---
schema_version: "secwatch.filing_event.v1"
accession: "0001562151-23-000077"
form_type: "8-K"
ticker: "CWGL"
cik: "0001562151"
company_name: "Crimson Wine Group, Ltd"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:43:57.738745+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Crimson Wine Group appoints Adam D. Howell as CFO effective December 12, 2023

## Summary
- Adam Howell named CFO, previously SVP Finance & Accounting at Duckhorn Portfolio; CPA.
- Base salary $315,000, target annual bonus of 40% of base salary.
- Eligible for stub-year cash bonus up to $50,000 tied to year-end close and Q1 2024 close.
- One-time grant of 115,000 non-qualified stock options with time- and performance-based vesting.
- Severance of 12 months base salary if terminated without cause or for good reason (subject to release).

## SEC filing metadata
- accession: 0001562151-23-000077
- form_type: 8-K
- ticker: CWGL
- cik: 0001562151
- company_name: Crimson Wine Group, Ltd
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000077/0001562151-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000077/cwgl-20231204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562151-23-000077
- JSON: https://secwatch.observer/filing/0001562151-23-000077.json
- Plain text: https://secwatch.observer/filing/0001562151-23-000077.txt

## Key facts
- Executive change
  Adam D. Howell was appointed as Chief Financial Officer at Crimson Wine Group, Ltd.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On December 4, 2023, Crimson Wine Group, Ltd. (the “Company”) announced the appointment of Adam D. Howell as Chief Financial Officer and principal accounting officer of the Company, effective December 12, 2023 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562151/000156215123000077/0001562151-23-000077-index.htm

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