---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-015376"
form_type: "8-K"
ticker: "TACT"
cik: "0001017303"
company_name: "TRANSACT TECHNOLOGIES INC"
filed_at: "2022-12-27T23:59:59+00:00"
generated_at: "2026-06-20T22:40:57.442191+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# TransAct Technologies amends CEO Bart Shuldman's employment agreement

## Summary
- No change to CEO compensation; base salary $573,886/yr and 2022 bonus target of 75% unchanged.
- Agreement updates prior 1996 contract to comply with current law and clarify severance/restrictive covenant provisions.
- Initial 2-year term with auto-renewal; without-cause severance: 2 years base salary, 18 months COBRA, prorated bonus.
- Under Change in Control termination within 12 mo: 3 years base+bonus, 18 months COBRA, immediate full equity vesting at 100% target.
- Restrictive covenants: 2-year non-compete worldwide, non-solicit of customers/employees, enforceable by injunction.

## SEC filing metadata
- accession: 0001214659-22-015376
- form_type: 8-K
- ticker: TACT
- cik: 0001017303
- company_name: TRANSACT TECHNOLOGIES INC
- filed_at: 2022-12-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017303/000121465922015376/0001214659-22-015376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017303/000121465922015376/b12232208k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-015376
- JSON: https://secwatch.observer/filing/0001214659-22-015376.json
- Plain text: https://secwatch.observer/filing/0001214659-22-015376.txt

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