Build-A-Bear Workshop (BBW) Board Member to Depart; Announces New $15M Buyback Plan

Build-A-Bear Workshop (NYSE: BBW) said James M. Gould gave notice to the Board of Directors of the Company of his decision not to stand for re-election to the Board when his term expires at the Company’s Annual Meeting of Stockholders in May 2016.

On November 19, 2015, the Board adopted a new repurchase program which authorizes the Company to repurchase up to an additional $15 million of its common stock until March 31, 2016, subject to further extension by the Board. Under the November 2015 Share Repurchase Program, the Company currently intends to purchase up to $15 million of its common stock in the open market (including through 10b5-1 trading plans), through privately negotiated transactions, or through an accelerated repurchase transaction.

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