---
schema_version: "secwatch.filing_event.v1"
accession: "0001562151-23-000051"
form_type: "8-K"
ticker: "CWGL"
cik: "0001562151"
company_name: "Crimson Wine Group, Ltd"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:58:54.114556+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562151-23-000051
- form_type: 8-K
- ticker: CWGL
- cik: 0001562151
- company_name: Crimson Wine Group, Ltd
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000051/0001562151-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000051/cwgl-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562151-23-000051
- JSON: https://secwatch.observer/filing/0001562151-23-000051.json
- Plain text: https://secwatch.observer/filing/0001562151-23-000051.txt

## Key facts
- Executive change
  Karen Diepholz departed as Chief Financial Officer at Crimson Wine Group, Ltd.
  - Action: departed
  - Role: Chief Financial Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000051/0001562151-23-000051-index.htm

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