---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-028419"
form_type: "8-K"
ticker: "TRAK"
cik: "0000050471"
company_name: "ReposiTrak, Inc."
filed_at: "2026-08-18T21:00:31+00:00"
generated_at: "2026-08-18T21:02:26.699020+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-028419
- form_type: 8-K
- ticker: TRAK
- cik: 0000050471
- company_name: ReposiTrak, Inc.
- filed_at: 2026-08-18T21:00:31+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50471/000143774926028419/0001437749-26-028419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50471/000143774926028419/trak20260818_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-028419
- JSON: https://secwatch.observer/filing/0001437749-26-028419.json
- Plain text: https://secwatch.observer/filing/0001437749-26-028419.txt

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