Amended Statement of Ownership (sc 13g/a)
June 27 2018 - 6:02AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934*
(Amendment
No. 1)
PAR
Technology Corporation
|
(Name
of Issuer)
|
Common
Stock, $.02 par value
|
(Title
of Class of Securities)
|
698884103
|
(CUSIP
Number)
|
June
21, 2018
|
(Date
of Event Which Requires Filing of this Statement)
|
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
|
☐
|
Rule
13d-1(b)
|
|
|
|
|
☒
|
Rule
13d-1(c)
|
|
|
|
|
☐
|
Rule
13d-1(d)
|
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided
in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section
18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP
No
.
|
981419104
|
|
Page
2 of 7
|
1
|
NAME
OF REPORTING PERSONS
ADW Capital Partners, L.P.
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 27-3514468
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
☐
(b)
☒
|
3
|
SEC
USE ONLY
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware,
United States of America
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING
0
|
|
6
|
SHARED
VOTING POWER
1,623,000
|
|
7
|
SOLE
DISPOSITIVE POWER
0
|
|
8
|
SHARED
DISPOSITIVE POWER
1,623,000
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,623,000
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
|
☐
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%*
|
|
12
|
TYPE
OF REPORTING PERSON
PN
|
|
|
|
|
|
|
*Based upon 16,073,128 shares of common stock outstanding as of May 7, 2018, as disclosed in its Form 10-Q that was filed on May 10, 2018, by the Issuer with the Securities and Exchange Commission.
CUSIP
No
.
|
981419104
|
|
Page
3 of 7
|
1
|
NAME
OF REPORTING PERSONS
Adam D. Wyden
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN:
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
☐
(b)
☒
|
3
|
SEC
USE ONLY
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
New
York, United States of America
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING
0
|
|
6
|
SHARED
VOTING POWER
1,623,000
|
|
7
|
SOLE
DISPOSITIVE POWER
0
|
|
8
|
SHARED
DISPOSITIVE POWER
1,623,000
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,623,000
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
|
☐
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%*
|
|
12
|
TYPE
OF REPORTING PERSON
HC, IN
|
|
|
|
|
|
|
*Based upon 16,073,128 shares of common stock outstanding as of May 7, 2018, as disclosed in its Form 10-Q that was filed on May 10, 2018, by the Issuer with the Securities and Exchange Commission.
CUSIP
No
.
|
981419104
|
|
Page
4 of 7
|
1
|
NAME
OF REPORTING PERSONS
ADW Capital Management, LLC
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 47-1516657
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
☐
(b)
☒
|
3
|
SEC
USE ONLY
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware, United States of America
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE
VOTING
0
|
|
6
|
SHARED
VOTING POWER
1,623,000
|
|
7
|
SOLE
DISPOSITIVE POWER
0
|
|
8
|
SHARED
DISPOSITIVE POWER
1,623,000
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,623,000
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
|
☐
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%*
|
|
12
|
TYPE
OF REPORTING PERSON
HC, IA
|
|
|
|
|
|
|
*Based upon 16,073,128 shares of common stock outstanding as of May 7, 2018, as disclosed in its Form 10-Q that was filed on May 10, 2018, by the Issuer with the Securities and Exchange Commission.
CUSIP
No
.
|
698884103
|
|
Page
5 of 7
|
Item
1(a).
|
|
Name of Issuer:
Par
Technology Corporation (the “Issuer”)
|
|
|
|
Item
1(b).
|
|
Address
of Issuer’s Principal Executive Offices:
8383 Seneca Turnpike, New Hartford , New York 13413
|
|
|
|
Item
2(a).
|
|
Name
of Person Filing:
This statement is jointly filed by and on behalf of each of ADW Capital Partners, L.P., ADW Capital Management, LLC and Adam D. Wyden. ADW Capital Partners, L.P. is the record and direct beneficial owners of the securities covered by this statement. ADW Capital Management, LLC is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, ADW Capital Partners, L.P. Mr. Wyden is the sole manager of, and may be deemed to beneficially own securities owned by, ADW Capital Management, LLC.
Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each of the reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
|
|
|
|
Item
2(b).
|
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Address
of Principal Business Office or, if None, Residence:
|
|
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The address of the principal business office of each of the reporting persons is 1133 Broadway, Suite 719, New York, New York 10010.
|
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Item
2(c).
|
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Citizenship:
|
|
|
See Item 4 on the cover page(s) hereto.
|
|
|
|
Item
2(d).
|
|
Title
of Class of Securities:
|
|
|
Common Stock
|
|
|
|
Item
2(e).
|
|
CUSIP
Number: 698884103
|
|
|
|
Item
3.
|
If
This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:
|
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|
|
(a)
|
☐
|
Broker
or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
|
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(b)
|
☐
|
Bank
as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
|
|
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|
|
|
(c)
|
☐
|
Insurance
company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
|
|
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(d)
|
☐
|
Investment
company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
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|
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(e)
|
☐
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An
investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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CUSIP
No
.
|
698884103
|
|
Page
6 of 7
|
|
(f)
|
☐
|
An
employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
|
|
|
|
|
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(g)
|
☐
|
A
parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
|
|
|
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(h)
|
☐
|
A
savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
|
|
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(i)
|
☐
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A
church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company
Act (15 U.S.C. 80a-3);
|
|
|
|
|
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(j)
|
☐
|
Group,
in accordance with §240.13d-1(b)(1)(ii)(J).
|
|
|
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Item
4.
|
Ownership.
|
|
|
|
Provide
the following information regarding the aggregate number and percentage of the class of securities of the issuer identified
in Item 1.
|
|
|
|
(a)
|
Amount
beneficially owned: See Item 9 on the cover page(s) hereto.
|
|
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(b)
|
Percent
of class: See Item 11 on the cover page(s) hereto.
|
|
|
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(c)
|
Number
of shares as to which such person has:
|
|
|
|
|
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(i)
|
Sole
power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
|
|
|
|
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(ii)
|
Shared
power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
|
|
|
|
|
|
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(iii)
|
Sole
power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
|
|
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|
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(iv)
|
Shared
power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
|
CUSIP
No
.
|
981419104
|
|
Page
7 of 7
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
|
|
|
If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐
|
|
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another Person.
|
|
Not
applicable
|
|
|
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control
Person.
|
|
Not
applicable
|
|
|
Item
8.
|
Identification
and Classification of Members of the Group.
|
|
Not
applicable
|
|
|
Item
9.
|
Notice
of Dissolution of Group.
|
|
Not
applicable
|
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Item
10.
|
Certification.
|
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than
activities solely in connection with a nomination under § 240.14a-11.
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
|
Dated:
|
June
26, 2018
|
|
|
|
ADW Capital
Partners, L.P.
|
|
|
|
By:
|
ADW Capital Management
|
|
Its:
|
General Partner
|
|
|
|
|
Signature:
|
/s/
Adam D. Wyden
|
|
Name:
|
Adam
D. Wyden
|
|
Title:
|
Sole Manager
|
|
|
|
|
|
|
|
ADW
Capital Management, LLC
|
|
|
|
By:
|
/s/ Adam
D. Wyden
|
|
Name:
|
Adam
D. Wyden
|
|
Title:
|
Sole Manager
|
|
|
|
|
|
|
Adam
D. Wyden
|
|
|
|
/s/ Adam D. Wyden
|
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