---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-039783"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2021-11-30T23:59:59+00:00"
generated_at: "2026-06-28T04:58:42.742450+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# PAR Technology subsidiary president resigns; Michael Nelson appointed new President of PAR Government

## Summary
- Matthew Cicchinelli resigned as President of PAR Government effective Nov 29, 2021; will serve as senior advisor through Jan 15, 2022.
- Michael Nelson appointed President effective Nov 30, 2021; previously VP at Riverside Research Institute since 2001.
- Nelson receives $325,000 base salary, STI target 40% of base, LTI target 20% of base, and $135,000 signing bonus with one-year clawback.
- Severance: 4 months base salary without cause; 6 months if termination without cause in connection with change of control.

## SEC filing metadata
- accession: 0001140361-21-039783
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2021-11-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000114036121039783/0001140361-21-039783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000114036121039783/brhc10031309_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-039783
- JSON: https://secwatch.observer/filing/0001140361-21-039783.json
- Plain text: https://secwatch.observer/filing/0001140361-21-039783.txt

## Key facts
- Executive change
  Matthew Cicchinelli resigned as President of PAR Government Systems Corporation at PAR TECHNOLOGY CORP.
  - Action: resigned
  - Role: President of PAR Government Systems Corporation
  source text: Matthew Cicchinelli resigned as President of PAR Government Systems Corporation (“PAR Government”) effective end of business Monday, November 29, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000114036121039783/0001140361-21-039783-index.htm
- Executive change
  Michael Nelson was appointed as President of PAR Government at PAR TECHNOLOGY CORP.
  - Action: appointed
  - Role: President of PAR Government
  source text: Effective November 30, 2021, Michael Nelson (age 50) became the new President of PAR Government.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000114036121039783/0001140361-21-039783-index.htm

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