On March 31, 2026, Richard N. Grant, Jr. stepped down as President and Chief Executive Officer of InTest (the “CEO Transition”). In connection with Mr. Grant’s separation from the Company, and in accordance with his offer letter dated July 24, 2020, Mr. Grant is entitled to severance equal to 12 months base salary paid in accordance with the Company’s customary payroll practices, which is expressly conditioned upon his execution and non-revocation of a confidential separation agreement and general release of claims in a form acceptable to the Company. Mr. Grant has executed both the separation agreement and general release and has not revoked.

As a result of this action, we incurred severance, payroll tax and payroll related, professional fees and other costs through June 30, 2026 in our Corporate & Other segment. We do not expect to incur additional costs for the remainder of 2026 or thereafter related to this action.

On June 11, 2025, we transitioned leadership of our Environmental Technologies segment (the “Environmental Transition”), appointing a new President. We incurred severance, payroll related and corporate legal costs for the outgoing President related to the Environment Transition. As of December 31, 2025, this action was completed.

On February 25, 2025, we notified employees of our wholly-owned subsidiary, Videology Imaging Corporation, of our intention to consolidate all operations in the Netherlands into our facility located in Mansfield, Massachusetts (the “Videology Consolidation”). Videology® is included in our Process Technologies segment. This plan resulted in the closure of the Netherlands facility and the termination of certain employees at that location. The Videology Consolidation of the Netherlands operations was undertaken to increase efficiencies and lower operating costs associated with the current operation of Videology® and was substantially completed by the end of 2025, at which point we vacated the Netherlands facility. While we have substantially completed the Videology Consolidation, we expected to incur facility costs on the remaining operating lease until the earlier of lease termination or expiry of approximately $0.3 million.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2026		2025		2026		2025
CEO Transition
Severance	$	—	$	—	$	428	$	—
Payroll taxes and payroll related	—		—		39		—
Professional fees	7		—		249		—
Other	—		—		13		—
Total CEO Transition restructuring charges	$	7	$	—	$	729	$	—

Videology Consolidation:
Severance	$	—	$	—	$	—	$	237
Retention	—		60		—		79
Payroll taxes and payroll related	—		12		—		63
Other	23		12		45		18
Total Process Technologies restructuring charges	$	23	$	84	$	45	$	397
Corporate portion of action charges	—		52		—		52
Total Videology Consolidation restructuring charges	$	23	$	136	$	45	$	449

Environmental Transition:
Severance	$	—	$	70	$	—	$	70
Payroll taxes and payroll related	—		6		—		6
Total Environmental Technologies restructuring charges	—		76		—		76
Corporate portion of action charges	—		4		—		4
Total Environmental Transition restructuring charges	$	—	$	80	$	—	$	80

Total consolidated restructuring charges	$	30	$	216	$	774	$	529


	Six Months Ended
	June 30,
(in thousands)	2026		2025
Beginning balance	$	198	$	—
Charges	774		529
Cash payments	(554)		(36)
Impact of foreign currency translation adjustments	—		30
Ending balance	$	418	$	523