Michael D. Nelson
Effective as of the Signing/Closing Date, Michael D. Nelson, President of PGSC, ceased to be a named executive officer of PAR.
Highest-materiality recent filing
PAR Tech Q2 revenue $133.4M (+19% YoY), Adj. EBITDA $14.3M; raises FY guidance
Revenue $133.4M, up 19% YoY; GAAP net loss improved to $16.9M from $21.0M.
PAR Tech shareholders approve 2M share increase to equity incentive plan
Annual Meeting held May 29, 2026; all seven director nominees elected, including Savneet Singh and Cynthia Russo.
PAR Tech Q1 revenue $124M (+19% YoY); ARR $330.1M; initiates FY2026 guidance
GAAP net loss improved to $(16.2)M from $(24.5)M; diluted EPS $(0.39) vs $(0.61).
PAR Tech grants board observer rights to 13.2% shareholder Voss Capital
Voss Capital owns 5,426,600 shares (13.2% of PAR common stock).
PAR Technology closes Cardlytics Bridp platform acquisition, issues 1.81M shares
Closed acquisition of Cardlytics' point-of-sale data analytics, loyalty marketing, and retail media network assets for its Bridg platform.
PAR closes $265M 4% convertible note offering, refinances 2027 notes and repurchases stock
$265M aggregate principal of 4.00% Convertible Senior Notes due 2031; net proceeds ~$256.8M.
PAR Tech Q4 revenue $120.1M, ARR $315.4M; board authorizes $100M buyback
Q4 revenue $120.1M (+14.4% YoY); GAAP net loss $(20.9)M, adjusted EBITDA $7.0M.
PAR Tech to acquire Cardlytics' Bridg platform for up to $30M in stock
Purchase price $27.5M, subject to adjustment, max $30M; payable in PAR common stock (up to ~950k shares, ~2.3% dilution).
PAR exchanges ~$17.1M of 2.875% notes due 2026 for ~398,650 common shares
Exchanged ~$17.1M principal of 2.875% Convertible Notes due 2026 for ~398,650 shares of common stock plus ~$134k accrued interest.
PAR Tech Q3 ARR $298.4M (+22% YoY); revenue $119.2M (+23%); non-GAAP EBITDA $5.8M
ARR grew to $298.4M, up 22% total (15% organic) from $244.7M in Q3 2024; sequential growth $11.7M from Q2 2025.
PAR Technology Q2 revenue up 43.8% to $112.4M; ARR reaches $286.7M, up 49% YoY
ARR of $286.7M, total growth 49% (organic 16%); subscription revenue up 60% YoY.
Shareholders approved charter amendment to eliminate monetary liability of officers in limited circumstances, effective June 2, 2025.
PAR Technology Q1 ARR $282.1M (+52%), subscription rev up 78% YoY
ARR grew to $282.1M, up 52% total (18% organic) from $185.7M in Q1 '24.
PAR Tech Q4 revenue up 50% to $105M; ARR $276M (+102%); positive adj. EBITDA
Annual Recurring Revenue grew to $276M, total growth 102% inclusive of 21% organic growth from $136.9M in Q4'23.
PAR raises $115M in 1% convertible notes due 2030; to repay $90M Blue Owl term loan
$115M aggregate principal of 1.00% Convertible Senior Notes due 2030 priced Jan 22, 2025; initial conversion price ~$97.00/share (32.5% premium).
PAR Technology recasts 2023 10-K to show Government segment as discontinued operations
Sale of PGSC completed June 7, 2024; RRC completed July 1, 2024.
PAR Technology acquires Delaget for $132M in stock, expanding restaurant analytics
Acquired Delaget for $132M (subject to adjustments), paid primarily in ~1.5M shares of PAR common stock.
PAR Tech exchanges $100M convertible notes for ~2.4M common shares
Exchanged $100M of 2.875% Convertible Notes due 2026 for ~2.4M shares plus $336K accrued interest.
PAR Tech Q3 revenue $96.8M (+40.8%); ARR $248.1M (+93.3%); first positive adj. EBITDA
Q3 GAAP revenue $96.8M (up 40.8% YoY); subscription service revenue +91% YoY.
PAR Tech Q2 revenue $78.2M (+12%); ARR $192.2M (+57%); adjusted EBITDA loss narrows
ARR $192.2M (+56.9%); organic ARR growth 23.9% YoY; subscription service revenues rose 47.7% YoY.
PAR Technology completes acquisition of TASK Group Holdings for ~$131.5M cash plus stock
Total cash consideration of approximately US$131.5M paid; 2,163,393 shares of PAR common stock issued.
PAR Tech enters $90M credit facility to fund TASK acquisition; close expected July 18
Initial aggregate principal amount of $90.0 million term loan from Blue Owl Capital-led lender group.
PAR Technology sells PGSC to Booz Allen for $95M, agrees to sell RRC for $7M
Completed sale of PGSC to Booz Allen Hamilton for $95M cash on June 7, 2024.
PAR Tech shareholders approve doubling authorized common stock to 116M shares at annual meeting
Shareholders approved amendment to increase authorized common stock from 58M to 116M shares.
PAR Tech Q1 ARR up 60% to $185.7M; revenue rises 5%; net loss widens to $0.62/share
ARR grew 60.2% total, 24.8% organic to $185.7M; subscription revenue up 37% YoY.
PAR Tech amends CEO employment terms, removes $5M life insurance, reduces medical exam reimbursement
Company removes obligation to pay premiums for $5M term life insurance on CEO Savneet Singh.
Completed acquisition of Stuzo for ~$190M ($170M cash + 441,598 PAR shares); Stuzo serves convenience store and fuel retailer market.
PAR Tech discloses separation terms for former CPTO Raju Malhotra including $138,667 severance
Raju Malhotra receives $138,667 (4 months base salary) plus 2 months COBRA medical coverage.
PAR Tech Q4 revenue up 10% to $107.7M but net loss widens to $18.6M; ARR grows 23% to $136.9M
Q4 revenue $107.7M (+10.3% YoY); FY revenue $415.8M (+16.9% YoY).
PAR Technology terminates CPTO Raju Malhotra in reorganization
Raju Malhotra notified of termination as Chief Product & Technology Officer effective Feb 9, 2024.
PAR Technology extends warrant to 2028, enters consulting pact with PAR Act III
Entered consulting agreement with PAR Act III for strategic consulting and M&A due diligence services.
PAR Technology appoints Linda Crawford to Board of Directors, expanding board to seven members
Linda Crawford appointed as independent director effective Dec 5, 2023; Board expands from 6 to 7.
PAR Technology Q3 revenue up 15.5% to $107.1M; net loss narrows to $0.56/share
Revenue $107.1M (+15.5% YoY); subscription revenue up 24.6% YoY; ARR $128.3M (+20.4% YoY).
PAR Technology exchanges $13.75M in convertible notes for 497,376 common shares
All outstanding 4.500% Convertible Senior Notes due 2024 exchanged for equity.
PAR Technology Q2 revenue up 18.2% to $100.5M; net loss widens to $19.7M
Q2 2023 revenue $100.5M (+18.2% YoY); ARR grew 24.3% to $122.5M.
All six director nominees elected: Savneet Singh (18.1M for), Keith Pascal (17.8M for), and others.
PAR Technology Q1 revenue up 25% to $100.4M; adjusted net loss widens to $12.7M
Revenue $100.4M (+25.1% YoY); ARR $115.9M (+22.7% from $94.4M in Q1 '22).
PAR Technology sets 2023 annual meeting for June 1, virtual format
Annual meeting scheduled for June 1, 2023 at 10:00 AM ET.
PAR Technology Q4 revenue up 19.7% to $97.7M; net loss narrows to $13.5M from $25.6M
Q4 revenue $97.7M (+19.7% YoY); full-year revenue $355.8M (+25.8% YoY).
PAR Tech Q3 revenue $92.8M (+19% YoY); software ARR $106.6M (+29%)
Revenue $92.8M, up 19.1% from $77.9M in Q3 2021.
PAR Technology amends bylaws to align with DGCL and modernize governance
Added explicit language allowing shareholder meetings solely by remote communication and electronic notice delivery.
PAR Tech Q2 revenue $85.1M (+23% YoY); net loss widens to $0.70/share; ARR $98.6M (+29%)
Total revenue $85.1M, up 23.4% YoY from $69.0M in Q2 2021.
All six director nominees elected with 19.9M to 20.2M votes for each.
PAR Technology Q1 revenue up 47% to $80.3M; net loss widens to $0.58/share
Revenue $80.3M, up 47.4% YoY; Punchh contributed $11.2M.
Base salary increased to $620,000 for CEO Savneet Singh.
PAR Technology schedules 2022 annual meeting for June 3, 2022
Annual meeting will be held virtually on June 3, 2022 at 10:00 a.m. ET.
PAR Technology Q4 revenue up 39% to $81.6M; net loss widens to $25.6M; ARR grows 164% to $88.2M
Q4 revenue $81.6M (+39.4% YoY); Punchh contributed $9.4M.
PAR Tech grants 20,000 RSUs to CEO Savneet Singh as recognition award for 2021 milestones
Compensation Committee approved grant of 20,000 time-vesting RSUs to CEO/President Savneet Singh on Feb 11, 2022.
PAR Technology posts January 2022 investor presentation on website
Investor presentation dated January 2022 posted to IR section of company website.
Matthew Cicchinelli resigned as President of PAR Government effective Nov 29, 2021; will serve as senior advisor through Jan 15, 2022.
Effective as of the Signing/Closing Date, Michael D. Nelson, President of PGSC, ceased to be a named executive officer of PAR.
On February 8, 2024, Raju Malhotra was notified of the termination of his employment with PAR Technology Corporation (the “Company”), effective February 9, 2024, as a result of the Company’s decision to reorganize its product and technology functions and eliminate his position of Chief Product and Technology Officer.
appointed Linda Marie Crawford as an independent director of the Company, effective December 5, 2023.
Matthew Cicchinelli resigned as President of PAR Government Systems Corporation (“PAR Government”) effective end of business Monday, November 29, 2021.
Effective November 30, 2021, Michael Nelson (age 50) became the new President of PAR Government.
Max materiality 0.85 · Median 0.60 · Most common event earnings