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CRWS > SEC Filings for CRWS > Form 8-K on 19-Aug-2013All Recent SEC Filings

Show all filings for CROWN CRAFTS INC



Other Events

Item 8.01. Other Events

On August 15, 2013, E. Randall Chestnut, the President, Chief Executive Officer and Chairman of the Board of Crown Crafts, Inc. (the "Company"), adopted a stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under Rule 10b5-1, directors, officers and other employees who are not then in possession of material non-public information may adopt a pre-arranged plan for transacting in Company securities under specified conditions to avoid concerns that transactions may be occurring when such persons might possess material non-public information.

Mr. Chestnut's 10b5-1 plan provides for the purchase at prevailing market prices, subject to a maximum price threshold specified in the plan, of up to $170,000 in shares of the Company's Series A common stock. Transactions under the plan will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules and regulations.

The Company does not undertake to report Rule 10b5-1 plans that may be adopted by any directors, officers or other employees in the future, or to report any modifications or termination of any publicly announced trading plan, except to the extent required by law.

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