Papa John's International Inc. (PZZA) filed a Form 8K - Director, Officer or Compensation Filing - with the U.S Securities and Exchange Commission on June 30, 2026.
On June 26, 2026, Ravi Thanawala informed Papa John's International, Inc. (the "Company") of his decision to resign from his position as Chief Financial Officer and President, North America of the Company effective June 30, 2026 to assume a chief financial officer position with another public company. Mr. Thanawala's resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Thanawala will serve in an advisory role through July 31, 2026 in order to assist with the transition of his responsibilities. Mr. Thanawala is not entitled to any severance benefits as a result of his departure. The Company has commenced a search for a permanent Chief Financial Officer.
In connection with Mr. Thanawala's resignation, the Company appointed Christopher K. Collins, the Company's Senior Vice President of Corporate Finance and Principal Accounting Officer, to the additional position of interim Chief Financial Officer, effective June 30, 2026.
Mr. Collins, 56, has served as the Company's Senior Vice President of Corporate Finance and Principal Accounting Officer since July 2025. He joined Papa Johns as Vice President, Treasury and Tax in April 2021 and previously served as the Company's interim Chief Financial Officer and Principal Accounting Officer from March 2023 until July 2023. From July 2023 to July 2025, Mr. Collins served as Vice President of Finance - Treasury, Tax, and International Business Segment. He is a seasoned finance professional with over 30 years of experience leading finance functions in the United States and internationally for public companies. Prior to joining the Company, Mr. Collins served as the VP, Treasury at Signet Jewelers from 2019 until 2020. Prior to 2019, he held several financial leadership roles with The Goodyear Tire & Rubber Company in the United States and Europe and with American Axle & Manufacturing.
Mr. Collins has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K, has no arrangement or understanding between him and any other person required to be disclosed pursuant to Item 401(b) of Regulation S-K and has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K.
In connection with his appointment as interim Chief Financial Officer, the Compensation Committee of the Board has approved the following changes to Mr. Collins' compensation, in each case for the period of time in which he serves in this position: (i) an increase of his annual base salary to $415,000 and (ii) an increase in his target annual bonus opportunity to 75% of his base salary.
The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/901491/000162828026046242/pzza-20260626.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/901491/000162828026046242/0001628280-26-046242-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.