<SEC-DOCUMENT>0001157523-18-000472.txt : 20180301
<SEC-HEADER>0001157523-18-000472.hdr.sgml : 20180301
<ACCEPTANCE-DATETIME>20180301090335
ACCESSION NUMBER:		0001157523-18-000472
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180301
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180301
DATE AS OF CHANGE:		20180301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAPA JOHNS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000901491
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				611203323
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21660
		FILM NUMBER:		18654877

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51766577.htm
<DESCRIPTION>PAPA JOHN'S INTERNATIONAL, INC. 8-K
<TEXT>
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      <font style="font-size: 18pt"><b>UNITED STATES</b></font><font style="font-size: 18pt"><br style="font-size: 18pt"></font><font style="font-size: 18pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 10pt"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-size: 16pt"><b>FORM 8-K</b></font><br><br><b>Current
      Report Pursuant to Section 13 or 15(d)</b><br><b>Of the Securities
      Exchange Act of 1934</b>
    </p>
    <p style="text-align: center; white-space: nowrap">
      Date of Report (Date of earliest event reported):&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt"><b>March
      1, 2018</b></font><br><br><font style="font-size: 16pt"><b>Papa John's
      International, Inc.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font>
    </p>
    <p style="text-align: center">
      <b>Delaware</b><br>(State or other jurisdiction of incorporation)
    </p>
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    <table style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>0-21660</b>
          </p>
        </td>
        <td valign="bottom" style="width: 16%; padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="width: 28%; padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>61-1203323</b>
          </p>
        </td>
        <td style="width: 14%">

        </td>
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        </td>
        <td valign="bottom" style="width: 28%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="width: 16%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="width: 28%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer Identification No.)
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 14%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>2002 Papa John's Boulevard</b><br><b>Louisville, Kentucky 40299-2367</b><br>(Address
      of principal executive offices) (Zip Code)
    </p>
    <p style="text-align: center">
      <b>(502) 261-7272</b><br><font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code</font>
    </p>
    <p style="text-align: center">
      <b>N/A</b><br><font style="font-family: Times New Roman; font-size: 10pt">(Former
      Name or Former Address, if Changed Since Last Report)</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">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:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p>
      Emerging growth company <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font> <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <hr style="width: 100%; color: #000000; height: 1.0 pt; text-align: center">
    <hr style="width: 100%; color: #000000; height: 3.0 pt; text-align: center">


    <p>

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        <div style="text-align: left">

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      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item&#160;7.01. Regulation FD Disclosure.</b>
    </p>
    <p>
      On March 1, 2018, Papa John&#8217;s International, Inc. (the &#8220;Company&#8221;)
      entered into an accelerated share repurchase program with Bank of
      America, N.A.; pursuant to the terms of the confirmation, the Company
      will repurchase $100 million of its common stock under its previously
      announced share repurchase program. A copy of the press release
      announcing the Company&#8217;s entry into the accelerated share repurchase
      program is furnished herewith as Exhibit 99.1.
    </p>
    <p>
      <b>Item 9.01.</b>&#160;&#160;&#160;&#160;<b>Financial Statements and
      Exhibits.</b>
    </p>
    <p>
      (d) Exhibits.
    </p>
<div style="text-align:left">
    <table style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="width: 10%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit No</b></u>
          </p>
        </td>
        <td valign="top" style="width: 90%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 10%; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51766577ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="top" style="width: 90%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51766577ex99_1.htm">Press Release of Papa John&#8217;s
            International, Inc., dated March 1, 2018, announcing the entry
            into accelerated share repurchase program</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center; font-family: Times New Roman; font-size: 10pt">
          2
        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">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 hereunto duly authorized.</font><br><br>
    </p>
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        <td style="width: 50%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>PAPA JOHN'S INTERNATIONAL, INC.</b>
          </p>
        </td>
      </tr>
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        <td style="width: 6%">

        </td>
        <td style="width: 50%">

        </td>
        <td valign="top" style="width: 30%; padding-left: 0.0px; text-align: left">
          (Registrant)
        </td>
        <td style="width: 14%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 30%">

        </td>
        <td valign="top" style="width: 14%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; width: 6%; padding-left: 0.0px; text-align: left">
          Date:
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 50%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            March 1, 2018
          </p>
        </td>
        <td valign="top" style="border-bottom-color: black; border-bottom-style: solid; width: 30%; padding-left: 0.0px; border-bottom-width: 1.0pt; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Steven R. Coke
          </p>
        </td>
        <td style="width: 14%">

        </td>
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        <td style="width: 6%">

        </td>
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        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Steven R. Coke
          </p>
        </td>
        <td style="width: 14%">

        </td>
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        <td style="width: 6%">

        </td>
        <td style="width: 50%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President of Investor Relations and Strategy
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>
      3
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51766577ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Papa
      John&#8217;s Announces Accelerated Share Repurchase Program</b></font>
    </p>
    <p>
      LOUISVILLE, Ky.--(BUSINESS WIRE)--March 1, 2018--Papa John&#8217;s
      International, Inc. (NASDAQ: PZZA) (the &#8220;Company&#8221;), today announced that
      it has entered into a $100 million accelerated share repurchase
      agreement (the &#8220;ASR Agreement&#8221;) with Bank of America, N.A. (&#8220;BofAML&#8221;).
      The Company will acquire shares under the ASR Agreement as part of its
      $500 million share repurchase authorization previously announced on
      August 1, 2017.
    </p>
    <p>
      Pursuant to the terms of the ASR Agreement, the Company will pay BofAML
      $100 million in cash and will initially receive a substantial majority
      of the shares of the Company's common stock it expects to repurchase
      under the ASR Agreement. The total number of shares to be repurchased
      will be based on the average of the daily volume-weighted average prices
      of the Company&#8217;s common stock during the term of the transaction, less
      an agreed discount and subject to potential adjustments pursuant to the
      terms and conditions of the ASR Agreement. At final settlement, BofAML
      may be required to deliver additional shares of common stock to the
      Company, or under certain circumstances, the Company may be required to
      deliver shares of common stock or to make a cash payment, at its
      election, to BofAML. The final settlement of the transaction under the
      ASR is expected to occur no later than the third quarter of 2018.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This release contains forward-looking information related to the
      Company&#8217;s plans with respect to an accelerated share repurchase that
      involves substantial risks and uncertainties that could cause actual
      results to differ materially from those expressed or implied by such
      statements. Risks and uncertainties include, among other things, the
      uncertainties inherent in business and financial planning, including,
      without limitation, risks related to the Company&#8217;s business and
      prospects, adverse developments in the U.S. or global capital markets,
      credit markets or economies generally that could significantly impact
      the Company&#8217;s ability to implement, or realize the benefits of, the
      accelerated share repurchase as currently planned.
    </p>
    <p>
      Other risks and uncertainties are discussed in detail in &#8220;Part I. Item
      1A. &#8211; Risk Factors&#8221; in our Annual Report on Form 10-K for the fiscal
      year ended December 31, 2017. We undertake no obligation to update
      publicly any forward-looking statements, whether as a result of future
      events, new information or otherwise, except as required by law.
    </p>
    <p>
      <b>About Papa John's:</b>
    </p>
    <p>
      Headquartered in Louisville, Kentucky, Papa John's International, Inc.
      (NASDAQ: PZZA) is the world's third-largest pizza delivery company. For
      16 of the past 18 years, consumers have rated Papa John's No. 1 in
      customer satisfaction among all national pizza chains in the American
      Customer Satisfaction Index (ACSI). For more information about the
      company or to order pizza online, visit Papa John's at <u>www.papajohns.com</u>.
    </p>
    <p>
      CONTACT:<br>Papa John's International, Inc.<br>Steve Coke, 502-261-7272<br>Vice
      President of Investor Relations and Strategy<br>
    </p>
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