\nLong-time Chief Financial Officer Steven DeMartino to Retire<\/b><\/p>
\nLeadership Transition Continues to Support Focus on Recurring Revenue Growth<\/i><\/p>
HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) (\u201cTransAct\u201d or the \u201cCompany\u201d), a leading provider of cloud-based software and integrated hardware solutions, today announced the appointment of Robert Campbell as Chief Financial Officer, effective upon the June 30, 2026, retirement of long-time Chief Financial Officer, Steven A. DeMartino.<\/p>
\nMr. DeMartino, who serves as President, Chief Financial Officer, Secretary and Treasurer of the Company, will retire following almost 30 years of service to TransAct. Upon Mr. DeMartino\u2019s retirement, Mr. Campbell will take over as Chief Financial Officer, Secretary and Treasurer, and John Dillon, the Company\u2019s Chief Executive Officer, will assume the title of President of the Company. Mr. DeMartino will remain in an advisory role through the end of the year to support a seamless transition.<\/p>
\nAdditionally, TransAct announced that William J. DeFrances, the Company\u2019s Principal Accounting Officer, will retire later this year. As part of a planned succession ahead of Mr. DeFrances\u2019 retirement, Mr. Campbell has been named Principal Accounting Officer, effective immediately. Mr. DeFrances will continue to serve as an advisor after his retirement to help ensure a smooth transition.<\/p>
\nMr. Campbell has more than 25 years of financial leadership experience across publicly traded and privately held global manufacturing organizations. He has served as the Company\u2019s Controller since June 2022, playing a key role in strengthening financial operations, enhancing reporting and internal controls, and supporting TransAct\u2019s transition toward a recurring revenue model. Prior to joining TransAct, Mr. Campbell held senior finance leadership roles at Lydall, Inc., including Director of Global Treasury and Director of Corporate Accounting, where he was responsible for global treasury operations, SEC reporting, financial consolidations, and capital structure management. Earlier in his career, Mr. Campbell held finance and accounting leadership positions with Fischer Technology Inc., Axsys Technologies, Inc., and other organizations. Mr. Campbell began his career in public accounting and holds a B.S. in Accounting from Central Connecticut State University.<\/p>
\n\u201cAs we continue to expand ARR and build a more predictable, higher-margin revenue stream, strong financial leadership will be critical to enable our strategy,\u201d said John Dillon, Chief Executive Officer of TransAct Technologies. \u201cBob\u2019s promotion comes at an important time, as we continue to scale our BOHA! cloud-based SaaS platform and strengthen our recurring revenue model.\u201d<\/p>
\nMr. Dillon added, \u201cBob\u2019s deep knowledge of our business and financial operations positions him well to support our next phase of growth and maintain a disciplined approach to stockholder value creation.\u201d<\/p>
\n\u201cI am honored to step into the role of Chief Financial Officer at this pivotal time for TransAct,\u201d said Mr. Campbell. \u201cWe have a strong financial foundation and a compelling opportunity to continue scaling our BOHA! cloud-based SaaS platform. I look forward to supporting TransAct\u2019s further growth and development in both the Food Service Technology and Casino and Gaming markets.\u201d<\/p>
\n\u201cIt has been an honor to guide and serve TransAct during the entirety of its public company life since its IPO in 1996,\" said Steven DeMartino. \"I want to thank TransAct\u2019s employees, Board of Directors, and stockholders for trusting and supporting me throughout my nearly 30-year career at TransAct. I am proud of what we have accomplished to date and, as a stockholder, am supportive of the Company\u2019s strategic direction. Long term, I believe TransAct has a large and growing opportunity in front of it.\u201d<\/p>
\nMr. DeMartino continued, \u201cOver the past 30 years, I have helped build a strong financial foundation and leave TransAct well positioned for continued success with a strong balance sheet and financial processes in place. I look forward to following TransAct\u2019s progress in my next chapter.\"<\/p>
\nMr. Dillon stated, \u201cOn behalf of the Board and the entire TransAct team, I want to thank Steve for his leadership and lasting contributions over the past three decades. His stewardship has been instrumental in building and sustaining a strong financial foundation and guiding TransAct through multiple phases of growth and transformation.\u201d<\/p>
\nAbout TransAct Technologies Incorporated<\/b><\/p>
\nTransAct Technologies Incorporated is a leading provider of cloud-based software and integrated hardware solutions that redefine how organizations connect operations, technology and data to drive measurable business value. Through its BOHA!\u00ae<\/sup> solutions, serving over 19,000 foodservice locations worldwide, TransAct combines purpose-built hardware with a cloud-based SaaS platform to help foodservice operators automate food safety, improve operational efficiency and maintain trusted brand relevance. In the casino and gaming market, TransAct\u2019s award-winning EPIC solutions enable ticket-in\/ticket-out (TITO) functionality and advanced promotional capabilities that enhance player engagement and drive revenue for operators globally.\u2009 TransAct also provides a comprehensive portfolio of consumables and service solutions, allowing customers to simplify operations and partner with a single, trusted provider across their technology ecosystem.<\/p>