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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
TRANSACT TECHNOLOGIES INCORPORATED
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
89291810
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(CUSIP Number)
Seth M. Lukash
c/o Tridex Corporation
61 Wilton Road
Westport, CT 06880
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 31, 1997
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(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
CUSIP No. 89291810
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Seth M. Lukash ###-##-####
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2 Check the Appropriate Box If a Member of a Group* a. |N/A|
b. |N/A|
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3 SEC Use Only
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4 Source of Funds: The reporting person has not purchased or sold shares of
the issuer. All of the shares owned by the reporting person were acquired in a
distribution by Tridex Corporation ("Tridex") to its stockholders on March 31,
1997 of approximately one (1) share of the issuer for each share of Tridex owned
by such stockholder.
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
USA
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7 Sole Voting Power
Number of
Shares 525,319 Common Shares
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting N/A Common Shares
Person --------------------------------------------------------
With 9 Sole Dispositive Power
525,319 Common Shares
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10 Shared Dispositive Power
N/A
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
525,319 Common Shares
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_|
N/A
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13 Percent of Class Represented By Amount in Row (11)
8.15%
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14 Type of Reporting Person*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1. Security and Issuer
a) The title of the class of equity securities to which this statement
relates is Common Stock.
b) The name and address of the principal executive officers of the
issuer of such securities is: Transact Technologies Incorporated,
7 Laser Lane, Wallingford, CT 06492
Item 2. Identity and Background
a) Seth M. Lukash
b) c/o Tridex Corporation, 61 Wilton Road, Westport, Connecticut 06880
c) President, Tridex Corporation, 61 Wilton Road, Westport, Connecticut
06880
d) During the last five years, I have not been convicted in a criminal
proceeding.
e) During the last five years, I have not been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction with respect to, and I am not subject to a judgment,
decree or final order enjoining violations of, or prohibiting or
mandating activities subject to, federal or state securities laws.
f) U.S.A.
Item 3. Source and Amount of Funds or Other Consideration
The reporting person has not purchased or sold shares of the issuer. All
of the shares owned by the reporting person were acquired in a distribution by
Tridex Corporation ("Tridex") to its stockholders on March 31, 1997 of
approximately one (1) share of the issuer for each share of Tridex owned by
such stockholder.
Item 4. The Purpose of Transaction
N/A
Item 5. Interest in Securities of the issuer
a) The aggregate number and percentage of the class of securities
identified pursuant to Item 1 beneficially owned by me are as
follows: 525,319 shares, representing 8.15% of the class
outstanding.
b) N/A
c) N/A
d) No other person has the right to receive or the power to direct the
receipt of dividends from or proceeds from the sales of such
securities.
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e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between or among myself and any person(s) with respect to
any securities of the issuer, including but not limited to transfer of voting
of any of the securities, finder's fees, joint ventures, loan or option
arrangements, put or calls, guarantees of profits, division of profits or loss,
or the giving or holding of proxies, naming the persons with whom such
contracts, arrangements, understandings or relationships have been entered into,
and this includes such information for any of the securities that are pledged
or otherwise subject to contingency the occurrence of which would give another
person voting power or investment payer over such securities.
Item 7. Material to be Filed as Exhibits.
Seth M. Lukash
404 Harvest Commons
Westport, CT 06880
Via Regular Mail
March 11, 1998
TransAct Technologies, Inc. Board of Directors
Thomas R. Schwarz, Chairman
60 Westcliff Road
Weston, MA 02193
Graham Y. Tanaka
35 Glen Avon Drive
Riverside, CT 06878
Charles A. Dill
807 South Warson
St. Louis, MO 63124
Bart C. Shuldman
c/o TransAct Technologies, Inc.
7 Laser Lane
Wallingford, CT 06492
Richard L. Cote
c/o TransAct Technologies, Inc.
7 Laser Lane
Wallingford, CT 06492
Gentlemen:
As a 8.15% shareholder of TransAct Technologies, Inc., it is my position to
inform the Board of Directors of TransAct that I will not support management on
the upcoming proxy. This decision was reached after careful review and
consideration of the most recent news releases on TransAct Technologies with
regard to the adverse conditions in the fourth quarter of Fiscal 1997 and the
first quarter of Fiscal 1998.
It is my belief that the Board of Directors should also consider the following:
o A change in senior management of TransAct Technologies, Inc.
o An increase in the Board of Directors of TransAct Technologies, Inc. to
seven (7) in order to bring on board individuals that have a greater
understanding of the markets being served by the company.
o Immediately retain an investment banker that will assist in the creation of
shareholder value, either through a sale or merger of the company.
Yours truly,
/s/ Seth
Seth M. Lukash
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and accurate.
Date: March 12, 1998
Signature: /s/ Seth M. Lukash
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SETH M. LUKASH
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