secwatch.observer — SEC 8-K summary
======================================

Issuer:     CROWN CRAFTS INC (CRWS)
CIK:        0000025895
Form:       8-K
Filed at:   2022-04-15T23:59:59+00:00
Accession:  0001437749-22-009006
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25895/000143774922009006/0001437749-22-009006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25895/000143774922009006/crws20220414_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer