secwatch.observer — SEC 8-K summary
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Issuer:     TRANSACT TECHNOLOGIES INC (TACT)
CIK:        0001017303
Form:       8-K/A
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001214659-23-006005
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1017303/000121465923006005/0001214659-23-006005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1017303/000121465923006005/j4252318ka1.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-006005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer