PAR Technology Corporation (NYSE:PAR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Consistent with PAR Technology Corporation’s (the “Company”) previous disclosure on its Current Report on Form 8-K filed on April 13, 2017 with the Securities and Exchange Commission, on May 17, 2017, the Company granted Dr. Donald H. Foley, the Company’s Chief Executive Officer and President, 14,162 shares of restricted stock (the “Shares”) of the Company. The Shares represent 25% of Dr. Foley’s annual base salary, or $115,000, and will vest in increments: (i) 2,682 Shares will vest on May 31, 2017; and (ii) 1,640 Shares will vest in seven (7) monthly installments starting on June 30, 2017 and at the end of each month thereafter.
Dr. Foley’s restricted stock award agreement will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending June 30, 2017 to be filed with the Securities and Exchange Commission.
About PAR Technology Corporation (NYSE:PAR) PAR Technology Corporation (PAR) is a provider of systems and service solutions for the hospitality industry. The Company operates through two segments: Hospitality and Government. The solutions for the restaurant industry integrate software applications, hardware platforms, software delivery, and installation and lifecycle support services. PAR’s software offerings for the Restaurant market include front-of-store point-of-sale (POS) software applications, and enterprise software applications for content management and business intelligence. PAR’s hardware offerings for the restaurant market include POS terminals, kitchen systems utilizing printers and/or video monitors, and a range of food safety monitoring and task management hardware and software solutions. PAR’s Government business provides a range of technical services for the Department of Defense (DoD) and federal agencies. The Government segment focuses on serving intelligence, surveillance and reconnaissance (ISR) customers. PAR Technology Corporation (NYSE:PAR) Recent Trading Information PAR Technology Corporation (NYSE:PAR) closed its last trading session up +0.08 at 8.29 with 119,312 shares trading hands.