Papa John's appoints former Wendy's CEO Todd Penegor as President and CEO

PAPA JOHNS INTERNATIONAL INC

Todd Penegor appointed President and CEO effective July 31, 2024, joining the Board of Directors.
Penegor was President and CEO of The Wendy's Company (2016-2024), driving growth to 7,000+ restaurants and 12 years of same-store sales growth.
Employment agreement: $1M base salary, 150% target bonus, $5M long-term equity (pro-rated $2.5M in 2024), $1.25M sign-on restricted stock, and $250K transition bonus.
Interim CEO Ravi Thanawala resumes his role as CFO.

item 5.02 item 7.01 item 9.01

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Appointed

Todd A. Penegor

President and Chief Executive Officer

PZZA · PAPA JOHNS INTERNATIONAL INC

Effective: 2024-07-31
Filed: August 5, 2024, 7:59 PM ET

On July 31, 2024, Papa John’s International, Inc. (the “Company”) and the Board of Directors (the “Board”) appointed Todd A. Penegor to serve as President and Chief Executive Officer of the Company.

Appointed

Todd A. Penegor

Director

PZZA · PAPA JOHNS INTERNATIONAL INC

Effective: 2024-07-31
Filed: August 5, 2024, 7:59 PM ET

The Board also appointed Mr. Penegor as a member of the Board with a term to last until the Company’s annual meeting of stockholders in 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd A. Penegor was appointed as President and Chief Executive Officer at PAPA JOHNS INTERNATIONAL INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On July 31, 2024, Papa John’s International, Inc. (the “Company”) and the Board of Directors (the “Board”) appointed Todd A. Penegor to serve as President and Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd A. Penegor was appointed as Director at PAPA JOHNS INTERNATIONAL INC.

Action: appointed
Role: Director

Exact text from the filing

The Board also appointed Mr. Penegor as a member of the Board with a term to last until the Company’s annual meeting of stockholders in 2025.

View on SEC.gov

PAPA JOHNS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001628280-24-034527

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