(May 12, 2010) Papa John’s International Inc. said chief financial officer David Flanery would oversee the company’s global operations on an interim basis following the resignation of its president of global operations, William M. Mitchell.
In filing made Tuesday with the Securities and Exchange Commission, Papa John's said Mitchell had resigned April 29 and that it had agreed to pay him $463,906 in severance.
Jude Thompson, Papa John’s president who recently was promoted to co-chief executive, informed investors of Mitchell’s resignation during the company’s most recent earnings conference call.
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Wednesday, May 12, 2010
Clearview To Raise $375M For Hotel Buys
May 11 (Reuters) - Clearview Hotel Trust Inc filed with U.S. regulators on Tuesday to raise up to $375 million in an initial public offering of common stock. The California-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that BofA Merrill Lynch, Citi, Deutsche Bank Securities and UBS Investment Bank were underwriting the IPO. The company is a real estate investment trust with a portfolio of mainly upscale full service hotel properties in the United States. The company had revenue of $142.6 million in 2009, the filing showed. The filing did not reveal how many shares the company planned to sell or their expected price.
Carlson picks tony address for first U.S. Radisson Blu luxury hotel
Carlson will spend $125 million for the tony address, making it one of the priciest hotel buys yet as hotel investors seek distressed properties. With credit markets still tight, Carlson is paying half the amount in cash, the AP story says.
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