0001206774-21-002238.txt : 20210818 0001206774-21-002238.hdr.sgml : 20210818 20210818115649 ACCESSION NUMBER: 0001206774-21-002238 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210818 DATE AS OF CHANGE: 20210818 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: 0328 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-03905 FILM NUMBER: 211186064 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 DEFA14A 1 transcat3946621-defa14a.htm DEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No.            )
 
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Filed by a Party other than the Registrant [   ] 
 
Check the appropriate box:
 
[   ]        Preliminary Proxy Statement
[   ]   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
[   ]   Definitive Proxy Statement
[X]   Definitive Additional Materials
[   ]   Soliciting Material Pursuant to §240.14a-12

  TRANSCAT, INC.  
  (Name of Registrant as Specified In Its Charter)  
 
       
 
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
  

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The following email was made available to shareholders of Transcat, Inc. on August 18, 2021.
 

Dear [shareholder] –

Yesterday we received the 2021 ISS proxy analysis and benchmarking report.

It was quite surprising to see an "Against" recommendation for Transcat’s Omnibus Stock Plan. There are several reasons we disagree with the “Against” recommendation:

1. The current Omnibus Stock Plan has been in place since 2003.
   
2. It has been approved by ISS every year.
   
3. We have not added shares to the plan since 2013.
   
4. The plan has effectively supported the recruitment and retainment of key leadership personnel.
   
5. The plan has incented the right performance behavior.
   
6. The value of our stock has growth from $12/share to $66/share over the past 7 years.

Please feel free to reach out to me if you would like to discuss the issue further. Otherwise I am seeking your support to vote in favor of the plan that has been in place since 2003.

Lee Rudow

President and Chief Executive Officer
Transcat, Inc.