content: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C. 20549
  
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
       PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  
  Date of Report (Date of earliest event reported)       June 1, 1998
                                                   -----------------------
  
                             TRANSACT INTERNATIONAL INC.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
  
     Connecticut                      0-8422                       06-0732124
  --------------------------------------------------------------------------------
   (State or other                 (Commission                  (I.R.S. Employer
    jurisdiction                   File Number)                Identification No.)
  of incorporation)
  
  
                    22 Thorndal Circle, Darien, Connecticut 06820
  --------------------------------------------------------------------------------
                      (Address of principal executive offices)
  
  
  Registrant's telephone number, including area code           203-656-0777
                                                      ----------------------------
  
  
  --------------------------------------------------------------------------------
                (Former name, former address and former fiscal year,
                            if changed since last report)
  
  <PAGE>
  
  Item 4.   Changes in Registrant's Certifying Accountants
            ----------------------------------------------
  
  Transact International Inc. (the "Company") dismissed its accountants,  Deloitte
  & Touche LLP  ("former  accountants  ") and engaged  Marden,  Harrison & Kreuter
  Certified  Public  Accountants P.C. ("new  accountants")  effective May 8, 1998.
  This change in  accountants  has been  approved by the audit  committee  and the
  Board of Directors.
  
  The former  accountants'  report on the financial  statements of the Company for
  the past two years  contained  an  uncertainty  as to the  Company's  ability to
  continue as a going  concern.  However,  the former  accountants'  report on the
  financial  statements  of the  Company for the past two years did not contain an
  adverse opinion, or disclaimer of opinion or qualification or modification as to
  audit scope or  accounting  principles.  During the two most recent fiscal years
  and through the date of this  report the Company had no  disagreements  with the
  former accountant on any matter of accounting principles or practices, financial
  statement disclosure or auditing scope or procedures or any reportable events.
  
  In addition,  during the two most recent fiscal years and subsequent to the last
  fiscal year prior to engaging the new  accountants  neither the  registrant  nor
  someone on its behalf consulted the newly engaged  accountants  regarding either
  the  application  of  accounting  principles to a specified  transaction  either
  completed or proposed or the type of audit opinion that might be rendered on the
  registrants financial statements.
  
  Item 7.   Financial Statements and Exhibits
            ---------------------------------
  
  We  are in the  process  of  obtaining  the  required  letter  from  our  former
  accountants',  Deloitte  & Touche  LLP.  We will file an  amended  Form 8-K upon
  receipt of the letter.
  
  
                                     SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned thereunto duly authorized.
  
                                                     TRANSACT INTERNATIONAL INC.
                                                     ---------------------------
                                                             (Registrant)
  
  
  Date:     June 1, 1998
        --------------------
                                                       /s/ Bruno S. Frassetto
                                                     ---------------------------
                                                         Bruno S. Frassetto
                                                              President
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "TRANSACT INTERNATIONAL INC. - 8-K", "secsgml_size_bytes": 4258}]
metadata_filer: {"company-data": {"conformed-name": "TRANSACT INTERNATIONAL INC", "cik": "0000102701", "assigned-sic": "3537", "irs-number": "060732124", "state-of-incorporation": "CT", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-08422", "film-number": "98640179"}, "business-address": {"street1": "20 THORNDAL CIRCLE", "city": "DARIEN", "state": "CT", "zip": "06820", "phone": "2036560777"}, "mail-address": {"street1": "20 THORNDAL CIRCLE", "city": "DARIEN", "state": "CT", "zip": "06820"}, "former-company": [{"former-conformed-name": "GRAM INDUSTRIES INC", "date-changed": "19821215"}, {"former-conformed-name": "VALLEY METALLURGICAL PROCESSING CO INC", "date-changed": "19790314"}]}
text: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
       PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  
  Date of Report (Date of earliest event reported)       June 1, 1998
                                                   -----------------------
  
                             TRANSACT INTERNATIONAL INC.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
     Connecticut                      0-8422                       06-0732124
  --------------------------------------------------------------------------------
   (State or other                 (Commission                  (I.R.S. Employer
    jurisdiction                   File Number)                Identification No.)
  of incorporation)
  
                    22 Thorndal Circle, Darien, Connecticut 06820
  --------------------------------------------------------------------------------
                      (Address of principal executive offices)
  
  Registrant's telephone number, including area code           203-656-0777
                                                      ----------------------------
  
  --------------------------------------------------------------------------------
                (Former name, former address and former fiscal year,
                            if changed since last report)
  Item 4.   Changes in Registrant's Certifying Accountants
            ----------------------------------------------
  
  Transact International Inc. (the "Company") dismissed its accountants,  Deloitte
  & Touche LLP  ("former  accountants  ") and engaged  Marden,  Harrison & Kreuter
  Certified  Public  Accountants P.C. ("new  accountants")  effective May 8, 1998.
  This change in  accountants  has been  approved by the audit  committee  and the
  Board of Directors.
  
  The former  accountants'  report on the financial  statements of the Company for
  the past two years  contained  an  uncertainty  as to the  Company's  ability to
  continue as a going  concern.  However,  the former  accountants'  report on the
  financial  statements  of the  Company for the past two years did not contain an
  adverse opinion, or disclaimer of opinion or qualification or modification as to
  audit scope or  accounting  principles.  During the two most recent fiscal years
  and through the date of this  report the Company had no  disagreements  with the
  former accountant on any matter of accounting principles or practices, financial
  statement disclosure or auditing scope or procedures or any reportable events.
  
  In addition,  during the two most recent fiscal years and subsequent to the last
  fiscal year prior to engaging the new  accountants  neither the  registrant  nor
  someone on its behalf consulted the newly engaged  accountants  regarding either
  the  application  of  accounting  principles to a specified  transaction  either
  completed or proposed or the type of audit opinion that might be rendered on the
  registrants financial statements.
  
  Item 7.   Financial Statements and Exhibits
            ---------------------------------
  
  We  are in the  process  of  obtaining  the  required  letter  from  our  former
  accountants',  Deloitte  & Touche  LLP.  We will file an  amended  Form 8-K upon
  receipt of the letter.
  
                                     SIGNATURES
  
  Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
  registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned thereunto duly authorized.
  
                                                     TRANSACT INTERNATIONAL INC.
                                                     ---------------------------
                                                             (Registrant)
  
  Date:     June 1, 1998
        --------------------
                                                       /s/ Bruno S. Frassetto
                                                     ---------------------------
                                                         Bruno S. Frassetto
                                                              President