{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-24-000574","form_type":"8-K","ticker":"TRNS","cik":"0000099302","company_name":"TRANSCAT INC","filed_at":"2024-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.600920+00:00","generated_at":"2026-06-01T14:10:28.451528+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Transcat amends NEXA purchase agreement; removes future earn-out payments, pays $527K for year 2","bullets":["Second Amendment to 2021 Share Purchase Agreement dated May 20, 2024 eliminates all future earn-out obligations for NEXA acquisition.","Buyer will pay $527,627 for earn-out year 2 (2023); no payment due for year 1 or any later years.","John Cummins terminated as VP of NEXA, rehired as VP of Global Strategic Partnerships under new employment letter.","Base purchase consideration of $22.5M unchanged; only earn-out structure modified."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-24-000574","json":"https://secwatch.observer/filing/0001206774-24-000574.json","markdown":"https://secwatch.observer/filing/0001206774-24-000574.md","text":"https://secwatch.observer/filing/0001206774-24-000574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/99302/000120677424000574/0001206774-24-000574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/99302/000120677424000574/trns4337221-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T14:10:28.451528+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":"fff705708269bd0067ef39a1f29ab94c8ee9af1d","claim":"TRANSCAT INC amended Second Amendment with John Cummins and Ross Lane (effective 2024-05-20).","evidence_excerpt":"On May 20, 2024, Transcat, Inc. (the “Company”) entered into an amendment (the “Second 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/99302/000120677424000574/0001206774-24-000574-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":"Effective","value":"2024-05-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}