---
schema_version: "secwatch.filing_event.v1"
accession: "0001851734-22-000552"
form_type: "8-K"
ticker: "TRAK"
cik: "0000050471"
company_name: "ReposiTrak, Inc."
filed_at: "2022-09-08T23:59:59+00:00"
generated_at: "2026-06-23T13:14:51.183049+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Park City Group enters employment agreement with CFO John Merrill through May 2026

## Summary
- Base salary of $275,000/year ($22,917 per month); discretionary bonus up to 50% of base salary.
- Grant of 50,000 restricted shares valued at $4.82 per share, vesting pro-rata over five years from May 16, 2022.
- Employment term ends May 15, 2026; renewable by mutual agreement.
- On involuntary termination other than for cause: 6 months base salary, COBRA benefits, full acceleration of unvested equity.
- Six-month non-compete in Salt Lake City metro area if employer enforces; non-solicitation of employees/customers.

## SEC filing metadata
- accession: 0001851734-22-000552
- form_type: 8-K
- ticker: TRAK
- cik: 0000050471
- company_name: ReposiTrak, Inc.
- filed_at: 2022-09-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50471/000185173422000552/0001851734-22-000552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50471/000185173422000552/pcyg20220906_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-22-000552
- JSON: https://secwatch.observer/filing/0001851734-22-000552.json
- Plain text: https://secwatch.observer/filing/0001851734-22-000552.txt

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