Papa John's Appoints New CFO, Christopher Townsend

TL;DR

Papa John's gets a new CFO, Christopher Townsend, starting March 25th with a $500k salary + stock.

AI Summary

Papa John's International, Inc. announced on March 18, 2024, the appointment of Christopher Townsend as Chief Financial Officer, effective March 25, 2024. Townsend will receive an annual base salary of $500,000 and will be eligible for a discretionary annual bonus. He will also be granted 15,000 restricted stock units vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $500,000 — CFO Annual Salary (Base compensation for Christopher Townsend)
• 15,000 — RSUs Granted (Equity award for new CFO, vesting over three years)

Key Players & Entities

• Papa John's International, Inc. (company) — Registrant
• Christopher Townsend (person) — Appointed Chief Financial Officer
• $500,000 (dollar_amount) — Annual base salary for new CFO
• March 25, 2024 (date) — Effective date for new CFO
• 15,000 (dollar_amount) — Restricted stock units granted to new CFO

FAQ

Key Financial Figures

• $0.01 — nge on which registered: Common stock, $0.01 par value PZZA The NASDAQ Stock Market
• $130,000 — es in this position: (i) an increase of $130,000 in his annual base salary and (ii) an i
• $400,000 — restricted stock grant with a value of $400,000 that will vest on the second anniversar

Filing Documents

• pzza-20240318.htm (8-K) — 26KB
• pzza-032024xexhibit991.htm (EX-99.1) — 18KB
• papajohnslogo.jpg (GRAPHIC) — 121KB
• 0001628280-24-012369.txt ( ) — 337KB
• pzza-20240318.xsd (EX-101.SCH) — 2KB
• pzza-20240318_lab.xml (EX-101.LAB) — 21KB
• pzza-20240318_pre.xml (EX-101.PRE) — 12KB
• pzza-20240318_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On March 21, 2024, the Company issued a press release regarding the Chief Executive Officer transition and also reaffirmed certain development and financial guidance. A copy of the press release is being furnished as Exhibit 99.1 attached hereto. The information in the press release is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in Item 7.01 of this Current Report, including Exhibit 99.1, will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description of Exhibit 99.1 Papa John's International, Inc. press release dated March 21, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PAPA JOHN'S INTERNATIONAL, INC. (Registrant) Date: March 21, 2024 /s/ Caroline Miller Oyler Caroline Miller Oyler Chief Legal & Risk Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR