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)On January 25, 2018, the Board of Directors of PAR Technology Corporation (the “Company”) approved a grant of 3,919 shares of restricted stock to Dr. Donald H. Foley, the Company’s Chief Executive Officer and President. The grant date is January 31, 2018. The grant was made in connection with Dr. Foley’s offer letter previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on April 13, 2017. The shares of restricted stock reflect the balance of shares of restricted stock to be granted to Dr. Foley through the term of his offer letter, ending April 11, 2018. The shares of restricted stock will vest ratably over the balance of Dr. Foley’s one-year term as follows: (i) 1,202 shares on January 31, 2018; (ii) 1,086 shares on February 28, 2018; (iii) 1,202 shares on March 31, 2018; and (iv) 429 shares on April 11, 2018.
The restricted stock award agreement of Dr. Foley will be filed asan exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending March 31, 2018 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.
