NEW YORK (AP) — The Latest on Papa John’s founder’s use of a racial slur (all times local):
12:00 a.m.
Papa John’s says founder John Schnatter has resigned as chairman of the board.

The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May.

The apology comes after Forbes cited an anonymous source saying the pizza chain’s marketing firm broke ties with the company afterward.

READ MORE: Michael Jordan’s daughter, Jasmine becomes the new Nike sneaker heiress

Forbes said Schnatter used the N-word during a media training exercise. When asked how he would distance himself from racist groups, Schnatter reportedly complained that Colonel Sanders never faced a backlash for using the word.

In a statement released by Louisville, Kentucky-based Papa John’s, Schnatter said reports attributing use of “inappropriate and hurtful” language to him were true.
___
4:20 p.m.
Papa John’s founder John Schnatter is apologizing after reportedly using a racial slur during a conference call in May.

The apology Wednesday comes after Forbes cited an anonymous source saying the pizza chain’s marketing firm broke ties with the company afterward.

READ MORE: Former UCLA basketball player Billy Knight, 39, found dead hours after 

Forbes said Schnatter used the N-word during a media training exercise. When asked how he would distance himself from racist groups, Schnatter reportedly complained that Colonel Sanders never faced a backlash for using the word.

In a statement from Papa John’s, Schnatter said reports attributing use of “inappropriate and hurtful” language to him were true. He said, “Regardless of the context, I apologize.”

Schnatter stepped down as CEO last year after blaming slowing sales growth on the outcry surrounding football players kneeling during the national anthem. He remains chairman.

READ MORE: Diddy calls ‘Black Panther’ a ‘cruel experiment’ for this surprising reason