<SEC-DOCUMENT>0001157523-19-000612.txt : 20190315
<SEC-HEADER>0001157523-19-000612.hdr.sgml : 20190315
<ACCEPTANCE-DATETIME>20190315130035
ACCESSION NUMBER:		0001157523-19-000612
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190314
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:		20190315
DATE AS OF CHANGE:		20190315

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:			1230

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21660
		FILM NUMBER:		19684262

	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>a51955547.htm
<DESCRIPTION>PAPA JOHN'S INTERNATIONAL, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <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>
    </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="white-space: nowrap; text-align: center">
      Date of Report (Date of earliest event reported):&#160;&#160; <font style="font-size: 10pt; font-family: Times New Roman"><b>March
      14, 2019</b></font><br><br><font style="font-size: 16pt"><b>Papa John's
      International, Inc.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(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="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
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            <b>0-21660</b>
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        </td>
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            &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>61-1203323</b>
          </p>
        </td>
        <td style="width: 14%">

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        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 28%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
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        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
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        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 28%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer Identification No.)
          </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-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code)</font>
    </p>
    <p style="text-align: center">
      <b>N/A</b><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      name or former address, if changed since last report)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <hr style="height: 1.0 pt; color: #000000; text-align: center; width: 100%">
    <hr style="height: 4.0 pt; color: #000000; text-align: center; width: 100%">


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

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

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <hr style="height: 3.0 pt; color: #D3D3D3; text-align: center; width: 100%">


    <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>
      On March 14, 2019, the Board of Directors (the &#8220;<b>Board</b>&#8221;) of
      Papa John&#8217;s International, Inc. (the &#8220;<b>Company</b>&#8221;)
      increased the size of the Board from nine to eleven directors and
      appointed Michael Dubin and Jocelyn Mangan to the Board. Mr. Dubin and
      Ms. Mangan will stand for election at the Company&#8217;s 2019 Annual Meeting
      of Stockholders.&#160;&#160;There are no transactions or relationships between the
      registrant and either Mr. Dubin or Ms. Mangan that are reportable under
      Item 404(a) of Regulation S-K.
    </p>
    <p>
      These appointments were the result of a search by the Board and the
      Corporate Governance and Nominating Committee, as contemplated by the
      Governance Agreement between the Company and Starboard Value LP.
    </p>
    <p>
      A copy of the Company&#8217;s press release announcing the appointments of Mr.
      Dubin and Ms. Mangan is attached hereto as Exhibit 99.1.
    </p>
    <p>
      <b>Item&#160;9.01&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      (d)&#160;Exhibits
    </p>
<div style="text-align:left">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51955547ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 95%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51955547ex99_1.htm">Papa John&#8217;s International, Inc.
            press release dated March 14, 2019</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      1
    </p>
    <hr style="height: 3.0 pt; color: #D3D3D3; text-align: center; width: 100%">


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">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>
    </p>
    <p>
      Date: &#160;&#160;March 15, 2019
    </p>
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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            PAPA JOHN'S INTERNATIONAL, INC.
          </p>
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        <td style="width: 6%">

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            &#160;
          </p>
        </td>
        <td style="width: 10%">

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            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; width: 30%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Joseph H. Smith, IV
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 54%">

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

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 10%">
          &#160;
        </td>
      </tr>
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        <td style="width: 54%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name: Joseph H. Smith, IV
          </p>
        </td>
        <td style="width: 10%">

        </td>
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        <td style="width: 54%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title: Senior Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      2
    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51955547ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Papa
      John&#8217;s Appoints Michael Dubin and Jocelyn Mangan to Board of Directors</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>New
      Independent Directors Bring Strong Records Growing Innovative Consumer
      Brands and Restaurant Related Companies as well as Substantial
      Marketing, Technology and Operations Expertise</b></font></i>
    </p>
    <p>
      LOUISVILLE, Ky.--(BUSINESS WIRE)--March 14, 2019--Papa John&#8217;s
      International, Inc. (NASDAQ: PZZA) today announced that Michael Dubin,
      CEO and Founder of Dollar Shave Club, and Jocelyn Mangan, CEO and
      Founder of Him For Her and a former executive at Snagajob and OpenTable,
      have been appointed to the Company&#8217;s Board of Directors as new
      independent directors.
    </p>
    <p>
      &#8220;We are pleased to welcome Michael and Jocelyn to the Papa John&#8217;s
      Board,&#8221; said Jeff Smith, Chairman of the Papa John&#8217;s Board of Directors.
      &#8220;Michael has a strong record of building innovative consumer brands and
      deep marketing and business operations expertise. Through her executive
      roles at Snagajob and OpenTable, and as a member of the ChowNow Board,
      Jocelyn has substantial technology and product strategy experience,
      including developing mobile apps and leading software products for
      consumer, restaurant and marketplace companies. We expect their skills
      and insights to contribute to the positive actions we have underway to
      capitalize on Papa John&#8217;s &#8216;BETTER INGREDIENTS. BETTER PIZZA.&#8217; market
      position.&#8221;
    </p>
    <p>
      Mr. Dubin said, &#8220;I am honored to join the Papa John&#8217;s Board and look
      forward to working closely with my fellow directors and the Papa John&#8217;s
      team to realize the full potential of the Company&#8217;s brand and
      differentiated market position.&#8221;
    </p>
    <p>
      Ms. Mangan said, &#8220;Papa John&#8217;s was the first company in its category to
      launch many technology initiatives, including online ordering across all
      of its restaurants nationwide. I am excited to contribute as a director
      to the ongoing strategy and product development that will enable Papa
      John&#8217;s technology leadership well into the future.&#8221;
    </p>
    <p>
      <b>About Michael Dubin</b>
    </p>
    <p>
      Michael Dubin currently serves as CEO of Dollar Shave Club, a role held
      since 2011. Dollar Shave Club was acquired by Unilever in 2016. Prior to
      founding Dollar Shave Club, Mr. Dubin built a career spanning marketing,
      advertising, media and digital commerce, holding positions at NBC,
      MSNBC, Time Inc. and two advertising agencies. Mr. Dubin also currently
      serves on the Board of Stance Socks, a privately held company, as well
      as two non-profit organizations.
    </p>
    <p>
      In 2016, Mr. Dubin received Ernst &amp; Young&#8217;s Entrepreneur of the Year in
      Greater Los Angeles award and, in 2015, he was named to Fortune&#8217;s 40
      Under 40 list. He graduated from Emory University.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p>
      <b>About Jocelyn Mangan</b>
    </p>
    <p>
      Jocelyn Mangan is the CEO and Founder of Him For Her, a social
      enterprise whose aim is to change for-profit boards of directors to
      include the world&#8217;s most talented women. Previously, she held various
      executive positions at Snagajob, including serving as Chief Operating
      Officer and prior to that, as Chief Product and Marketing Officer.
      Earlier, Ms. Mangan was Senior Vice President Product at OpenTable.
    </p>
    <p>
      Ms. Mangan currently serves on the Board of Directors of ChowNow, an
      online food ordering system and marketing platform.
    </p>
    <p>
      Ms. Mangan was honored as a member of the 2016 class of Henry Crown
      Fellows and the Aspen Global Leadership Network at the Aspen Institute.
      She was named to Fast Company&#8217;s 2015 list of &#8220;100 Most Creative People
      in Business&#8221; and to Business Insider&#8217;s 2014 list of the &#8220;32 Most
      Powerful Women in Mobile Advertising.&quot; She graduated from Vanderbilt
      University.
    </p>
    <p>
      <b>About Papa John&#8217;s</b>
    </p>
    <p>
      Headquartered in Louisville, Kentucky, Papa John's International, Inc.
      (NASDAQ: PZZA) is the world&#8217;s third-largest pizza delivery company. In
      2018, consumers rated Papa John&#8217;s No. 1 in product and service quality
      among national pizza chains in the American Customer Satisfaction Index
      (ACSI). For 17 of the past 19 years, consumers have rated Papa John's
      No. 1 in customer satisfaction among national pizza chains in the
      American Customer Satisfaction Index (ACSI). For more information about
      the Company or to order pizza online, visit Papa John&#8217;s at <u>www.papajohns.com</u>.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      Certain matters discussed in this press release and other company
      communications constitute forward-looking statements within the meaning
      of the federal securities laws. Generally, the use of words such as
      &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;will,&#8221;
      &#8220;forecast,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; or similar words identify forward-looking
      statements that we intend to be included within the safe harbor
      protections provided by the federal securities laws. Such
      forward-looking statements may relate to projections or guidance
      concerning: business performance; revenue; earnings; cash flow;
      investments in certain growth initiatives, advertising, marketing and
      promotional activity, rebranding efforts, and technological investments;
      capital allocation; consumer sentiment; profit margins; unit growth;
      unit level performance; capital expenditures; corporate governance;
      board composition, performance and strategy; shareholder and other
      stakeholder engagement and support; strategic decisions and actions; and
      related initiatives and actions. Such statements are not guarantees of
      future performance and involve certain risks, uncertainties and
      assumptions, which are difficult to predict and many of which are beyond
      our control. Therefore, actual outcomes and results may differ
      materially from those matters expressed or implied in such
      forward-looking statements. The risks, uncertainties and assumptions
      that are involved in our forward-looking statements include, but are not
      limited to those in our risk factors discussed in detail in &#8220;Part&#160;I.
      Item 1A. &#8212; Risk Factors&#8221; in our Annual Report on Form&#160;10-K for the
      fiscal year ended December&#160;30 2018. 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>

    </p>
    <p>
      CONTACT:<br><i><b>Investors:</b></i><br>Joe Smith, 502-261-7272<br>Chief
      Financial Officer<br><u>Joe_Smith@papajohns.com</u><br><i><b>Media:</b></i><br>Madeline
      Chadwick, 502-261-4189<br>VP, Communications<br><u>Madeline_Chadwick@papajohns.com</u>
    </p>
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