# EDGAR Filing Document

**Accession Number:** 0000099302
**File Stem:** 0001206774-23-000417
**Filing Date:** 2023-3
**Character Count:** 13553
**Document Hash:** cd06f147111887578904ec67399a7a6b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001206774-23-000417.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001206774-23-000417

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSCAT INC
- **CENTRAL INDEX KEY:** 0000099302
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
- **IRS NUMBER:** 160874418
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0324

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-03905
- **FILM NUMBER:** 23766164

**BUSINESS ADDRESS:**
- **STREET 1:** 35 VANTAGE POINT DRIVE
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14624
- **BUSINESS PHONE:** 5853527777

**MAIL ADDRESS:**
- **STREET 1:** 35 VANTAGE POINT DRIVE
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14624

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRANSMATION INC
- **DATE OF NAME CHANGE:** 19920703

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

---

| | |
|:---|:---|
| &nbsp;&nbsp;Date of Report (Date of earliest event reported) | **March 27, 2023** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Transcat, Inc**. | &nbsp;&nbsp;**Transcat, Inc**. | &nbsp;&nbsp;**Transcat, Inc**. | &nbsp;&nbsp;**Transcat, Inc**. |
| &nbsp;&nbsp;(Exact name of registrant as specified in its charter) | &nbsp;&nbsp;(Exact name of registrant as specified in its charter) | &nbsp;&nbsp;(Exact name of registrant as specified in its charter) | &nbsp;&nbsp;(Exact name of registrant as specified in its charter) |
| &nbsp;&nbsp;**Ohio** | **000-03905** | **16-0874418** | **16-0874418** |
| (State or other jurisdiction | &nbsp;&nbsp;(Commission | &nbsp;&nbsp;(IRS Employer | &nbsp;&nbsp;(IRS Employer |
| &nbsp;&nbsp;**of incorporation)** | &nbsp;&nbsp;**File Number)** | &nbsp;&nbsp;**Identification No.)** | &nbsp;&nbsp;**Identification No.)** |
| &nbsp;&nbsp;**35 Vantage Point Drive, Rochester, New York** | &nbsp;&nbsp;**35 Vantage Point Drive, Rochester, New York** | &nbsp;&nbsp;**35 Vantage Point Drive, Rochester, New York** | &nbsp;&nbsp;**14624** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | &nbsp;&nbsp;(Zip Code) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Registrant's telephone number, including area code | **(585) 352-7777** |

---

  <br> (Former name or former address, if changed since last report)

&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which registered |
| &nbsp;&nbsp;Common Stock, $0.50 par value | &nbsp;&nbsp;TRNS | &nbsp;&nbsp;Nasdaq Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 3.02 Unregistered Sales of Equity Securities.**

On March 27, 2023, Transcat, Inc. (the "Company") issued 77,387 shares (the "Shares") of the Company's common stock, par value $0.50 per share, in connection with the merger of TIC-MS, Inc. with and into a wholly-owned subsidiary of the Company. The Company issued the Shares in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act").

The recipients of the Shares represented to the Company that they are "accredited investors" as that term is defined by Rule 501 of the Securities Act. Appropriate legends stating that the Shares have not been registered under the Securities Act and may not be offered or sold absent registration or pursuant to an exemption therefrom were affixed to the certificates or book entry statements evidencing the Shares.

**Item 7.01 Regulation FD Disclosure.**

On March 27, 2023, Transcat, Inc. issued a press release announcing that it has acquired TIC-MS, Inc., a Missouri based precision metrology services and instrument calibration laboratory. A copy of the press release is furnished herewith as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under such section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act.

**Item 9.01 Financial Statements and Exhibits.**

(d) *Exhibits*.

<u> Exhibit No. </u> <u>Description</u> <br> 99.1 [Transcat, Inc. Press Release dated March 27, 2023](trns4179691_ex99-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**SIGNATURES** | &nbsp;&nbsp;**SIGNATURES** | &nbsp;&nbsp;**SIGNATURES** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. |
|  |  | &nbsp;&nbsp;**TRANSCAT, INC.** |
| &nbsp;&nbsp;Dated: March 28, 2023 | By: | &nbsp;&nbsp;/s/ James M. Jenkins |
|  |  | &nbsp;&nbsp;James M. Jenkins |
|  |  | &nbsp;&nbsp;General Counsel and VP of Corporate Development |

---

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](trns4179691-image_2x1x1.jpg) | **NEWS<br> RELEASE** |

---

Transcat, Inc. • 35 Vantage Point Drive • Rochester, NY 14624 • 585-352-7777

IMMEDIATE RELEASE

**Transcat Strengthens Midwest Presence with <br> Acquisition of St. Louis based TIC-MS, Inc.**

ROCHESTER, NY, March 27, 2023 – <u>Transcat, Inc.</u> (Nasdaq: TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has purchased all of the capital stock of privately-held TIC-MS, Inc. (TIC-MS), effective March 27, 2023. The purchase price of $9.7 million was paid in combination of 70% stock and 30% cash and is subject to certain customary holdback provisions.

Founded in 1986, TIC-MS is an ISO/IEC 17025 accredited calibration laboratory with an extensive scope specializing in physical dimensional and electronics capabilities. TIC-MS services a diverse customer base with accredited calibrations performed at both the customer's location and at their recently built calibration laboratory located in St. Louis, Missouri. Existing leadership and staff will remain onboard and continue to service customer needs.

"With over thirty-five years in the industry, TIC-MS is a well-established, quality-focused business with strong leadership. This acquisition strengthens our presence in this marketplace, complementing nicely with the capabilities and customers served by our existing Transcat St. Louis Lab," commented Lee Rudow, President and Chief Executive Officer. "Additionally, our future plans include co-locating the two operations, leveraging the infrastructure synergies of one lab location and drive efficiencies. This combination will more than double our existing presence in the region."

**ABOUT TRANSCAT** 

Transcat, Inc. is a leading provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, Computerized Maintenance Management System (CMMS), and pipette services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the Life Science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 27 Calibration Service Centers strategically located across the United States, Puerto Rico, Canada, and Ireland. In addition, Transcat operates calibration labs in 21 imbedded customer-site locations. The breadth and depth of measurement parameters addressed by Transcat's ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.

**Transcat Strengthens Midwest Presence with Acquisition of St Louis Based TIC-MS, Inc.**

**March 27, 2023**

**Page 2 of 2**

Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise, and integrity create a unique and compelling value proposition for its customers.

Transcat's strategy is to leverage its strong brand and unique value proposition that includes its comprehensive instrument service capabilities, enterprise asset management, and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model. More information about Transcat can be found at: Transcat.com.

***Safe Harbor Statement*** <br> This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumptions. Forward-looking statements are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "plans," "aims" and other similar words. All statements addressing operating performance, events or developments that Transcat, Inc. expects or anticipates will occur in the future, including but not limited to statements relating to anticipated revenue, profit margins, the Company's response to the coronavirus (COVID-19) pandemic, the commercialization of software projects, sales operations, capital expenditures, cash flows, operating income, growth strategy, segment growth, potential acquisitions, integration of acquired businesses, market position, customer preferences, outlook and changes in market conditions in the industries in which Transcat operates are forward-looking statements. Forward-looking statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include those more fully described in Transcat's Annual Report and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled "Risk Factors." Should one or more of these risks or uncertainties materialize, or should any of the Company's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company's forward-looking statements, which speak only as of the date they are made. Except as required by law, the Company disclaims any obligation to update, correct or publicly announce any revisions to any of the forward-looking statements contained in this news release, whether as the result of new information, future events or otherwise.

**For more information, contact:** 

**Linda Reynolds**<br> *Executive Assistant*<br> 35 Vantage Point Drive<br> Rochester, NY 14624<br> Phone: 585.866.1969<br> Email: <u>linda.reynolds@transcat.com</u>