{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-023898","form_type":"8-K","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.202898+00:00","generated_at":"2026-06-11T08:52:35.186615+00:00","sec_items":["2.02","5.07","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crown Crafts Q1 sales up 9% to $17.1M; EPS drops to $0.04 from $0.14 YoY","bullets":["Net sales $17.1M (+9% YoY); Manhattan Toy acquisition contributed $3.7M to sales.","Net income $366K ($0.04 diluted EPS) vs $1.4M ($0.14) in prior-year quarter.","Gross margin fell to 27.7% from 32.8%; marketing/admin expenses rose to $4.0M.","Declared quarterly dividend of $0.08/share, payable Oct 6 to holders of record Sep 15.","CEO cites inflationary headwinds; expects Manhattan Toy integration to improve results."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-023898","json":"https://secwatch.observer/filing/0001437749-23-023898.json","markdown":"https://secwatch.observer/filing/0001437749-23-023898.md","text":"https://secwatch.observer/filing/0001437749-23-023898.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/0001437749-23-023898-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/crws20230809_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:52:35.186615+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":[{"claim_id":"94bf6df728f77afc1bd335156b1117c2dd5a096a","claim":"CROWN CRAFTS INC reported first quarter of fiscal year 2024, which ended July 2, 2023 results: revenue $17.1 million, net income $366,000, EPS $0.04 per diluted share.","evidence_excerpt":"Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today reported results for the first quarter of fiscal year 2024, which ended July 2, 2023. First Quarter Summary ● Net sales of $17.1 million, an increase of 9.0% from the prior-year quarter ● Net income of $366,000, or $0.04 per diluted share ● Declared quarterly dividend of $0.08 per share of Series A common stock","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/0001437749-23-023898-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal year 2024, which ended July 2, 2023"},{"label":"Revenue","value":"$17.1 million"},{"label":"Net income","value":"$366,000"},{"label":"EPS","value":"$0.04 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3ad2a790743ba5e6554735e9a81a97adf3abb421","claim":"CROWN CRAFTS INC shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending March 31, 2024 at the 2023-08-15 meeting.","evidence_excerpt":"For Against Abstain Broker Non-Votes 7,268,272 612,163 61,324 0","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/0001437749-23-023898-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-15"}],"fact_type":"shareholder_vote"},{"claim_id":"744dfe2acad284003f287cd54f2595838f01a46e","claim":"CROWN CRAFTS INC shareholders approved Election of Directors (one Class II and two Class III nominees) at the 2023-08-15 meeting.","evidence_excerpt":"The following tables reflect the tabulation of the votes with respect to each proposal submitted to a vote of the Company’s stockholders at the Annual Meeting. At the Annual Meeting, the Company’s stockholders: (i) elected one Class II nominee to the Company’s Board of Directors (the “Board”) and elected two Class III nominees to the Board; (ii) ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024; and (iii) approved (on an advisory basis) the compensation of the Company’s named executive officers.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/0001437749-23-023898-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-15"}],"fact_type":"shareholder_vote"},{"claim_id":"82ad0fc0fb9c7eb8143493a7c2d67ecb15298f34","claim":"CROWN CRAFTS INC shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2023-08-15 meeting.","evidence_excerpt":"For Against Abstain Broker Non-Votes 4,532,017 364,259 142,797 2,902,686","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774923023898/0001437749-23-023898-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-15"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}