Welcome to our dedicated page for BAB SEC filings (Ticker: BABB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BAB, Inc. filings document public-company governance and material events for an OTCQB franchisor and licensor of foodservice brands. Proxy materials cover annual meeting voting matters, including director elections and ratification of the independent registered public accounting firm.
Form 8-K disclosures address changes in the company’s certifying accountant, officer and director transitions, corporate secretary and operating leadership appointments, and amendments to the preferred shares rights agreement affecting security-holder rights.
BAB, Inc. reported stable revenue but higher profitability for the quarter and six months ended May 31, 2026. Quarterly revenue was $803,689, essentially flat versus the prior-year quarter, while net income rose to $186,882, or $0.03 per basic and diluted share, from $154,292, or $0.02 per share. For the six-month period, revenue was $1,527,352 and net income increased to $306,051, with earnings per share steady at $0.04.
Royalty fees, the core revenue stream, inched up to $520,020 for the quarter and $985,908 year-to-date, while marketing fund revenue declined in line with lower marketing spend. Operating expenses fell meaningfully, driven by lower payroll and marketing costs, lifting income from operations to $247,427 for the quarter and $400,173 for six months.
The company remains debt-free with total assets of $4,929,450, including cash and restricted cash of $2,556,454, and stockholders’ equity of $3,552,596. At May 31, 2026, BAB, Inc. oversaw 60 franchised and 3 licensed units, with 5 additional units under development, and continued its cash distribution/dividend program at $0.03 per share for the first half of fiscal 2026.
BAB, INC. director George Michael Ristau Jr filed an initial ownership report on Form 3. The filing shows he directly holds 123,000 shares of Common Stock as of the reported date, with no specific buy or sell transaction reported in this filing.
BAB, Inc. reported that its Board of Directors elected George M. Ristau, Jr. to the Board, filling the vacancy created by the passing of James A. Lentz. He will serve until the Company’s 2027 Annual Meeting of Shareholders and was also appointed to the Audit Committee effective July 1, 2026.
The Board determined that Mr. Ristau meets the independence requirements for Audit Committee service under Rule 10A-3 of the Exchange Act and the OTCQB Corporate Governance Guidelines. He brings extensive legal, real estate, management and business experience from decades as an attorney, real estate broker, and broker/owner of real estate firms.
BAB, Inc. reported a leadership change in its finance function. Effective June 29, 2026, Chief Financial Officer Geraldine Conn will move to a part-time schedule while continuing as CFO and principal financial officer, including responsibility for reviewing and approving the company’s 10-Q and 10-K filings.
Her salary will be adjusted to match the reduced schedule. To support day-to-day accounting, BAB, Inc. engaged Sassetti, LLC, its former independent registered public accounting firm, to provide outsourced accounting support under Ms. Conn’s supervision. The company states there are no related party transactions with Ms. Conn or Sassetti, LLC requiring disclosure.
BAB, Inc. reported results of its annual shareholder meeting held on June 3, 2026. Shareholders voted on four director nominees and one additional proposal.
For directors, Michael Evans received 2,968,915 votes for and 668,582 withheld, while the other three nominees each received 2,941,000+ votes for and about 695,000–696,000 withheld, with 993,743 broker non-votes on each director item.
On the separate proposal, shareholders cast 4,404,741 votes for, 98,332 against, and 128,167 abstentions. The filing is signed by Chief Executive Officer Michael W. Evans.
BAB, Inc. has called its Annual Meeting for June 3, 2026 to elect four directors and ratify a new auditor. Shareholders of record on April 6, 2026, when 7,263,508 common shares were outstanding, may vote by internet, phone or mail.
The board is nominating Michael W. Evans, Geraldine Conn, Steven G. Feldman and James A. Lentz for one‑year terms. Longtime auditor Sassetti LLC will resign after the 2025 Form 10‑K, and the board seeks approval of CBIZ CPAs P.C. as independent registered public accounting firm for fiscal 2026.
Chairman and CEO Evans beneficially owns about 19.72% of shares, while former executive Michael K. Murtaugh holds 13.33% and Camelot Event‑Driven Fund holds 6.6%. Executive pay remains relatively modest, with CEO total compensation of $274,625 in 2025 and small cash retainers for non‑employee directors.
The company highlights corporate governance measures including an independent two‑member audit committee, an insider trading policy with blackout periods, and a clawback policy allowing recovery of performance‑based compensation if financials are materially misstated and executives contributed to a restatement.
BAB, Inc. reported steady profitability for the quarter ended February 28, 2026, with net income of $119,168, up slightly from $116,267 a year earlier. Earnings per share remained at $0.02 basic and diluted.
Total revenue was $723,663, down from $757,201, as lower licensing, nontraditional and marketing fund revenues offset a modest increase in royalty fees to $465,888. System-wide franchise revenues were $9.6 million versus $9.4 million last year, while the network stood at 59 franchised and 3 licensed units.
Operating expenses declined to $570,918, driven mainly by lower payroll and marketing fund costs, supporting income from operations of $152,745. Cash and restricted cash totaled $2,347,192, including unrestricted cash of $2,109,433, and working capital was $1,865,000. Operating activities generated $182,241 of cash.
The company continued returning cash to shareholders, declaring a $0.02 per-share distribution for the first quarter and a subsequent $0.01 distribution payable in April 2026. Management reported no goodwill impairment and affirmed effective disclosure controls.
BAB, Inc. reported a planned change in its independent auditor. Sassetti LLC, its current independent registered public accounting firm, notified the company that it will resign effective upon the filing of BAB’s Form 10-K for the year ended November 30, 2025, as Sassetti is discontinuing audit services for public company clients.
The company’s Audit Committee and Board appointed CBIZ CPAs P.C. as the new independent registered public accounting firm for the fiscal year ending November 30, 2026, with the engagement becoming effective immediately after Sassetti’s resignation.
BAB, Inc. reported modestly higher profit for the year ended November 30, 2025. Total revenue was $3.44 million, down 3.0% from $3.55 million in 2024, mainly from lower franchise, licensing and marketing fund revenues. System-wide sales across all franchised and licensed stores were $41.1 million versus $41.4 million a year earlier.
Net income rose to $559,000 from $525,000, with operating income improving to $722,000, or 21.0% of revenue, helped by lower marketing, employee benefit and professional fees. Earnings per share were $0.08, up from $0.07. The company ended the year with $2.15 million in cash, working capital of $1.91 million and no debt disclosed on the balance sheet.
BAB operates 60 franchised and 3 licensed bagel, muffin and coffee units in 18 states, with 4 more under development. The board declared total cash distributions/dividends of $0.06 per share during 2025 and continued a shareholder rights plan, extending its expiration to the sixteenth anniversary of the original 2013 agreement.
BAB, INC. filed an initial insider ownership report for its Chief Operating Officer as of 12/30/2025. The filing shows the officer beneficially owns 430 shares of BAB common stock, held directly. No derivative securities, such as options or warrants, are listed in the tables, indicating only direct common stock ownership is reported in this statement.