PAPA JOHNS INTERNATIONAL INC 8-K

What Happened

• Papa John's International filed an 8-K on June 30, 2026 announcing that Ravi Thanawala informed the company on June 26, 2026 that he will resign as Chief Financial Officer and President, North America effective June 30, 2026 to take a CFO role at another public company. The filing says his resignation is not due to any disagreement with the company. Thanawala will serve in an advisory role through July 31, 2026 and is not entitled to severance.
• The company appointed Christopher K. Collins (age 56), Senior Vice President of Corporate Finance and Principal Accounting Officer, as interim Chief Financial Officer effective June 30, 2026. Collins previously served as the company’s interim CFO and Principal Accounting Officer in 2023 and has been with Papa John’s since 2021.

Key Details

• Resignation notice given: June 26, 2026; effective date: June 30, 2026; advisory support through July 31, 2026.
• Interim CFO: Christopher K. Collins (Sen. VP of Corporate Finance & Principal Accounting Officer); previously interim CFO March–July 2023.
• Interim pay adjustments approved for Collins while serving as interim CFO: annual base salary increased to $415,000 and target annual bonus set at 75% of base salary.
• Company has begun a search for a permanent Chief Financial Officer.

Why It Matters

• A CFO change is a material leadership transition that affects financial oversight and investor confidence; Papa John’s has named an experienced internal interim CFO to provide continuity.
• The filing notes no disagreement with management and no severance payable, limiting near-term cash impact related to the departure.
• Investors should watch for announcements about the permanent CFO search, any changes to financial guidance or reporting, and continued executive stability as the company transitions leadership.