ReposiTrak, Inc. 8-K

What Happened

• ReposiTrak, Inc. (TRAK) filed an 8-K and issued a press release on March 17, 2026, announcing that James Gillis was appointed to the Company’s Board of Directors effective March 13, 2026. Mr. Gillis, age 72, was also appointed to the Board’s Audit and Compensation Committees.

Key Details

• Appointment effective: March 13, 2026; press release issued March 17, 2026 (Exhibit 99.1).
• Mr. Gillis is CEO of Gillis & Associates, an M&A advisory firm; previously CEO of Source Interlink (1993–2011) and served on ReposiTrak’s board from Feb 2008–Mar 2015.
• Current board roles include AST/EQ (American Stock Transfer & Trust), SPAR Group, and Travelport Worldwide; advisor to Siris Capital Group and Platinum Equity.
• The Board determined Mr. Gillis is an independent director under NYSE listing standards and the Company’s governance guidelines; no related-party arrangements were reported.

Why It Matters

• Investors get a clear governance update: an experienced, independent director with M&A and industry board experience has joined ReposiTrak and will serve on key oversight committees (Audit and Compensation). This may affect board oversight of financial reporting and executive compensation, and the filing confirms there are no related-party conflicts disclosed.