Shaquille O’Neal Won't Stand for Re-election to Papa John's (PZZA) Board

Papa John's (NASDAQ: PZZA) disclosed:

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 22, 2024, Shaquille R. O’Neal informed the Board of Directors (the “Board”) of Papa John’s International, Inc. (the “Company”) of his decision not to stand for re-election as a director at the Company’s 2024 annual meeting of stockholders. His current term expires at the annual meeting.

Mr. O’Neal will continue to serve as a brand ambassador pursuant to the terms of the Endorsement Agreement among the Company, Papa John’s Marketing Fund and ABG-Shaq, LLC, and will continue to operate nine Papa Johns restaurants pursuant to a joint venture between the Company and the Shaquille O’Neal Revocable Trust.

The Company thanks Mr. O’Neal for his service to the Board over the last five years.

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