UNITED STATES
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): July 28, 2014
Crown Crafts, Inc. |
(Exact name of registrant as specified in its charter) |
Delaware |
1-7604 |
58-0678148 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
of incorporation) |
|
Identification No.) |
916 South Burnside Avenue, Gonzales, LA |
70737 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (225) 647-9100
|
(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:
☐ 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. |
On July 28, 2014, Crown Crafts, Inc. (the “Company”) issued a press release announcing that the Company had entered into an agreement to acquire trademarks and related rights associated with certain brands of Kid Brands, Inc. 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 July 28, 2014. |
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: July 28, 2014 |
/s/ Olivia W. Elliott |
|
Olivia W. Elliott |
|
Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. |
Description of Exhibit |
99.1 |
Press Release dated July 28, 2014. |
Exhibit 99.1
For immediate release |
July 28, 2014 |
Crown Crafts Enters Into Agreement to Acquire
Kidsline® and CoCaLo® Brand Names
Gonzales, Louisiana – Crown Crafts, Inc. (NASDAQ-CM: CRWS) announced today that it has entered into an agreement to acquire, through its wholly owned subsidiary, Crown Crafts Infant Products, Inc., the Kidsline® and CoCaLo® brand names from subsidiaries of Kid Brands, Inc. for a cash purchase price of $1.35 million. Consummation of the transaction is subject to the approval of the United States Bankruptcy Court for the District of New Jersey as part of Chapter 11 bankruptcy proceedings initiated by Kid Brands, Inc. If approval is received, Crown Crafts will acquire only the rights to use the brand names and associated trademarks and rights, and no physical assets will be included in the acquisition.
About Crown Crafts, Inc.
Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products, including crib and toddler bedding; blankets; nursery accessories; room décor; burp cloths; bathing accessories; reusable and disposable bibs; and disposable placemats, floor mats, toilet seat covers and changing mats. The Company’s operating subsidiaries consist of Crown Crafts Infant Products, Inc. in California and Hamco, Inc. in Louisiana. Crown Crafts is among America’s largest producers 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. The Company’s website is www.crowncrafts.com.
Contact:
Olivia Elliott
Vice President and Chief Financial Officer
(225) 647-9124
oelliott@crowncrafts.com