---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-016192"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:46:05.155242+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# PAR Tech amends CEO employment terms, removes $5M life insurance, reduces medical exam reimbursement

## Summary
- Company removes obligation to pay premiums for $5M term life insurance on CEO Savneet Singh.
- Annual physical exam reimbursement cap reduced from $15,000 to $2,000.
- Amendment executed March 25, 2024 and effective upon CEO's countersignature.
- All other terms of the May 2023 employment letter remain unchanged.

## SEC filing metadata
- accession: 0001140361-24-016192
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000114036124016192/0001140361-24-016192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000114036124016192/ef20025463_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-016192
- JSON: https://secwatch.observer/filing/0001140361-24-016192.json
- Plain text: https://secwatch.observer/filing/0001140361-24-016192.txt

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