8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) OCTOBER 6, 2006

CRAWFORD & COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Georgia

(State or Other Jurisdiction of Incorporation)

1-10356	58-0506554
(Commission File Number)	(IRS Employer Identification No.)
5620 Glenridge Drive, N.E., Atlanta, Georgia	30342
(Address of Principal Executive Offices)	(Zip Code)

(404) 256-0830

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(c) Appointment of Principal Officers.

     On October 6, 2006, the Board of Directors of Crawford & Company (the “Company”) appointed W. Bruce Swain, Jr., age 43, as Executive Vice President — Chief Financial Officer of the Company. Mr. Swain is responsible for managing all aspects of the Company’s worldwide accounting and finance functions. He began his career with Crawford & Company in 1993, and has held several management positions within the Company’s Finance unit. In January 2000, Mr. Swain was promoted to Senior Vice President and Controller, and in May 2006, he was named Interim Chief Financial Officer. Mr. Swain is a certified public accountant and holds bachelor’s and master’s degrees in accountancy from the University of Mississippi. He is a member of the American and Georgia Institutes of CPAs and Financial Executives International.

     Also on October 6, 2006, the Company entered into an employment letter agreement with Mr. Swain. The agreement, a copy of which is attached as Exhibit 10.1, sets Mr. Swain’s grade level, base salary, annual incentive compensation and tenders, subject to Board approval, a restricted stock grant under the Company’s Executive Stock Bonus Plan.

Item 9.01 Financial Statements and Exhibits.

      (c) Exhibits

     The following exhibit is filed herewith:

Exhibit Number	Descriptions
10.1	Offer of Employment, effective October 6, 2006, between W. Bruce Swain, Jr. and Crawford & Company

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CRAWFORD & COMPANY
By:	/s/ Allen W. Nelson
	Allen W. Nelson
	Senior Vice President — General
	Counsel & Corporate Secretary

Dated: October 12, 2006

EX-10.1

Exhibit 10.1

Thomas W. Crawford

President & CEO

October 6, 2006

Mr. Bruce Swain
825 Loridans Circle
Atlanta, GA 30342

RE: Executive Vice President — Chief Financial Officer

Dear Bruce:

I am very pleased to offer you the regular full-time position of Executive Vice President-Chief Financial Officer,* reporting directly to me as President and CEO. The following will outline the specifics of the position:

Ø	Grade level will be EXO4
Ø	Base salary will be $290,000 per year ($11,153.85 per pay period)
Ø	Restricted Stock: 6000 Shares with vesting at 20% per year, issued under and subject to the terms conditions of the Crawford & Company Executive Stock Bonus Plan*
Ø	Incentive Plan: Participation in The Management Group Annual Incentive Plan
Ø	SERP: Participation in the Company’s Supplemental Executive Retirement Plan*
Ø	Vacation: 4 Weeks per year
Ø	Benefits: Those extended to full-time employees
Ø	Perquisites: Those extended to an Executive Vice President, including a company provided automobile.

*Note: Indicates items subject to approval of the Company’s Board of Directors

These terms supersede all previous agreements, letters of employment or incentive compensation arrangements (other than equity compensation programs) between you and the Company or any subsidiary or affiliate of the Company.

Your employment with the Company is at-will, which means that either you or the Company may terminate your employment at any time, with or without cause. Your job duties, title, compensation and benefits as well as the Company’s policies and procedures may change from time to time during your employment with the Company, except that the at-will nature of your employment may only be changed in a written document signed by you and the Chief Executive Officer of the Company.

Excellence In Everything We Touch

5620 Glenridge Drive n Atlanta, Georgia 30342 n (404) 256-0830 n Fax (404) 845-3107 n
www.crawfordandcompany.com

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Bruce Swain

I look forward to your leadership and success in fulfilling this most important role for the Company. I request you confirm these terms and conditions with your signature.

Sincerely,

/s/ Thomas W. Crawford

Thomas W. Crawford
President and CEO

I have reviewed and accept the terms and conditions as offered.

/s/ W. Bruce Swain, Jr.	October 6, 2006
Bruce Swain	Date

Excellence In Everything We Touch

5620 Glenridge Drive n Atlanta, Georgia 30342 n (404) 256-0830 n Fax (404) 845-3107 n
www.crawfordandcompany.com

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