On January 27, 2014, Transcat Inc. appointed Angela J. Panzarella to its Board of Directors to fill the existing vacancy on the Board. Ms. Panzarella will serve for the remaining portion of the three-year term expiring at the Company's annual meeting of shareholders to be held in 2016 or until her successor is duly elected and qualified. Ms. Panzarella is expected to serve on a Board committee; however, the Board has not yet made this determination.

Ms. Panzarella is the President of ACM Medical Laboratory Inc. Prior to joining ACM Medical Laboratory Inc. in 2010, Ms. Panzarella held various legal and executive positions with Bausch & Lomb Incorporated from 1988 to 2008, most recently Corporate Vice President, Global Vision Care.