Winmark (WINA) expands board, appoints Stephanie Hoppe, as Barbetta to step down
Rhea-AI Filing Summary
Winmark Corporation announced governance changes to its Board of Directors. Lawrence A. Barbetta, a director and Audit Committee member, informed the company he will not stand for re-election at the Annual Meeting of Shareholders in April 2027, consistent with independent director term limits, and will continue serving until that meeting.
Effective May 5, 2026, the Board increased its size from seven to eight members and elected Stephanie S. Hoppe as a new director. In connection with her election, she received an option to purchase 3,400 shares of Winmark common stock under the 2020 Stock Option Plan.
Winmark describes itself as a nationally recognized resale franchisor focused on sustainability and small business formation, with 1,383 franchises in operation and over 2,800 available territories as of March 28, 2026, plus 79 additional awarded franchises not yet open.
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8-K Event Classification
Key Figures
Key Terms
independent director term limits regulatory
Audit Committee financial
Compensation and Nominating Committees financial
omnichannel strategy technical
forward-looking statements regulatory
FAQ
What governance changes did Winmark (WINA) announce in this 8-K filing?
Who is Lawrence A. Barbetta and when will he leave Winmark’s (WINA) Board?
Who is Stephanie S. Hoppe, the new director appointed by Winmark (WINA)?
What board roles and equity award did Stephanie Hoppe receive at Winmark (WINA)?
How large is Winmark’s (WINA) franchise system as of March 28, 2026?
What businesses and brands does Winmark (WINA) focus on?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On May 5, 2026, Lawrence A. Barbetta, a member of the Board of Directors (the “Board”) of Winmark Corporation (the “Company”) notified the Company that he will not stand for re-election at the Company’s Annual Meeting of Shareholders to be held on or about April 21, 2027, in accordance with the Company’s independent director term limits. Mr. Barbetta will continue to serve as a member of the Board until such meeting.
(d) Effective May 5, 2026, the Board increased the number of authorized directors of the company from seven to eight and elected Stephanie S. Hoppe to serve on the Company’s Board.
Pursuant to the Company’s 2020 Stock Option Plan, in connection with her election to the Board, Ms. Hoppe received an option to purchase 3,400 shares of the Company’s Common Stock.
A copy of the press release announcing Mr. Barbetta’s decision not to run for re-election to the Board and Ms. Hoppe’s election to the Board is attached as Exhibit 99.1 of this Current Report on Form 8-K.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
99.1 | Press Release dated May 6, 2026 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document and incorporated as Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WINMARK CORPORATION | ||
Date: May 6, 2026 | By: | /s/Anthony D. Ishaug |
Anthony D. Ishaug | ||
Chief Financial Officer and Treasurer | ||
Ex. 99.1
Contact:Anthony D. Ishaug
763/520-8500
FOR IMMEDIATE RELEASE
WINMARK CORPORATION ANNOUNCES GOVERNANCE CHANGES
Minneapolis, MN (May 6, 2026) - Winmark Corporation (Nasdaq: WINA) announced today that Lawrence A. Barbetta has informed the company of his decision not to stand for re-election to the Winmark Board of Directors at its next Annual Meeting of Shareholders in April 2027, in accordance with the Company’s independent director term limits. Mr. Barbetta was elected to Winmark’s Board of Directors in 2012 and currently serves as a member of the Audit Committee.
“Larry Barbetta’s service to Winmark since joining our Board has been significant and impactful. He has brought an important perspective to our Board and Audit Committee discussions, grounded in his experience building and leading technology and analytics businesses,” stated Brett D. Heffes, Chair and Chief Executive Officer. “On behalf of our shareholders, I want to personally thank Larry for his dedication, insight and contributions to Winmark.”
Additionally, the Company announced that it has appointed Stephanie S. Hoppe to its Board of Directors and to the Compensation and Nominating Committees. Ms. Hoppe brings more than 20 years of senior marketing and brand leadership experience across consumer, franchise, and multi-unit retail businesses, with deep expertise in omnichannel strategy, digital marketing, brand positioning, and consumer insights. She currently serves as Vice President of Omnichannel Marketing at Casey’s General Stores, Inc. (Nasdaq: CASY), a leading convenience store retailer operating in nineteen states across the Midwest and Southern United States. Prior to joining Casey’s, Ms. Hoppe held senior marketing roles with major multi-unit retailers and franchisors, including Cicis Pizza and 7-Eleven.
“I am thrilled that Ms. Hoppe will be joining our Board of Directors,” stated Mr. Heffes. “Steph’s background in consumer engagement, data-driven marketing, omnichannel growth, and customer loyalty will be invaluable to Winmark and our franchisees. She has a proven track record of enabling data-driven consumer marketing strategies across both franchise and multi-unit retail environments. I look forward to working with her to support our franchisees and to accelerate our mission to provide Resale for Everyone®.”
Winmark - the Resale Company® is a nationally recognized franchisor focused on sustainability and small business formation. We champion and guide entrepreneurs interested in operating one of our award winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. At March 28, 2026, there were 1,383 franchises in operation and over 2,800 available territories. An additional 79 franchises have been awarded but are not open.
This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company. Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated. Because actual results may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.