PAR Technology Corp.’s Chief Financial Officer Michael Bartusek was terminated on Monday for violating corporate policy by making unauthorized investments with company funds, the company said in a statement. The unauthorized funds totaled less than $900,000 and occurred between Sept. 25, 2015 and Nov. 6, 2015, two months after Bartusek was hired by the company. An internal audit company spotted the activity, and the investigation is now being led by outside counsel. PAR Technology, which sells technology products to the hospitality and retail industries, has initiated a search for a replacement. The employment of Matthew Trinkaus, the company’s acting treasurer and principal accounting officer, will not be affected by the investigation. Shares of PAR Technology were inactive in premarket trade. They’ve risen 5% over the last three months, outperforming the S&P 500’s flat performance.
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