<SEC-DOCUMENT>0001157523-19-001424.txt : 20190620
<SEC-HEADER>0001157523-19-001424.hdr.sgml : 20190620
<ACCEPTANCE-DATETIME>20190620084602
ACCESSION NUMBER:		0001157523-19-001424
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190619
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190620
DATE AS OF CHANGE:		20190620

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:			1229

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21660
		FILM NUMBER:		19907511

	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>a52002435.htm
<DESCRIPTION>PAPA JOHN'S INTERNATIONAL, INC. 8-K
<TEXT>
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    <div style="text-align: center; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 16pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Washington, D.C. 20549</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">FORM 8-K</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Current Report</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to Section 13 or 15(d) of</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Securities Exchange Act of 1934</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date of Report (Date of earliest event reported):</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 19, 2019</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commission File Number:&#160; 0-21660</font></div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">PAPA JOHN&#8217;S INTERNATIONAL, INC.</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Exact name of registrant as specified in its charter)</font></div>
    <div><br>
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    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 45%; font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt;" id="85f68386b640487c9e26b0d9964b71c3">

        <tr>
          <td style="width: 45%; vertical-align: bottom; text-indent: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Delaware</font><font style="font-size: 5.02pt;">&#160;</font> <br>
          </td>
          <td style="width: 10%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: bottom; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">61-1203323</font> <br>
          </td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: bottom; text-indent: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(State or other jurisdiction of</font> <br>
          </td>
          <td style="width: 10%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: bottom; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(I.R.S. Employer Identification</font> <br>
          </td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: bottom; text-indent: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">incorporation or organization)</font> <br>
          </td>
          <td style="width: 10%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: bottom; text-align: center;"><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;"> </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Number)</font>
            <br>
          </td>
        </tr>

    </table>
    <div style="text-align: left; text-indent: 36pt; margin-left: 72pt;"><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><br>
      </font></div>
    <div style="text-align: left; text-indent: 36pt; margin-left: 72pt;"><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;"></font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">2002 Papa Johns Boulevard</font> </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Louisville, Kentucky&#160; 40299-2367</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Address of principal executive offices)</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(502) 261-7272</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Registrant&#8217;s telephone number, including area code)</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">[ ]&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Emerging growth company [ ]</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Securities registered pursuant to Section&#160;12(b)&#160;of the Act:</font></div>
    <table cellspacing="0" cellpadding="0" border="0" id="zc9db5f2f283d46c584f72a7e6698f7f2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 30%; vertical-align: bottom;">&#160;</td>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 30%; vertical-align: bottom;">&#160;</td>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 30%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Title of each class:</font></div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;&#160;&#160;&#160;</font></div>
          </td>
          <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Trading Symbol</font></div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;&#160;&#160;&#160;</font></div>
          </td>
          <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Name of each exchange on which registered:</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Common stock, $0.01 par value</font></div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">PZZA</font></div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The NASDAQ Stock Market LLC</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Securities registered pursuant to Section&#160;12(g)&#160;of the Act: <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;
          font-weight: bold;">None</font></font></div>
    <br>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Section 8 &#8211; Other Events</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Item 8.01 Other Items</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">On June 19, 2019, Papa John's International, Inc. issued a press release, announcing an $80 million investment in marketing and support for its
        franchise system.&#160; Approximately half of the investment will consist of marketing and brand initiatives and approximately half will consist of scheduled financial assistance for domestic franchisees, through 2020.<font style="font-size: 10pt;
          font-family: 'Times New Roman', Times, serif;">&#160;</font>A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Company is furnishing the information in this Current
        Report on Form 8-K. Such information, including Exhibit 99.1, shall not be deemed &#8220;filed&#8221; for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the
        liabilities of that Section. The information in this Item 8.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, regardless of any
        general incorporation language in such filings</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Section 9 &#8211; Financial Statements and Exhibits</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 9.01 Financial Statements and Exhibits</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z043b0cdce1fe45c79c1aabd561c9f2bd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)</font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: left; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibits</font></div>
            </td>
          </tr>

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    </div>
    <br>
    <div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%;">

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              <td style="width: 86.25pt; vertical-align: top; align: right;">
                <div style="text-align: left;">
                  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Exhibit</font></div>
                  <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Number</font></div>
                </div>
              </td>
              <td style="width: auto; vertical-align: bottom; text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Description</font> </td>
            </tr>

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      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;</font></div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z0c7679ea42164fa2baea34843ee390f1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

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            <td style="width: 86.25pt; vertical-align: top; align: right;">
              <div style="text-align: left;"><a href="a52002435_ex991.htm#Exhibit991"><font style="font-size: 10pt; font-family: 'Times New Roman', Times,
                    serif;">99.1</font></a></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: left;"><a href="a52002435_ex991.htm#Exhibit991"><font style="font-size: 10pt; font-family: 'Times New Roman', Times,
                    serif;">Papa John&#8217;s International, Inc. press release dated June 19, 2019.</font></a></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIGNATURES</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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 thereunto duly authorized.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
      </font></div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="dfbec99b3b874a23bbd01d65c6530c4a">

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          <td style="width: 30.15%; vertical-align: bottom;">&#160;</td>
          <td style="width: 25%; vertical-align: bottom; text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;"><font style="font-size: 10pt; font-family: &quot;Times New
                Roman&quot;,Times,serif;"><u>PAPA JOHN&#8217;S INTERNATIONAL, INC.</u></font></font> <br>
          </td>
          <td style="width: 45%; vertical-align: bottom;">&#160;</td>
        </tr>
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          <td style="width: 30.15%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: bottom; text-align: center;" rowspan="1"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">(Registrant)</font> <br>
          </td>
          <td style="width: 45%; vertical-align: bottom;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30.15%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;" rowspan="1">&#160;</td>
        </tr>
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          <td style="width: 30.15%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;" rowspan="1">&#160;</td>
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          <td style="width: 30.15%; vertical-align: bottom;" rowspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date:</font>&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 19, 2019</font></font> <br>
          </td>
          <td style="width: 25%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;" rowspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>/s/ Joseph H. Smith, IV</u></font></font>
            <br>
          </td>
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          <td style="width: 30.15%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;" rowspan="1"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Joseph H. Smith, IV</font> <br>
          </td>
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          <td style="width: 30.15%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 45%; vertical-align: bottom;" rowspan="1">
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Senior Vice President, Chief Financial</font></div>
            <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Officer</font> <br>
            </div>
          </td>
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<DESCRIPTION>EXHIBIT 99.1
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  <div style="text-align: right;"><font style="font-weight: bold; font-size: 10pt;"><a name="Exhibit991"><!--Anchor--></a>Exhibit 99.1</font><font style="font-size: 10pt;"><br>
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      <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"><font style="font-size: 12pt;">
        </font><font style="font-size: 10pt;"><b><font style="font-size: 12pt;">Papa John&#8217;s Announces Investments into Marketing and Support for U.S. Franchise System</font> </b></font>
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          <p style="font-size: 10pt;">LOUISVILLE, Ky.--(BUSINESS WIRE)--June 19, 2019--Papa John&#8217;s International, Inc. (NASDAQ: PZZA) today announced increased investment in marketing and brand initiatives as well as an agreement to provide scheduled
            financial assistance for domestic franchisees ending in 2020. This program has the support of the Company&#8217;s elected Franchise Advisory Council (FAC). This announcement enhances the partnership between the Company and franchisees by delivering
            needed investment in the brand and providing franchisees with certainty on the schedule of remaining royalty relief, as outlined in the agreement.
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            &#8220;The strength of our brand and of our franchisees are both critical to Papa John&#8217;s long-term success. We&#8217;re pleased to announce that Papa John&#8217;s will make a significant investment in the exciting future of our brand,&#8221; said Steve Ritchie,
            President and CEO of Papa John&#8217;s. &#8220;This is an important shared moment for Papa John&#8217;s and our committed franchisee base.&#8221;
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            Under the agreement, Papa John&#8217;s will invest an additional $80 million in the long-term strength of its brand and domestic franchisees, beginning in the third quarter of fiscal 2019. The Company will make significant, additional contributions
            to the National Marketing Fund to amplify the brand&#8217;s differentiated position and activate its new ambassador, Shaquille O&#8217;Neal. Papa John&#8217;s will also extend financial assistance to its traditional domestic franchisees in the form of lower
            royalties, royalty-based service incentives, and targeted relief. The Company&#8217;s announcement of a multi-quarter support package helps franchisees plan and manage their businesses into the future.
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            Bill Green, Chairman of Papa John&#8217;s FAC, said, &#8220;We appreciate the Company&#8217;s continued investment in the Papa John&#8217;s brand, marketing initiatives, and overall franchisee support. We look forward to enjoying the continued benefits of our
            long-term, successful partnership and to winning together.&#8221;
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            <font style="font-size: 10pt;"><b>Forward-Looking Statements</b></font>
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            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, earnings per share, contingent liabilities, resolution of litigation, commodity costs, , profit margins, unit growth, unit level
            performance, capital expenditures, restaurant and franchise development, the ability of the company to mitigate negative consumer sentiment through advertising, marketing and promotional activity, strategic decisions and actions, relationships
            with franchisees and other financial and operational measures. 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. These and other risk factors are discussed in detail in &#8220;Part I. Item 1A. &#8211; Risk Factors&#8221; in our
            Annual Report on Form 10-K/A for the fiscal year ended December 30, 2018, and in &#8220;Part II. Item 1A. &#8211; Risk Factors&#8221; in our Quarterly Report on Form 10-Q for the first quarter ended March 31, 2019, as well as subsequent filings. 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.
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            <font style="font-size: 10pt;"><b>About Papa John's:</b></font>
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            Headquartered in Louisville, Kentucky, Papa John's International, Inc. (NASDAQ: PZZA) is the world'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 ACSI. For more information about the company or to order pizza
            online, visit Papa John&#8217;s at www.papajohns.com.
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          <h2 style="font-size: 10pt;">Contacts</h2>
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            Madeline Chadwick
            <br>
            VP, Communications
            <br>
            Papa John&#8217;s International
            <br>
            502-261-4189
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