secwatch.observer — SEC 8-K summary
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Issuer:     PAR TECHNOLOGY CORP (PAR)
CIK:        0000708821
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001140361-24-029413
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708821/000114036124029413/0001140361-24-029413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708821/000114036124029413/ef20030854_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-029413

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