Crown Crafts appoints Claire Spencer as CFO effective June 30, 2025, replacing retiring CFO Demarest

CROWN CRAFTS INC

Craig Demarest retires as CFO effective June 30, 2025; Claire Spencer appointed VP (June 16) and CFO/Secretary (June 30).
Spencer receives $250,000 base salary; bonus eligible up to 60% of salary based on EBITDA targets.
Granted 15,000 restricted shares vesting June 16, 2027 under the 2021 Incentive Plan.
Employment agreement includes 1-year non-compete and non-solicit covenants post-termination.
Spencer previously served as Director of SEC Reporting at H&E Equipment Services (Nasdaq: HEES).

item 5.02item 9.01

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Departed

Craig J. Demarest

Chief Financial Officer and principal financial and accounting officer

CRWS · CROWN CRAFTS INC

Effective: 2025-06-30
Successor: Claire K. Spencer
Filed: Jun 16, 2025 23:59 UTC

Craig J. Demarest will retire as the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc. (the “Company”), effective June 30, 2025.

Appointed

Claire K. Spencer

Chief Financial Officer, Secretary and principal financial and accounting officer

CRWS · CROWN CRAFTS INC

Effective: 2025-06-30
Filed: Jun 16, 2025 23:59 UTC

On June 16, 2025, the Company’s Board of Directors appointed Claire K. Spencer as the Company’s: (i) Vice President, effective June 16, 2025; and (ii) Chief Financial Officer, Secretary and principal financial and accounting officer, effective June 30, 2025 upon Mr. Demarest’s retirement as the Company’s Chief Financial Officer and principal financial and accounting officer.

Source: SEC EDGAR

accession 0001437749-25-020526

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