Papa Johns 2010 Annual Report Download - page 31

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24
2003 to 2009, Mr. Tucker served as Chief Financial Officer of Evergreen Real Estate, a company owned
by John Schnatter. Mr. Tucker is a licensed Certified Public Accountant.
Andrew M. Varga was appointed Senior Vice President and Chief Marketing Officer in August 2009.
Mr. Varga joined Papa John’s after 21 years with Brown-Forman Corporation. Mr. Varga served as
Senior Vice President/Director of Marketing for Brown-Forman from 2007 until 2009, responsible for
the company’s Wines and Spirits portfolio in the North American Region. From 2004 to 2007, Mr. Varga
was Senior Vice President/Managing Director, Wines Marketing, with global responsibility for the wine
portfolio.
There are no family relationships among our executive officers and other key personnel.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Our common stock trades on The NASDAQ Global Select Market tier of The NASDAQ Stock Market
under the symbol PZZA. As of February 15, 2011, there were 782 record holders of common stock.
However, there are significantly more beneficial owners of our common stock than there are record
holders. The following table sets forth, for the quarters indicated, the high and low closing sales prices of
our common stock, as reported by The NASDAQ Stock Market.
2010 High Low
First Quarter 25.82$ 21.77$
Second Quarter 28.76 23.43
Third Quarter 26.30 22.78
Fourth Quarter 27.74 25.49
2009 High Low
First Quarter 25.72$ 15.59$
Second Quarter 28.47 22.77
Third Quarter 27.34 22.90
Fourth Quarter 24.70 21.47
Since our initial public offering of common stock in 1993, we have not paid cash dividends on our
common stock, and have no current plans to do so.
Papa John’s Board of Directors has authorized the repurchase of up to $825.0 million of common stock
under a share repurchase program that began December 9, 1999, and expires December 31, 2011.
Through December 26, 2010, a total of 45.4 million shares with an aggregate cost of $788.1 million and
an average price of $17.36 per share have been repurchased under this program. Subsequent to year-end
(through February 15, 2011), we acquired an additional 66,000 shares at an aggregate cost of $1.8
million. As of February 15, 2011, approximately $35.0 million remained available for repurchase of
common stock under this authorization.