TransAct Technologies Inc. says seasoned West Coast technology executive John M. Dillon was elected to its board of directors.
Dillon, 60, was elected to a one-year term at the recent annual meeting for the Hamden maker of electronic dispensers of promotional coupons attached to retail point-of-sale terminals and slot machines.
He has been appointed to several committees, including audit.
In return, he gets the usual corporate retainer: $9,000 for every fiscal quarter served, plus the initial issuance of 10,000 options for TransAct stock, according to a Securities and Exchange Commission filing. After that, he would get 7,500 options each year that he serves.
According to BusinessWeek.com, Dillon is CEO at San Francisco tech company Engine Yard. He is also a partner at Emergence Capital Partners. Â Previously, he served as CEO at Navis Inc.
