ReposiTrak CFO Merrill gets new 3-year deal: $325K salary, 75K RSUs, 9-month severance

ReposiTrak, Inc.

New 3-year employment agreement for CFO John Merrill effective Aug 18, 2026; base salary $325,000 retroactive to May 16, 2026.
Eligible for annual bonus target 60% of base; minimum bonus 30% of target if employed 6+ months.
Receives 75,000 restricted shares (NYSE: TRAK $8.11 on Aug 17, 2026) vesting in 4 equal annual installments.
Severance: 9 months base salary, immediate equity vesting or continued vesting, 9 months COBRA on termination without cause or for good reason.
Double-trigger change-in-control protection; 12-month non-solicit; clawback subject to SEC Rule 10D-1.

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