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- Departure of CFO (new) — CFO Steven DeMartino is retiring effective June 30, 2026, though the company states this is not due to any disagreement with the company.
TransAct CFO DeMartino retiring June 30; Controller Campbell promoted; up to $3M buyback authorized
Filed May 12, 2026 · Period ending May 7, 2026 · ~1 min read
Key Changes
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CFO Steven DeMartino retiring June 30, 2026, receiving $102K pro-rated bonus, $100K transition payment, 18 months COBRA, and accelerated vesting of 41,747 performance shares. Will provide advisory services through December 2026 for $34K monthly.
Item 5.02 verify on EDGAR → -
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Controller Robert Campbell (50, 25+ years finance experience, with company since June 2022) promoted to CFO, Secretary, and Treasurer effective June 30. Compensation: $250K base, $87.5K target bonus, 15,000 RSUs vesting over four years.
Item 5.02 verify on EDGAR → -
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Board authorized up to $3M share repurchase program over 12 months starting May 12, 2026, through open-market or privately negotiated transactions. Signals management views shares as undervalued.
Item 8.01 verify on EDGAR → -
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TransAct announced Q1 2026 financial results via press release on May 12, 2026. Specific metrics contained in attached exhibit.
Item 2.02 verify on EDGAR → -
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Principal Accounting Officer William DeFrances also retiring June 30, 2026, as part of planned succession. Campbell assumed this role effective May 8, 2026.
Item 5.02 verify on EDGAR →
Summary
TransAct Technologies disclosed a planned leadership transition in its finance function alongside capital allocation moves. CFO Steven DeMartino is retiring June 30 after an undisclosed tenure, receiving a separation package worth over $200K plus accelerated equity vesting.
The company is promoting from within: Robert Campbell, who has served as Controller since June 2022 and brings 25+ years of financial leadership experience, will take over as CFO. Campbell also assumed the Principal Accounting Officer role on May 8 as part of a succession plan ahead of William DeFrances' concurrent retirement.
The timing is notable: these leadership changes were announced alongside Q1 2026 earnings and a new up to $3 million share repurchase program. The buyback authorization signals management confidence in the stock's valuation and represents a meaningful capital return for a company of TransAct's size. The company emphasized both retirements are voluntary with no disagreements, and DeMartino will provide six months of advisory services to ensure continuity. Retail investors should watch Campbell's first earnings call as CFO (likely Q2 2026 results in August) to assess his communication style and strategic priorities. The buyback's execution pace will also indicate whether management sees current prices as opportunistic or if the authorization is merely symbolic.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 12, 2026, TransAct Technologies Incorporated (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2026.
The company disclosed its first quarter 2026 financial results through a press release. The actual financial metrics and performance details are contained in the attached press release exhibit, which is not included in this 8-K body text.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
CFO Steven DeMartino retiring June 30, 2026; Controller Robert Campbell promoted to CFO; CEO John Dillon adding President title.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 7, 2026, the Board determined that John Dillon, the Company’s Chief Executive Officer, will assume the title of President of the Company at the Transition Time.
CEO John Dillon will add the President title effective June 30, 2026, consolidating leadership as the outgoing CFO had held the President title. This is a title change with no disclosed compensation or responsibility changes.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 8, 2026, the Company issued a press release announcing Mr. DeMartino’s retirement, the transition of the Chief Financial Officer and Principal Accounting Officer roles to Mr. Campbell, and related matters.
The company disclosed that Mr. DeMartino is retiring from the CFO and Principal Accounting Officer positions. Mr. Campbell will assume these roles. This represents a leadership transition in the finance function.
Added in current filing · verify on EDGAR →
On May 12, 2026, the Company issued a press release announcing the Company authorized a share repurchase program (the “Repurchase Plan”) pursuant to which the Company may repurchase up to $3.0 million of its outstanding common stock over a 12-month period commencing on May 12, 2026 (the “Initial Purchase Date”).
The company authorized a new share repurchase program allowing up to $3.0 million in buybacks over 12 months starting May 12, 2026. Repurchases may occur through open-market purchases or privately negotiated transactions subject to market conditions and legal requirements. This signals management's view that shares may be undervalued and represents a capital allocation decision favoring shareholder returns.
Added in current filing · verify on EDGAR →
The Repurchase Plan provides that repurchases may be effected from time to time through open-market purchases, privately negotiated transactions or other means, subject to market conditions, applicable legal requirements and other relevant factors. Repurchases are expected to be conducted in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended, including applicable volume, timing, price and broker-dealer limitations.
The repurchase program will be executed through open-market purchases, privately negotiated transactions, or other means, following Rule 10b-18 requirements. This provides flexibility in execution while adhering to regulatory safe harbors for buyback programs.
Event · Item 9.01 — Financial Statements and Exhibits
TransAct disclosed CFO departure, new CFO appointment, Q1 2026 earnings, and share repurchase plan via multiple press releases and separation agreements.
Added in current filing · verify on EDGAR →
Separation Agreement and General Release, dated May 7, 2026, between the Company and Steven A. DeMartino
The company entered into a separation agreement with Steven A. DeMartino on May 7, 2026. This represents the departure of the Chief Financial Officer. A concurrent advisory agreement was also executed, suggesting a transition arrangement.
Added in current filing · verify on EDGAR →
Press Release of TransAct Technologies Incorporated Announcing the Appointment of Robert Campbell as Chief Financial Officer, Secretary, and Treasurer and Related Matters, dated May 8, 2026
Robert Campbell was appointed as the new Chief Financial Officer, Secretary, and Treasurer effective May 8, 2026, one day after the prior CFO's separation. This represents immediate leadership continuity in the finance function.
Added in current filing · verify on EDGAR →
Press Release of TransAct Technologies Incorporated Announcing First Quarter 2026 Earnings, dated May 12, 2026
The company disclosed its first quarter 2026 financial results via press release. The specific financial metrics are contained in the referenced exhibit, representing a routine quarterly earnings announcement.
Added in current filing · verify on EDGAR →
Press Release of TransAct Technologies Incorporated Announcing the Repurchase Plan, dated May 12, 2026,
The company announced a share repurchase plan on May 12, 2026. This capital allocation decision signals management's view on share valuation and represents a return of capital to shareholders.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify