Filing Analysis
Crown Crafts, Inc. filed an 8-K to announce its financial results for the fourth quarter and full fiscal year ended March 29, 2026.
📋 Key Facts
- Reporting period: Fourth quarter and full fiscal year 2026 ending March 29, 2026.
- Filing date: June 24, 2026.
- The filing includes a press release (Exhibit 99.1) containing the financial results.
Crown Crafts, Inc. issued an 8-K to announce its financial results for the third quarter of fiscal year 2026, which ended on December 28, 2025.
📋 Key Facts
- Reporting period: Third Quarter of Fiscal Year 2026 (ended December 28, 2025).
- Filing date: February 11, 2026.
- The filing consists of a press release announcing financial results under Item 2.02.
Crown Crafts, Inc. filed an 8-K to announce its financial results for the second quarter of fiscal year 2025, which ended on September 29, 2024.
📋 Key Facts
- Report date: November 12, 2024
- Reporting period: Second Quarter of Fiscal Year 2025 (ended September 29, 2024)
- The filing is a standard announcement of quarterly financial results via press release.
Crown Crafts, Inc. filed an amendment to its previous 8-K to provide required financial statements and pro forma information regarding the acquisition of substantially all assets of Baby Boom Consumer Products, Inc. by its subsidiary, NoJo Baby & Kids, Inc.
🚩 Red Flags
- The filing is an 'Amendment No. 1' to a previous 8-K, indicating the company was previously late or required to supplement missing financial data regarding a significant acquisition.
📋 Key Facts
- Acquisition target: Baby Boom Consumer Products, Inc. (Seller).
- Acquisition vehicle: NoJo Baby & Kids, Inc., a wholly-owned subsidiary of Crown Crafts, Inc.
- Transaction date: Asset Purchase Agreement dated July 19, 2024.
- Financials provided: Audited financial statements for the year ended Dec 31, 2023, and unaudited condensed financials as of March 31, 2024.
- Pro forma information: Includes an unaudited pro forma condensed combined balance sheet as of March 31, 2024, and income statement for the year ended March 31, 2024.
Crown Crafts, Inc. announced its Q1 fiscal year 2025 financial results and reported the outcomes of its 2024 Annual Meeting of Stockholders held on August 13, 2024.
📋 Key Facts
- The Company released financial results for the first quarter of fiscal year 2025 (ended June 30, 2024) via press release on August 14, 2024.
- Two Class II director nominees, Michael Benstock and Zenon S. Nie, were elected to the Board of Directors.
- Stockholders approved the compensation of named executive officers on an advisory basis (Say-on-Pay).
- Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending March 30, 2025.
Crown Crafts, Inc., through its subsidiary NoJo Baby & Kids, completed the acquisition of substantially all assets of Baby Boom Consumer Products, Inc. for $18.0 million in cash. The transaction was financed via an $8.0 million term loan and existing revolving credit facilities with The CIT Group.
🚩 Red Flags
- Increased leverage through a new $8.0 million term loan.
- The acquisition is funded primarily by debt rather than cash on hand.
📋 Key Facts
- Acquisition price: $18.0 million (subject to working capital adjustments).
- Target working capital: $6,515,809.
- Escrow amounts: $75,000 for indemnification and $500,000 for post-closing adjustments.
- Financing: $8.0 million term loan from The CIT Group/Commercial Services, Inc.
- Term loan terms: 48 monthly installments; interest rate = SOFR + 2.25%.
- Credit facility amendment: Line of credit capacity increased from $35.0M to $40.0M and maturity extended to July 19, 2029.
Crown Crafts, Inc. filed an 8-K to announce its financial results for the fourth quarter and full fiscal year ended March 31, 2024.
📋 Key Facts
- Report date: June 28, 2024
- Reporting period: Q4 and Full Fiscal Year 2024 (ended March 31, 2024)
- The filing includes a press release as Exhibit 99.1 containing the financial results.
Crown Crafts, Inc. filed an 8-K to announce its financial results for the third quarter of fiscal year 2024, which ended on December 31, 2023.
📋 Key Facts
- Reporting period: Third Quarter of Fiscal Year 2024 (ended December 31, 2023).
- Filing date: February 14, 2024.
- The filing consists of a press release announcing financial results via Item 2.02.