TransAct Technologies Incorporated filed SEC Form 8-K: Termination of a Material Definitive Agreement, Financial Statements and Exhibits
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| Item 1.02 | Termination of a Material Definitive Agreement. |
On December 30, 2025, TransAct Technologies Incorporated (the “Company”) agreed with Avery Dennison Corporation (“AD”) and StreemSoft LLC (formerly, ZippyYum LLC) (“StreemSoft”) to terminate (i) that certain Master License Agreement, dated February 22, 2019, as amended (the “MLA”), (ii) that certain Master Development and License Agreement, dated July 20, 2018 (the “MDLA”), entered into by and between the Company and StreemSoft, (iii) the related Subcontract Agreement, dated March 18, 2021, between StreemSoft and AD, and (iv) the Agreement to Accommodate Sale by ZippyYum to AD, dated March 16, 2021 (collectively, the “License Agreements”).
The termination of the License Agreements is in accordance with and as contemplated by the Company’s previously announced Source Code Purchase and Perpetual License Agreement and related Transition Statement of Work, each dated August 5, 2025 (collectively, the “Source Code Transition Agreement”), pursuant to which the Company acquired a royalty free license to a copy of the BOHA! source code, and will be effective as of the date of “Completion” or “Project Completion” (each as defined in the Source Code Transition Agreement), subject to the survival of the parties’ confidentiality obligations under the License Agreements. The Company did not incur any early termination penalties in connection with the termination of the License Agreements.
The MLA and the MDLA provided for the development and maintenance by StreemSoft, and licensing to the Company, of certain portions of the Company’s food service technology software, the hosting of certain web-based software applications, and the payment by the Company of certain fees, including a revenue-sharing arrangement with StreemSoft.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
| Exhibit | Description | |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
| TRANSACT TECHNOLOGIES INCORPORATED | ||
| By: | /s/ William J. DeFrances | |
| William J. DeFrances | ||
| Vice President & Chief Accounting Officer | ||
Date: January 5, 2026