Item 8.01. Other Events.

On February 26, 2013, the Board of Directors (the "Board") of Build-A-Bear Workshop, Inc. (the "Company") extended the duration of the Company's previously announced $50 million share repurchase program until March 31, 2014, subject to further extension by the Board. Under the extended share repurchase program, the Company currently intends to purchase up to $50 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. The primary source of funding for the program is expected to be cash on hand. The timing and amount of share repurchases, if any, will depend on price, market conditions, applicable regulatory requirements, and other factors. The program 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. As of February 26, 2013, the Company had purchased approximately 5,890,000 shares pursuant to the share repurchase program for a total cost of approximately $42.6 million.

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