WINMARK CORP 8-K

What Happened

• Winmark Corporation (WINA) filed a Form 8‑K reporting board changes: on May 5, 2026, director Lawrence A. Barbetta notified the company he will not stand for re‑election at the Annual Meeting expected on or about April 21, 2027; he will remain on the Board until that meeting. The Board increased its size from seven to eight members and elected Stephanie S. Hoppe to the Board effective May 5, 2026.

Key Details

• Date of change: May 5, 2026 (8‑K filed May 6, 2026).
• Barbetta: will not seek re‑election at the Annual Meeting on or about April 21, 2027 and will continue to serve until then.
• Board size: increased from seven to eight directors.
• New director compensation: Stephanie S. Hoppe received an option to purchase 3,400 shares under the Company’s 2020 Stock Option Plan in connection with her election.

Why It Matters

• This is a governance update that alters board composition (one director departing after the 2027 annual meeting and one newly appointed director immediately). For investors, changes in the board can influence oversight and strategic direction, though the filing reports no changes to executive management or the company’s financial results. The option grant to the new director is a typical element of director compensation and is disclosed as part of the appointment.