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AI brief of an SEC Form 8-K · ReposiTrak, Inc. (TRAK)

ReposiTrak signs three-year employment agreement with CFO John R. Merrill

Neutral Impact 2 of 5 leadership Written later

ReposiTrak, Inc. entered into a three-year executive employment agreement with CFO and Principal Accounting Officer John R. Merrill, effective August 18, 2026. The agreement sets a $325,000 base salary and grants 75,000 restricted shares, which matters to shareholders as a compensation and retention arrangement for the finance chief.

Key points

  • Base salary of $325,000, retroactive to May 16, 2026; target bonus 60% of base salary
  • Grant of 75,000 shares of restricted common stock vesting in four equal annual installments
  • Severance on termination without Cause or resignation for Good Reason: nine months of base salary plus COBRA coverage support, with double-trigger protection after a Change in Control

The filing

CompanyReposiTrak, Inc. (TRAK)
Form8-K, current report
Filed with the SECAug 18, 2026, 5:00 PM ET
Accession number0001437749-26-028419

Items reported: 1.01 Material Definitive Agreement5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.