Par Technology Revamps Management and Modernizes Bylaws

Par Technology Corp (PAR) has released an update.

PAR Technology Corporation is streamlining its operations, leading to the dismissal of Raju Malhotra as Chief Product and Technology Officer, amidst a reorganization of its product and technology departments. Concurrently, the Company’s Board of Directors has revised its Bylaws, incorporating updates to match Delaware’s General Corporation Law, simplifying shareholder meeting procedures, and introducing new guidelines for shareholder proxy solicitations. These changes aim to modernize the company’s governance and reflect contemporary corporate practices.

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