Narinder Singh
PAR TECHNOLOGYAbout Narinder Singh
Narinder Singh (age 51) has served as an independent director of PAR Technology Corporation since 2021 and is currently a member of the Compensation Committee and the Nominating and Corporate Governance Committee. He is Co-Founder and CEO of LookDeep Inc. (advanced computer vision and AI for hospital healthcare) and previously co-founded Appirio Inc. (acquired by Wipro), with earlier roles at SAP (Corporate Strategy), webMethods (VP/GM), and Accenture. The Board has affirmatively determined Mr. Singh is independent under NYSE and PAR’s independence standards, and each director attended at least 75% of Board and applicable committee meetings in 2024 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Accenture | Center for Strategic Technology | Sep 1995–Nov 1998 | Early tech strategy experience |
| webMethods | VP & GM (R&D, sales, marketing; integration/BPM/workflow) | Nov 1998–Mar 2004 | Led product/market execution in integration software |
| SAP SE | Corporate Strategy Group, Office of the CEO | Jul 2004–Sep 2006 | Led initiatives on sales, maintenance, competitive strategies |
| Appirio Inc. (Topcoder division) | Co-Founder; President & Chief Strategy Officer of Topcoder | Sep 2006–Nov 2016 | Cloud innovation; crowdsourcing community leadership |
| LookDeep Inc. | Co-Founder & CEO | Mar 2019–present | AI/computer vision in healthcare; private company |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| LookDeep Inc. (private) | Co-Founder & CEO | Mar 2019–present | Advanced computer vision/AI healthcare company |
| Sikh Coalition (non-profit) | Director | Not disclosed | Community governance role |
| Public company boards | — | — | None (current or prior) |
Board Governance
- Committee memberships: Compensation Committee (member) and Nominating & Corporate Governance Committee (member) .
- Independence: Determined independent under NYSE and PAR standards; Audit and Compensation Committees comprise only independent directors .
- Attendance: Board held 15 meetings in 2024; each director attended at least 75% of Board and committee meetings where they served .
- Committee activity: Compensation Committee met 6 times; NCGC met 4 times in 2024 .
- Board leadership: Independent Chairman (James C. Stoffel) presides over executive sessions; strong committee-based risk oversight framework .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $40,000 | Quarterly in arrears |
| Compensation Committee member retainer | $7,500 | Non-chair member |
| NCGC member retainer | $5,000 | Non-chair member |
| Total cash fees (earned) | $52,500 | Matches retainers above |
| Equity grant (RSUs) | $174,978 grant-date fair value | 3,395 RSUs granted 8/12/2024; vests earlier of 8/12/2025 or Annual Meeting date |
- Director compensation program (2024): Annual equity grant $175,000 grant-date fair value; no meeting fees; cash chair fees apply only to chairs (he is not a chair) .
- Ownership guidelines: Non-employee directors must hold shares equal to 3x annual cash retainer; all non-employee directors met guidelines as of 12/31/2024 .
Performance Compensation
- Non-employee directors do not receive performance-based cash incentives or performance-vesting equity as part of the director program; compensation mix is cash retainer plus time-vesting RSUs .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Interlock/Conflict Notes |
|---|---|---|---|
| None (public companies) | — | — | No public company interlocks disclosed |
| Private/non-profit roles | LookDeep Inc. (CEO); Sikh Coalition (Director) | — | No related-party transactions disclosed with PAR |
Expertise & Qualifications
- Technology and software leadership (cloud, AI/computer vision), product go-to-market execution, and organizational transformation .
- Strategic planning experience from SAP’s Corporate Strategy Group; startup-to-scale maturity understanding .
- Financial expertise and governance literacy cited in qualifications .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Notes |
|---|---|---|---|
| Narinder Singh | 14,289 | <1% | Beneficial ownership as of 4/9/2025; total shares outstanding 40,497,502 |
| Unvested RSUs (director grant) | 3,395 | — | Each non-employee director had 3,395 unvested RSUs outstanding as of 12/31/2024, vesting by Aug 12, 2025 or Annual Meeting |
- Anti-hedging: Hedging or monetization transactions in PAR securities are prohibited for directors .
- Pledging: Not specifically disclosed; no pledging by Mr. Singh reported in the proxy .
Governance Assessment
- Board effectiveness: Mr. Singh brings complementary technology and strategy expertise to oversight, serving on two core governance committees (Compensation, NCGC). Committee activity was robust in 2024 (Compensation: 6 meetings; NCGC: 4 meetings), and the Board structure includes an independent Chairman and executive sessions .
- Independence and engagement: Affirmed independent; attendance at least 75% alongside peers; director stock ownership guidelines met, supporting alignment .
- Compensation alignment: Director pay structure is balanced (cash + time-vesting RSUs) with no performance-based pay or meeting fees; 2024 cash fees reflect committee service; RSUs vest aligned to annual cycle .
- Consultant independence and pay governance: FW Cook engaged as independent compensation consultant; independence vetted; committee oversees clawback policy and stock ownership guidelines, signaling pay-discipline governance .
- Conflicts/related-party exposure: No related-party transactions disclosed for Mr. Singh; related-party items noted involve another director (Pascal) and a consulting warrant extension, not Singh .
- Shareholder sentiment: 2024 Say-on-Pay support was ~95.7%, indicating broad investor approval of compensation governance; while focused on executives, it reflects overall pay program credibility .
- RED FLAGS: None identified specific to Mr. Singh (no hedging/pledging disclosed, no related-party transactions, independence affirmed, ownership guidelines met) .