---
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"
generated_at: "2026-06-27T03:14:54.604936+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Crown Crafts grants CEO Elliott 125K performance shares; subsidiary president gets 62.5K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-004873
- JSON: https://secwatch.observer/filing/0001437749-22-004873.json
- Plain text: https://secwatch.observer/filing/0001437749-22-004873.txt

## Key facts
- Executive change
  Olivia W. Elliott was appointed as Chief Executive Officer at CROWN CRAFTS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/25895/000143774922004873/0001437749-22-004873-index.htm
- Executive change
  E. Randall Chestnut changed role as Chief Executive Officer at CROWN CRAFTS INC.
  - Action: will no longer serve
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/25895/000143774922004873/0001437749-22-004873-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.