PAR PAR Technology Corp

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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): March 21, 2016

 

PAR Technology Corporation
(Exact name of registrant as specified in its charter)

 

PAR Technology Park, 8383 Seneca Turnpike, New Hartford, New York 13413-4991

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (315) 738-0600

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:

 

☐	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))

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Item 7.01

Regulation FD Disclosure.

Jack in the Box Inc. Selects PAR Hardware and Services for Their Jack in the Box® and Qdoba Mexican Grill® Locations

PAR Technology Corporation announced today that Jack in the Box Inc. has selected PAR EverServ® hardware and service solutions for all of their Jack in the Box and Qdoba Mexican Grill Corporate stores and has named PAR as the approved hardware terminal vendor for all franchise locations. Jack in the Box Inc., based in San Diego, CA is a restaurant company that operates and franchises Jack in the Box restaurants, one of the nation’s largest hamburger chains, with more than 2,200 locations. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Grill, a leader in fast-casual dining, with more than 600 locations.

The Company’s press release announcing the selection is included as Exhibit 99.1.

Item 9.01

Financial Statements and Exhibits.

Exhibit Number

Description

99.1	Press Release of PAR Technology Corporation dated March 21, 2016.

 

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.

 

 

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PAR Technology Corporation (NYSE:PAR) FOR RELEASE: March 21, 2016 CONTACT: Christopher R. Byrnes (315) 738-0600 ext. 6226 cbyrnes@partech.com

 

New Hartford, NY – March 21, 2016 – PAR Technology Corporation (NYSE: PAR) announced today that Jack in the Box Inc. (NASDAQ: JACK) has selected PAR EverServ® hardware and service solutions for all of their Jack in the Box® and Qdoba Mexican Grill® Corporate stores and has named PAR as the approved hardware terminal vendor for all franchise locations. Jack in the Box Inc., based in San Diego, CA is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 locations. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Grill®, a leader in fast-casual dining, with more than 600 locations.

Jack in the Box Inc. sought to find an industry leader with quality hardware and a reputation for first-class services to support their business. Their selection of the PAR technology solution was based on many factors including:

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Reputation – For more than 30 years, PAR has built a reputation for quality hardware solutions.

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Flexibility – The PAR Technology solution has the ability to provide a reliable hardware platform, nationwide installation expertise and on-site support options

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Service – PAR’s technical and field service organizations have been supporting customers for more than 30 years with a proven track record of meeting or beating SLA (service level agreement) requirements.

“We were looking to partner with a vendor that offered a reliable and cost effective technology platform.  PAR was able to deliver a solution that not only met our platform requirements, but had the expertise and resources to implement our efficient rollout strategy,” said Jeff Marshall, Jack in the Box, Inc. CIO.

“We are proud to have partnered with Jack in the Box Inc. to deliver a customized solution that met their distinct requirements. The Jack in the Box team has consistently embodied the values of partnership, which has allowed all stakeholders to be successful. We are excited to grow our relationship with their team and look forward to the future,” said Karen Sammon, President and CEO of PAR Technology Corporation.

 

About Jack in the Box, Inc

 

Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Grill®, a leader in fast-casual dining, with more than 600 restaurants in 47 states, the District of Columbia and Canada. For more information on Jack in the Box and Qdoba, including franchising opportunities, visit www.jackinthebox.com or www.qdoba.com.

 

About PAR Technology Corporation

 

PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR.  PAR’s Hospitality segment has been a leading provider of restaurant and retail technology for more than 30 years.  PAR offers technology solutions for the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums and food service companies. PAR’s Government Business is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies.  Visit www.partech.com for more information.

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