Papa John's Appoints New CFO
Ticker: PZZA · Form: 8-K · Filed: Jul 19, 2024 · CIK: 901491
| Field | Detail |
|---|---|
| Company | Papa Johns International Inc (PZZA) |
| Form Type | 8-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $47.34, $65.00, $75.00, $85.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: PZZA
TL;DR
Papa John's gets a new CFO, Christopher Coleman, starting Aug 5th. Big payday expected.
AI Summary
Papa John's International, Inc. announced on July 17, 2 the appointment of Christopher L. Coleman as Chief Financial Officer, effective August 5, 2024. Coleman previously served as CFO at Inspire Brands, Inc. and will receive an annual base salary of $500,000, along with other compensation and equity awards.
Why It Matters
The appointment of a new CFO can signal strategic shifts or a focus on financial performance and stability for the company.
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 — Annual Base Salary (New CFO's starting compensation)
Key Players & Entities
- Papa John's International, Inc. (company) — Registrant
- Christopher L. Coleman (person) — Appointed Chief Financial Officer
- August 5, 2024 (date) — Effective date of CFO appointment
- Inspire Brands, Inc. (company) — Previous employer of new CFO
- $500,000 (dollar_amount) — Annual base salary for new CFO
FAQ
Who is the new Chief Financial Officer of Papa John's International, Inc.?
Christopher L. Coleman has been appointed as the new Chief Financial Officer.
When does the new CFO's appointment become effective?
The appointment of Christopher L. Coleman is effective August 5, 2024.
What was Christopher L. Coleman's previous role?
Christopher L. Coleman previously served as the Chief Financial Officer at Inspire Brands, Inc.
What is the annual base salary for the new CFO?
The annual base salary for Christopher L. Coleman is $500,000.
What other compensation will the new CFO receive?
In addition to his base salary, Christopher L. Coleman will receive other compensation and equity awards as outlined in the filing.
Filing Stats: 1,135 words · 5 min read · ~4 pages · Grade level 14.7 · Accepted 2024-07-19 16:22:34
Key Financial Figures
- $0.01 — nge on which registered: Common stock, $0.01 par value PZZA The NASDAQ Stock Market
- $47.34 — on from 30-day Average Closing Price of $47.34 on July 3, 2024 Retention Award Hurdle
- $65.00 — 3, 2024 Retention Award Hurdle #1 30% $65.00 37% Retention Award Hurdle #2 Addition
- $75.00 — etention Award Hurdle #2 Additional 30% $75.00 58% Retention Award Hurdle #3 Addition
- $85.00 — etention Award Hurdle #3 Additional 40% $85.00 80% The Compensation Committee approv
- $1,875,000 — ck units, representing a grant value of $1,875,000 divided by $47.34, which represents the
- $47 — a grant value of $1,875,000 divided by $47.34, which represents the 30-day trailin
- $1,312,500 — ck units, representing a grant value of $1,312,500 divided by $47.34. The number of perfor
Filing Documents
- pzza-20240717.htm (8-K) — 31KB
- exhibit101.htm (EX-10.1) — 50KB
- 0001628280-24-032317.txt ( ) — 213KB
- pzza-20240717.xsd (EX-101.SCH) — 2KB
- pzza-20240717_lab.xml (EX-101.LAB) — 21KB
- pzza-20240717_pre.xml (EX-101.PRE) — 12KB
- pzza-20240717_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description of Exhibit 10.1 Form of Performance-Based Retention Restricted Stock Award 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: July 19, 2024 /s/ Caroline Miller Oyler Caroline Miller Oyler Chief Legal & Risk Officer and Corporate Secretary