UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported):
February 19, 2004
Commission File Number: 0-21660
PAPA JOHN’S INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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61-1203323 |
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(State or other
jurisdiction of |
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(I.R.S. Employer
identification |
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2002 Papa Johns Boulevard |
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(Address of principal executive offices) |
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(502) 261-7272 |
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(Registrant’s telephone number, including area code) |
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Item 5. Other Events
On February 19, 2004, Papa John’s International, Inc. announced that its Board of Directors has approved an increase to $400 million in the amount of the company’s common stock that may be repurchased by the company from time to time through December 26, 2004. The authorization includes both open market purchases as well as private transactions.
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Exhibit |
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Description |
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99.1 |
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Papa John’s International, Inc. press release dated February 19, 2004. |
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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 thereunto duly authorized.
PAPA JOHN’S INTERNATIONAL, INC.
(Registrant)
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Date:February 20, 2004 |
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/s/ J. David Flanery |
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J. David Flanery |
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Chief Financial Officer |
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Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information, contact:
David Flanery
Chief Financial Officer
(502) 261-4753
Papa John’s Increases Stock
Repurchase Authorization to $400 Million
Louisville, Kentucky (February 19, 2004) - Papa John’s International, Inc. (NASDAQ: PZZA) today announced that its Board of Directors has approved an increase to $400 million in the amount of the company’s common stock that may be repurchased by the company from time to time through December 26, 2004. The authorization includes both open market purchases as well as private transactions.
The company announced that to date it has repurchased $373.5 million under the repurchase program. After such repurchases, the company has approximately 17.9 million shares of common stock outstanding on a fully diluted basis (approximately 17.6 million actual shares outstanding).
At January 25, 2004, there were 2,795 Papa John’s restaurants (570 company-owned and 2,225 franchised) operating in 49 states and 16 international markets. Papa John’s also franchises 134 Perfect Pizza restaurants in the United Kingdom. For more information about the company, visit Papa John’s at http://www.papajohns.com.