TRANSPARENCY & ACCOUNTABILITY At Papa Johns, we believe that adherence to high ethical standards is critical for long-term performance and maintaining stakeholder trust. Our corporate governance guidelines, adopted by our Board of Directors (the Board), serve as a framework for the governance of the company. The Board sets high standards for the company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board to serve as a prudent fiduciary for shareholders and to oversee the management of the company's business. To fulfill its responsibilities and to discharge its duty, the Board follows the procedures and standards that are set forth in these guidelines, which are subject to modification from time to time as the Board deems appropriate in the best interests of the company or as required by applicable laws and regulations. As of Feb. 28, 2025, our Board consists of eight directors, seven of whom are independent, based on NASDAQ rules for director independence. We appreciate Board diversity in alignment with our corporate values and the many ways the company benefits from a wide range of perspectives. Our Board includes one Black director and one Latina director, and three of our nine directors are women. CORPORATE RESPONSIBILITY GOVERNANCE The Corporate Governance and Nominating Committee has oversight of the company's corporate responsibility (CR) strategy and performance. The Board receives semi-annual updates on the company's CR strategy, priorities and accomplishments. In 2022, we were one of the first companies in our industry to link CR priorities to compensation. We integrated a metric into our Management Incentive Program, where a percentage of eligible team members' and executives' annual bonuses is tied to achieving CR priorities. This metric was included again in our 2024 Management Incentive Program.