This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PAR Technology Corporation Announces Resignation Of Paul Domorski As Chief Executive Officer And President

The Board of Directors of PAR Technology Corporation (NYSE: PAR) (“PAR” or “the Company”) today announced the resignation of Paul B. Domorski as Chief Executive Officer and President. Mr. Domorski has also resigned from the Company’s Board of Directors, for which he served as Chairman.

The Board of Directors also announced two executive appointments, effective March 25, 2013. Ronald J. Casciano, currently PAR’s Chief Financial Officer, will become the Company’s Chief Executive Officer and President, as well as a member of the Board of Directors. Mr. Casciano has been Chief Financial Officer of PAR since 1995, having joined the Company in 1983. Robert P. Jerabeck will become Executive Vice President and Chief Operating Officer. Mr. Jerabeck joins PAR from Honeywell International Inc., for which he served in a number of roles within the Honeywell Scanning and Mobility business unit, including leading the global quality assurance team and serving as Chief Technology Officer.

Mr. Sangwoo Ahn, currently the lead independent member of the Board of Directors, has been named Chairman of the Board of Directors.

“On behalf of the Board of Directors, I thank Paul for his contributions,” said Mr. Ahn. “Since joining PAR, he completed a well-executed divestiture, and, despite a challenging economic environment, positioned the Company to capitalize on its well-established positions in the hospitality and government contracting markets. My fellow directors join me in wishing Paul the best in the next phase of his career."

Mr. Ahn continued, "The Board of Directors believes Ron Casciano is the best person to lead PAR, given his nearly three decades’ perspective on the Company’s evolution. Ron has driven our efforts to streamline and focus our operations and is well-qualified to direct our further pursuit of sustained, profitable growth. Ron’s strengths will be complemented by those of Bob Jerabeck, who has deep operational expertise, with a long career of leadership in product management, manufacturing, and quality systems. The Board welcomes Bob to PAR, and anticipates he will have a significant impact on the Company’s efficiency and effectiveness.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs