PAR Technology Corporation (NYSE:PAR) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
The 2018 Annual Meeting of Stockholders of PAR Technology Corporation (the “Company”) was held on Friday, June 8, 2018 (the “Annual Meeting”). The final results of the stockholders’ vote on each of the proposals presented for a vote is as follows:
Proposal 1 — Election of Directors
The six (6) nominees for election to the Company’s Board of Directors were elected to serve until the 2019 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified or, earlier, until his or her death, resignation, or removal, based upon the following votes:
Director Nominee |
Votes For |
Votes Withheld |
Broker Non-Votes |
Dr. Donald H. Foley |
9,397,153 |
682,474 |
4,199,396 |
Douglas G. Rauch |
10,051,742 |
27,885 |
4,199,396 |
Cynthia A. Russo |
10,030,128 |
49,500 |
4,199,396 |
Dr. John W. Sammon |
9,347,914 |
731,713 |
4,199,396 |
Savneet Singh |
10,032,640 |
46,987 |
4,199,396 |
James C. Stoffel |
10,048,473 |
31,154 |
4,199,396 |
Proposal 2 — Non-binding Advisory Vote Regarding the Compensation of Named Executive Officers
The proposal to approve, on a non-binding, advisory basis, the compensation paid to the Company’s Named Executive Officers as disclosed in the Company's proxy statement was approved based upon the following votes:
For |
Against |
Abstained |
Broker Non-Votes |
8,614,250 |
1,057,565 |
407,812 |
4,199,396 |
Proposal 3 — Ratification of the Appointment of BDO USA, LLP as the Company's Independent Auditors for its fiscal year ending December 31, 2018
The ratification of the appointment of BDO USA, LLP as the Company's independent auditors for its fiscal year ending December 31, 2018 as disclosed in the Company's proxy statement was approved based upon the following votes:
For |
Against |
Abstained |
Broker Non-Votes |
14,249,283 |
27,503 |
2,237 |
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.