BuildABear Workshop Announces Executive Departure and Agreement

BuildABear Workshop Inc (BBW) has released an update to notify the public and investors about its officers.

Build-A-Bear Workshop, Inc. has parted ways with Jennifer Kretchmar, their Chief Digital and Merchandising Officer, offering her a severance package that includes a year’s worth of cash payments, a lump sum for health benefits, and potential bonuses. Kretchmar forfeited her unvested stock and agreed to confidentiality and non-compete clauses. Additionally, she signed a six-month consulting agreement with the company worth $50,000 a month, reinforcing her ongoing connection with Build-A-Bear despite her termination.

For further insights into BBW corporate activity, check out TipRanks’ Insiders Trading Activity page.

For a comprehensive understanding of the announcement, you can read the full document here.