PAR Technology amends CEO Singh's compensation: base salary $620k, new bonus targets, revised performance metrics

PAR TECHNOLOGY CORP

Base salary increased to $620,000 for CEO Savneet Singh.
FY 2022 short-term incentive bonus: threshold (85% achievement) pays 50% bonus, target (100%) pays 100%, maximum (130%) pays 160%.
Performance-vesting RSUs for 2022-2023 now based on Annual Recurring Revenue and ARR Gross Margin, replacing narrower Restaurant ARR metrics.
Annual Recurring Revenue defined as annualized SaaS/related revenue plus payment processing net of expenses; Gross Margin excludes amortization of acquired/developed tech.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.