Papa John's Appoints New CFO

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

From the Filing

0001628280-24-032317.txt : 20240719 0001628280-24-032317.hdr.sgml : 20240719 20240719162234 ACCESSION NUMBER: 0001628280-24-032317 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240717 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240719 DATE AS OF CHANGE: 20240719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAPA JOHNS INTERNATIONAL INC CENTRAL INDEX KEY: 0000901491 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 611203323 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21660 FILM NUMBER: 241128037 BUSINESS ADDRESS: STREET 1: 2002 PAPA JOHNS BOULEVARD CITY: LOUISVILLE STATE: KY ZIP: 40299-2334 BUSINESS PHONE: 5022617272 MAIL ADDRESS: STREET 1: P O BOX 99900 CITY: LOUISVILLE STATE: KY ZIP: 40269-9990 8-K 1 pzza-20240717.htm 8-K pzza-20240717 false 0000901491 0000901491 2024-07-17 2024-07-17 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 17, 2024 Commission File Number: 0-21660 PAPA JOHN’S INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware                      61-1203323 (State or other jurisdiction of        (I.R.S. Employer Identification incorporation or organization)        Number) 2002 Papa Johns Boulevard Louisville , Kentucky 40299-2367 (Address of principal executive offices) ( 502 ) 261-7272 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ] If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol Name of each exchange on which registered: Common stock, $0.01 par value PZZA The NASDAQ Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Compensation Committee of the Board of Directors of Papa John’s International, Inc. (the “Company”) approved the one-time grant of performance-based restricted stock unit awards (the “Retention Awards”) on July 17, 2024, to key executives, including Chief Financial Officer and Interim Chief Executive Officer Ravi Thanawala and Chief Legal and Risk Officer Caroline Oyler, under the