Highest-materiality recent filing
Crimson Wine Group acquires Raeburn brand from Purple Brands for $35.2M
Purchase price of approx. $35.2M for Raeburn brand and related inventory assets.
Crimson Wine Group shareholders elect all seven director nominees and approve say-on-pay
All seven director nominees elected; votes for ranged from 13.4M to 14.9M shares, with ~2.96M broker non-votes.
CEO Jennifer L. Locke appointed to board; board expands from 7 to 8 members
Board increased size to eight and appointed CEO Jennifer L. Locke to fill vacancy.
Annual meeting results: all director nominees elected, auditor ratified
Seven directors elected; John D. Cumming received 13.1M votes for, 2.7M withheld.
On July 25, 2024, Crimson Wine Group determined the June 30 cyber incident likely had a material impact on business operations.
Crimson Wine Group discloses cybersecurity incident on June 30, 2024; probe ongoing
Unauthorized third party gained access to certain technology systems on June 30, 2024.
Crimson Wine Group appoints Adam D. Howell as CFO effective December 12, 2023
Adam Howell named CFO, previously SVP Finance & Accounting at Duckhorn Portfolio; CPA.
Interim CFO Kimberly Benson resigns from Crimson Wine Group, effective Nov 10, 2023
Interim CFO and principal accounting officer Kimberly Benson resigns to pursue another opportunity; effective Nov 10, 2023.
Crimson Wine Group corrects voting error; charter amendment proposal did not pass
Charter Amendment Proposal to preserve tax benefits failed; only 52.3% of outstanding shares voted for, short of required majority.
Crimson Wine Group corrects vote tabulation; charter amendment to restrict share transfers approved
Charter Amendment approved (10.67M for, 4.57M against) to restrict transfers of common stock to preserve NOL tax benefits.
CFO Karen Diepholz leaves Crimson Wine; separation agreement provides $325,992 severance
Effective July 19, 2023, CFO Karen Diepholz departed; separation agreement dated August 2, 2023.
Crimson Wine Group amends charter to restrict share transfers over 5% to protect NOL tax benefits
Charter amendment restricts transfers that would increase ownership beyond 5% or increase existing 5% holders; violative transfers void.
Crimson Wine Group CFO resigns; Kimberly Benson named interim CFO
CFO Karen Diepholz resigned effective July 19, 2023.
Extension of revolving and term loan termination dates to May 31, 2028 (previously unspecified).
Crimson Wine Group extends credit agreement deadlines to June 30, 2023 via Fourth Amendment
Revolving Loan Termination Date extended to June 30, 2023.
Crimson Wine Group authorizes repurchase of up to 2M shares at max $7.00 per share
Board authorized repurchase of up to 2,000,000 shares of common stock.
Crimson Wine Group repurchases 800K shares for $5M; directors also buy
Company repurchased 800,000 shares from MFP Investors LLC at $6.25/share for $5M total.
Stockholders approve 2022 Omnibus Plan, authorizing 678K shares for equity awards
2022 Omnibus Incentive Plan approved with 14,889,623 votes for, 557,286 against.
Crimson Wine grants CEO 500k performance-vested options, raises base salary to $375k
CEO Jennifer L. Locke granted options to purchase 500,000 shares at $7.50, expiring March 11, 2032.
Crimson Wine Group authorizes $4M share buyback at up to $9.00 per share
Board authorized repurchase of up to $4,000,000 of common stock, with maximum price of $9.00 per share.
Crimson Wine Group announces results of 2021 annual shareholder meeting
All seven director nominees elected; John D. Cumming received 16,002,035 votes for.
Crimson Wine Group receives full PPP loan forgiveness of $3.86M from SBA
SBA approved full forgiveness of $3,819,521.91 PPP loan plus accrued interest, total $3,863,234.21.
Crimson Wine Group grants 164,000 stock options to CEO, CFO, and COO
CEO Jennifer L. Locke receives options for 66,000 shares; CFO and COO each receive 49,000 shares.
On October 30, 2024, the Board of Directors (the “Board”) of Crimson Wine Group, Ltd. (the “Company”) increased the size of the Board from seven to eight members and appointed Jennifer L. Locke, the Company’s Chief Executive Officer, to fill the vacancy for a term expiring at the 2025 annual meeting of stockholders of the Company.
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”).
On October 4, 2023, Kimberly Benson, the interim Chief Financial Officer and interim principal accounting officer of Crimson Wine Group, Ltd. (the “Company”), notified the Company that she is resigning from her position in order to pursue another business opportunity.
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
the Board of Directors of the Company (the “Board”) appointed Kimberly Benson as interim Chief Financial Officer and interim principal accounting officer of the Company, effective as of July 19, 2023.
Karen Diepholz, the Company’s Chief Financial Officer and principal accounting officer, resigned from her position with the Company on July 19, 2023, effective immediately.
Max materiality 0.75 · Median 0.50 · Most common event other_material