Papa Johns 2015 Annual Report Download - page 35

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22
(“the Court”), alleging that delivery drivers were not properly reimbursed for mileage and expenses in
accordance with the Fair Labor Standards Act (“FLSA”). Approximately 3,900 drivers out of a potential
class size of 28,800 opted into the action. In December 2013, the Court granted a motion for class
certification in five additional states, which added approximately 15,000 plaintiffs to the case. The parties
reached a settlement in principle, which was preliminarily approved by the Court in September 2015.
With the preliminary settlement agreement, the Company recorded a pre-tax expense of $12.3 million in
June 2015 under the provisions of ASC 450, Contingencies. This amount is separately reported as Legal
settlement expense in the consolidated statements of income. The Court issued its final order approving
the settlement on January 12, 2016, with no changes to the previously recorded expense. The Company
then remitted funds to the administrator for the payment of claims and plaintiffs’ attorney fees. The
Company continues to deny any wrongdoing in this matter.
Item 4. Mine Safety Disclosures
None.
EXECUTIVE OFFICERS OF THE REGISTRANT
Set forth below are the current executive officers of Papa John’s:
Name
Age (a)
Position
First Elected
Executive Officer
John H. Schnatter 54 Founder, Chairman and Chief Executive
Officer
1985
Steve M. Ritchie 41 President and Chief Operating Officer
2012
Timothy C. O’Hern 52 Senior Vice President and Chief
Development Officer
2005
Lance F. Tucker 46 Senior Vice President, Chief Financial
Officer, Chief Administrative Officer
and Treasurer
2011
(a) Ages are as of January 1, 2016.
John H. Schnatter created the Papa John’s concept and started operations in 1984. He currently serves as
Founder, Chairman and Chief Executive Officer. He previously served as Interim Chief Executive Officer
from December 2008 to April 2009, Executive Chairman of the Company from 2005 until May 2007, as
Chairman of the Board and Chief Executive Officer from 1990 until 2005, and as President from 1985 to
1990, from 2001 until 2005 and from 2014 to 2015.
Steve M. Ritchie was appointed President and Chief Operating Officer in July 2015 after serving as
Senior Vice President and Chief Operating Officer since May 2014. Mr. Ritchie has served as a Senior
Vice President since May 2013 and in various capacities of increasing responsibility over Global
Operations & Global Operations Support and Training since July 2010. Since 2006, he also has served as
a franchise owner and operator of multiple units in the Company's Midwest Division.