Ex-CEO Blasts TransAct's Strategy, Board Tensions Rise

0:00Bart Sholdman, the XCEO of Hamden's Transact Technologies, just hit the board hard with a shareholder letter blasting their strategy. This guy steered the specialty printer and point-of-sale tech company for 27 years before bouncing abruptly in 2023. Now he's saying their moves have wrecked value for investors. Earlier this week on April 23, 2026, Sholdman laid out his case, pointing to a string of errors that left the firm, directionless. Tech builds gear like Casino printers, but he claims the board's choices ignored core strengths and chased weak opportunities. Shareholders are filling the pinch from years of sliding stock prices and missed growth. Sholdman's tenure saw steady gains, but post-resignation, the company's path looks foggy, sparking talk of deeper rifts in leadership. No word yet from the current board on a response, but this public-fued highlights ongoing boardroom tensions. This watch closely, as Transact pushes new products amid flat sales, expects more fallout

1:02as investors weigh in. This could force a strategy pivot or even board shake-up at the Connecticut Tech Player. This has been Hartford News Today, powered by AI.