Papa John's founder continues to divest
September 3, 2007
LOUISVILLE, Ky. — Papa John's founder John Schnatter sold about $8.5 million in company stock last week, according to filings with the Securities and Exchange Commission.
Earlier this year, Schnatter sold about 1.5 million shares of Papa John's International Inc., banking about $45 million.
Schnatter still owns about 5 million shares of Papa John's stock, or about 17 percent of the company's outstanding stock.