BAB Inc (OTCQB: BABB) CFO moves to part-time, taps Sassetti

Rhea-AI Filing Summary

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.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

CFO transition effective date: June 29, 2026

1 metrics

CFO transition effective date June 29, 2026 Effective date for CFO Geraldine Conn’s move to part-time role

Key Terms

principal financial officer, outsourced accounting support services, independent registered public accounting firm, related party transactions

4 terms

principal financial officer financial

"Ms. Conn will transition to a part-time role while continuing to serve as the Company's Chief Financial Officer and principal financial officer."

The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.

outsourced accounting support services financial

"the Company has engaged Sassetti, LLC ... to provide outsourced accounting support services."

independent registered public accounting firm regulatory

"Sassetti, LLC, the Company's former independent registered public accounting firm, to provide outsourced accounting support services."

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

related party transactions regulatory

"There are no related party transactions between Ms. Conn or Sassetti, LLC and the Company that would require disclosure under Item 404(a) of Regulation S-K."

Transactions between a company and people or entities that have close ties to it—such as executives, board members, major shareholders, family members, or related companies—where the parties are not independent. These deals matter to investors because they can create conflicts of interest or hide favorable terms that distort a company’s true profits and risks; think of it like a business buying or selling to a family member instead of using the open market, which can lead to biased prices or undisclosed obligations.

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Understanding 8-K Material Events →

false 0001123596 0001123596 2026-06-11 2026-06-11

Form 8-K

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act 1934

Date of Report

June 11, 2026

BAB, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-31555	36-4389547
(State or other jurisdiction of Identification Number)	Commission file number	(I.R.S. Employer incorporation or organization)

500 Lake Cook Road, Suite 475, Deerfield, IL 60015

(Address of principal executive offices) (Zip Code)

Issuer's telephone number (847) 948-7520

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	BABB	OTCQB

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company              ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 11, 2026, BAB, Inc. (the "Company") and Geraldine Conn mutually agreed that, effective June 29, 2026, Ms. Conn will transition to a part-time role while continuing to serve as the Company's Chief Financial Officer and principal financial officer.

In connection with her transition to a part-time role, Ms. Conn's salary will be adjusted to reflect her reduced work schedule.

Ms. Conn will continue to be responsible for the Company's financial reporting and will review and approve the Company's periodic reports, including its Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K.

In connection with this transition, the Company has engaged Sassetti, LLC, the Company's former independent registered public accounting firm, to provide outsourced accounting support services. Personnel of Sassetti, LLC will assist the Company with the preparation of financial information and related accounting functions under the supervision of Ms. Conn. Sassetti, LLC provides similar services to other clients and does not serve as the Company's independent registered public accounting firm.

Ms. Conn, in her capacity as Chief Financial Officer and principal financial officer, will continue to oversee the Company's accounting and financial reporting functions.

There are no arrangements or understandings between Ms. Conn and any other persons pursuant to which she agreed to transition to a part-time role. There are no related party transactions between Ms. Conn or Sassetti, LLC and the Company that would require disclosure under Item 404(a) of Regulation S-K.
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, BAB, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BAB, Inc.

By:/s/Michael W. Evans 

Michael W. Evans, Chief Executive Officer

Date: June 12, 2026

FAQ

What change did BAB Inc (BABB) disclose regarding its CFO?

BAB, Inc. announced that CFO Geraldine Conn will shift to a part-time role effective June 29, 2026, while continuing as Chief Financial Officer and principal financial officer. She will remain responsible for financial reporting and reviewing and approving the company’s quarterly and annual SEC filings.

Will BAB Inc’s CFO Geraldine Conn retain her responsibilities after moving part-time?

Yes. Despite moving to a part-time schedule, Geraldine Conn will continue serving as BAB, Inc.’s Chief Financial Officer and principal financial officer. She will remain responsible for financial reporting and for reviewing and approving the company’s Form 10-Q quarterly reports and Form 10-K annual reports filed with the SEC.

How will BAB Inc (BABB) handle accounting work after the CFO’s transition?

BAB, Inc. engaged Sassetti, LLC to provide outsourced accounting support services. Sassetti personnel will assist with preparing financial information and related accounting functions under the supervision of CFO Geraldine Conn, who will continue to oversee the company’s accounting and financial reporting functions in her part-time role.

Is Sassetti, LLC BAB Inc’s current independent registered public accounting firm?

No. Sassetti, LLC previously served as BAB, Inc.’s independent registered public accounting firm but now provides outsourced accounting support services. The firm offers similar services to other clients and does not currently act as BAB, Inc.’s independent registered public accounting firm, according to the disclosure.

Are there related party transactions between BAB Inc, its CFO, or Sassetti, LLC?

The company states there are no related party transactions between BAB, Inc. and either CFO Geraldine Conn or Sassetti, LLC that require disclosure under Item 404(a) of Regulation S-K. The transition to a part-time role is described as a mutual agreement without special arrangements.

Will BAB Inc’s CFO compensation change after moving to part-time?

Yes. BAB, Inc. disclosed that Geraldine Conn’s salary will be adjusted to reflect her reduced work schedule when she transitions to a part-time role on June 29, 2026. The filing does not detail specific amounts, only that her compensation will decrease with the reduced hours.

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 10.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 14.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.9 KB