---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-020526"
form_type: "8-K"
ticker: "CRWS"
cik: "0000025895"
company_name: "CROWN CRAFTS INC"
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T07:09:50.979236+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001437749-25-020526
- form_type: 8-K
- ticker: CRWS
- cik: 0000025895
- company_name: CROWN CRAFTS INC
- filed_at: 2025-06-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25895/000143774925020526/0001437749-25-020526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25895/000143774925020526/crws20250614_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-020526
- JSON: https://secwatch.observer/filing/0001437749-25-020526.json
- Plain text: https://secwatch.observer/filing/0001437749-25-020526.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/25895/000143774925020526/0001437749-25-020526-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/25895/000143774925020526/0001437749-25-020526-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.