Business Context and Reporting Period
This Form 8-K Current Report was filed by Build-A-Bear Workshop, Inc. on June 12, 2026, regarding events occurring on June 11, 2026. The filing addresses executive leadership changes and updated employment agreements.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on executive compensation and personnel appointments.
Material Changes
The primary material change is the promotion of Voin Todorovic to the additional role of Chief Administrative Officer, effective June 11, 2026. He will continue to serve as Chief Financial Officer. This change is accompanied by a Second Amended and Restated Employment Agreement.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, financial outlook, or discussion of risks and contingencies. Management commentary is limited to the announcement of Mr. Todorovic's promotion and his professional background, which includes prior roles at Wolverine World Wide, Inc., Collective Brands, Inc., and Payless ShoeSource.
Compensation Details:
- Annual Base Salary: Not less than $500,000.
- Target Bonus: Not less than 70% of earned annual base pay.
Investor Verification Checklist
- Verify the full text of the Second Amended and Restated Employment Agreement filed as Exhibit 10.1.
- Review the press release filed as Exhibit 99.1 for additional context on the leadership transition.
- Confirm the impact of the dual CFO/CAO role on the company's internal governance structure.
- Note that this filing does not contain updated financial results; refer to the most recent 10-Q or 10-K for financial metrics.