Grace Schneider and Andrew Wolfson Louisville Courier Journal
posted 12:22 PM EST Dec 6, 2019
The spouse of Papa John's founder John Schnatter filed for divorce on Thursday. The couple were married for 32 years.
picking out herself as M. Annette Cox, her maiden name, she talked about the couple separated April 1 and that their marriage is irretrievably damaged.
Suggesting that they already have divvied up their fortune, she asks that the contract settlement entered into by using the events be included in the courtroom's decree.
Schnatter's net worth has been pronounced at $500 million, an quantity that has gotten smaller because of the declining price of the enterprise's inventory. He also has bought off a few of his shares, and now owns 19% of the company.
The divorce turned into no longer surprising. a couple of months in the past, Cox purchased a residence in Prospect, Kentucky.
She is fifty nine and he's fifty seven, in accordance with the filing, which says they've two infants from the marriage who are both adults.
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In a 2013 interview, Schnatter said Annette, apart from being the most fulfilling franchise operator within the Papa John's device, is "the ultimate human being I've ever met."
As is usual in Kentucky, a no-fault state, Cox's swimsuit doesn't give a reason for the divorce. It became filed via Louisville family unit legislations legal professional Melanie Straw-Boone.
The couple's belongings encompass their $11 million, 18,000-rectangular-foot limestone mansion on 15 acres in Anchorage – Louisville's most high priced domestic – as smartly a $6 million apartment in Naples, Florida, and a $23 million residence in Deer Valley, Utah, a luxurious ski inn.
Schnatter, who knocked out a broom closet in his father's tavern to birth promoting pizzas, soared to billionaire heights in early 2017 when his business and its inventory price had been using excessive.
but his off-the-cuff remarks got him in scorching water later that yr, when he blamed sagging revenue on the NFL's dealing with of black player protests all over the national anthem.
Schnatter became replaced as CEO within weeks. Then catastrophe engulfed the company after a Forbes report in July 2018 particular Schnatter's use of the N-note throughout a conference name with a advertising contractor.
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He changed into compelled to resign because the business's board chairman and locked out of the corporate places of work. He filed suit this week in Jefferson Circuit courtroom against Laundry provider, the inventive agency, and its dad or mum business, alleging the leak to Forbes got here in retaliation for a dispute over $6 million the agency demanded from Papa John's.
The combative Schnatter left the business board and has been trimming his stake within the business on account that may also. He's asserted in interviews that the company has run off the rails devoid of his skills.
It turned into the 2d circular of controversy for Schnatter, who become as soon as frequent more often than not for his energetic television spots in which he traded quips with quarterback Peyton Manning and effused about "more desirable parts, superior pizza."
however in 2013, he stepped into the politically charged fitness care debate through answering questions about President Barack Obama's low cost Care Act, complaining the overhaul might add 14 cents to the charge of each and every pizza – and that some franchisees could reduce laborers' hours to steer clear of paying assurance fees.
He claimed he became misquoted, but he was relentlessly mocked and vilified by pundits and late-night comedians.
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