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Stock impact report

Papa Johns Announces Board Chair Transition and Major Share Repurchase Transaction

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: Business Wire
Jeff Smith to Depart the Board, Christopher Coleman Appointed New Independent ChairPapa Johns Announces Share Repurchase from Starboard Value Under Previously Announced Authorization LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa John's International, Inc. (“Papa Johns”), (NASDAQ: PZZA) today announced that Jeffrey Smith, Chief Executive Officer of Starboard Value LP (“Starboard”), and Chair of the Papa Johns Board of Directors (the “Board”), has resigned from the Board effective as of March 1, 2023. Christopher Coleman, a Papa Johns director since 2012, has been appointed the new independent Chair of the Board. Papa Johns also announced it has entered into an agreement to repurchase 2,176,928 shares of Papa Johns common stock beneficially owned by Starboard at a purchase price of $82.52 per share.“Starboard, led by Jeff Smith, invested in Papa Johns at a challenging time for the company. The Starboard team has provided crucial guidance and insights that have helped drive our turnaround an Show less Read more
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