<SEC-DOCUMENT>0000708821-10-000009.txt : 20100714
<SEC-HEADER>0000708821-10-000009.hdr.sgml : 20100714
<ACCEPTANCE-DATETIME>20100714114513
ACCESSION NUMBER:		0000708821-10-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100708
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20100714
DATE AS OF CHANGE:		20100714

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAR TECHNOLOGY CORP
		CENTRAL INDEX KEY:			0000708821
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				161434688
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1207

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09720
		FILM NUMBER:		10951543

	BUSINESS ADDRESS:	
		STREET 1:		PAR TECHNOLOGY PARK
		STREET 2:		8383 SENECA TURNPIKE
		CITY:			NEW HARTFORD
		STATE:			NY
		ZIP:			13413
		BUSINESS PHONE:		3157380600
</SEC-HEADER>
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<TYPE>8-K
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of report (Date of earliest event reported):&#160;&#160;July 8, 2010</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PAR Technology Park, 8383 Seneca Turnpike, New Hartford, New York 13413-4991</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 7.01 Regulation FD Disclosure</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On July 8, 2010, PAR Technology Corporation issued a news release entitled &#8220;PAR Technology Corporation CEO Announces Intention To Retire.&#8221;&#160;&#160;A copy of the news release is attached as Exhibit 99.1 and incorporated herein by reference.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In accordance with General Instruction B.2 of Form&#160;8-K, the information in this report, including the exhibit attached hereto, shall not be deemed &#8220;filed&#8221; for purposes of Section&#160;18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</font></div>

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<div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Christopher R. Byrnes (315) 738-0600<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>ext. 226</font></div>
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<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 12pt">-</font>PAR TECHNOLOGY CORPORATION</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">New Hartford, NY., July 8, 2010 &#8211;&#160;&#160;Today PAR Technology Corporation (NYSE: PTC) CEO John W. Sammon released the following letter:</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Today I am announcing my intention to retire by the end of this year from my current position as CEO of PAR Technology. I have notified the PAR board of this intention and as a result the board has initiated a process to evaluate both internal and external candidates to fill the CEO position.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">I believe this is a good time for my decision since PAR is now well positioned to enter an exciting era of growth resulting from the efforts of our board and management working closely to craft detailed strategies for each of our business units. Additionally, over the past two years we have staffed these business units with strong, experienced management personnel who are fully engaged in the execution of their plans. Our board and I have worked closely with our new business leaders to assure the continuance of the same principles which have built our company and preserved our long term customer relationships, namely; the delivery of quality products and services, with integrity, thereby earning the trust of our customers. It is in fact this trust which is the foundation of our business.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">I expect our restaurant business will set new records over the next two years driven by major rollouts of new products, affording the opportunity to continue strategic investments such as; the development of next generation enterprise software for the hospitality market and the extension of our fledging Logistics Management Systems (LMS) business. Our startup LMS business provides an exciting opportunity to create a profitable recurring revenue business as our technology is adopted in the emerging &#8220;cold chain&#8221; business. Finally, our government business remains strong with predictable and profitable performance. Thus I expect to hand over a solid foundation upon which the next CEO can build an increasingly profitable company.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">42 years ago, I founded Pattern Analysis &amp; Recognition (PAR), never anticipating that it would become a NYSE, International Corporation with 1700 employees, serving prestigious global corporations. Without the efforts of the hundreds of employees, numerous customers and loyal stockholders; none of this would have been possible. So it is with a sense of profound gratitude and humility that I want to thank these people for creating PAR, while providing me with such an interesting career.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world's largest restaurant chains and their franchisees for almost 30 years.&#160;&#160;Today the Company's extensive offering includes technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR&#8217;s global service network.&#160;&#160;The Company has over 50,000 installations in more than 105 countries worldwide.&#160;&#160;PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and various federal agencies.&#160;&#160;Through PAR Logistics Management Systems, the Company is a provider of best of breed integrated solutions for shipping asset management and tracking.&#160;&#160;PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC.&#160;&#160;For more information visit the Company&#8217;s website at <font style="DISPLAY: inline; TEXT-DECORATION: underline">www.partech.com</font>.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PAR Technology Corporation</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Christopher R. Byrnes, 315-738-0600<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>ext. 226</font></div>

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