COO pay package at Transcat (NASDAQ: TRNS) set for fiscal 2027

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Transcat, Inc. reported a change to executive compensation for its Chief Operating Officer, Michael W. West. Effective as of March 29, 2026, for the fiscal year ending March 27, 2027, Mr. West will receive a base salary of $425,000 per year, a target performance-based cash incentive equal to 40% of base salary, and a target long-term equity incentive equal to 65% of base salary. These elements together define his compensation opportunity for fiscal 2027.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

COO base salary: $425,000 per annum Target cash incentive: 40% of base salary Target equity incentive: 65% of base salary +2 more

5 metrics

COO base salary $425,000 per annum Effective as of March 29, 2026 for fiscal 2027

Target cash incentive 40% of base salary Performance-based cash incentive for fiscal 2027

Target equity incentive 65% of base salary Long-term equity incentive award for fiscal 2027

Effective date March 29, 2026 Start date for revised COO compensation terms

Fiscal year end March 27, 2027 End of Transcat’s fiscal 2027 for this package

Key Terms

Compensation Committee, performance-based cash incentive award, long-term equity incentive award, fiscal 2027

4 terms

Compensation Committee financial

"On May 13, 2026, the Compensation Committee of the Board of Directors of Transcat, Inc."

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

performance-based cash incentive award financial

"a target performance-based cash incentive award equal to 40% of his base salary"

long-term equity incentive award financial

"a target long-term equity incentive award equal to 65% of his base salary"

fiscal 2027 financial

"for the fiscal year ending March 27, 2027 (“fiscal 2027”)"

Understanding 8-K Material Events →

05/19/2026 - 04:30 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

May 13, 2026

Transcat, Inc.

(Exact name of registrant as specified in its charter)

Ohio	000-03905	16-0874418
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

35 Vantage Point Drive, Rochester, New York	14624
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (585) 352-7777

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.50 par value	TRNS	Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 13, 2026, the Compensation Committee of the Board of Directors of Transcat, Inc. (the “Company”), approved an increase in compensation for Michael W. West, the Company’s Chief Operating Officer, effective as of March 29, 2026, for the fiscal year ending March 27, 2027 (“fiscal 2027”). For fiscal 2027, Mr. West will be entitled to a base salary of $425,000 per annum, a target performance-based cash incentive award equal to 40% of his base salary, and a target long-term equity incentive award equal to 65% of his base salary.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		TRANSCAT, INC.

Dated: May 19, 2026	By:	/s/ Thomas L. Barbato
	Name:	Thomas L. Barbato
	Title:	Senior Vice President of Finance and Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive compensation change did Transcat (TRNS) disclose for its COO?

Transcat increased Chief Operating Officer Michael W. West’s compensation package for fiscal 2027. He will receive a $425,000 base salary, plus performance-based cash and long-term equity incentives tied to percentages of that salary for the fiscal year ending March 27, 2027.

What is Michael W. West’s new base salary at Transcat (TRNS)?

Michael W. West’s base salary is set at $425,000 per year for fiscal 2027. This salary level applies effective March 29, 2026 and forms the basis for calculating his cash incentive and long-term equity incentive targets as percentages of base pay.

How are the COO’s incentive awards structured at Transcat (TRNS)?

For fiscal 2027, the COO has a target performance-based cash incentive equal to 40% of base salary and a target long-term equity incentive equal to 65% of base salary. These percentages define his bonus and equity opportunity, subject to applicable performance conditions.

When do the new compensation terms for Transcat (TRNS) COO take effect?

The revised compensation terms for Chief Operating Officer Michael W. West are effective as of March 29, 2026. They apply to the company’s fiscal year ending March 27, 2027, which Transcat refers to as fiscal 2027 in the disclosure.

Who approved the compensation changes for the Transcat (TRNS) COO?

The Compensation Committee of Transcat’s Board of Directors approved the increase in compensation for Chief Operating Officer Michael W. West. This approval occurred on May 13, 2026, and covers his salary and incentive opportunities for the company’s fiscal 2027 period.

Filing Exhibits & Attachments

3 documents