Transcat Inc. filings document material events for a calibration services and test-instrument distribution company. Recent Form 8-K reports cover quarterly results furnished under Item 2.02, earnings press releases and presentation exhibits, and Regulation FD disclosures tied to operating updates.
The company’s filings also record governance and equity-compensation matters, including executive appointments, officer transitions, retention equity awards, and transition agreements. Acquisition-related 8-K disclosures describe completed purchases of calibration laboratory businesses, related material agreements, consideration, exhibits, and customary representations, warranties and holdback provisions.
Transcat Inc: The Vanguard Group filed an amendment on 03/13/2026 reporting 0 shares beneficially owned of Transcat Inc common stock, representing 0% of the class. The filing explains an internal realignment that resulted in disaggregated reporting by certain Vanguard subsidiaries in reliance on SEC Release No. 34-39538.
The filing is administrative: it restates ownership as zero and documents the reallocation of reporting responsibilities among Vanguard entities.
Transcat, Inc. appointed Jaime Irick as its new President and Chief Executive Officer, effective March 29, 2026, and named him to the Board and Executive Committee. Longtime CEO Lee D. Rudow will retire from the CEO role and Board on March 28, 2026 and serve as a senior advisor through March 2027.
Under a new employment agreement, Mr. Irick will receive a $650,000 annual base salary, a target cash incentive equal to 100% of base salary for fiscal 2027, and equity incentives with a target value of $2.3 million for fiscal 2027. If he is terminated without cause, does not receive a renewal, or resigns for good reason, he is entitled to 12 months of salary, continued healthcare, and any earned bonus, with enhanced cash and equity benefits if termination occurs in connection with a change in control.
The Compensation Committee also increased Chief Financial Officer Thomas L. Barbato’s compensation for fiscal 2027 to a $480,000 base salary and a target cash incentive of 70% of base salary. In addition, the Board approved an updated indemnification agreement providing directors and executive officers with indemnification and expense advancement to the fullest extent permitted under Ohio law.
T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G to report its holdings in Transcat Inc. (TRNS) common stock. The firm reports beneficial ownership of 59 shares, representing 0.0% of the class as of the reported date.
The filer states it has sole voting and dispositive power over these 59 shares and no shared power. It also indicates that it now owns 5 percent or less of Transcat’s common stock and that the position is held in the ordinary course of business, not to influence control of the company, while expressly denying beneficial ownership of the securities referenced.
Hood River Capital Management LLC filed an amended Schedule 13G reporting beneficial ownership of 545,816 shares of Transcat, Inc. common stock, representing 5.85% of the class as of the event date. Hood River reports no voting power over these shares but holds sole power to dispose of them.
The firm certifies that the shares were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing control of Transcat. The filing is signed by Robert Schmaltz, CCO and COO of Hood River Capital Management LLC.
Champlain Investment Partners, LLC filed a Schedule 13G reporting beneficial ownership of 241,996 shares of Transcat Inc. common stock, representing 2.6% of the outstanding class as of the event date.
Champlain has sole voting power over 228,026 shares and sole dispositive power over 241,996 shares, with no shared voting or dispositive power. The firm certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Transcat.
Transcat, Inc. furnished an update on its fiscal 2026 third quarter, for the period ended December 27, 2025, by issuing an earnings press release. The company also made investor presentation slides available on its website to accompany an earnings conference call and webcast scheduled for 4:30 p.m. Eastern Time on February 3, 2026. These materials are included as Exhibits 99.1 and 99.2 and are furnished rather than filed under securities laws.
Transcat, Inc. reported strong top-line growth but weaker profitability for the third quarter and first nine months of fiscal 2026. Q3 revenue rose to $83.9 million, up 25.6% year over year, driven by acquisitions and higher Distribution and Service revenue.
Despite this, Q3 swung to a net loss of $1.1 million from net income of $2.4 million, as operating expenses, stock-based compensation, CEO transition costs, and interest expense increased. Q3 operating margin fell to 0.1%, and net margin moved to a loss of 1.3% of revenue.
For the first nine months, revenue grew to $242.6 million, up 20.5%, but net income declined to $3.4 million from $10.1 million, pressured by higher depreciation and amortization from recent deals and higher interest on borrowings. Transcat completed several acquisitions, including Essco for about $85.4 million and earlier Martin and Becnel transactions, adding significant goodwill and intangibles. To support this, the company entered a new five-year $150 million secured revolving credit facility, with $99.9 million outstanding as of December 27, 2025, and ended the period with shareholders’ equity of $296.8 million.
Conestoga Capital Advisors filed Amendment No. 5 to a Schedule 13G reporting its beneficial ownership of Transcat Inc. common stock. Conestoga Capital Advisors reports beneficial ownership of 1,013,365 shares, representing 10.86% of the outstanding common stock, with sole voting power over 943,437 shares and sole dispositive power over 1,013,365 shares. CONESTOGA FUNDS reports beneficial ownership of 626,699 shares, or 6.72% of the class, with sole voting and dispositive power over those shares. The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Transcat Inc.
Transcat Inc. Chief Operating Officer Michael W. West reported an equity award of 12,028 restricted stock units (RSUs) on January 6, 2026. The RSUs were granted under the Transcat, Inc. 2021 Stock Incentive Plan at a stated price of $0 and will vest on January 6, 2028, converting into common stock on a one-for-one basis.
In addition to this new grant, West holds other RSU awards covering 1,286, 2,000, 916, 1,000 and 725 shares with vesting dates in 2026, 2027 and 2028, all on a direct ownership basis. He also directly owns 25,479 shares of Transcat common stock following the reported transactions.
Transcat, Inc. Chief Information Officer Michael Jacques Haddad reported an equity award of restricted stock units. On January 6, 2026, he received 5,190 restricted stock units (RSUs) at a price of $0 per unit under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3. These RSUs convert into common stock on a one-for-one basis and, except as otherwise provided in the award notice, vest on January 6, 2028.
The filing also shows existing RSU holdings of 1,017 units that vest on March 25, 2028 and 730 units that vest on March 27, 2027, all reported as directly owned. Together, these awards outline a multi-year, time-based stock incentive structure for the company’s Chief Information Officer.