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.
On July 25, 2024, Crimson Wine Group determined the June 30 cyber incident likely had a material impact on business operations.
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.
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 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.
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.
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