BuildABear Workshop Inc (BBW) just unveiled an announcement.
Build-A-Bear Workshop, Inc. has revised the compensation packages for its executive officers, excluding the CEO. Base salaries have been adjusted, with the CEO set to earn $787,700 annually. Additionally, the company defined performance objectives for the 2024 annual bonus program, which include profitability and revenue targets, with potential cash bonuses scaling up to 200% of base salary. Long-term incentives were also granted, consisting of a mix of performance-based and time-based restricted stock, vesting over a three-year period, and subject to the company’s achievement of specific financial goals. These compensation changes aim to align executive rewards with the company’s financial success.
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