Graham Tanaka to retire from TransAct board

TransAct Technologies announced today that Graham Y. Tanaka will retire from the board of directors at the company’s next Annual Meeting of Shareholders.

Bart Shuldman, chairman and CEO of Transact, commented, “I want to thank Graham for his 22 years of service on TransAct’s Board and for his many contributions to the Company’s strategic direction and successes. His leadership was instrumental in guiding TransAct through several periods of evolution in our product development and in the number of markets we address, as well as in positioning the Company for long-term growth.”

TransAct’s board of directors is now undertaking a search for a new director to fill the vacancy created by Mr. Tanaka’s retirement, and intends to seek a director with specific restaurant chain operating experience that can help TransAct achieve its goal of establishing a leading position in the restaurant solutions marketplace.