Item 5. Market for Registrant’s Common Equity
ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Common Stock
Our common stock is listed on the New York Stock Exchange (NYSE) under the symbol “BBW.” Our common stock commenced trading on the NYSE on October 28, 2004.
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Holders
As of April 14, 2025, the number of holders of record of the Company’s common stock totaled approximately 1,783.
Dividends
In fiscal 2023, our Board of Directors declared a special cash dividend of $1.50 per share that was paid on April 6, 2023, to all stockholders of record as of March 23, 2023.
In fiscal 2024, our Board of Directors approved a new quarterly dividend program to evolve its strategic use of capital and declared an initial quarterly dividend of $0.20 per share which was paid on April 11, 2024. The Company also paid quarterly dividends of $0.20 per share to recorded shareholders on July 11, 2024, October 10, 2024, and January 9, 2025.
Additionally, on March 12, 2025, the Board of Directors declared a quarterly dividend of $0.22 per share on the issued and outstanding common stock of the Company, which was paid on April 10, 2025, to all stockholders of record as of March 27, 2025.
Securities Authorized for Issuance Under Equity Compensation Plans
Refer to Part III, Item 12, for information related to our equity compensation plan.
Issuer Purchases of Equity Securities
Period
(a) Total Number of Shares (or Units) Purchased (1)
(b) Average Price Paid Per Share (or Unit) (2)
(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs
(d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (3)
Nov 3, 2024 - Nov 30, 2024
5,288
$
37.82
5,288
$
96,998,597
Dec 1, 2024 - Jan 4, 2025
61,304
44.88
61,304
94,247,390
Jan 5, 2025 - Feb 1, 2025
121,468
41.59
121,468
89,195,065
Total
188,060
$
42.56
188,060
$
89,195,065
(1)
Includes shares of our common stock delivered to us in satisfaction of the tax withholding obligation of holders of restricted shares which vested during the quarter, if any. Our equity incentive plans provide that the value of shares delivered to us to pay the withholding tax obligations is calculated at the closing trading price of our common stock on the date the relevant transactions occur.
(2)
Average Price Paid Per Share includes commissions.
(3)
On August 31, 2022, the Board of Directors adopted the August 2022 Stock Repurchase program that authorized the repurchase of up to $50 million of our common stock. On September 11, 2024, we announced that our Board of Directors terminated an existing stock repurchase program and authorized a new share repurchase program of up to $100 million. This program authorizes the Company to repurchase shares through September 30, 2028, and does not require the Company to repurchase any specific number of shares, and may be modified, suspended or terminated at any time without prior notice. Shares repurchased under the program will be subsequently retired.
Performance Graph
In order to show a Comparative Stock Performance, Build-A-Bear has shown a five-year comparative investment of $100 into Build-A-Bear, the Russell 2000 Index, and the Russell 2000 Consumer Discretionary Index. The Company has determined that based on their current size, the Russell 2000 information would be more comparable than the S&P 500. It should be noted that as Build-A-Bear has a floating fiscal year end occurring on the last Saturday in January or first Saturday in February, the information utilized as the year end information will be on the close the day prior the listed date. Any dividends that are paid by the Company will be assumed to be reinvested at the next day opening price.
Cumulative Total Return
February 1,
January 30,
January 29,
January 28,
February 3,
February 1,
2020
2021
2022
2023
2024
2025
Build - A - Bear
$ 100.00
$ 132.62
$ 433.72
$ 604.66
$ 604.66
$ 1,187.23
Russell 2000
$ 100.00
$ 128.47
$ 121.96
$ 118.43
$ 121.60
$ 141.74
Russell 2000 Consumer Discretionary
$ 100.00
$ 145.39
$ 142.62
$ 129.28
$ 135.65
$ 154.26
Recent Sales of Unregistered Securities
There were no sales of unregistered securities during the past three years.
ITEM 6.
[RESERVED]
Not applicable.
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