SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 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): November 9, 2005
PAR TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-09720 16-1434688
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) incorporation or
organization) Identification Number)
PAR Technology Park
8383 Seneca Turnpike
New Hartford, NY 13413-4991
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (315) 738-0600
Not Applicable
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(Former Name or Former Address, if changed since Last Report)
Item 5.02 Appointment of New Director.
On November 9, 2005, the Board of Directors of PAR Technology Corporation
elected Dr. Paul D. Nielsen to the Board of Directors, effective January 1,
2006. Dr. Nielsen is the Director & CEO of the Software Engineering Institute at
Carnegie Mellon University in Pittsburgh, PA. Prior to this position, Dr.
Nielsen retired from the U. S. Air Force in 2004 as a major general after
serving for 32 years primarily in research and development. From 2000 through
2004, he was the commander of the Air Force Research Laboratory and the
Technology Executive Officer for the Air Force. A copy of the press release is
filed as Exhibit 99.1 in this report.
Item 8.01 Other Events.
On November 9, 2005, the Board of Directors approved an increase in the
number of Board seats from 6 to 7. Dr. Paul D. Neilsen was elected to fill the
newly created seat. This action will become effective January 1, 2006.
Item 9.01 Financial Statements and Exhibits
Exhibits
99.1 Press Release dated November 14, 2005.
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 thereunto duly authorized.
PAR TECHNOLOGY CORPORATION
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(Registrant)
Date: November 15, 2005
/s/RONALD J. CASCIANO
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Ronald J. Casciano
Vice President, Chief Financial Officer
and Treasurer
EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release dated November 14, 2005.
Exhibit 99.1 Press Release dated November 14, 2005.
RELEASE: NEW HARTFORD, NY, November 14, 2005
CONTACT: Christopher R. Byrnes (315) 738-0600 ext. 226
cbyrnes@partech.com, www.partech.com
-PAR TECHNOLOGY CORPORATION-
ANNOUNCES NEW BOARD MEMBER
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NEW HARTFORD, NY, PAR TECHNOLOGY CORPORATION (NYSE:PTC)
New Hartford, NY--November 14, 2004--PAR Technology Corporation (NYSE:PTC), a
leading provider of integrated hardware, software and service solutions to the
restaurant, hotel/resort and hospitality industries as well as providing
information-technology services to the United States Government, today announced
the election of Dr. Paul D. Nielsen to its Board of Directors, effective January
1, 2006.
Dr. Nielsen has an extensive background in research and development,
engineering, program management and leadership of large, nationally prominent
research organizations. Dr. Nielsen has experience across the full spectrum of
aerospace systems with special emphasis on space and C3I technologies.
He currently is the Director & CEO of the Software Engineering Institute at
Carnegie Mellon University in Pittsburgh, PA. Prior to this position, Dr.
Nielsen retired from the U. S. Air Force in 2004 as a major general after
serving for 32 years primarily in research and development. From 2000 through
2004, he was the commander of the Air Force Research Laboratory and the
Technology Executive Officer for the Air Force.
"We are pleased to welcome Paul to our Board of Directors and look forward to
benefiting from his business and technology expertise," said John W. Sammon,
Chairman and CEO of PAR Technology. "His impressive professional credentials and
strong technology research and development background will add to our
capabilities and we look forward to benefiting from his experience and
perspective. The composition of our Board of highly skilled and experienced
individuals is both a great benefit to our Company and a reflection of the
strength and prospects of PAR Technology."
General Nielsen is a graduate of the Air Force Academy, where he earned a
Bachelor's of Science degree. He also has an MS from the University of
California, an MBA from University of New Mexico and a PhD in Plasma Physics
from the University of California, Davis.
General Nielsen joins PAR's Board of Directors including John W. Sammon,
Chairman and CEO, PAR; Charles A. Constantino, Executive Vice-President; J.
Whitney Haney, Director; Sangwoo Ahn, Director, James A. Simms, Director and
Kevin R. Jost, Director.
ABOUT PAR TECHNOLOGY
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PAR Technology Corporation develops, markets and supports hardware and software
products that improve the ability of restaurant, hotels/resorts and retail
business professionals to make timely, fact-based business decisions. The
Company is the world's largest supplier of Point-of-Sale systems to the quick
service restaurant market with over 40,000 systems installed in over 100
countries. In addition PAR is 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 additional information visit PAR's website at
www.partech.com.