<SEC-DOCUMENT>0001157523-18-002071.txt : 20181018
<SEC-HEADER>0001157523-18-002071.hdr.sgml : 20181018
<ACCEPTANCE-DATETIME>20181018161020
ACCESSION NUMBER:		0001157523-18-002071
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20181012
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20181018
DATE AS OF CHANGE:		20181018

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:		181128457

	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>
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<TYPE>8-K
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<FILENAME>a51883997.htm
<DESCRIPTION>PAPA JOHN'S INTERNATIONAL, INC. 8-K
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      <font style="font-size: 16pt"><b>UNITED STATES</b></font><br><font style="font-size: 16pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><b>Washington, D.C. 20549</b><br><br>
    </p>
    <p style="text-align: center">
      &#160;<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; <font style="font-family: Times New Roman; font-size: 10pt"><b>October
      12, 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><br><br>
    </p>
    <p style="text-align: center">
      <b>Delaware</b><br>(State or other jurisdiction of incorporation)
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            <b>0-21660</b>
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            <b>61-1203323</b>
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            (Commission File Number)
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            &#160;
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            (IRS Employer Identification No.)
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    <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)<br><br><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><br><br><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>
    </p>
    <p>
      <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>
    </p>
    <p>
      <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>
    </p>
    <p>
      <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>
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    <p>
      <b>Item 5.02. Departure of Directors or Certain Officers; Election of
      Directors; Appointment of Certain Officers; Compensatory Arrangements of
      Certain Officers.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Papa John&#8217;s International, Inc. (the &#8220;Company&#8221;) recently announced
      organizational changes consistent with its strategy to improve the
      customer experience.&#160;&#160;As part of the changes, the Company has
      established dedicated roles and responsibilities around each consumer
      touch point and has consolidated the line of reporting for these roles
      under a new Executive Vice President, Chief Operating and Growth Officer
      position, which is held by Michael R. Nettles effective October 12,
      2018.&#160;&#160;Mr. Nettles was most recently Senior Vice President, Chief
      Information and Digital Officer.&#160;&#160;
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Mr. Nettles, 52, has more than 28 years of business and technology
      leadership experience in the restaurant industry. He joined the Company
      in 2017 as Senior Vice President, Chief Information and Digital Officer,
      overseeing the brand&#8217;s digital technology with a focus on quality,
      utility and ease-of-use for customers. Prior to Papa John&#8217;s, Mr. Nettles
      served as Vice President of Enterprise Architecture and IT Strategy at
      Panera Bread Company from 2012 to 2016.&#160;&#160;Previously, he served as the
      Chief Technology Officer at DiningIn Inc.&#160;&#160;He also held positions with
      Torex and Brinker International and was the Co-Founder of eMac
      Digital/Savista and the Founder and Principal of Red Chair Ventures LLC.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Mr. Nettles has an employment agreement with the Company generally in
      the same form as the employment agreements for the Company&#8217;s other
      senior executives. In connection with his promotion, the Compensation
      Committee has approved an annual base salary of $600,000, annual short
      term incentive target of 75% of base salary, and value of annual long
      term incentive of $700,000. As a result of this increase in annual long
      term incentive value, Mr. Nettles will be granted, on the second
      business day after the Company&#8217;s next earnings release, equity awards
      with a grant date fair value of $300,000 which will be split evenly
      between restricted stock and options. Further information regarding the
      Company's compensation programs is available in our most recent proxy
      statement dated March 28, 2018.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Mr. Nettles has no direct or indirect material interest in any
      transaction required to be disclosed pursuant to Item 404(a) of
      Regulation S-K, has no arrangement or understanding between him and any
      other person required to be disclosed pursuant to Item 401(b) of
      Regulation S-K and has no family relationships required to be disclosed
      pursuant to Item 401(d) of Regulation S-K.&#160;&#160;
    </p>
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      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: left">
      <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><br>
    </p>
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            <b>PAPA JOHN'S INTERNATIONAL, INC.</b>
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          (Registrant)
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          &#160;
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          <p style="margin-bottom: 0px; margin-top: 0px">
            Date: &#160;&#160;October 18, 2018
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          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Steve Ritchie
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            Steve Ritchie
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            President and Chief Executive Officer
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      <font style="font-size: 10pt">3</font>
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