TransAct ex-CEO urges board refocus on hardware, partner for food-service software
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TransAct ex-CEO urges board refocus on hardware, partner for food-service software
  • Former TransAct CEO Bart Shuldman issued an open letter urging board to change strategy as shareholder meeting approaches.
  • Shuldman, who owns about 93,500 shares, criticized push into food service software as high risk given entrenched competitors.
  • Letter called for renewed focus on hardware such as BOHA! T2 terminal, citing partnerships with established software providers as preferred path.
  • Shuldman said TransAct shares have fallen more than 50% since his April 4, 2023 departure.
  • Open letter raised board composition concerns, urging shareholders to assess whether current directors align with shareholder interests.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TransAct Technologies Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604230752PRIMZONEFULLFEED9695179) on April 23, 2026, and is solely responsible for the information contained therein.

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