{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-004873","form_type":"8-K/A","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2022-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.169450+00:00","generated_at":"2026-06-27T03:14:54.604936+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Crown Crafts grants CEO Elliott 125K performance shares; subsidiary president gets 62.5K","bullets":["CEO Olivia Elliott awarded 125,000 performance shares: 50,000 vest if stock hits $8, 75,000 at $9 per share by March 2027.","NoJo Baby & Kids president Donna Sheridan awarded 62,500 performance shares with same $8 and $9 price hurdles.","Vesting occurs 1/3 on later of earning date and March 1, 2023; 1/3 on 1st anniversary of earning; 1/3 on 2nd anniversary.","Unearned shares forfeited on termination; death/disability accelerates vesting of restricted shares already earned.","Change of control would earn all unearned shares and vest all restricted shares immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-004873","json":"https://secwatch.observer/filing/0001437749-22-004873.json","markdown":"https://secwatch.observer/filing/0001437749-22-004873.md","text":"https://secwatch.observer/filing/0001437749-22-004873.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774922004873/0001437749-22-004873-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774922004873/crws20220301_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T03:14:54.604936+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":"0603c5334b","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 (the “Board”) 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/25895/000143774922004873/0001437749-22-004873-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":"6e1f465646","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/25895/000143774922004873/0001437749-22-004873-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will no longer serve"},{"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"}