Crown Crafts Q3 net income drops to $893K from $1.7M; CFO to retire June 30, 2025

CROWN CRAFTS INC

Net sales $23.3M vs $23.8M prior year; gross margin 26.1% vs 27.0%.
Net income $893K ($0.09 diluted) down from $1.7M ($0.17) in Q3 FY2024.
CFO Craig J. Demarest to retire effective June 30, 2025; accelerated vesting of 25,000 share restricted stock award.
Declared quarterly dividend of $0.08/share, payable April 4, 2025 to holders of record March 14, 2025.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Craig J. Demarest

Chief Financial Officer

CRWS · CROWN CRAFTS INC

Effective: 2025-06-30
Filed: February 12, 2025, 6:59 PM ET

On February 11, 2025, Craig J. Demarest, the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc., notified the Company’s Board of Directors (the “Board”) of his decision to retire from all positions he holds with the Company and its subsidiaries, effective June 30, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Craig J. Demarest departed as Chief Financial Officer at CROWN CRAFTS INC.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On February 11, 2025, Craig J. Demarest, the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc., notified the Company’s Board of Directors (the “Board”) of his decision to retire from all positions he holds with the Company and its subsidiaries, effective June 30, 2025.

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CROWN CRAFTS INC filing history →

Source: SEC EDGAR

accession 0001437749-25-003487

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