{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-23-001126","form_type":"8-K","ticker":"TRNS","cik":"0000099302","company_name":"TRANSCAT INC","filed_at":"2023-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.127313+00:00","generated_at":"2026-06-10T21:35:09.428399+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Transcat amends NEXA earn-out, expects $3.7-4.5M charge in Sep quarter","bullets":["Amended earn-out: up to $7.125M (from $7.5M) for 2023-2025 based solely on EBITDA targets.","Total earn-out obligation estimated at $3.7M to $4.5M; one-time expense of same amount in Q2 FY24.","One-time net income reduction of $2.7M to $3.4M for quarter ending September 23, 2023.","EBITDA definition expanded to include SteriQual (from July 2023) and CQV businesses.","No earn-out payable for 2022; maximum payout if EBITDA reaches 150% of target."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-23-001126","json":"https://secwatch.observer/filing/0001206774-23-001126.json","markdown":"https://secwatch.observer/filing/0001206774-23-001126.md","text":"https://secwatch.observer/filing/0001206774-23-001126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/99302/000120677423001126/0001206774-23-001126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/99302/000120677423001126/trns4240741-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:35:09.428399+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"30b188bba8d4969028ad83fe78a36fb7b5f8d9ef","claim":"TRANSCAT INC amended Amendment with John Cummins and Ross Lane valued at up to $7,125,000 (effective 2023-09-11).","evidence_excerpt":"On September 11, 2023, Transcat, Inc. (the “Company”) entered into an amendment (the “Amendment”) to a Share Purchase Agreement dated August 31, 2021 (the “Purchase Agreement”) with John Cummins and Ross Lane (the “Sellers”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/99302/000120677423001126/0001206774-23-001126-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"John Cummins and Ross Lane"},{"label":"Value","value":"up to $7,125,000"},{"label":"Effective","value":"2023-09-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}