John Schnatter responds to wife's divorce filing John Schnatter, founder and former CEO of Papa John's, is getting a divorce from his wife of 32 years. Christopher Fryer Food & Lifestyle Industry Restaurants Topic annettecoxschnatter Person By Haley Cawthon – Reporter, Louisville Business First Dec 6, 2019, 3:12pm EST Updated Dec 6, 2019, 3:19pm EST The founder and ex-CEO of Papa John's International Inc. has responded to his wife's divorce filing. John Schnatter, who has been married to Annette (Cox) Schnatter since 1987, admits to all of the facts about the couple's marriage as detailed in the petition for a dissolution of marriage, according to an Oldham County family court filing. The document also states that he and Annette have reached a separation agreement. Schnatter asks for the divorce to be granted in his response, and also asks to be awarded any and all other relief he may be entitled. In her initial filing, Annette says that her marriage to Schnatter is "irretrievably broken." The two were married three years after Papa John's (Nasdaq: PZZA) was founded in 1984. Court documents detail that the former couple has already reached a property settlement agreement, which Annette is asking to be incorporated into the final ruling of the court. She’s also asking to be awarded all other relief that she may be entitled. According to a Dec. 3 Securities and Exchange Commission filing, Annette owns 31,391 shares of Papa John’s stock, while Schnatter directly owns 2.9 million shares. Trading for Papa John’s shares closed at $59.70 on Thursday. Schnatter has been selling fractions of his stake in the company since May. He started with more than 9.9 million shares, which was a 31% ownership of Papa John’s. Since slicing off more than 7 million shares, Schnatter has profited upward of $315 million. If he sold his remaining 2.88 million shares at current trading prices, he would pocket more than $170 million. https://www.bizjournals.com/louisvi...ifes-divorce-filing.html?ana=yahoo&yptr=yahoo