On February 22, 2024, Shaquille O’Neal informed the Board of Directors (the “Board”) of Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns” or “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 on May 2, 2024.
“Shaquille joined the Board five years ago during a challenging time for the Company, providing an important vote of confidence in its future potential, management team and board of directors,” said Christopher Coleman, Chairman of the Papa Johns Board of Directors. “We appreciate his many contributions during his tenure.”
Rob Lynch, President and CEO of Papa Johns added, “I would like to thank Shaquille for his service to the Board. When I met with Shaquille during my interview process for the Papa Johns CEO position, his passion for creating positive change in the company was a big selling point for me. I’m grateful for the positive impact he’s had on our culture and the unique perspectives he’s provided on creating deep connections with consumers. Today, Papa Johns is in a much different place thanks, in part, to Shaquille’s involvement with the brand. We are supportive of his professional growth through his other business ventures and look forward to continuing to work with him through our marketing partnership and as a franchisee.”
Although Mr. O’Neal is increasing the time he’s investing in new business ventures, he will continue to serve as an important partner to Papa Johns as a brand ambassador and through his investment in nine Papa Johns restaurants in the Atlanta, Georgia area.
“While my other business commitments make it challenging to extend my board service for another term, I am looking forward to continuing my partnership with Papa Johns, a brand I’ve loved since my days playing basketball at LSU,” said Mr. O’Neal. “I am grateful for the valuable experience…
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