-----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, BV2eChGWQfBF6vF78vq5cz0ZgIqYUMMIp44uSb3F3dkIcj6w9xTFt5docBVC1Mfb Yv7RP1CaGSfWLMQ4bt5AUw== 0000950144-00-005905.txt : 20000505 0000950144-00-005905.hdr.sgml : 20000505 ACCESSION NUMBER: 0000950144-00-005905 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000501 ITEM INFORMATION: FILED AS OF DATE: 20000504 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: GA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 002-29496 FILM NUMBER: 619450 BUSINESS ADDRESS: STREET 1: 1600 RIVEREDGE PKWY STE 200 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 7706446400 8-K 1 CROWN CRAFTS, INC. 1 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): May 1, 2000 ----------------------------- Crown Crafts, Inc. - ------------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) Georgia 1-7604 58-0678148 - ------------------------------------------------------------------------------ (State or other (Commission File Number) (IRS Employer jurisdiction of Identification incorporation) Number) 1600 RiverEdge Parkway, Suite 200, Atlanta, Georgia 30328 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (770) 644-6400 --------------------------- 2 Item 5. Other Events. On May 1, 2000, the Company eliminated 147 positions in order to streamline operations and reduce costs. The annualized reduction in payroll and benefits costs will exceed $6 million. The staff reductions occurred in 17 locations and involved all levels in the organization. Also as of May 1, two officers of the Company have resigned. Joseph L. Mattera, Senior Vice President and President of the Company's Crown Crafts Home Furnishings, Inc. subsidiary, has resigned to pursue other interests. Roger D. Chittum has resigned as Senior Vice President, Law and Administration and as a Director. Mr. Chittum will continue as an employee and Secretary of the Company through approximately the end of the summer. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. CROWN CRAFTS, INC. By: /s/ John A. Magee ------------------------------------------------------ Name: John A. Magee ----------------------------------------------- Title: Acting President ---------------------------------------------- Dated: May 3, 2000 -----END PRIVACY-ENHANCED MESSAGE-----