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<SEC-DOCUMENT>0000950152-04-007284.txt : 20041008
<SEC-HEADER>0000950152-04-007284.hdr.sgml : 20041008
<ACCEPTANCE-DATETIME>20041008170040
ACCESSION NUMBER:		0000950152-04-007284
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041005
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041008
DATE AS OF CHANGE:		20041008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANSCAT INC
		CENTRAL INDEX KEY:			0000099302
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				160874418
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0327

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-03905
		FILM NUMBER:		041072669

	BUSINESS ADDRESS:	
		STREET 1:		35 VANTAGE POINT DRIVE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14624
		BUSINESS PHONE:		5853527777

	MAIL ADDRESS:	
		STREET 1:		35 VANTAGE POINT DRIVE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14624

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSMATION INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l09842ae8vk.htm
<DESCRIPTION>TRANSCAT, INC.    8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Transcat, Inc.    8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549



<P align="center" style="font-size: 10pt"><B>FORM 8-K</B>



<P align="center" style="font-size: 10pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>



<P align="left" style="font-size: 10pt">Date of Report (Date of
earliest event
reported)&nbsp;&nbsp;<B><U><FONT size="3">October&nbsp;5,
2004&nbsp;&nbsp;&nbsp;&nbsp;</font></U></B>



<P ALIGN="CENTER" STYLE="FONT-SIZE: 12PT"><B>Transcat, Inc.</B>

<HR noshade width="100%" align="center" size="1">

<DIV style="font-size: 10pt" align="center">
(Exact name of registrant as specified in charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="center" valign="top"><B>Ohio</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-03905</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>16-0874418</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="5" align="center" valign="top"><HR size="1" noshade>&nbsp;</TD>

</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction<BR>
of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="center" valign="top"><B>35 Vantage Point Drive, Rochester, New York</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>14624</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD colspan="3" align="center" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<P align="left" style="font-size: 10pt">Registrant&#146;s telephone
number, including area code
&nbsp;<FONT size="3"><B><U>585-352-7777</U></B></font>




<P>
<HR noshade width="100%" align="center" size="1">


<DIV align="center" style="font-size: 10pt">
(Former name or former address, if changed since last report)
</DIV>


<P align="left" style="font-size: 10pt">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:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
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    <TD width="1%">&nbsp;</TD>
    <TD width="94%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;&nbsp;&nbsp;&nbsp;&#093;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;&nbsp;&nbsp;&nbsp;&#093;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;&nbsp;&nbsp;&nbsp;&#093;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Pre-commencement communications
pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;&nbsp;&nbsp;&nbsp;&#093;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Pre-commencement communications
pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-14(c))</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item. 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;9.01 Financial Statements and Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="l09842aexv99w1.htm">EXHIBIT 99.1 - PRESS RELEASE</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link2 "Item. 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers." -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item. 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.</B>



<P align="left" style="font-size: 10pt"><I>(c)&nbsp;Appointment of Chief Operating Officer</I>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;5, 2004, Charles P. Hadeed, 54, was named Chief Operating
Officer of Transcat, Inc. (&#147;Transcat&#148; or the &#147;Company&#148;) in addition to his current
positions as Vice President of Finance and Chief Financial Officer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Hadeed brings more than 30&nbsp;years of financial and strategic leadership
experience to Transcat. Prior to joining the Company as Vice President of
Finance and Chief Financial Officer in April&nbsp;2002, he served as Vice
President-Healthcare Ventures Group with Henry Schein Inc. Prior to that, he
served as Group Vice President-Operations at Del Laboratories Inc., and in
various executive positions, including Vice President-Global Lens Care
Operations, President-Oral Care Division, Vice President-Operations-Personal
Products Division and Vice President/Controller-Personal Products Division,
during his 20-year career at Bausch &#038; Lomb, Inc. Mr.&nbsp;Hadeed earned a B.S. in
Accounting from Syracuse University and is a certified public accountant.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company and Mr.&nbsp;Hadeed are not parties to an employment agreement,
however, on February&nbsp;12, 2004, the Company entered into an Agreement for
Severance Upon Change in Control with Mr.&nbsp;Hadeed. Pursuant to this agreement,
if a change in control of the Company occurs and Mr.&nbsp;Hadeed&#146;s employment is
terminated for any reason (other than voluntary resignation, death, disability,
or retirement, or termination by the Company for certain reasons) during the
period beginning with the agreement for or announcement of a proposed change in
control and ending 24&nbsp;months following the change in control, the Company would
be required to continue to pay him his full salary and bonus and continue his
benefits for a period of 24&nbsp;months following the date of termination of
employment, and all stock grants, stock options and similar arrangements would
immediately vest.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;5, 2004, Transcat issued a press release announcing Mr.
Hadeed&#146;s new position as Chief Operating Officer. The press release is
attached to this Form 8-K as Exhibit&nbsp;99.1.

<!-- link2 "Item&nbsp;9.01 Financial Statements and Exhibits." -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>



<P align="left" style="font-size: 10pt">(c)&nbsp;<I>Exhibits</I>. The following exhibit is filed as a part of this Form 8-K:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid gray">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid gray">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transcat, Inc. Press Release dated October&nbsp;5, 2004</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>




<P align="center" style="font-size: 10pt">
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>TRANSCAT, INC.</B></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">October&nbsp;8, 2004
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Charles P. Hadeed</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Charles P. Hadeed</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Operating Officer, Vice
President of Finance</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"> and Chief Financial Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

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<P align="center" style="font-size: 10pt">
</DIV>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l09842aexv99w1.htm
<DESCRIPTION>EXHIBIT 99.1 - PRESS RELEASE
<TEXT>
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<TITLE>EXHIBIT 99.1 - PRESS RELEASE</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt">Exhibit 99.1


<P align="center" style="font-size: 10pt"><B><U>Transcat Names Charles P. Hadeed, CFO, as Chief Operating Officer;</U></B>





<P align="center" style="font-size: 10pt"><B><I>Joanne Hand Promoted to Corporate Controller</I></B>



<P align="left" style="font-size: 10pt">ROCHESTER, NY &#150; October&nbsp;5, 2004 &#150; Transcat, Inc. (Nasdaq: TRNS), a leading
global distributor of professional grade test, measurement, and calibration
instruments and a provider of calibration and repair services, is pleased to
announce that Charles P. Hadeed has been named Chief Operating Officer, in
addition to his positions as Vice President of Finance and Chief Financial
Officer. The announcement was made by Carl E. Sassano, Chairman of the Board,
President and Chief Executive Officer.



<P align="left" style="font-size: 10pt">Mr.&nbsp;Sassano stated: &#147;In addition to his superb financial management expertise,
Charlie has brought outstanding business management and leadership skills to
Transcat which has materially helped us to achieve positive results for fiscal
year 2004 that are continuing into 2005. Not only is he a terrific executive
with a superb record of accomplishment, he also shares Transcat&#146;s vision and
strategic direction and our commitment to outstanding service and quality. He
will be working closely with me and with the rest of our management team to
help our company achieve long-term, sustainable profitability and growth.&#148;



<P align="left" style="font-size: 10pt">Charles P. Hadeed, 54, brings over 30&nbsp;years of financial and strategic
leadership experience to Transcat. Prior to joining the Company, he was Vice
President-Healthcare Ventures Group with Henry Schein Inc.; Group Vice
President-Operations at Del Laboratories Inc., and in various executive
positions, including Vice President-Global Lens Care Operations, President-Oral
Care Division, Vice President-Operations-Personal Products Division and Vice
President/Controller-Personal Products Division, during his 20-year career at
Bausch &#038; Lomb, Inc. Mr.&nbsp;Hadeed earned a B.S. in Accounting from Syracuse
University and is a certified public accountant.



<P align="left" style="font-size: 10pt">Mr.&nbsp;Hadeed commented: &#147;Our strategy in fiscal year 2005 is to focus on gaining
business and market share with customers who value quality systems and operate
in regulated environments. I am pleased to be working with Carl to help
Transcat reach its full potential.



<P align="left" style="font-size: 10pt">&#147;In a strengthening of our financial team, I am pleased to announce that Joanne
Hand has been promoted to Corporate Controller. Joanne has put forth
significant efforts in building and monitoring the processes for managing a
profitable business model and I look forward to her contributions going
forward.&#148;



<P align="center" style="font-size: 10pt"><B><U>About Transcat, Inc.</U></B>



<P align="left" style="font-size: 10pt">Transcat, Inc. is a leading global distributor of professional grade test,
measurement and calibration instruments and an accredited provider of
calibration and repair services primarily to the process, life science and
manufacturing industries.

<P align="left" style="font-size: 10pt">Through the Company&#146;s distribution products segment, Transcat markets and
distributes national and proprietary brand instruments to approximately 12,000
global customers. Transcat&#146;s Master Catalog offers easy access to more than
25,000 instruments, such as: calibrators, deadweight testers, temperature
devices, multimeters, oscilloscopes, pressure pumps, testers, recorders, and
related accessories, from nearly 250 of the industry&#146;s leading manufacturers
including Fluke, Hart Scientific, Agilent, Ametek, GE-Druck, and Tektronix. In
addition, Transcat is the exclusive worldwide distributor for Altek and
Transmation products. The majority of this instrumentation requires expert
calibration service to ensure that it maintains the most exacting measurements.



<P align="left" style="font-size: 10pt">Through the Company&#146;s calibration services segment, Transcat offers precise,
reliable, fast calibration services through ten Calibration Centers of
Excellence strategically located across the United States and Canada to
approximately 9,000 customers. To support the Company&#146;s customers&#146; calibration
service needs, Transcat delivers the industry&#146;s highest quality calibration
services and repairs. Each of the calibration laboratories is ISO-9000: 2000
registered with Underwriter&#146;s Laboratories, Inc. and the scope of accreditation
to ISO/IEC 17025 is the widest in the industry.



<P align="left" style="font-size: 10pt"><B><I>&#147;Safe Harbor&#148; Statement under the Private Securities Litigation Reform Act of
1995: </I></B>This press release contains forward-looking statements, which are
subject to various risks and uncertainties. The Company&#146;s actual results could
differ from those anticipated in such forward-looking statements as a result of
numerous factors that may be beyond the Company&#146;s control.



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