Filing Details

Accession Number:
0001193125-23-032096
Form Type:
13G Filing
Publication Date:
2023-02-09 19:00:00
Filed By:
Mfn Partners, Lp
Company:
Par Technology Corp (NYSE:PAR)
Filing Date:
2023-02-10
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MFN Partners 0 1,262,957 0 1,262,957 4.6%
MFN Partners GP 0 1,262,957 0 1,262,957 4.6%
MFN Partners Management 0 1,262,957 0 1,262,957 4.6%
MFN Partners Management 0 1,262,957 0 1,262,957 4.6%
Michael F. DeMichele 0 1,262,957 0 1,262,957 4.6%
Farhad Nanji 0 1,262,957 0 1,262,957 4.6%
Filing

CUSIP No. 698884103

 

 

 

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, $0.02 par value per share

(Title of Class of Securities)

698884103

(CUSIP Number)

December 31, 2022

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 persons 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. 698884103

 

  1   

  Name of Reporting Person:

 

  MFN Partners, LP

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     5     

  SOLE VOTING POWER

 

  0

     6     

  SHARED VOTING POWER

 

  1,262,957

     7     

  SOLE DISPOSITIVE POWER

 

  0

     8     

  SHARED DISPOSITIVE POWER

 

  1,262,957

   9  

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  1,262,957

 10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

 11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%*

 12  

  TYPE OF REPORTING PERSON

 

  PN

 

*

Based on 27,289,779 shares of Common Stock outstanding as of November 4, 2022, as reported in the Issuers Report on Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 9, 2022.

 

2


CUSIP No. 698884103

 

  1   

  Names of Reporting Person:

 

  MFN Partners GP, LLC

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     5     

  SOLE VOTING POWER

 

  0

     6     

  SHARED VOTING POWER

 

  1,262,957

     7     

  SOLE DISPOSITIVE POWER

 

  0

     8     

  SHARED DISPOSITIVE POWER

 

  1,262,957

   9  

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  1,262,957

 10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

 11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%*

 12  

  TYPE OF REPORTING PERSON

 

  OO

 

*

Based on 27,289,779 shares of Common Stock outstanding as of November 4, 2022, as reported in the Issuers Report on Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 9, 2022.

 

3


CUSIP No. 698884103

 

  1   

  Names of Reporting Person:

 

  MFN Partners Management, LP

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     5     

  SOLE VOTING POWER

 

  0

     6     

  SHARED VOTING POWER

 

  1,262,957

     7     

  SOLE DISPOSITIVE POWER

 

  0

     8     

  SHARED DISPOSITIVE POWER

 

  1,262,957

   9  

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  1,262,957

 10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

 11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%*

 12  

  TYPE OF REPORTING PERSON

 

  IA, PN

 

*

Based on 27,289,779 shares of Common Stock outstanding as of November 4, 2022, as reported in the Issuers Report on Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 9, 2022.

 

4


CUSIP No. 698884103

 

  1   

  Names of Reporting Person:

 

  MFN Partners Management, LLC

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  Citizenship or Place of Organization

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     5     

  SOLE VOTING POWER

 

  0

     6     

  SHARED VOTING POWER

 

  1,262,957

     7     

  SOLE DISPOSITIVE POWER

 

  0

     8     

  SHARED DISPOSITIVE POWER

 

  1,262,957

   9  

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  1,262,957

 10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

 11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%*

 12  

  TYPE OF REPORTING PERSON

 

  OO

 

*

Based on 27,289,779 shares of Common Stock outstanding as of November 4, 2022, as reported in the Issuers Report on Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 9, 2022.

 

5


CUSIP No. 698884103

 

  1   

  Names of Reporting Person:

 

  Michael F. DeMichele

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     5     

  SOLE VOTING POWER

 

  0

     6     

  SHARED VOTING POWER

 

  1,262,957

     7     

  SOLE DISPOSITIVE POWER

 

  0

     8     

  SHARED DISPOSITIVE POWER

 

  1,262,957

   9  

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  1,262,957

 10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

 11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%*

 12  

  TYPE OF REPORTING PERSON

 

  IN

 

*

Based on 27,289,779 shares of Common Stock outstanding as of November 4, 2022, as reported in the Issuers Report on Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 9, 2022.

 

6


CUSIP No. 698884103

 

  1   

  Names of Reporting Person:

 

  Farhad Nanji

  I.R.S. Identification No. of above Person (entities only) (voluntary)

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  Citizenship or Place of Organization

 

  Canada

NUMBER OF

SHARES

 BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     5     

  SOLE VOTING POWER

 

  0

     6     

  SHARED VOTING POWER

 

  1,262,957

     7     

  SOLE DISPOSITIVE POWER

 

  0

     8     

  SHARED DISPOSITIVE POWER

 

  1,262,957

   9  

  AGGREGATE AMOUNT BENEFICIALLY OWNED

 

  1,262,957

 10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

 11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%*

 12  

  TYPE OF REPORTING PERSON

 

  IN

 

*

Based on 27,289,779 shares of Common Stock outstanding as of November 4, 2022, as reported in the Issuers Report on Form 10-Q for the period ended September 30, 2022 filed with the Securities and Exchange Commission on November 9, 2022.

 

7


CUSIP No. 698884103

 

AMENDMENT NO. 1 TO SCHEDULE 13G (FINAL AMENDMENT)

Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Stock of the Issuer on May 9, 2022 (the Schedule 13G). Terms defined in the Schedule 13G are used herein as so defined.

The following Items of the Schedule 13G are hereby amended and restated as follows:

Item 4. Ownership

(a) through (c):

The information requested by these paragraphs is incorporated by reference to the cover pages to this Amendment No. 1 to Schedule 13G.

The shares reported herein are directly held by the Partnership. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

Item 5. Ownership of Five Percent or Less of the Class

If this statement is being filed to report the fact that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the Common Stock, check the following:  ☒

 

8


CUSIP No. 698884103

 

SIGNATURES

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: February 10, 2023

 

MFN PARTNERS, LP
By:  

/s/ Jonathan Reisman

Name:   Jonathan Reisman
Title:   Authorized Person
MFN PARTNERS GP, LLC
By:  

/s/ Jonathan Reisman

Name:   Jonathan Reisman
Title:   Authorized Person
MFN PARTNERS MANAGEMENT, LP
By:  

/s/ Jonathan Reisman

Name:   Jonathan Reisman
Title:   Authorized Person
MFN PARTNERS MANAGEMENT, LLC
By:  

/s/ Jonathan Reisman

Name:   Jonathan Reisman
Title:   Authorized Person
FARHAD NANJI

/s/ Farhad Nanji

Farhad Nanji, individually
MICHAEL F. DEMICHELE

/s/ Michael F. DeMichele

Michael F. DeMichele, individually

 

9