He was a casual friend of John Belushi, and the Saturday Night Live comic's death in 1982 from a drug overdose, which happened the morning after the two had partied together, along with the birth of his own son Zak, prompted him to quit drugs and alcohol: "Was it a wake-up call? Oh yeah, on a huge level. The grand jury helped, too." Williams later said of Belushi's death, "It sobered the shit out of me." Williams turned to exercise and cycling to help alleviate his depression shortly after Belushi's death; according to bicycle shop owner Tony Tom, Williams said, "cycling saved my life."
On March 5, 2019, Papa John's announced a settlement with Schnatter under which he will resign from the company's board of directors at the company's annual meeting on April 30 or when a mutually acceptable independent director is appointed to replace him, whichever comes first. Schnatter agreed to dismiss two lawsuits filed against the company and to withdraw his plan to run for a seat on the board at the annual meeting. Papa John's agreed to remove the "acting in concert" provisions from its "poison pill" plan that prevented Schnatter from communicating with other company shareholders. Schnatter, who still controls 31% of Papa John's shares, issued a statement saying he was "thankful that I've been able to resolve these important issues" and hoped everyone could now "focus on the company's business without the need for additional litigation". The company also agreed to remove a requirement that Starboard Value, which owns about 10% of the company, must vote in favor of the incumbent board.