secwatch.observer — SEC 8-K summary
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Issuer:     ReposiTrak, Inc. (TRAK)
CIK:        0000050471
Form:       8-K
Filed at:   2026-08-18T21:00:31+00:00
Accession:  0001437749-26-028419
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50471/000143774926028419/0001437749-26-028419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50471/000143774926028419/trak20260818_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-028419

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