Mastech Digital SEC filings document the company's digital transformation IT services business, public-company governance, and NYSE American-listed common stock. Form 8-K reports cover quarterly operating results, share repurchase authorization, material lease agreements, changes in the independent registered public accounting firm, and executive compensation arrangements involving restricted stock.
Proxy materials disclose board and shareholder-voting matters, named executive compensation, equity award information, and governance procedures. The filing record also includes exhibit-based disclosures for press releases, employment and compensation agreements, and other material contracts that affect the company's capital structure, corporate administration, and reporting obligations.
Mastech Digital, Inc. reported results of its annual shareholder meeting held on May 13, 2026. Shareholders approved a Second Amendment to the company’s Stock Incentive Plan to allow the issuance of restricted stock units (RSUs), expanding the forms of equity compensation available.
Two Class III directors, Arun Nayar and Srinivas Kandula, were elected to three-year terms. Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. The Second Amendment to the plan is filed as Exhibit 10.1 and is incorporated by reference.
Mastech Digital reported first‑quarter 2026 revenue of $41.1 million, down 15% from $48.3 million a year earlier, as both its Talent and Data & AI segments softened. Talent revenue fell to $28.5 million and Data & AI to $12.6 million, with Data & AI bookings easing to about $13.6 million from $15.3 million.
Despite lower sales, the company moved to a small net profit of $0.3 million, or $0.02 per diluted share, from a $1.4 million loss. Gross margin held essentially flat at 26.8%, helped by stronger Talent margins. SG&A dropped to $11.0 million from $14.7 million, reflecting lower sales, marketing, and severance costs.
Mastech ended the quarter with $33.6 million of cash, no bank debt, and roughly $21.3 million of unused revolver capacity. Operating cash flow was a $3.2 million outflow, mainly due to bonus payments and higher receivables. Fidelity accounted for 24.5% of revenue, and the top ten clients comprised about 60%. The board also authorized a new share repurchase program of up to $5.0 million, with no repurchases yet in 2026.
Mastech Digital, Inc. reported first quarter 2026 results showing lower revenue but improved profitability as it realigns around its new Talent and Data & AI segments. Revenue was $41.1M, down 15% year over year, with Data & AI revenue down 21% and Talent revenue down 11.8%, reflecting cautious client spending and deliberate exits from lower-margin work.
Despite the softer top line, GAAP net income improved to $0.3M, or $0.02 per diluted share, compared with a loss of $1.4M a year earlier. Non-GAAP net income rose to $1.3M, or $0.11 per diluted share, up from $0.06, helped by lower selling, general and administrative expenses and contributions from the EDGE cost-efficiency initiative.
The company completed a business realignment effective January 1, 2026, now reporting under Talent and Data & AI to support its AI-led strategy. Liquidity remained solid, with $54.9M as of March 31, 2026, including cash of $33.6M and $21.3M of undrawn credit, and no bank debt.
Mastech Digital, Inc. major shareholder Steven A. Shaw reported an open-market purchase of common stock linked to the Rachel Lynn Shaw Trust. The trust acquired 1,000 shares at a weighted average price of $7.04 per share on the transaction date, through multiple trades priced between $6.95 and $7.15. Following this transaction, the trust’s indirect holdings rose to 50,000 shares, while Shaw also reports 1,310,100 shares held directly. Shaw is the trustee and a contingent residual beneficiary of the trust, so these shares are reported as indirect ownership.
Mastech Digital, Inc. major shareholder Steven A. Shaw reported an open-market purchase of 3,000 shares of common stock at a weighted average price of $6.84 per share on behalf of the Rachel Lynn Shaw Trust.
Following this transaction, the trust holds 49,000 shares indirectly attributed to Shaw, while a separate entry shows 1,310,100 shares held directly. The purchase was executed through multiple trades at prices ranging from $6.78 to $7.13 per share.
Mastech Digital, Inc. major shareholder Steven A. Shaw reported open-market purchases of the company’s common stock through the Rachel Lynn Shaw Trust. On April 9, 2026, the trust bought 4,000 shares at a weighted average price of $6.05 per share. On April 10, 2026, it bought an additional 2,000 shares at a weighted average price of $6.19 per share, for total recent purchases of 6,000 shares. After these transactions, the trust held 46,000 shares indirectly, while Shaw also held 1,310,100 shares directly.
Mastech Digital, Inc. is holding its 2026 Annual Meeting of Shareholders on May 13, 2026 in Las Colinas, Texas. Shareholders will vote on electing two Class III directors for terms expiring in 2029, amending the Stock Incentive Plan to permit grants of restricted stock units (RSUs), and an advisory say‑on‑pay vote on named executive officer compensation.
The record date is March 31, 2026, when 11,875,706 common shares were outstanding, and the Board unanimously recommends voting in favor of all three proposals.
Mastech Digital, Inc. granted its CFO and COO, Sugantharaman Kannan, a non-qualified stock option to purchase 150,000 shares of common stock on April 14, 2025. The option has an exercise price of $7.60 per share and expires on April 14, 2035.
The award vests in tranches: 18,750 shares on each of April 14, 2026, 2027, 2028, and 2029, with the remaining shares vesting only if the company’s Quarterly Average Market Capitalization exceeds $300,000,000, $450,000,000, and $600,000,000 during his employment.
Mastech Digital, Inc. executive Sugantharaman Kannan, the company’s CFO and COO, filed an initial insider ownership report on Form 3. This filing establishes his status as a reporting person for Mastech Digital securities. The data provided show no share purchases, sales, grants, or other transactions at this time.