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Recent Updates — TRAK

August 18, 2026View Source ↗

ReposiTrak, Inc. entered into an Executive Employment Agreement with John R. Merrill, its Chief Financial Officer and Principal Accounting Officer, effective August 18, 2026. The agreement establishes a three-year term with automatic one-year renewals and sets an annual base salary of $325,000, retroactive to May 16, 2026. Merrill is eligible for a performance bonus targeting 60% of his base salary, subject to a minimum target of 30%. He will also receive 75,000 shares of restricted common stock vesting over four years. The contract includes severance provisions entitling him to nine months of pay and benefits upon termination without cause or for good reason, along with double-trigger acceleration in the event of a change in control. ReposiTrak, Inc. operates in the supply chain technology industry, providing software solutions for inventory management and logistics visibility.

July 8, 2026View Source ↗

On July 1, 2026, ReposiTrak, Inc. entered into stock purchase agreements with William Bartels and WHB Services, Inc. Incentive Savings Plan and Trust to acquire 4,709,837 shares of SPAR Group, Inc. common stock for investment purposes. The acquisition involves approximately $3.3 million in contingent consideration, which includes a $100,000 non-refundable deposit, $139,883 for Bartels' shares, $485,118 for WHB's shares, and the issuance of a $2,571,885 unsecured promissory note. The note carries a 6.0% annual interest rate, matures on July 1, 2030, and requires annual principal installments of $725,000 for the first three years. Upon completion, ReposiTrak will beneficially own 31.3% of SPAR Group. ReposiTrak, Inc. provides technology-based solutions for the equipment rental industry.

June 18, 2026View Source ↗

ReposiTrak, Inc. declared a quarterly cash dividend of $0.02 per share, payable on or about August 14, 2026, to stockholders of record as of June 30, 2026. The company operates in the technology and software services industry for the automotive aftermarket sector.