PAR Technology Corp. Files Routine 8-K

TL;DR

PAR Tech filed a standard 8-K on Jan 6, 2025, mostly financial updates.

AI Summary

On January 6, 2025, PAR Technology Corp. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating a routine update rather than a significant event. No specific financial figures or new business developments were detailed in the provided excerpt.

Why It Matters

This filing serves as a standard disclosure for PAR Technology Corp., providing updates on financial statements and exhibits. Investors should review the full document for any material changes.

Risk Assessment

Risk Level: low — The filing appears to be a routine disclosure of financial statements and exhibits, with no immediate indication of significant risks or material events.

Key Players & Entities

• PAR TECHNOLOGY CORP (company) — Filer
• 0001140361-25-000344 (document_id) — Accession Number
• 20250106 (date) — Filing Date

FAQ

Filing Documents

• ef20040962_8k.htm (8-K) — 222KB
• ef20040962_ex23.htm (EX-23) — 3KB
• ef20040962_ex99-1.htm (EX-99.1) — 2449KB
• image0.jpg (GRAPHIC) — 699KB
• 0001140361-25-000344.txt ( ) — 15294KB
• par-20250106.xsd (EX-101.SCH) — 81KB
• par-20250106_cal.xml (EX-101.CAL) — 154KB
• par-20250106_def.xml (EX-101.DEF) — 503KB
• par-20250106_lab.xml (EX-101.LAB) — 1457KB
• par-20250106_pre.xml (EX-101.PRE) — 779KB
• ef20040962_8k_htm.xml (XML) — 2110KB

01

Item 8.01 Other Events. PAR Technology Corporation (the "Company") is filing Exhibit 99.1 to its Current Report on Form 8-K (the "Form 8-K") solely to recast certain financial information and related disclosures included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, originally filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2024 (the "2023 Form 10-K"). On June 7, 2024 and July 1, 2024, the Company completed the sale of PAR Government Systems Corporation ("PGSC") and Rome Research Corporation ("RRC"), respectively. The sale of PGSC and RRC comprise the sale of 100% of the Company's Government segment. As a result, the Company determined that the Government segment met the definition of discontinued operations in the quarter ended June 30, 2024, and, as such the historical results of the Government segment have been reflected as discontinued operations in our recast consolidated financial statements for all periods presented herein. The assets and liabilities associated with the Government segment were classified as assets and liabilities of discontinued operations in our consolidated balance sheets as of December 31, 2023 and 2022. Refer to "Note 4 - Discontinued Operations" of the notes to consolidated financial statements in "Part II, Item 8. Financial Statements and Supplementary Data" of Exhibit 99.1 for additional information. The rules of the Securities and Exchange Commission require that when a registrant prepares, on or after the date a registrant reports an accounting change such as the segment change noted above, a new registration, proxy, or information statement (or amends a previously filed registration, proxy, or information statement or expects to file a new registration, proxy or information statement) that includes or incorporates by reference financial statements, the registrant must recast the prior period financial statements included, to be included or incorporate

, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations; and

Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations; and

, Item 8. Financial Statements and Supplementary Data;

Part II, Item 8. Financial Statements and Supplementary Data; Except as specifically set forth in Exhibit 99.1 to recast the historical results of the Government segment as discontinued operations, no revisions or updates are made to the 2023 Form 10-K, and this Form 8-K does not reflect events occurring after we filed our 2023 Form 10-K. Exhibit 99.1 should be read in conjunction with the 2023 Form 10-K and our subsequent filings with the SEC. Exhibit 99.1 is not an amendment to, or a restatement of the 2023 Form 10-K.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 23 Consent of Deloitte & Touche LLP 99.1 Recast Sections of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023: Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations; and Part II, Item 8. Financial Statements and Supplementary Data 101.INS XBRL Instance Document - the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document. 101.SCH XBRL Taxonomy Extension Schema Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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 (Registrant) Date: January 6, 2025 /s/ Bryan A. Menar Bryan A. Menar Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR