---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-004983"
form_type: "8-K"
ticker: "TACT"
cik: "0001017303"
company_name: "TRANSACT TECHNOLOGIES INC"
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:36:12.558457+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TransAct CEO Bart Shuldman resigns; board member John Dillon named interim CEO; FY2023 guidance reaffirmed

## Summary
- Bart Shuldman stepped down as CEO and director effective April 4, 2023, after 27 years.
- John M. Dillon, board member since 2011, appointed interim CEO; $600K base salary, $200K target bonus, equity awards.
- Board reduced from 7 to 6; committee chairs reassigned: Hilario to Audit, Friedman to Compensation, Olinger to Nominating.
- Company reiterates FY2023 guidance: revenue $70-72M, adjusted EBITDA $5.2-5.4M.
- No disagreement with Shuldman's departure; company cites 'position of strength'.

## SEC filing metadata
- accession: 0001214659-23-004983
- form_type: 8-K
- ticker: TACT
- cik: 0001017303
- company_name: TRANSACT TECHNOLOGIES INC
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017303/000121465923004983/0001214659-23-004983-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017303/000121465923004983/x452308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-004983
- JSON: https://secwatch.observer/filing/0001214659-23-004983.json
- Plain text: https://secwatch.observer/filing/0001214659-23-004983.txt

## Key facts
- Executive change
  John M. Dillon was appointed as Interim Chief Executive Officer at TRANSACT TECHNOLOGIES INC.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On April 4, 2023, the Board appointed John M. Dillon, a Board member, to serve as interim Chief Executive Officer of the Company, effective as of the Effective Time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017303/000121465923004983/0001214659-23-004983-index.htm
- Executive change
  Bart C. Shuldman departed as Chief Executive Officer at TRANSACT TECHNOLOGIES INC.
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: On April 5, 2023, TransAct Technologies Incorporated (the “Company”) announced that on April 4, 2023, Bart C. Shuldman had stepped down as the Company’s Chief Executive Officer and as a director of the Company, effective immediately (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017303/000121465923004983/0001214659-23-004983-index.htm

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