---
schema_version: "secwatch.filing_event.v1"
accession: "0000708821-24-000006"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:47:49.436930+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PAR Technology terminates CPTO Raju Malhotra in reorganization

## Summary
- Raju Malhotra notified of termination as Chief Product & Technology Officer effective Feb 9, 2024.
- Position eliminated as part of product/tech function reorganization.
- No successor named; CFO Bryan Menar remains principal financial officer.
- Bylaws amended for Delaware law updates and shareholder proxy card color rule.

## SEC filing metadata
- accession: 0000708821-24-000006
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000070882124000006/0000708821-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000070882124000006/par-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708821-24-000006
- JSON: https://secwatch.observer/filing/0000708821-24-000006.json
- Plain text: https://secwatch.observer/filing/0000708821-24-000006.txt

## Key facts
- Executive change
  Raju Malhotra was terminated as Chief Product and Technology Officer at PAR TECHNOLOGY CORP.
  - Action: terminated
  - Role: Chief Product and Technology Officer
  source text: On February 8, 2024, Raju Malhotra was notified of the termination of his employment with PAR Technology Corporation (the “Company”), effective February 9, 2024, as a result of the Company’s decision to reorganize its product and technology functions and eliminate his position of Chief Product and Technology Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000070882124000006/0000708821-24-000006-index.htm
- Governance Changes
  PAR TECHNOLOGY CORP: Amended and restated Bylaws to update provisions including virtual meeting adjournment, elimination of shareholder list examination, and proxy card color requirement for shareholder solicitors (effective 2024-02-08).
  - Change: bylaw amendment
  - Effective: 2024-02-08
  source text: On February 8, 2024, the Board of Directors (the “Board”) of the Company amended and restated the Bylaws of the Company to implement certain updates, as well as to make certain administrative, clarifying and conforming changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000070882124000006/0000708821-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.