Papa Johns 2006 Annual Report Download - page 23

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20
William M. Van Epps has served as President, USA since May 2006, responsible for domestic corporate
and franchised restaurant operations. Mr. Van Epps served as Senior Vice President and Chief
Operations Officer from 2004 to 2006 and Managing Director, International from September 2001 to
2004. Prior to joining Papa John’s, Mr. Van Epps served for two years as President, International
Division of Yorkshire Global Restaurants, responsible for the international development of Long John
Silver’s and A&W restaurants. From 1993 to 1999, he served in several positions with AFC Enterprises,
including President of its International Division. From 1988 to 1993, he was Vice President, Marketing
and International for Western Sizzlin, Inc.
John and Charles Schnatter are brothers. There are no other family relationships among the 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 20, 2007, there were approximately 796 record holders of
common stock. However, there may be 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. All sales prices
have been adjusted to reflect a two-for-one split of the Company’s outstanding shares of common stock.
The stock split was effected in the form of a stock dividend and entitled each shareholder of record at the
close of business on December 23, 2005 to receive one additional share for every outstanding share of
common stock held on the record date. The stock dividend of approximately 16.5 million shares of
common stock was distributed on January 13, 2006.
2006 High Low
First Quarter 35.15$ 29.66$
Second Quarter 34.84 29.68
Third Quarter 36.56 30.54
Fourth Quarter 37.80 28.85
2005 High Low
First Quarter 18.28$ 15.81$
Second Quarter 20.36 16.99
Third Quarter 24.64 19.71
Fourth Quarter 29.98 24.74
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 $675.0 million of common stock
under a share repurchase program that began December 9, 1999, and runs through December 30, 2007.
Through December 31, 2006, a total of 38.1 million shares with an aggregate cost of $602.2 million and
an average price of $15.80 per share have been repurchased under this program. Subsequent to year-end
(through February 20, 2007), we acquired an additional 793,000 shares at an aggregate cost of $22.9
million. As of February 20, 2007, approximately $50.0 million of common stock remains available for
repurchase of common stock under this authorization.