TransAct enters cooperation with 325 Capital and Harbert; adds two directors, pledges board declassification

TRANSACT TECHNOLOGIES INC

Board expands from 5 to 7 directors; Daniel Friedberg (325 Capital) and Audrey Dunning appointed.
Haydee Ortiz Olinger elected Chair; Company commits to separate Chair & CEO roles ahead of 2022 annual meeting.
Investor group owning ~16.8% of shares agrees to standstill and voting commitments through 45 days before 2023 nomination window.
Company will submit a binding proposal to declassify the Board at the 2022 annual meeting.
Withdrawal of previously filed stockholder nominations by the investor group effective immediately.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.