---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009006"
form_type: "8-K"
ticker: "CRWS"
cik: "0000025895"
company_name: "CROWN CRAFTS INC"
filed_at: "2022-04-15T23:59:59+00:00"
generated_at: "2026-06-26T07:12:51.862768+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-009006
- form_type: 8-K
- ticker: CRWS
- cik: 0000025895
- company_name: CROWN CRAFTS INC
- filed_at: 2022-04-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25895/000143774922009006/0001437749-22-009006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774922009006/crws20220414_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009006
- JSON: https://secwatch.observer/filing/0001437749-22-009006.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009006.txt

## Key facts
- Executive change
  Olivia W. Elliott was appointed as Director at CROWN CRAFTS INC.
  - Action: appointed
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/25895/000143774922009006/0001437749-22-009006-index.htm
- Executive change
  E. Randall Chestnut resigned as Chairman of the Board at CROWN CRAFTS INC.
  - Action: resigned
  - Role: Chairman of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/25895/000143774922009006/0001437749-22-009006-index.htm

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