Dominos Pizza Inc 8-K, filed Jul 16, 2020
Dominos Pizza Inc (DPZ)
About this 8-K
Dominos Pizza Inc filed this 8-K on July 16, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Exchange Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Domino’s Pizza, Inc. (the “Company”) announced on July 16, 2020 that Jeffrey D. Lawrence, the Company’s Executive Vice President and Chief Financial Officer, will retire from the Company on December 31, 2020 after more than 20 years of service. Mr. Lawrence has agreed to remain with the Company through the end of 2020 to assist in the transition of his duties, and he will remain as the Company’s Executive Vice President and Chief Financial Officer until his successor is identified and duly appointed.
| Item 7.01 | Other Events. |
On July 16, 2020, the Company issued a press release relating to the matters described above in Item 5.02. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference The information in this Form 8-K and the Exhibit attached hereto are being furnished pursuant to Item 7.01 of Form 8-K and therefore shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
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| 99.1 |
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| 104 |
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DOMINO’S PIZZA, INC. | ||||||
| (Registrant) | ||||||
| Date: July 16, 2020 |
/s/ Kevin S. Morris | |||||
| Kevin S. Morris Executive Vice President, General Counsel and Corporate Secretary |
Exhibit 99.1
| Media Relations Contact: Tim McIntyre Domino’s 734-604-1863 tim.mcintyre@dominos.com |
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FOR IMMEDIATE RELEASE
EVP & CFO Jeffrey Lawrence Announces Retirement from Domino’s
20-Year Veteran Served as CFO since 2015
ANN ARBOR, Mich., July 16, 2020 – Domino’s Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, announced today that Jeffrey D. Lawrence, Executive Vice President & Chief Financial Officer, has announced his decision to retire from Domino’s after more than 20 years of service. He has served in his current role for the last five years. Mr. Lawrence has agreed to continue serving as CFO until the company identifies his successor. Once a successor is named, he will step down from his role and will serve as an advisor to Domino’s Chief Executive Officer Ritch Allison until the end of 2020.
Mr. Allison commented: “Jeff has been a trusted teammate for more than two decades at Domino’s and has been a key contributor to the success of our global brand. As our CFO, he has an outstanding track record of creating strategic value for our great system. Jeff’s career accomplishments speak for themselves. I join the entire Domino’s global community in celebrating his career and wish him all the best.”
Mr. Lawrence added: “Wow. What a ride! To be able to be part of the Domino’s growth story over the past two decades has been a dream come true. Domino’s is about opportunity, and the constant opportunities I’ve had to learn, grow and lead have been simply amazing. From a lead role in our IPO, to partnering with our U.S. and International franchisees to get to #1, to helping shape our digital transformation over the past decade…I’ve had the chance to work with amazing people to sell more pizza and have more fun! I am truly thankful for having had the opportunity to serve this great brand for so long and thank the Board, Ritch and his leadership team, my team and, most importantly, the franchisees and front-line team members who are the heart of Domino’s. Being in the stores is what I will miss the most! After taking some time off with my family, I will move on to my next adventure forever proud of what we’ve all built together.”
About Domino’s Pizza®
Founded in 1960, Domino’s Pizza is the largest pizza company in the world based on retail sales, with a significant business in both delivery and carryout pizza. It ranks among the world’s top public restaurant brands with a global enterprise of more than 17,100 stores in over 90 markets. Domino’s had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the U.S. and nearly $7.3 billion internationally. In the second quarter of 2020, Domino’s had global retail sales of over $3.4 billion, with over $1.9 billion in the U.S. and over $1.5 billion internationally. Its system is comprised of independent franchise owners who accounted for 98% of Domino’s stores as of the end of the second quarter of 2020. Emphasis on technology innovation helped Domino’s achieve more than half of all global retail sales in 2019 from digital channels, primarily online ordering and mobile applications. In the U.S., Domino’s generates over 65% of sales via digital channels and has developed several innovative ordering platforms, including those developed for Google Home, Facebook Messenger, Apple Watch, Amazon Echo and Twitter – as well as Domino’s Hotspots®, an ordering platform featuring over 200,000 unique, non-traditional delivery locations. In June 2019, through an announced
partnership with Nuro, Domino’s furthered its exploration and testing of autonomous pizza delivery. In late 2019, Domino’s opened the Domino’s Innovation Garage adjacent to its headquarters in Ann Arbor, Michigan to fuel continued technology and operational innovation – while also launching its GPS technology, allowing customers to follow the progress of the delivery driver from store to doorstep. In mid-2020, Domino’s launched a brand new way to order contactless carryout nationwide via Domino’s Carside DeliveryTM, which customers can choose when placing a prepaid online order.
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AnyWare Ordering – anyware.dominos.com
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