CFO Karen Diepholz leaves Crimson Wine; separation agreement provides $325,992 severance

Crimson Wine Group, Ltd

Effective July 19, 2023, CFO Karen Diepholz departed; separation agreement dated August 2, 2023.
Cash severance of $325,992 (12 months base salary) payable per regular payroll.
Lump sum of $10,332.16 for approx. six months medical coverage and outplacement assistance.
Agreement includes general release, confidentiality, non-disparagement, and non-solicitation.
Separation agreement to be filed as exhibit to Form 10-Q for quarter ending June 30, 2023.

item 5.02

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Departed

Karen Diepholz

Chief Financial Officer

CWGL · Crimson Wine Group, Ltd

Effective: 2023-07-19
Filed: August 4, 2023, 7:59 PM ET

In connection with the departure of Karen Diepholz from her position as Chief Financial Officer and principal accounting officer of Crimson Wine Group, Ltd. (the "Company"), effective July 19, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Karen Diepholz departed as Chief Financial Officer at Crimson Wine Group, Ltd.

Action: departed
Role: Chief Financial Officer

Exact text from the filing

In connection with the departure of Karen Diepholz from her position as Chief Financial Officer and principal accounting officer of Crimson Wine Group, Ltd. (the "Company"), effective July 19, 2023

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Crimson Wine Group, Ltd filing history →

Source: SEC EDGAR

accession 0001562151-23-000051

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