secwatch.observer — SEC 8-K summary
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Issuer:     PAR TECHNOLOGY CORP (PAR)
CIK:        0000708821
Form:       8-K/A
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0000708821-24-000017
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAR Tech discloses separation terms for former CPTO Raju Malhotra including $138,667 severance
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- Raju Malhotra receives $138,667 (4 months base salary) plus 2 months COBRA medical coverage.
- Malhotra will receive earned FY2023 short-term incentive bonus per company STI program.
- Time-based and performance-based equity awards vesting in Feb/Mar 2024 are accelerated; remaining unvested awards terminated.
- Annual meeting of shareholders scheduled for Monday, June 3, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708821/000070882124000017/0000708821-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708821/000070882124000017/par-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000708821-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer