Activist Gillman Demands Sale of Both TransAct Businesses and Urges Special Meeting
TACT sits 69% above its 52-week low of $3.06 on light trading volume (0.3× avg).
Summary
Activist investor Charles Gillman has escalated his campaign against TransAct Technologies, demanding the sale of both operating businesses and urging shareholders to consider a special meeting to elect new directors.
Key Events · Ownership and Investor Activity · TACT
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Gillman Demands Sale of Both Businesses
Gillman now publicly calls for TransAct to sell both its slot-machine printer business and its BOHA! restaurant technology software business, effectively demanding the entire company be sold with all cash returned to shareholders.
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Special Meeting Urged to Elect New Directors
Gillman urges shareholders to consider calling a special meeting to elect additional board members, citing the bylaws allow a majority of voting rights to do so.
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BOHA Business Challenges Cited
Gillman states the company faces 'unique and very complicated challenges' in its BOHA business requiring an 'immediate and urgent review' including exploration of strategic alternatives.
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Escalation from Prior 13D/A
This filing escalates Gillman's campaign beyond his August 27, 2026 13D/A, which only demanded an urgent strategic review. The new demands for a full sale and special meeting represent a material increase in pressure.
Analysis · TACT · Technology
Charles Gillman has escalated his activist campaign against TransAct Technologies, now publicly demanding the company sell both its slot-machine printer business and its BOHA! restaurant technology software business — effectively calling for the entire company to be sold and the cash returned to shareholders. He is also urging shareholders to consider calling a special meeting to elect additional board members, arguing the bylaws permit a majority of voting rights to do so. This is a significant escalation from his prior 13D/A on August 27, which only demanded an urgent strategic review. With a 5.1% stake and a second activist (Poplar Point Capital at 15.22%) already pushing for change, the pressure on the board is intensifying. The company has already engaged BofA Securities to explore strategic alternatives for its Casino and Gaming business, but Gillman wants the BOHA business sold separately as well. This filing signals a full-blown proxy battle may be brewing.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 36.4% of the 1919 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TACT was trading at $5.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $53.3M. The 52-week trading range was $3.06 to $6.02. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.