{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-017583","form_type":"8-K","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2023-06-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.687630+00:00","generated_at":"2026-06-14T00:40:33.441981+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 CEO gets amended agreement: $400K base, 2x severance","bullets":["Minimum base salary set at $400,000, subject to annual Board review.","Severance equals 2x (base salary + highest bonus in last 3 years) on termination without cause or for good reason.","Severance paid in lump sum within Change-in-Control period; otherwise 24 monthly installments.","Time-based equity awards vest immediately on qualifying termination; performance-based vest as per award agreement.","Non-compete and non-solicit restrictions apply during employment and up to 2 years post-termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-017583","json":"https://secwatch.observer/filing/0001437749-23-017583.json","markdown":"https://secwatch.observer/filing/0001437749-23-017583.md","text":"https://secwatch.observer/filing/0001437749-23-017583.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774923017583/0001437749-23-017583-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774923017583/crws20230615c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T00:40:33.441981+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}