Papa John's reaches settlement agreement with founder Schnatter
FILE PHOTO: The Papa John's store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking
The company said in a filing on Tuesday that it would co-operate with Schnatter to find a mutually acceptable independent director, who would not be affiliated with hedge fund Starboard Value LP or Schnatter. Schnatter has also agreed to dismiss two lawsuits: one against the company in the Delaware Chancery Court without prejudice and another in Jefferson County, Kentucky, related to a sublease agreement with prejudice, the company said.
Schnatter had filed several lawsuits against the company in a bid to regain control. He resigned as chairman last summer, following reports he had used a racial slur on a media training conference call.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Papa John's founder John Schnatter to resign from board after independent director is namedPapa John's has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman.
Read more »
Papa John's gives upbeat full-year forecast after rocky 2018, shares risePapa John's International Inc forecast better-than-feared North American sa...
Read more »
Papa John's stock rises despite earnings, revenue missPapa John's shares rose in extended trading after the company missed on earnings and revenue.
Read more »
Stocks making the biggest moves after hours: Weight Watchers, Papa John's, Mylan and moreSee which stocks are posting big moves after the bell on February 26.
Read more »
Here come Papa John's... (PZZA) | Markets InsiderPapa John's spent millions of dollars on 're-imaging costs' at the end of last year (PZZA)
Read more »
Papa John's reports fifth straight quarter of declining salesCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »
Stocks making the biggest moves premarket: Target, Kohl's, Papa John's & moreSome of the names on the move ahead of the open.
Read more »
John Bolton: North Korea summit was not a failurePresident Trump is “not desperate for a deal — not with North Korea, not with anybody — if it’s contrary to American national interests,” Bolton said on “Fox News Sunday.”
Read more »
Trump-Kim summit 'not a failure,' John Bolton insists, while acknowledging North Korea remains a threatNational Security Adviser John Bolton insisted President Donald Trump's Hanoi visit was somehow a 'success' despite acknowledging that no denuclearization agreement was made and North Korea remains a threat to global stability.
Read more »