On February 28, 2014, Jeffrey M. Gorden resigned as Chief Financial Officer and Treasurer of BAB, Inc. Mr. Gorden has accepted a position with another company and his resignation from the company will be effective March 21, 2014. Gorden is leaving for another opportunity and has no disputes or issues with company management or Sassetti LLC, the independent registered public accounting firm for the Company. On March 1, 2014, the Company appointed its Controller, Ms. Geraldine Conn, as Chief Financial Officer and Treasurer, effective March 21, 2014.

She has 12 years of experience with the Company, including as Controller of BAB, Inc. since 2008, and she has over 25 years of financial leadership experience.