UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 31, 2007
PAR TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-09720 16-1434688
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
PAR Technology Park
8383 Seneca Turnpike
New Hartford, NY 13413-4991
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (315) 738-0600
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 8, 2008, PAR Technology Corporation (the "Company") announced the
appointment of Stephen P. Lynch as President of the Company's Government
Business, effective January 1, 2008. The Company also announced the retirement
of Mr. Al Lane, Mr. Lynch's predecessor as, President of the Company's
Government Business, effective December 31, 2007.
A copy of the press release dated January 8, 2008 announcing Mr. Lynch's
appointment and Mr. Lane's retirement is attached as Exhibit 99.1 hereto and is
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of PAR Technology Corporation dated January 8, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PAR TECHNOLOGY CORPORATION
January 7, 2008 By: /s/ Ronald J. Casciano
------------------------------
Name: Ronald J. Casciano
Title: Vice President, Chief Financial
Officer and Treasurer
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release of PAR Technology Corporation dated January 8, 2008
FOR RELEASE: New Hartford, NY, January 8, 2008
CONTACT: Christopher R. Byrnes (315) 738 - 0600 ext. 226
cbyrnes@partech.com, www.partech.com
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PAR Technology Corporation Appoints Stephen P. Lynch
President of PAR's Government Business
NEW HARTFORD, NY PAR TECHNOLOGY CORPORATION (NYSE:PTC)
NEW HARTFORD, N.Y.--January 8, 2008-- PAR Technology Corporation (NYSE: PTC)
announced today that Stephen P. Lynch has been named President of PAR's
Government Business effective January 1, 2008. Lynch will report to John W.
Sammon, Chairman and Chief Executive Officer of PAR Technology Corporation.
Lynch replaces Al Lane who retired from the company in December, 2007 after a
successful 20 year career with PAR.
"We are pleased to have Steve on board as we complete the leadership transition
of our Government business segment," Sammon stated. "Following Al Lane's
leadership we again have an individual in place with extensive military and
business experience, who understands how to continue the profitable tradition
and expand the revenue growth of this business for our company. Steve's past
military and management experience will be invaluable in this leadership
position." Over the last twenty-eight years, Lynch has demonstrated his strong
leadership skills as a United States Marine Corps officer with a strong emphasis
on operational Command, Control, Communications and Intelligence in support of
various Marine Corps missions throughout the world. During his military career,
Lynch enjoyed great success as a transformational leader serving in several
important command and staff positions, most notably as the Aide-de-Camp to the
Chairman of the Joint Chiefs of Staff and as the Chief of Staff on two separate
occasions for the 1st and 2nd Marine Aircraft Wings.
Lynch commented, "I am very excited to be part of an organization like PAR which
has set the standard in providing leading I/T services to the U.S. military and
other federal, state and local agencies. I look forward to working with the
management team and our existing staff, and I am eager to further develop and
grow this business segment with the wide array of strong technical capabilities
PAR has to offer."
ABOUT PAR TECHNOLOGY
PAR Technology Corporation is a leading provider of professional services and
enterprise business intelligence software and hardware to the hospitality
industry. PAR develops, markets and supports hardware and software products that
improve the ability of hospitality business professionals to make timely,
fact-based business decisions. The Company is a premier provider of I/T
management solutions to hotel and restaurant companies, with over 45,000
installations worldwide in over 105 countries. PAR is also a leader in providing
computer-based system design and engineering services to the Department of
Defense and Federal Government Agencies. PAR Technology Corporation's stock is
traded on the New York Stock Exchange under the symbol PTC. For more information
visit the Company's website at www.partech.com.
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