secwatch.observer — SEC 8-K summary
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Issuer:     BUILD-A-BEAR WORKSHOP INC (BBW)
CIK:        0001113809
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001437749-23-010337
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Build-A-Bear adjusts 2023 executive comp; CEO gets higher LTI target, others get salary bumps
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- CEO Sharon John base salary unchanged at $764,800; additional LTI awarded: 38,182 performance-based and 16,365 time-based RSUs.
- CFO Voin Todorovic base salary raised to $465,500; other NEOs also received increases (Kretchmar $470,800, Hurt $465,600, Fencl $376,100).
- 2023 annual bonus program: CEO target 100% of base salary; other NEOs 50%; payout range 16.25%-130% (profitability) plus 8.75%-70% (revenue), capped at 200%.
- LTI grants for NEOs (excl. CEO) split 50% performance-based and 50% time-based RSUs; performance period fiscal 2023-2025 with 65% profitability / 35% revenue weighting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113809/000143774923010337/0001437749-23-010337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113809/000143774923010337/bbw20230412_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010337

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer