---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-006005"
form_type: "8-K/A"
ticker: "TACT"
cik: "0001017303"
company_name: "TRANSACT TECHNOLOGIES INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:20:46.699321+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-23-006005
- form_type: 8-K/A
- ticker: TACT
- cik: 0001017303
- company_name: TRANSACT TECHNOLOGIES INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006005/0001214659-23-006005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006005/j4252318ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-006005
- JSON: https://secwatch.observer/filing/0001214659-23-006005.json
- Plain text: https://secwatch.observer/filing/0001214659-23-006005.txt

## Key facts
- Executive change
  Bart C. Shuldman departed as Chief Executive Officer and Director at TRANSACT TECHNOLOGIES INC.
  - Action: stepped down
  - Role: Chief Executive Officer and Director
  source text: Bart C. Shuldman had stepped down as the Company’s Chief Executive Officer and as a director of the Company, effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1017303/000121465923006005/0001214659-23-006005-index.htm
- 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: 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/1017303/000121465923006005/0001214659-23-006005-index.htm

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