Short answer
BUILD-A-BEAR WORKSHOP INC (BBW) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Sharon Price John retiring as CEO on June 11, 2026 (annual meeting date); J. Christopher Hurt, 59, takes over as CEO same day: planned succession, not abrupt departure.
BUILD-A-BEAR WORKSHOP INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Sharon Price John retiring as CEO on June 11, 2026 (annual meeting date); J. Christopher Hurt, 59, takes over as CEO same day: planned succession, not abrupt departure
- Hurt's base salary: $700,000/year minimum; annual bonus target at 100% of base salary; 2026 LTI award of $1,200,000 (70% performance-based RSUs, 30% time-based RSUs)
- Hurt has been internal since 2015 (COO/Chief Operations & Experience Officer), reducing succession risk; previously held senior roles at American Eagle Outfitters and Polo Ralph Lauren
- CEO employment agreement: 3-year initial term renewing annually; termination without cause triggers salary continuation plus 18-month health benefits lump sum
- John remains on Board as non-independent Class II director through 2027 annual meeting; Board expanded to 8 members to accommodate Hurt's directorship
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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