Craig J. Demarest
Craig J. Demarest will retire as the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc. (the “Company”), effective June 30, 2025.
Highest-materiality recent filing
Crown Crafts Q3 sales down 11.5% to $20.7M; net income up to $1.5M on insurance proceeds
Net sales $20.7M vs $23.4M prior year; gross margin fell to 23.5% from 26.1%.
Crown Crafts Q2 FY2026 net income rises to $1.2M ($0.11 EPS) despite sales dip to $23.7M
Net sales $23.7M, down 3.3% from $24.5M a year ago, with bedding and diaper bags sales decreasing $1.6M.
Crown Crafts terminates NoJo Baby & Kids CEO Donna Sheridan as part of consolidation
Donna E. Sheridan terminated as President and CEO of NoJo Baby & Kids subsidiary effective Oct 27, 2025.
Crown Crafts reports Q1 net loss of $1.1M; sales down 4.5% on tariff impact
Net sales $15.5M, down 4.5% YoY; net loss $1.1M ($0.10 EPS) vs loss $0.3M ($0.03) prior year.
Crown Crafts reports Q4 net loss of $10.8M, goodwill impairment of $13.8M
Q4 net sales $23.2M; gross margin 18.3%; GAAP net loss $10.8M ($1.04 diluted loss).
Crown Crafts appoints Claire Spencer as CFO effective June 30, 2025, replacing retiring CFO Demarest
Craig Demarest retires as CFO effective June 30, 2025; Claire Spencer appointed VP (June 16) and CFO/Secretary (June 30).
Craig J. Demarest will retire as the Chief Financial Officer and principal financial and accounting officer of Crown Crafts, Inc. (the “Company”), effective June 30, 2025.
On June 16, 2025, the Company’s Board of Directors appointed Claire K. Spencer as the Company’s: (i) Vice President, effective June 16, 2025; and (ii) Chief Financial Officer, Secretary and principal financial and accounting officer, effective June 30, 2025 upon Mr. Demarest’s retirement as the Company’s Chief Financial Officer and principal financial and accounting officer.
Max materiality 0.75 · Median 0.60 · Most common event earnings