{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-002792","form_type":"8-K","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2022-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.169731+00:00","generated_at":"2026-06-27T09:42:47.076082+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crown Crafts Q3 net sales up 16%; appoints Olivia Elliott CEO effective March 1","bullets":["Q3 net sales $22.7M vs $19.5M (+16% YoY); net income $2.4M ($0.24 diluted EPS) vs $2.1M ($0.21).","Ex-Carousel Designs, net sales up 23.8% in Q3, 14.6% YTD; gross margin fell to 27.1% from 31.6%.","YTD net income $7.5M ($0.74) includes $1.985M PPP loan forgiveness; adjusted net income $6.3M ($0.63) vs $5.9M ($0.58).","Olivia Elliott named CEO effective March 1, 2022; E. Randall Chestnut remains Chairman.","Quarterly dividend of $0.08/share declared, payable April 8 to shareholders of record March 18."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-002792","json":"https://secwatch.observer/filing/0001437749-22-002792.json","markdown":"https://secwatch.observer/filing/0001437749-22-002792.md","text":"https://secwatch.observer/filing/0001437749-22-002792.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/0001437749-22-002792-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/crws20220202_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T09:42:47.076082+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26932e6caf","claim":"Olivia W. Elliott was appointed as Chief Executive Officer at CROWN CRAFTS INC.","evidence_excerpt":"On February 8, 2022, the Company’s Board of Directors appointed Olivia W. Elliott to serve as the Company’s Chief Executive Officer, effective March 1, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/0001437749-22-002792-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"33af25fc7b","claim":"Olivia W. Elliott changed role as Chief Operating Officer at CROWN CRAFTS INC.","evidence_excerpt":"Ms. Elliott currently serves as the Company’s President and Chief Operating Officer, but will cease serving as Chief Operating Officer on such date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/0001437749-22-002792-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"cease serving as"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"f2d364b465","claim":"E. Randall Chestnut changed role as Chief Executive Officer at CROWN CRAFTS INC.","evidence_excerpt":"Upon effectiveness of Ms. Elliott’s appointment as Chief Executive Officer, E. Randall Chestnut, who has served as the Company’s Chief Executive Officer since 2001, will no longer serve in such role but will continue to serve as Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774922002792/0001437749-22-002792-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will no longer serve as"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}