Black Rock Coffee Bar Announces Jon Vingo as Chief Development Officer

Black Rock Coffee Bar (Nasdaq: BRCB) appointed veteran restaurant executive Jon Vingo as Chief Development Officer, effective May 12, 2026.

Rhea-AI Summary

Black Rock Coffee Bar (Nasdaq: BRCB) appointed veteran restaurant executive Jon Vingo as Chief Development Officer, effective May 12, 2026. He will lead development strategy, including real estate, site selection, design, and construction.

The company targets 1,000 stores by 2035, with Vingo expected to help grow the development pipeline and support expansion into new markets nationwide.

Positive

• Appointment of Chief Development Officer to lead growth and development strategy
• Explicit long-term goal to reach 1,000 stores by 2035
• New leader brings more than 20 years of multi-unit restaurant experience
• Background includes enterprise operations, new market expansion, and brand transformation
• Prior CEO role at Skillets Restaurants with focus on sustainable growth initiatives

Negative

• None.

Argus May 13 session

-30.26% close to close Open Argus

Details

News Market Reaction – BRCB

On May 13, the first trading day after this news, BRCB closed 30.26% below the previous close.

Data tracked by StockTitan Argus for the May 13 session.

Key Figures

Share price: $10.99 Daily move: -4.27% 52-week high: $30.40 +5 more

Share price

$10.99

Pre-news current price

Daily move

-4.27%

24h price change before article

52-week high

$30.40

52-week trading range high

52-week low

$10.95

52-week trading range low

Store target

1,000 stores

Management target by 2035

BNY Mellon stake

1,043,150 shares (6.7%)

Schedule 13G as of 03/31/2026

Olson stake

4,320,385 shares (19.8%)

Schedule 13G dated 03/26/2026

Insider voting power

88.4% voting power

Class C shares as of 04/01/2026 (DEF 14A)

Historical Context

5 past events · Latest: Apr 21

5 events

1. Apr 21

   Earnings call notice

   24h Move

   -3.0%

   Announced timing and access details for Q1 2026 results call.

2. Mar 27

   Store opening

   24h Move

   -9.4%

   Opened 35th Oregon store with promotions and rewards program push.

3. Mar 27

   Store opening

   24h Move

   -9.4%

   Announced first Garden City, Idaho shop and related launch promotions.

4. Mar 27

   Store opening

   24h Move

   -9.4%

   Expanded in Colorado Springs with 17th Colorado location and promo week.

5. Mar 25

   Store openings

   24h Move

   +1.1%

   Added two Phoenix-area stores and highlighted promotional pricing and new items.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

schedule 13g, schedule 13d/a, def 14a, form 4, +4 more

8 terms

schedule 13g regulatory

"Schedule 13G shows The Bank of New York Mellon Corporation..."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

schedule 13d/a regulatory

"Viking Cake BR, LLC and related parties amend their ownership filing..."

A Schedule 13D/A is an amended disclosure filed with regulators by an investor who already reported owning more than 5% of a company’s shares and needs to update their original filing. Think of it as a public status update that tells markets whether the investor’s ownership, plans, or source of funds have changed; such updates matter because they can signal a push for control, major strategic moves, or increased pressure on management, which can affect stock prices.

def 14a regulatory

"[DEF 14A] Black Rock Coffee Bar, Inc. Definitive Proxy Statement"

A Form 14A is a document that companies send to shareholders before important meetings, such as votes on company decisions. It provides detailed information about the topics to be discussed or voted on, helping shareholders make informed choices. This form is essential because it ensures transparency and allows investors to understand what they are approving or rejecting.

form 4 regulatory

"[Form 4] Black Rock Coffee Bar, Inc. Insider Trading Activity"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

class a common stock financial

"shares of Class A Common Stock, representing 11.4% of the class..."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

llc units financial

"LLC Units of Black Rock Coffee Holdings, LLC that are convertible..."

LLC units are ownership stakes in a limited liability company, similar to shares in a corporation; each unit represents a portion of the company’s profits, losses and often voting power. For investors, LLC units matter because they determine how much money and control someone gets, how easily an interest can be sold, and how income is taxed and reported — think of owning slices of a pie that also decide how the pie is cut and shared.

margin loan financial

"Viking Cake Fuel amended its margin loan so Aureata Fuel, LLC..."

A margin loan is money you borrow from a brokerage using the stocks or funds you already own as collateral, similar to taking a loan against items in a pawnshop. It lets an investor buy more securities than cash alone would allow, which can amplify gains but also magnify losses, incur interest charges and trigger forced selling if the collateral value falls below required levels—risks investors must manage carefully.

independent auditor regulatory

"vote on ratifying Deloitte & Touche LLP as independent auditor for 2026."

An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Veteran industry leader appointed to drive the brand’s continued strategic development

SCOTTSDALE, Ariz., May 12, 2026 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar, Inc. (Nasdaq: BRCB) (“Black Rock Coffee Bar”) today announced the appointment of Jon Vingo as Chief Development Officer.   In this role, Mr. Vingo will oversee Black Rock Coffee Bar’s restaurant development strategy, including real estate and site selection, prototype design, and construction.

“I’m very pleased to welcome Jon to the Black Rock team. Jon brings extensive experience leading disciplined, multi‑market store expansion across a range of brands, and we’re confident his leadership will play an important role as we continue to execute our development strategy and scale the brand,” said Mark Davis, Chief Executive Officer. “As we work towards our target of opening 1,000 stores by 2035, Jon will play an instrumental role in growing our development pipeline and successfully expanding into new markets so that we can serve more communities nationwide.”

“I’m thrilled to join Black Rock at a pivotal time in its growth journey. With strong momentum in the business and a rapidly expanding footprint, there’s tremendous opportunity to scale our pipeline and bring this exceptional people-first concept to more customers across the country,” said Mr. Vingo. “I’m looking forward to working alongside the team to execute a disciplined expansion strategy to support our long-term growth plans.”

Mr. Vingo brings more than two decades of experience leading growth, operations, and brand strategy for large-scale, multi-unit restaurant and hospitality brands. His background spans enterprise operations, new market expansion, restaurant development, and brand transformation, with a proven track record of scaling concepts while strengthening culture and operational discipline. Across senior leadership roles, Jon has led end-to-end growth strategies, including market entry planning, site selection and development execution, brand refreshes, and technology-enabled operational improvements. Most recently, he served as Chief Executive Officer of Skillets Restaurants, where he repositioned the brand for sustainable growth through leadership restructuring, restaurant redesign, and enhanced marketing and digital capabilities. Prior to that, Jon held senior leadership roles at Pineapple Hospitality Group, Bloomin’ Brands (Outback Steakhouse), Tokyo Joe’s, and Panera Bread, where he consistently drove disciplined expansion, improved unit economics, and built high-performing teams.

About Black Rock Coffee Bar

Black Rock Coffee Bar is a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with more than 190 locations spanning seven states from the Pacific Northwest to Texas.

Investor Contact
Will MacIntosh
investors@br.coffee
(541) 208-1860

Media Contact
Jessica Wegener-Beyer
media@br.coffee

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Black Rock Coffee Bar (BRCB) announce on May 12, 2026?

Black Rock Coffee Bar announced the appointment of Jon Vingo as Chief Development Officer. According to the company, he will oversee development strategy, including real estate, site selection, prototype design, and construction across the growing store base.

Who is Jon Vingo, the new Chief Development Officer of Black Rock Coffee Bar (BRCB)?

Jon Vingo is a veteran restaurant and hospitality leader with over two decades of experience. According to Black Rock, his background includes growth, operations, and brand strategy at Skillets Restaurants, Pineapple Hospitality Group, Bloomin’ Brands, Tokyo Joe’s, and Panera Bread.

What will Jon Vingo focus on as Chief Development Officer at Black Rock Coffee Bar (BRCB)?

Jon Vingo will focus on restaurant development strategy and disciplined expansion. According to the company, he will lead market entry planning, real estate and site selection, development execution, and prototype design to support long-term growth plans.

How does Jon Vingo’s appointment support Black Rock Coffee Bar’s (BRCB) 1,000-store goal by 2035?

His appointment is intended to help build the development pipeline toward the 1,000-store target by 2035. According to Black Rock, Vingo will guide expansion into new markets and scale the store footprint nationwide.

What experience does Jon Vingo bring to Black Rock Coffee Bar (BRCB)?

He brings experience in multi-market store expansion and operational discipline. According to the company, he has led site selection, development execution, brand refreshes, and technology-enabled operational improvements across several large-scale restaurant and hospitality brands.

Why is Black Rock Coffee Bar (BRCB) emphasizing disciplined expansion with this leadership change?

The company highlights a goal of disciplined, multi-market expansion as it grows nationwide. According to Black Rock, Vingo’s track record in improving unit economics and leading end-to-end growth strategies aligns with its long-term development and store growth objectives.