Papa John's Reports Director/Officer Changes & Compensation

Ticker: PZZA · Form: 8-K · Filed: 2024-08-05T00:00:00.000Z

Sentiment: neutral

Topics: management-change, governance, compensation

Related Tickers: PZZA

TL;DR

Papa John's board shakeup and new exec comp details filed.

AI Summary

Papa John's International, Inc. filed an 8-K on August 5, 2024, reporting on events as of July 31, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for these individuals. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

Changes in a company's board of directors and executive officers, along with details on their compensation, can signal shifts in strategic direction or governance, impacting investor confidence.

Risk Assessment

Risk Level: medium — Changes in key leadership and compensation structures can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

FAQ

What specific officer positions were affected by the changes reported on July 31, 2024?

The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers' but does not specify the exact positions in the provided text.

Were there any new directors elected as part of these events?

Yes, the filing lists 'Election of Directors' as one of the items reported.

What is the primary purpose of the 'Regulation FD Disclosure' mentioned in the filing?

Regulation FD (Fair Disclosure) aims to prevent selective disclosure of material nonpublic information by requiring companies to publicly disseminate such information.

What type of financial statements or exhibits are included with this 8-K filing?

The filing states 'Financial Statements and Exhibits' are included, but the specific nature of these documents is not detailed in the provided text.

What is Papa John's principal executive office address?

The principal executive office is located at 2002 Papa Johns Boulevard, Louisville, Kentucky 40299-2367.

From the Filing

0001628280-24-034527.txt : 20240805 0001628280-24-034527.hdr.sgml : 20240805 20240805080101 ACCESSION NUMBER: 0001628280-24-034527 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240731 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240805 DATE AS OF CHANGE: 20240805 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: 241173143 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-20240731.htm 8-K pzza-20240731 false 0000901491 0000901491 2024-07-31 2024-07-31 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 31, 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. Appointment of Todd Penegor as President and Chief Executive Officer and Director On July 31, 2024, Papa John’s International, Inc. (the “Company”) and the Board of Directors (the “Board”) appointed Todd A. Penegor to serve as President and Chief Executive Officer of the Company. The Board also appointed Mr. Penegor as a member of the Board w

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