secwatch.observer — SEC 8-K summary
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Issuer:     Crimson Wine Group, Ltd (CWGL)
CIK:        0001562151
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001562151-23-000077
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562151/000156215123000077/0001562151-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562151/000156215123000077/cwgl-20231204.htm
  HTML page:      https://secwatch.observer/filing/0001562151-23-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer