Why the Papa John's Proxy Firm Now Wants Shaq on Its Board
Institutional Shareholder Services urged Papa John's (NASDAQ: PZZA) shareholders not to reelect Shaquille O'Neal's to the board of directors, because he missed too many board meetings.
The proxy firm said the National Basketball Association legend had missed over 75% of the meetings in his first year as a director. However, the pizzeria said in SEC filings that Shaq, as he is more commonly known, had prior commitments before joining the board that couldn't be broken, but that wouldn't recur in 2020.
With that new information, ISS reversed its statement, and now says it supports Shaq's reelection.
Source Fool.com
