Papa John’s International, Inc. (NASDAQ:PZZA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting of Stockholders held on April 27, 2017, the Company’s stockholders voted on, among other matters, an advisory vote on the frequency of advisory votes on executive compensation. At the meeting, the stockholders of the Company expressed their preference (over 90% of votes cast) for an advisory vote on executive compensation to be held every year, consistent with the recommendation of the Company’s Board of Directors.
In light of these results, the Company’s Board of Directors determined to continue to hold an advisory vote on executive compensation every year. The Board of Directors will reevaluate this determination after the next advisory vote on the frequency of advisory votes on executive compensation.
About Papa John’s International, Inc. (NASDAQ:PZZA)
Papa John’s International, Inc. (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise operations outside of the United States and Canada. As of December 25, 2016, there were 5,097 Papa John’s restaurants in operation, consisting of 744 Company-owned and 4,353 franchised restaurants operating domestically in all 50 states and in 45 countries and territories. It offers pizza along with side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. Papa John’s International, Inc. (NASDAQ:PZZA) Recent Trading Information
Papa John’s International, Inc. (NASDAQ:PZZA) closed its last trading session down -0.35 at 82.06 with 453,469 shares trading hands.