A shareholder with a 5.1% stake in a Hamden-based maker of casino printers and food-service technology is pushing the company to reconsider its strategy and add new directors.
Charles M. Gillman raised the concerns about TransAct Technologies Inc. in a filing Thursday with the U.S. Securities and Exchange Commission. He owns 521,841 shares, purchased for approximately $2.45 million, according to the filing.
TransAct’s products include printers that produce betting slips and casino vouchers, along with its BOHA line of food-service technology. BOHA’s products help restaurants and other food-service operators manage tasks such as food labeling, temperature monitoring and inventory.
Gillman, an activist investor known for taking stakes in smaller publicly traded companies, said the BOHA business faces “unique and very complicated challenges” that require an immediate review. He wants TransAct to consider options for the business and add multiple directors with the experience needed to conduct that review.
Gillman also encouraged other investors to contact TransAct’s board and consider calling a special shareholder meeting to elect additional directors.
Gillman said he bought the shares as an investment and is not seeking control of the company.
His concerns come as TransAct considers selling its casino and gaming business, which generated about 55% of the company’s revenue during the first half of 2026. TransAct announced in August that it had hired BofA Securities to evaluate options for that division as the company increases its focus on food-service technology.
Gillman is the second shareholder this year to publicly question that strategy. Former longtime CEO Bart Shuldman said in April that TransAct faces strong competition in food-service software and should focus on its hardware products while working with established software companies.
Shuldman also said an earlier review found that separating TransAct into two companies could produce greater value for shareholders.
TransAct did not immediately respond to a request for comment.
