Investigation Overview
An investigation on behalf of investors on Papa John's Int'l, Inc. (NASDAQ:PZZA) shares over possible violations of Federal Securities Laws by Papa John's Int'l, Inc. and its Board of Directors was announced.
The investigation by a law firm focuses on possible shareholder claims in regards to potential securities laws violations by Papa John's Int'l, Inc. and its Board of Directors in connection with statements made by the Company in its public filings with the SEC and recently distributed to shareholders.
Papa John's Int'l, Inc. performance is increasing over the past years. Papa John's Int'l 12months Total Revenue increased from $1.063billion in 2007 to $1.126billion in 2010. Its Net Income rose from $32.73million in 2007 to $51.94million.
However shares of Papa John's Int'l, Inc. havent followed the performance pattern. While shares of Papa John's Int'l, Inc. traded as high as $37.22 per share during 2006 and as low as $14.81 during November 08, they have not succeeded the 2006 price and traded recently slightly below $30 per share.
At the annual meeting of stockholders of Papa John's International, Inc on Thursday, April 28, 2011 investors will be asked, among other things, to approve the Papa John's International, Inc. 2011 Omnibus Incentive Plan, to approve an advisory resolution on executive compensation and to conduct an advisory vote on the frequency of future advisory votes on executive compensation.