Brief: Transcat Inc Board Approved Temporary Reductions To Base Salary Of Certain Officers

Transcat

08/05/2020 22:54

May 8 (Reuters) - Transcat Inc  TRNS.O :
    * TRANSCAT INC -  BOARD APPROVED TEMPORARY REDUCTIONS TO
BASE
SALARY OF CERTAIN OFFICERS
    * TRANSCAT INC - BASE SALARY FOR CEO REDUCED BY 20% & OTHER
NAMED
EXECUTIVE OFFICERS' BY 10%
    * TRANSCAT INC - BOARD ALSO AGREED TO REDUCE CASH RETAINER
FEES
FOR DIRECTORS
    * TRANSCAT - AGREED TO DEFER CASH RETAINER FEES FOR DIRECTOR
SERVICES PAYABLE IN Q1 2021
    * TRANSCAT INC - CASH RETAINER FEES FOR DIRECTORS REDUCED BY
20%

Source text: [https://bit.ly/2WCSwGB]
Further company coverage:  TRNS.O 

 (Reuters.Briefs@thomsonreuters.com)