8-K: Current report filing
Published on December 30, 2009
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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
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Date
of Report (Date of earliest event reported)
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December
28, 2009
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Papa
John's International, Inc.
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(Exact
name of registrant as specified in its charter)
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Delaware
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0-21660
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61-1203323
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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2002
Papa John's Boulevard
Louisville,
Kentucky
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40299-2367
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
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(502)
261-7272
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N/A
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(Former
name or former address, if changed since last report)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
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o Written communications pursuant
to Rule 425 under the Securities Act (17 CFR
230.425)
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o Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 28, 2009, the
Compensation Committee of the Board of Directors of Papa John’s International,
Inc. awarded Chairman and Chief Executive Officer John Schnatter a grant of
non-qualified stock options to purchase 37,912 shares of the Company’s common
stock under the Company’s 2008 Omnibus Incentive Plan, with an exercise price of
$24.21, the closing price on the date of grant, as part of his base salary for
2010. The fair value of the grant approximated $320,000 as determined in
accordance with the Black-Scholes valuation methodology. This grant
vests six months from the date of grant and expires in five
years. This grant is in addition to $300,000 in cash base
salary for Mr. Schnatter approved by the Compensation Committee for
2010.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Papa
John's International, Inc.
(Registrant)
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Date: December 30,
2009
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By:
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/s/ J. David Flanery | |
| Name: | J. David Flanery | ||
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Senior
Vice President and
Chief
Financial Officer
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