Build-A-Bear terminates CDMO Kretchmar without cause; $470,800 severance plus consulting

BUILD-A-BEAR WORKSHOP INC

Jennifer Kretchmar terminated as Chief Digital and Merchandising Officer effective Feb 3, 2024, without cause.
Receives $470,800 cash severance paid over 12 months, plus $15,254 welfare payment and 2023 bonus eligibility.
All unvested restricted stock and long-term performance cash awards forfeited.
Enters six-month consulting agreement at $50,000/month; subject to 12-month non-compete and non-solicitation.
Separation and consulting agreements filed as Exhibits 10.1 and 10.2.

item 5.02 item 9.01

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Departed

Jennifer Kretchmar

Chief Digital and Merchandising Officer

BBW · BUILD-A-BEAR WORKSHOP INC

Effective: 2024-02-03
Filed: February 5, 2024, 6:59 PM ET

On February 2, 2024, Build-A-Bear Workshop, Inc. (the “Company”) terminated the employment of Jennifer Kretchmar, Chief Digital and Merchandising Officer, without cause, effective at the end of the Company’s fiscal year on February 3, 2024 (the “Termination Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jennifer Kretchmar was terminated as Chief Digital and Merchandising Officer at BUILD-A-BEAR WORKSHOP INC.

Action: terminated
Role: Chief Digital and Merchandising Officer

Exact text from the filing

On February 2, 2024, Build-A-Bear Workshop, Inc. (the “Company”) terminated the employment of Jennifer Kretchmar, Chief Digital and Merchandising Officer, without cause, effective at the end of the Company’s fiscal year on February 3, 2024 (the “Termination Date”).

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Source: SEC EDGAR

accession 0001437749-24-003129

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