---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-034527"
form_type: "8-K"
ticker: "PZZA"
cik: "0000901491"
company_name: "PAPA JOHNS INTERNATIONAL INC"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:19:36.996568+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-034527
- form_type: 8-K
- ticker: PZZA
- cik: 0000901491
- company_name: PAPA JOHNS INTERNATIONAL INC
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/901491/000162828024034527/0001628280-24-034527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/901491/000162828024034527/pzza-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-034527
- JSON: https://secwatch.observer/filing/0001628280-24-034527.json
- Plain text: https://secwatch.observer/filing/0001628280-24-034527.txt

## Key facts
- Executive change
  Todd A. Penegor was appointed as President and Chief Executive Officer at PAPA JOHNS INTERNATIONAL INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/901491/000162828024034527/0001628280-24-034527-index.htm
- Executive change
  Todd A. Penegor was appointed as Director at PAPA JOHNS INTERNATIONAL INC.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/901491/000162828024034527/0001628280-24-034527-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.