TransAct Technologies CEO Bart Shuldman steps down; John Dillon named interim CEO

TRANSACT TECHNOLOGIES INC

Shuldman's CEO tenure ended April 4, 2023; separation agreement provides two years base salary ($595,801/yr) and pro-rated bonus ($115,079).
John M. Dillon, board member since 2011, appointed interim CEO effective April 4; base salary $600,000/yr, target bonus $200,000.
Shuldman receives COBRA reimbursement for 18 months, up to $50,000 life insurance reimbursement, vested options exercisable for two years.
Unvested equity awards forfeited; board reduced from 7 to 6.
Emanuel Hilario replaces Dillon as Audit Committee chair; other committee changes.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Bart C. Shuldman

Chief Executive Officer and Director

TACT · TRANSACT TECHNOLOGIES INC

Effective: 2023-04-04
Successor: John M. Dillon
Filed: April 26, 2023, 7:59 PM ET

Bart C. Shuldman had stepped down as the Company’s Chief Executive Officer and as a director of the Company, effective immediately

Appointed (interim)

John M. Dillon

Interim Chief Executive Officer

TACT · TRANSACT TECHNOLOGIES INC

Effective: 2023-04-04
Filed: April 26, 2023, 7:59 PM ET

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.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bart C. Shuldman departed as Chief Executive Officer and Director at TRANSACT TECHNOLOGIES INC.

Action: stepped down
Role: Chief Executive Officer and Director

Exact text from the filing

Bart C. Shuldman had stepped down as the Company’s Chief Executive Officer and as a director of the Company, effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John M. Dillon was appointed as Interim Chief Executive Officer at TRANSACT TECHNOLOGIES INC.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

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.

View on SEC.gov

TRANSACT TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001214659-23-006005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.