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 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

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: June 16, 2025, 7:59 PM ET

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: June 16, 2025, 7:59 PM ET

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.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Craig J. Demarest departed as Chief Financial Officer and principal financial and accounting officer at CROWN CRAFTS INC.

Action: retire
Role: Chief Financial Officer and principal financial and accounting officer

Exact text from the filing

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.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Claire K. Spencer was appointed as Chief Financial Officer, Secretary and principal financial and accounting officer at CROWN CRAFTS INC.

Action: appointed
Role: Chief Financial Officer, Secretary and principal financial and accounting officer

Exact text from the filing

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.

View on SEC.gov

CROWN CRAFTS INC filing history →

Source: SEC EDGAR

accession 0001437749-25-020526

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