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
Date of Report (Date of earliest event reported): December 16, 2004
TRANSACT TECHNOLOGIES INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 0-21121 06-1456680
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)
7 Laser Lane, Wallingford, CT 06492
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 269-1198
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 (see General Instruction A.2. below):
[ ] 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))
Item 1.01 Entry into a Material Definitive Agreement.
-----------------------------------------------------
On December 16, 2004, TransAct Technologies Incorporated ("TransAct") entered
into a supply, sales and license agreement with IGT, a subsidiary of
International Game Technology ("IGT"). Under the terms of the agreement, IGT
granted TransAct a worldwide, non-exclusive, non-transferable license to
incorporate IGT's Netplex protocol (which provides the ability for communication
between peripheral devices that incorporate Netplex and IGT gaming machines)
into certain TransAct thermal printers so that they may be sold for use with IGT
gaming machines. The agreement also calls for IGT to integrate TransAct's Epic
950/TM/ into all currently supported IGT gaming machine platforms and to
ultimately obtain regulatory approvals in all jurisdictions where IGT
distributes gaming machines with ticket printing capabilities. TransAct expects
to incur approximately $500,000 of costs related to such integration. In
addition, the agreement provides that IGT shall make TransAct's Epic 950/TM/
printer available as a standard option on all IGT gaming machine platforms.
The agreement shall continue for three years beginning upon the receipt of
certain jurisdictional and gaming board approvals. The agreement shall
automatically renew for additional one year periods unless terminated by either
party in writing at least thirty days prior to the end of the initial term or
the then-current renewal term.
2
SIGNATURE
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.
TRANSACT TECHNOLOGIES INCORPORATED
By: /s/ Steven A. DeMartino
---------------------------
Steven A. DeMartino
Executive Vice President and
Chief Financial Officer
Date: December 20, 2004
3