---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-029413"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:25:10.135612+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PAR Technology sells PGSC to Booz Allen for $95M, agrees to sell RRC for $7M

## Summary
- Completed sale of PGSC to Booz Allen Hamilton for $95M cash on June 7, 2024.
- Signed agreement to sell RRC to NexTech Solutions Holdings for $7M; expected close Q2 2024.
- Combined proceeds of $102M from divestiture of government operating segment.
- Michael D. Nelson, PGSC President, ceases as named executive officer effective closing.
- PAR intends to reinvest capital into core restaurant technology business.

## SEC filing metadata
- accession: 0001140361-24-029413
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000114036124029413/0001140361-24-029413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000114036124029413/ef20030854_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-029413
- JSON: https://secwatch.observer/filing/0001140361-24-029413.json
- Plain text: https://secwatch.observer/filing/0001140361-24-029413.txt

## Key facts
- Executive change
  Michael D. Nelson departed as President of PGSC at PAR TECHNOLOGY CORP.
  - Action: ceased to be a named executive officer
  - Role: President of PGSC
  source text: Effective as of the Signing/Closing Date, Michael D. Nelson, President of PGSC, ceased to be a named executive officer of PAR.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000114036124029413/0001140361-24-029413-index.htm

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