---
schema_version: "secwatch.filing_event.v1"
accession: "0001562151-23-000047"
form_type: "8-K"
ticker: "CWGL"
cik: "0001562151"
company_name: "Crimson Wine Group, Ltd"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:00:41.840133+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Crimson Wine Group amends charter to restrict share transfers over 5% to protect NOL tax benefits

## Summary
- Charter amendment restricts transfers that would increase ownership beyond 5% or increase existing 5% holders; violative transfers void.
- Approved at annual meeting with 12.09M shares for, 3.15M against, 3.66M broker non-votes.
- All seven director nominees elected, including John D. Cumming, Annette Alvarez-Peters, Douglas M. Carlson, and others.
- Ratification of BPM LLP as independent auditor approved: 18.76M for, 7,280 against, 832,594 abstain.
- Advisory say-on-pay resolution approved: 14.84M for, 1.08M against, 18,945 abstain.

## SEC filing metadata
- accession: 0001562151-23-000047
- form_type: 8-K
- ticker: CWGL
- cik: 0001562151
- company_name: Crimson Wine Group, Ltd
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000047/0001562151-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000047/cwgl-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562151-23-000047
- JSON: https://secwatch.observer/filing/0001562151-23-000047.json
- Plain text: https://secwatch.observer/filing/0001562151-23-000047.txt

## Key facts
- Shareholder Votes
  Crimson Wine Group, Ltd shareholders approved Advisory resolution approving the compensation of the Company's named executive officers (say-on-pay) at the 2023-07-28 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-07-28
  source text: 3. Approval of the advisory resolution approving the compensation of the Company’s named executive officers (“say-on-pay”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000047/0001562151-23-000047-index.htm
- Shareholder Votes
  Crimson Wine Group, Ltd shareholders approved Election of Directors at the 2023-07-28 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-07-28
  source text: 1. Election of Directors Each of the seven nominees for director was elected
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000047/0001562151-23-000047-index.htm
- Shareholder Votes
  Crimson Wine Group, Ltd shareholders approved Ratification of BPM LLP as independent registered public accounting firm of the Company for the year ending December 31, 2023 at the 2023-07-28 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-07-28
  source text: 2. Ratification of BPM LLP as independent registered public accounting firm of the Company for the year ending December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000047/0001562151-23-000047-index.htm
- Shareholder Votes
  Crimson Wine Group, Ltd shareholders approved Approval of the Charter Amendment at the 2023-07-28 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-07-28
  source text: 4. Approval of the Charter Amendment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000047/0001562151-23-000047-index.htm

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