-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BERApQkXWDKVBMgwUuwstYED6dV60XuSn1eNXdxPBf4u4DEa2coQTVliru4btQSg G9fmTE1Kc5768TaXKQxzQw== 0000950134-07-024169.txt : 20071116 0000950134-07-024169.hdr.sgml : 20071116 20071116161228 ACCESSION NUMBER: 0000950134-07-024169 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071116 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071116 DATE AS OF CHANGE: 20071116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN CRAFTS INC CENTRAL INDEX KEY: 0000025895 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILLS, COTTON [2211] IRS NUMBER: 580678148 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07604 FILM NUMBER: 071253404 BUSINESS ADDRESS: STREET 1: 916 SOUTH BURNSIDE AVENUE CITY: GONZALES STATE: LA ZIP: 70737 BUSINESS PHONE: 225-647-9100 MAIL ADDRESS: STREET 1: PO BOX 1028 CITY: GONZALES STATE: LA ZIP: 70707 8-K 1 d51579e8vk.htm FORM 8-K e8vk
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 16, 2007
Crown Crafts, Inc.
 
(Exact name of registrant as specified in its charter)
         
Delaware   1-7604   58-0678148
         
(State or other jurisdiction of
incorporation)
  (Commission File Number)   IRS Employer
Identification Number)
         
916 South Burnside Avenue, Gonzales, LA
  70737
     
(Address of principal executive offices)
  (Zip Code)
Registrant’s telephone number, including area code: (225) 647-9100
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:
     ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events.
     The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. The information in this Current Report shall not be incorporated by reference into any registration statement or document pursuant to the Securities Act of 1933, as amended.
     On November 16, 2007, Crown Crafts, Inc. issued a press release announcing that E. Randall Chestnut, its President and Chief Executive Officer, has adopted a prearranged stock trading plan to sell up to 200,000 shares of Crown Crafts common stock over a period of up to nine months as part of his individual long-term strategy for asset diversification and liquidity. A copy of that press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
  (d)   Exhibits
  99.1   Press Release dated November 16, 2007.
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 thereunto duly authorized.
             
 
      CROWN CRAFTS, INC.    
 
           
Date: 
  November 16, 2007   /s/ E. Randall Chestnut    
 
           
 
      E. Randall Chestnut    
 
      President and Chief Executive Officer    

1


 

Exhibit Index
       
Exhibit No.   Exhibit Description  
99.1
  Press Release dated November 16, 2007

2

EX-99.1 2 d51579exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1
(CROWN CRAFTS LOGO)
     
For immediate release
  November 16, 2007
Crown Crafts CEO Adopts 10b5-1 Stock Trading Plan
Gonzales, Louisiana — Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) announced today that E. Randall Chestnut, President and Chief Executive Officer, has adopted a prearranged stock trading plan to sell up to 200,000 shares of Crown Crafts common stock over a period of up to nine months as part of his individual long-term strategy for asset diversification and liquidity. Following completion of the planned sales, and assuming that all of the shares subject to the plan are sold, Mr. Chestnut will continue to be the Company’s second largest stockholder and beneficially own approximately 631,000 shares of the Company’s outstanding common stock.
The stock trading plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as well as the Company’s policies with respect to sales of shares held by officers and directors. Transactions under the plan will be disclosed through filings with the Securities and Exchange Commission.
Rule 10b5-1 permits officers and directors of public companies to adopt predetermined plans for selling specified amounts of stock. The plans may be entered into only when the director or officer is not in possession of material, non-public information and may be used to gradually diversify investment portfolios over a period of time.
Crown Crafts, Inc. designs, markets and distributes infant and juvenile consumer products, including bedding, blankets, bibs, bath items and accessories. Its subsidiaries include Hamco, Inc. in Louisiana and Crown Crafts Infant Products, Inc. in California. Crown Crafts is America’s largest producer of infant bedding, bibs and bath items. The Company’s products include licensed and branded collections as well as exclusive private label programs for certain of its customers.
Contact:    Olivia Elliott
Secretary — Treasurer
(225) 647-9124

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