HAMDEN, Conn.--(BUSINESS WIRE)--Jan. 14, 2019--
TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in
software-driven technology and printing solutions for high-growth
markets, announced today that Graham Y. Tanaka has informed the Company
that he plans to retire from his position as a member of the Board of
Directors effective as of the date of the Company’s 2019 Annual Meeting
of Shareholders. Mr. Tanaka indicated that his resignation from the
Board is not the result of any disagreement with the Company with
respect to any matter relating to the Company’s operations, policies or
practices.
Bart Shuldman, Chairman and Chief Executive Officer of Transact,
commented, “I want to thank Graham for his 22 years of service on
TransAct’s Board and for his many contributions to the Company’s
strategic direction and successes. His leadership was instrumental in
guiding TransAct through several periods of evolution in our product
development and in the number of markets we address, as well as in
positioning the Company for long-term growth.”
TransAct’s Board of Directors is undertaking a search for a new director
to fill the vacancy created by Mr. Tanaka’s retirement, and intends to
seek a director with specific restaurant chain operating experience that
can help TransAct achieve its goal of establishing a leading position in
the restaurant solutions marketplace.
Forward-Looking Statements
Certain statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified by
the use of forward-looking terminology, such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", or "continue", or the
negative thereof, or other similar words. These forward-looking
statements involve risks and uncertainties, as well as assumptions that,
if they do not fully materialize or prove incorrect, could cause our
results to differ materially from those expressed or implied by such
forward-looking statements. More information about these and other risks
that may impact the Company’s business are set forth in the Company’s
Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the “SEC”) for the period ended December 31, 2017, and the
Company’s subsequent periodic and current reports filed with the SEC.
All forward-looking statements in this press release are based on
information available as of the date hereof, and the Company assume no
obligation to update these forward-looking statements.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing
software-driven technology and printing solutions for high-growth
markets including restaurant solutions, POS automation, casino and
gaming, lottery, and oil and gas. The Company’s solutions are designed
from the ground up based on customer requirements and are sold under the
AccuDate™, EPICENTRAL®, Epic®, Ithaca®, and Printrex® brands. TransAct
has over 3.0 million printers and terminals installed around the world
and is committed to providing world-class service, spare parts and
accessories to support its installed product base. Through the TransAct
Services Group, the Company also provides customers with a complete
range of supplies and consumable items both online at http://www.transactsupplies.com
and through its direct sales team. TransAct is headquartered in Hamden,
CT. For more information, please visit http://www.transact-tech.com
or call (203) 859-6800.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190114005127/en/
Source: TransAct Technologies Incorporated
Investors:
Steve DeMartino
President and Chief
Financial Officer
TransAct Technologies Incorporated
203-859-6810
Richard
Land, Joseph Jaffoni, Jim Leahy
JCIR
212-835-8500 or tact@jcir.com
