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<SEC-DOCUMENT>0000950152-07-003269.txt : 20070416
<SEC-HEADER>0000950152-07-003269.hdr.sgml : 20070416
<ACCEPTANCE-DATETIME>20070416171408
ACCESSION NUMBER:		0000950152-07-003269
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070410
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:		20070416
DATE AS OF CHANGE:		20070416

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:		07768816

	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>l25624ae8vk.htm
<DESCRIPTION>TRANSCAT, INC.    8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Transcat, Inc.    8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<P><DIV style="position: relative; float: left; width: 45%">
<DIV align="center" style="font-size: 10pt; margin-top: 0pt">Date of Report (Date of earliest event reported)</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 45%">
<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>April&nbsp;10, 2007</B><BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 0pt; width: 60%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

</DIV>
<BR clear="all"><BR>
<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Transcat, Inc.<BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its 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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top" style="font-size: 12pt"><B>Ohio</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="font-size: 12pt"><B>000-03905</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="font-size: 12pt"><B>16-0874418</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center" style="font-size: 12pt"><B>35 Vantage Point Drive, Rochester, New York</B><BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="font-size: 12pt"><B>14624</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="center">(Address of principal executive offices)<BR></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P><DIV style="position: relative; float: left; width: 45%">
<DIV align="center" style="font-size: 10pt; margin-top: 0pt">Registrant&#146;s telephone number, including area code</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 45%">
<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>585-352-7777</B><BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 0pt; width: 60%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

</DIV>
<BR clear="all"><BR>
<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt">(Former name or former address, if changed since last report)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item. 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>(c)&nbsp;Appointment of Charles P. Hadeed as Chief Executive Officer</I>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
April&nbsp;10, 2007, Charles P. Hadeed, 57, was appointed Chief Executive Officer of Transcat, Inc.
(&#147;Transcat&#148; or the &#147;Company&#148;), succeeding Carl E. Sassano, who was elected Executive Chairman of
the Board. Mr.&nbsp;Hadeed joined Transcat in April&nbsp;2002 as Vice President of Finance and Chief
Financial Officer. He was named Chief Operating Officer in October&nbsp;2004 and President in May&nbsp;2006.
He will continue to serve as President. There was no arrangement or understanding between Mr.
Hadeed and any other person pursuant to which he was appointed Chief Executive Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Hadeed brings more than 35&nbsp;years of financial and strategic leadership experience to
Transcat. Prior to joining the Company, he served as 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 Incorporated.
Mr.&nbsp;Hadeed earned a B.S. in Accounting from Syracuse University and is a certified public
accountant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transcat and Mr.&nbsp;Hadeed are not parties to an employment agreement, however, the Amended and
Restated Agreement for Severance Upon Change in Control dated April&nbsp;19, 2006 and Mr.&nbsp;Hadeed&#146;s
qualification for coverage under the Post-Retirement Benefit Plan for
Officers continue in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with Mr.&nbsp;Hadeed&#146;s appointment as Chief Executive Officer, Mr.&nbsp;Hadeed&#146;s annual
base salary was increased from $240,000 to $265,000. Mr.&nbsp;Hadeed&#146;s target annual cash bonus amount
as a percentage of base salary under the Company&#146;s Performance Incentive Plan, as described in the
Company&#146;s Current Report on Form 8-K dated May&nbsp;16, 2006, will remain at 40%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Mr.&nbsp;Hadeed was granted a stock option under the Company&#146;s 2003 Incentive Plan to
purchase 100,000 shares of Transcat&#146;s common stock at $5.24 per share (that being the closing price
of the common stock on April&nbsp;10, 2007).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;10, 2007, Transcat issued a press release announcing Mr.&nbsp;Hadeed&#146;s new position as
Chief Executive Officer. The press release is attached to this Form 8-K as Exhibit&nbsp;99.1.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD colspan="3" nowrap align="left"><I>(c)&nbsp;Resignation of Carl E. Sassano as Chief Executive Officer and Appointment as Executive
Chairman of the Board</I></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;10, 2007, Carl E. Sassano, 57, resigned his position as Chief Executive Officer of
Transcat and was appointed Executive Chairman of the Board. In this capacity, Mr.&nbsp;Sassano will
continue to work with the Company to identify and evaluate acquisition targets that have the
potential to enhance the Company&#146;s strategic plan. The Company anticipates that Mr.&nbsp;Sassano will
devote approximately 25% of his time to the Company in this role.
There was no arrangement or understanding between Mr.&nbsp;Sassano
and any other person pursuant to which he was appointed Executive
Chairman of the Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Sassano
was elected a director of Transcat in October 2000 to fill a vacancy
on the board. He became President and Chief Executive Officer in
March 2002 and was elected Chairman of the Board in October 2003. In
May 2006, he ceased serving as President when Charles&nbsp;P. Hadeed
assumed that position. Mr.&nbsp;Sassano was President and Chief
Operating Officer of Bausch &#38; Lomb Incorporated in 1999 and 2000,
and held various executive positions prior to that during his career
at Bausch &#38; Lomb.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transcat and Mr.&nbsp;Sassano are not parties to an employment agreement, however, the Amended and
Restated Agreement for Severance Upon Change in Control dated April&nbsp;19, 2006 and Mr.&nbsp;Sassano&#146;s
qualification for coverage under the Post-Retirement Benefit Plan for
Officers
will continue in effect.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Sassano&#146;s annual base salary as Executive Chairman was set at $85,000 and his target
annual cash bonus amount as a percentage of base salary under the Company&#146;s Performance Incentive
Plan, as described in the Company&#146;s Current Report on Form 8-K dated May&nbsp;16,
2006, was reduced from 40% to 33%. Mr.
Sassano will receive all accrued vacation through his resignation date as Chief Executive Officer
(approximately $20,000) and will continue to be eligible to receive health benefits as if he
remained a full-time employee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Sassano will also remain eligible to participate in the Transcat, Inc. 2003 Incentive
Plan. Additionally, Mr.&nbsp;Sassano&#146;s outstanding restricted stock awards will be amended to allow for
continued vesting pursuant to the vesting schedule as if he remained a full-time employee of the
Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;10, 2007, Transcat issued a press release announcing Mr.&nbsp;Sassano&#146;s new position as
Executive Chairman of the Board. The press release is attached to this Form 8-K as Exhibit&nbsp;99.2.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d) <I>Exhibits</I>.

</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="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<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 April&nbsp;10, 2007</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transcat, Inc. Press Release dated April&nbsp;10, 2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>TRANSCAT, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Dated:  April 13, 2007&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/  John J. Zimmer
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">John J. Zimmer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><FONT style="white-space: nowrap">Vice President of Finance and Chief Financial Officer</FONT>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l25624aexv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 24pt; margin-top: 12pt"><B>News Release</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="l25624al2562400.gif" alt="(TRANSCAT LOGO)">
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Corporate Offices<BR>
35 Vantage Point Drive, Rochester, New York 14624<BR>
Telephone: 585-352-7777 Fax: 585-352-7788

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Contact:</B></U>

</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="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John J. Zimmer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Van Negris / Lexi Terrero
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Robert Cavosi</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Vice President of Finance and CFO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Van Negris &#038; Company, Inc.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Broadgate Consultants</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Transcat, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">212-759-0290
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">212-493-6981</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">585-352-777</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>FOR IMMEDIATE RELEASE</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Transcat Promotes Charles P. Hadeed to CEO;</B></DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>Carl E. Sassano Elected</B><BR>
<B>Executive Chairman of the Board of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ROCHESTER, NY &#150; April&nbsp;10, 2007 &#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 promoted to Chief
Executive Officer. The announcement was made by Carl E. Sassano, who has been elected Executive
Chairman of the Board of Directors of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Hadeed joined Transcat in April&nbsp;2002 as Vice President, Finance and Chief Financial Officer.
In late 2004, he assumed additional responsibilities as the head of the Company&#146;s laboratory
operations and was named Chief Operating Officer in October&nbsp;2004 and President in May&nbsp;2006. He
will continue to serve as President.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commenting on Mr.&nbsp;Hadeed&#146;s promotion, Carl E. Sassano, Executive Chairman said: &#147;Charlie&#146;s efforts,
discipline and strategic guidance in finance were the foundation of Transcat&#146;s return to sustained
profitability in fiscal year 2004. His operational leadership materially improved Transcat&#146;s
calibration services as well as laboratory cost efficiency. Over the past eighteen months as
President and Chief Operating Officer, he led the redesign of Transcat&#146;s sales process and
strengthened our approach to finding new calibration business. As our CEO, Charlie&#146;s experience
and knowledge will continue to help make Transcat a market leader in our industry.&#148;
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">- <I>m o r e</I> -
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Transcat, Inc.</B><BR>
April&nbsp;10, 2007<BR>
Page Two

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Hadeed stated: &#147;I&#146;m honored to be named Chief Executive Officer of this wonderful company and
pleased to be working with Carl Sassano, our Executive Chairman, to build on the solid foundation
that has been established over the previous five years. Our excellent results are due to the superb
team that has been assembled at Transcat over the past few years, whose efforts are producing
year-over-year growth in Distribution Product sales, as well as growth in our Calibration Services
business. I continue to believe that bundling our Distribution Products sales and Calibration
Services provides significant value to our customers and gives us both competitive advantages and
operating efficiencies. We are operating from a very strong foundation and I look forward to
working with Carl to continue to identify opportunities to grow our business that are consistent
with that strategy.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Charles P. Hadeed, 57, brings over 35&nbsp;years of financial and strategic leadership experience
to Transcat, serving as Chief Operating Officer, Vice President of Finance and Chief Financial
Officer. Prior to joining the Company, he was Vice President-Heathcare 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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Sassano, who was named CEO of Transcat in March&nbsp;2002 and Chairman in 2004, has been elected
Executive Chairman of the Board of Directors. He will continue working with Mr.&nbsp;Hadeed to identify
and evaluate acquisition targets that have the potential to enhance Transcat&#146;s strategic plan.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>About Transcat, Inc.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Through the Company&#146;s Calibration Services segment, Transcat offers precise, reliable, fast
calibration and repair services through eleven Calibration Centers of Excellence strategically
located across the United States, Canada and Puerto Rico to approximately 8,000 customers. To
support the Company&#146;s customers&#146; requirements, Transcat delivers the industry&#146;s highest quality
calibration services and repairs. Each of the calibration laboratories is ISO-9001: 2000 and the
scope of accreditation to ISO/IEC 17025 is the widest in the industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><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.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>l25624aexv99w2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>



<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 24pt; margin-top: 12pt"><B>News Release</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="l25624al2562400.gif" alt="(TRANSCAT LOGO)">
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Corporate Offices<BR>
35 Vantage Point Drive, Rochester, New York 14624<BR>
Telephone: 585-352-7777 Fax: 585-352-7788

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><u><B>Contact:</B></u>

</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="4%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John J. Zimmer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Van Negris / Lexi Terrero
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Robert Cavosi</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="white-space: nowrap">Vice President of Finance and CFO</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Van Negris &#038; Company, Inc.</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Broadgate Consultants</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Transcat, Inc.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">212-759-0290
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">212-493-6981</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">585-352-777</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>FOR IMMEDIATE RELEASE</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Carl E. Sassano Elected Executive Chairman</B><BR>
<B>of Transcat&#146;s Board of Directors;</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>Charles P. Hadeed Promoted to CEO</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ROCHESTER, NY &#150; April&nbsp;10, 2007 &#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, today announced that Carl E. Sassano has been elected Executive Chairman of
the Board of Directors of the Company. Transcat&#146;s President and COO Charles P. Hadeed has been
promoted to Chief Executive Officer, succeeding Mr.&nbsp;Sassano.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Sassano has served as Chairman of the company since October, 2003 and has served as CEO for the
last five years, having been named to fill the spot in March, 2002. In his sole capacity as
Executive Chairman, he will continue working with Mr.&nbsp;Hadeed to identify and evaluate acquisition
targets that have the potential to enhance Transcat&#146;s strategic plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Sassano commented: &#147;It has been a privilege to serve as Transcat&#146;s Chief Executive Officer.
Five years ago, we put in place a plan to improve Transcat&#146;s financial performance and operational
efficiencies. We said we were going to continue making improvements and that we expected to
deliver profitable results for our shareholders. We did, and our stock performance reflects the
results we have delivered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;We said that improvements we would make would position us for long-term sustainable profitability
and growth. Over the past three years, we achieved excellent sales growth and substantial overall
growth in operating income, largely due to our substantial investments in calibration sales and
service infrastructure, product marketing initiatives and increased manpower. Importantly, we
increased our margins and marketing efforts, used our strong operating cash flow to substantially
reduce our debt, and strengthened our balance sheet by entering into a $10&nbsp;million revolving credit
facility with JP Morgan Chase in November, 2006.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>- m o r e -</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Transcat, Inc.</B><BR>
April&nbsp;10, 2007<BR>
Page Two

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;These positive results are due to the hard work by the entire Transcat team and the execution of
our strategic plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;As a key member of our senior management team, Charlie Hadeed has worked very closely with me
during the past five years. We have had an outstanding working relationship and will continue to
work as partners to build on the solid foundation that has been established. He is committed to
creating value for our shareholders as we move to the next level in the development of our
business.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Sassano, age 57, joined Transcat&#146;s Board of Directors in 2000, became President and Chief
Executive Officer in 2002, and was elected Chairman in 2003. Previously, he was President and
Chief Operating Officer of Bausch &#038; Lomb, Inc., in 2000 and 1999, respectively, and held numerous
positions at Bausch &#038; Lomb from 1973 to 2000. He is a member of the Board of Directors of IEC Inc.
(IEC.OB) and a partner in CSW Associates a Rochester-based private investment partnership. He is
also a member of the Board of Directors of the Rochester Institute of Technology, WXXI (the PBS
affiliate for the Greater Rochester area), and the Eastman Dental Center Foundation.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>About Transcat, Inc.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Through the Company&#146;s Calibration Services segment, Transcat offers precise, reliable, fast
calibration and repair services through eleven Calibration Centers of Excellence strategically
located across the United States, Canada and Puerto Rico to approximately 8,000 customers. To
support the Company&#146;s customers&#146; requirements, Transcat delivers the industry&#146;s highest quality
calibration services and repairs. Each of the calibration laboratories is ISO-9001: 2000 and the
scope of accreditation to ISO/IEC 17025 is the widest in the industry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><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.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
