nt10k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K
[ ] Form 20-F
[ ] Form 11-K
[ ] Form 10-Q
[ ] Form N-SAR
[ ] Form N-CSR
For Period Ended: December 31, 2011
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I
REGISTRANT INFORMATION
Full Name of Registrant
PAR TECHNOLOGY CORPORATION
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
8383 Seneca Turnpike
City, State and Zip Code
New Hartford, NY 13413
PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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[X]
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III
NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
PAR Technology Corporation (the “Company”) is unable to timely file with the Securities and Exchange Commission, its Annual Report on Form 10-K for the year ended December 31, 2011 without unreasonable effort and expense to the Registrant. This is primarily the result of the time and resources which were necessary to complete the required audit of the financial statements of PAR Logistics Management Systems Corporation, in accordance with Rule 3-05 of Regulation S-X following the sale of substantially all of the assets of this business on January 12, 2012. As a result, the Company requires additional time to complete its annual report and permit its independent registered public accounting firm additional time to complete the audit of the Company’s consolidated financial statements included within Item 15 of Form 10-K for the year ended December 31, 2011. The Form 10-K will be filed as soon as practicable and within the 15 day extension period.
PART IVOTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Ronald J. Casciano (315) 738-0600 Ext. 6273
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the Registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[ X ] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
PAR Technology Corporation anticipates reporting a net loss of $15,532,000 for the year ended December 31, 2011 compared to net income of $3,123,000 for the same period in 2010. Detailed information regarding the results of operations for the year ended December 31, 2011 can be found in the Current Report on Form 8-K filed on February 16, 2012.
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PAR TECHNOLOGY CORPORATION
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Name of Registrant as Specified in Charter |
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Date: March 30, 2012
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By: /s/ Ronald J. Casciano
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Ronald J. Casciano
Vice President, Chief Financial Officer, Treasurer, and Chief Accounting Officer
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INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.
---------------------------------------ATTENTION--------------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
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