secwatch.observer — SEC 8-K summary
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Issuer:     BUILD-A-BEAR WORKSHOP INC (BBW)
CIK:        0001113809
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001437749-24-003129
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113809/000143774924003129/0001437749-24-003129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113809/000143774924003129/bbw20240204_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003129

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