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PAR TECHNOLOGY CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

July 30, 2014

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Item 5.02(d) Election of New Director

PAR Technology's Board of Directors has appointed Todd E. Tyler, age 51, to the Board effective July 28, 2014 for a term which will expire at the 2015 Annual Meeting of Shareholders.

Mr. Tyler was appointed to the Nominating/Corporate Governance Committee, where he will serve as Chairman and will also serve on the Audit and Compensation committees. Having been determined by the Board to have no material relationship with the Company, to be independent as defined by the NYSE in its listing standards and the Company's Governance Guidelines and meeting the SEC standards for independence of audit committee members, Mr. Tyler will serve as a non-management, independent director. As such, Mr. Tyler will receive a prorated portion of an annual retainer consisting of $40,000 and $40,000 in restricted stock.

The Company's press release announcing Mr. Tyler's appointment is included as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Description

99.1 Press Release dated July 30, 2014.


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Source: Edgar Glimpses

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