On January 2, 2014, TransAct Technologies Incorporated announced that Chad Albano, Corporate Controller and designated principal accounting officer, resigned his position with the Company effective January 31, 2014. Mr. Albano resigned to accept a Global Controller position at a large publicly-held company serving the manufacturing industry. The Company has begun a search for a replacement for Mr. Albano's position.

Due to the departure of Mr. Albano, the responsibilities of principal accounting officer will be performed by Steven A. DeMartino, TransAct's President, Chief Financial Officer, Treasurer and Secretary. Mr. DeMartino will continue to serve as TransAct's principal financial officer.