---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-025702"
form_type: "8-K"
ticker: "TRAK"
cik: "0000050471"
company_name: "ReposiTrak, Inc."
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T21:28:00.435532+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Park City Group to redeem $9M in preferred stock over three years using free cash flow

## Summary
- Company plans to redeem all Series B and Series B-1 Preferred at $10.70/share, total $8,964,214.
- As of March 31, 2023, 625,375 Series B and 212,402 Series B-1 Preferred shares were outstanding.
- Redemption will eliminate ~$147,000 in quarterly preferred dividends once complete.
- Free cash flow will fund redemptions over three years; company had ~$23M cash at March 31, 2023.
- Preferred stock held by CEO Randall K. Fields, affiliates, and a director.

## SEC filing metadata
- accession: 0001437749-23-025702
- form_type: 8-K
- ticker: TRAK
- cik: 0000050471
- company_name: ReposiTrak, Inc.
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50471/000143774923025702/0001437749-23-025702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50471/000143774923025702/pcyg20230912_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-025702
- JSON: https://secwatch.observer/filing/0001437749-23-025702.json
- Plain text: https://secwatch.observer/filing/0001437749-23-025702.txt

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