Crown Crafts Chairman Chestnut to retire May 1; Elliott, Nie appointed

CROWN CRAFTS INC

E. Randall Chestnut resigns as director and all positions effective May 1, 2022; no disagreement.
Olivia W. Elliott (President & CEO) appointed to Board effective May 1.
Zenon S. Nie appointed Chairman of the Board, replacing Chestnut.
Chestnut receives $155,692.15 lump sum and accelerated vesting of 8,033 restricted shares.
No additional compensation for Elliott due to Board service.

item 5.02 item 9.01

Executive movements

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Appointed

Olivia W. Elliott

Director

CRWS · CROWN CRAFTS INC

Effective: 2022-05-01
Filed: April 15, 2022, 7:59 PM ET

the Company’s Board of Directors (the “Board”) appointed: (i) Olivia W. Elliott, the Company’s President and Chief Executive Officer, as a director of the Company, effective May 1, 2022

Departed

E. Randall Chestnut

Chairman of the Board

CRWS · CROWN CRAFTS INC

Effective: 2022-05-01
Successor: Zenon S. Nie
Filed: April 15, 2022, 7:59 PM ET

E. Randall Chestnut agreed that he shall retire from the Company effective May 1, 2022 and, in connection therewith, he has resigned his position as a director of the Company, and all other positions he holds with the Company, effective as of such date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Olivia W. Elliott was appointed as Director at CROWN CRAFTS INC.

Action: appointed
Role: Director

Exact text from the filing

the Company’s Board of Directors (the “Board”) appointed: (i) Olivia W. Elliott, the Company’s President and Chief Executive Officer, as a director of the Company, effective May 1, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

E. Randall Chestnut resigned as Chairman of the Board at CROWN CRAFTS INC.

Action: resigned
Role: Chairman of the Board

Exact text from the filing

E. Randall Chestnut agreed that he shall retire from the Company effective May 1, 2022 and, in connection therewith, he has resigned his position as a director of the Company, and all other positions he holds with the Company, effective as of such date.

View on SEC.gov

CROWN CRAFTS INC filing history →

Source: SEC EDGAR

accession 0001437749-22-009006

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