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 Officers

(e) On May 31, 2017, PAR Technology Corporation (the “Company”) and Dr. Donald H. Foley, the Company’s Chief Executive Officer and President, entered into an Amendment to Restricted Stock Award Agreement (the “Amendment”) solely to correct an administrative error in the number of shares of time vesting restricted stock (the “Shares”) and the associated correction to the vesting schedule of the Shares granted to Dr. Foley under the Restricted Stock Award Agreement between the Company and Dr. Foley, dated May 17, 2017 (the “Agreement”) previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 19, 2017. to the Amendment, the Company granted Dr. Foley 10,243 Shares that vest in increments: (i) 1,940 Shares vest on May 31, 2017; (ii) 1,186 Shares vest on each of June 30, July 31, August 31, September 30, October 31, and November 30, 2017; and (iii) 1,187 Shares vest on December 31, 2017. The Amendment reduced the number of Shares granted under the Agreement from 14,162 to 10,243 to reflect 25% of Dr. Foley’s pro-rated annual base salary for fiscal year 2017. The Amendment 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 8.68 with 67,485 shares trading hands.