Special Committee of Papa John’s Board Approves Company Actions with Respect to John H. Schnatter
The special committee has already taken a number of important actions.
The special committee approved and directed the company to terminate Mr.
Schnatter’s Founder Agreement, which defined his role in the company,
among other things, as advertising and brand spokesperson for the
company. Since Mr. Schnatter no longer has an active role with the
management of company’s business, the special committee also approved
and directed the company to terminate a sublease agreement granting Mr.
Schnatter the right to use certain office space at the company’s
corporate headquarters in
As previously announced, Mr. Schnatter is no longer a spokesperson for the company or the brand. The company has specifically requested that Mr. Schnatter cease all media appearances, and not make any further statements to the media regarding the company, its business or employees.
The special committee also intends to oversee the external audit and investigation which the company previously announced that it will conduct of all the company’s existing processes, policies and systems related to diversity and inclusion, supplier and vendor engagement and Papa John’s culture.
About Papa John’s
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Source: Papa John’s
Papa John’s International, Inc.
Joe Smith, 502-261-4593
Chief Financial Officer
Peter Collins, 502-261-4233