---
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"
generated_at: "2026-06-01T14:10:28.451528+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Transcat amends NEXA purchase agreement; removes future earn-out payments, pays $527K for year 2

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-24-000574
- JSON: https://secwatch.observer/filing/0001206774-24-000574.json
- Plain text: https://secwatch.observer/filing/0001206774-24-000574.txt

## Key facts
- Material Agreements
  TRANSCAT INC amended Second Amendment with John Cummins and Ross Lane (effective 2024-05-20).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: John Cummins and Ross Lane
  - Effective: 2024-05-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/99302/000120677424000574/0001206774-24-000574-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.