---
schema_version: "secwatch.filing_event.v1"
accession: "0000708821-26-000004"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2026-01-15T23:59:59+00:00"
generated_at: "2026-05-16T10:15:34.904131+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PAR exchanges ~$17.1M of 2.875% notes due 2026 for ~398,650 common shares

## Summary
- Exchanged ~$17.1M principal of 2.875% Convertible Notes due 2026 for ~398,650 shares of common stock plus ~$134k accrued interest.
- Retired ~85.5% of total $20M convertible note principal; only $2.9M remains outstanding.
- Expected close on January 23, 2026; no cash proceeds received by the company.
- Exchange reduces debt and eliminates future interest payments on retired notes; dilutes existing shareholders.

## SEC filing metadata
- accession: 0000708821-26-000004
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2026-01-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000070882126000004/0000708821-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000070882126000004/par-20260114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708821-26-000004
- JSON: https://secwatch.observer/filing/0000708821-26-000004.json
- Plain text: https://secwatch.observer/filing/0000708821-26-000004.txt

## Key facts
- Material Agreements
  PAR TECHNOLOGY CORP entered into Exchange Agreements with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026 valued at approximately $17.1 million aggregate principal amount (effective 2026-01-14).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain holders of its outstanding 2.875% Convertible Senior Notes due 2026
  - Value: approximately $17.1 million aggregate principal amount
  - Effective: 2026-01-14
  source text: On January 14, 2026, PAR Technology Corporation (the “Company” or “PAR”) entered into separate and individually negotiated transactions (the “Exchange Agreements”) with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026 (the “Notes”) to exchange approximately $17.1 million aggregate principal amount of the Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000070882126000004/0000708821-26-000004-index.htm

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