Routine CFO contract renewal — no trading signal. Monitor next quarterly filing for any guidance revision or operational update.
Price Chart
Executive Summary
ReposiTrak entered into a three-year executive employment agreement with CFO John R. Merrill, formalizing a $325,000 base salary, a 60% target bonus, and a 75,000-share restricted stock grant valued at $8.11/share. This is a routine compensatory arrangement for a continuing officer — no departure, no material financial change, and no strategic pivot.
Key Facts
- CFO John R. Merrill entered a 3-year employment agreement effective August 18, 2026.
- Annual base salary set at $325,000, retroactive to May 16, 2026.
- Target annual bonus of 60% of base salary; minimum 30% bonus guaranteed if employed ≥6 months.
- Grant of 75,000 restricted shares valued at $8.11/share (closing price Aug. 17, 2026), vesting in 4 equal annual installments.
- Severance: 9 months base salary + immediate equity vesting (or continued vesting) + 9 months COBRA on termination without Cause or resignation for Good Reason.
- Double-trigger Change in Control protection: full vesting on qualifying termination within 12 months post-CIC.
Financial Impact
CFO base salary $325,000/yr; target bonus $195,000/yr; equity grant valued at $608,250 (75,000 shares × $8.11). Total annual direct comp ~$1.13M at target.
Risk Factors
- No material financial or operational risk identified from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-028419 |
| Document: trak20260818_8k.htm | 0001437749-26-028419 |
| Document: 0001437749-26-028419-index-headers.html | 0001437749-26-028419 |
| Document: 0001437749-26-028419-index.html | 0001437749-26-028419 |
| Document: 0001437749-26-028419.txt | 0001437749-26-028419 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | DEFA14A | $8.08 | awaiting T+20 | — | $7.21 (−10.77%) |
Sep 28, 2026 28d ago | EFFECT | $8.20 $7.21 | ▼ −12.07% | ▼ −12.04% | $7.21 (−12.07%) |
Aug 24, 2026 9w ago | S-3 | $8.09 $8.25 | ▲ +1.98% | ▲ +0.74% | $7.21 (−10.88%) |
Aug 18, 2026 9w ago | 8-K | $8.14 $8.49 | ▲ +4.30% | ▲ +6.25% | $7.21 (−11.43%) |
Jun 3, 2026 20w ago | 8-K | $10.09 $9.77 | ▼ −3.17% | ▼ −1.80% | $7.21 (−28.54%) |
May 18, 2026 23w ago | 8-K | $9.94 $9.37 | ▼ −5.73% | ▼ −7.32% | $7.21 (−27.46%) |
US Market Status
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