Registrant's Second Amended and Restated Certificate of Incorporation, as amended, also obligates it to indemnify the Registrant's directors, officers, employees and agents to the fullest extent permitted under the DGCL, subject to limited exceptions. Section 145 of the DGCL provides, in effect, that any person made a party to any action by reason of the fact that he is or was our director, officer, employee or agent may and, in certain cases, must be indemnified by us against, in the case of a non-derivative action, judgments, fines, amounts paid in settlement and reasonable expenses (including attorneys' fees) incurred by him as a result of such action, and in the case of a derivative action, against expenses (including attorneys' fees), if in either type of action he acted in good faith and in a manner he reasonably believed to be in or not opposed to our best interests. This indemnification does not apply, (i) in a derivative action, to matters as to which it is adjudged that the director, officer, employee or agent is liable to us, unless upon court order it is determined that, despite such adjudication of liability, but in view of all the circumstances of the case, he is fairly and reasonably entitled to indemnity for expenses, and, (ii) in a non-derivative action, to any criminal proceeding in which such person had no reasonable cause to believe his conduct was unlawful. Also, the Registrant may be required to advance expenses to its directors, officers, employees and agents in connection with legal proceedings, subject to limited exceptions.

The Registrant may enter into separate indemnification agreements with its directors and officers that may be broader than the specific indemnification provisions contained in the DGCL. These indemnification agreements could require the Registrant, among other things, to indemnify its directors and officers against liabilities that may arise by reason of their status or service as directors and officers, other than liabilities arising from willful misconduct. These indemnification agreements may also require the Registrant to advance any expenses incurred by the directors and officers as a result of any proceedings against them as to which they could be indemnified and to obtain directors' and officers' insurance if available on reasonable terms.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

**Item 8. Exhibits.**

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| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 4.5 | TSS, Inc. 2025 Omnibus Compensation Plan (Incorporated by reference to Annex A to the Registrant's Definitive Proxy Statement filed on April 30, 2025). |
| 5.1\* | Opinion of Miles & Stockbridge P.C. |
| 23.1\* | Consent of Weaver and Tidwell L.L.P. |
| 23.2\* | Consent of Miles & Stockbridge P.C. (incorporated herein by reference from Exhibit 5.1). |
| 24.1\* | Power of Attorney to file future amendments (set forth on the signature page of this Registration Statement). |
| [107.1\*](tssi_ex107.htm) | [Filing Fee Table](tssi_ex107.htm) |

---

\* Filed herewith

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Georgetown, Texas, on September 8, 2025.

---

| | |
|:---|:---|
| TSS, INC. | TSS, INC. |
| By: | */s/ Darryll E. Dewan* |
|  | Darryll E. Dewan |
|  | Chief Executive Officer  |

---

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Darryll E. Dewan and Daniel M. Chism as his or her true and lawful attorney-in-fact, with full power of substitution and resubstitution, for him or her and in his or her name, place or stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact, or any of them, or their or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons on behalf of the registrant on the dates and in the capacities indicated. This document may be executed by the signatories hereto on any number of counterparts, all of which shall constitute one and the same instrument.

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| | | |
|:---|:---|:---|
| **Name** | **Position** | **Date** |
| */s/ Peter H. Woodward* |  | September 8, 2025 |
| Peter H. Woodward | Chairman of the Board |  |
| */s/ Darryll E. Dewan* |  | September 8, 2025 |
| Darryll E. Dewan | Chief Executive Officer and Director (Principal Executive Officer) |  |
| */s/ Daniel M. Chism*  |  | September 8, 2025 |
| Daniel M. Chism  | Chief Financial Officer (Principal Financial Officer and Accounting Officer) |  |
| */s/ Richard M. Metzler* |  | September 8, 2025 |
| Richard M. Metzler | Director  |  |
| */s/ Michael Fahy* |  | September 8, 2025 |
| Michael Fahy | Director |  |

---

## Exhibit 5.1

**EXHIBIT 5.1**

![](tssi_ex51img1.jpg)

September 8, 2025

TSS, Inc.

1800 Aviation Drive, Suite 100

Georgetown, Texas 78628

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

We have acted as counsel to TSS, Inc., a Delaware corporation (the "Company"), in connection with the registration statement (the "Registration Statement") on Form S-8 filed today by the Company with the Securities and Exchange Commission to register under the Securities Act of 1933, as amended (the "Securities Act"), 1,500,000 shares of the Company's common stock, $0.0001 par value per share (the "Common Stock"), which may be issued by the Company upon the grant, exercise, settlement or purchase of awards pursuant to the Company's 2025 Omnibus Incentive Compensation Plan (the "Plan") pursuant to the Company's Registration Statement on Form S-8 (the "Registration Statement").

We have examined the Registration Statement and such corporate records, certificates, and documents as we deemed necessary for the purpose of this opinion. Based on that examination, it is our opinion that the shares of the Common Stock being registered pursuant to the Registration Statement (the "Shares"), when issued in accordance with the terms and conditions of the Plan, will be legally issued, fully paid, and non-assessable.

In giving our opinion, we are assuming that, at the time of issuance of the Shares, the Company will have a sufficient number of authorized but unissued shares of the Common Stock for the issuance. We are also assuming that issuance of the Shares will not conflict with or violate any provisions of the certificate of incorporation of the Company in effect at the time of issuance.

Our opinion expressed herein is limited to the General Corporation Law of the State of Delaware. The opinion expressed herein is limited to the matters expressly set forth in this letter and no other opinion should be inferred beyond the matters expressly stated.

We hereby consent to the filing of this opinion with the Registration Statement as Exhibit 5 thereto. In giving our consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder.

Very truly yours,

Miles & Stockbridge P.C.

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| | |
|:---|:---|
| By: | */s/ Christopher R. Johnson* |
|  | Principal |

---

![](tssi_ex51img2.jpg)

## Exhibit 23.1

**EXHIBIT 23.1**

**Consent of Independent Registered Public Accounting Firm**

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of TSS, Inc. for the registration of 1,500,000 shares of common stock, of our report dated April 15, 2025, relating to the consolidated financial statements which appear in TSS, Inc.'s Annual Report on Form 10-K for the years ended December 31, 2024 and 2023 filed on April 15, 2025.

/s/ WEAVER AND TIDWELL, L.L.P.

Fort Worth, Texas

September 8, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? tssi_107.htm

**EXHIBIT 107**

**CALCULATION OF FILING FEE TABLE**

**FORM S-8**

(Form Type)

**TSS, INC.**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered Securities</u>

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Proposed Maximum | Proposed Maximum | | |
|  | Title of Securities | Fee Calculation | Offering<br>Price per  | Aggregate<br>Offering  | | Amount of<br>Registration  |
| Security Type | to Be Registered | Rule<br> Registered<sup>(1)</sup>  | Share<sup>(2)</sup> | Price<sup>(2)</sup> | Fee Rate | Fee<sup>(2)</sup> |
| Equity | Common Stock, $0.0001 par value per share to be issued under the TSS, Inc. 2025 Omnibus Incentive Compensation Plan | Rule 457(c) and (h)<br> 1,500,000 shares<sup>(3)</sup>  | $12.49 | $18735000 | 0.00015310 | $2868.33 |

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________________

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| | |
|:---|:---|
| 1 | Pursuant to Rule 416(a) under the Securities Act, this Registration Statement also covers any additional securities that may be offered or issued to prevent dilution resulting from any stock split, stock dividend or other similar transaction.  |
| 2 | This calculation is made solely for the purpose of determining the registration fee pursuant to the provisions of Rule 457(c) and (h) under the Securities Act, based on the average of the bid and asked prices of the Registrant's common stock on September 4, 2025 as reported on the NASDAQ marketplace. |
| 3 | Represents shares of the Registrant's common stock reserved for issuance under the 2025 Omnibus Incentive Compensation Plan, as authorized by the Registrant's stockholders at a meeting held on June 4, 2025. |

---