BUILD-A-BEAR WORKSHOP INC 8-K

What Happened

• Build-A-Bear Workshop, Inc. announced on June 12, 2026 (via an 8-K) that it promoted Voin Todorovic to the additional role of Chief Administrative Officer, effective June 11, 2026. Mr. Todorovic, age 51, will continue to serve as the Company’s Chief Financial Officer; he has been CFO since joining the company in September 2014. The company also entered into a Second Amended and Restated Employment Agreement with Mr. Todorovic to reflect the promotion and current compensation terms.

Key Details

• Promotion effective date: June 11, 2026; announcement filed June 12, 2026.
• Compensation: annual base salary of not less than $500,000 and an annual target bonus opportunity of not less than 70% of earned annual base pay.
• Employment agreement: Second Amended and Restated Employment, Confidentiality and Noncompete Agreement executed and filed as Exhibit 10.1 to the 8-K.
• Background: Mr. Todorovic has served as CFO since Sept. 2014 and previously held finance leadership roles at Wolverine World Wide, Collective Brands and Payless.

Why It Matters

• For investors, this is an internal leadership consolidation rather than an executive departure: the CFO is taking on broader administrative responsibilities, which may affect oversight of operations and corporate administration. The filing confirms compensation terms that could affect executive cost structure (base salary and target bonus). No other changes to his prior agreement were reported aside from those described.