Company: CRWS
Filing Date: 2025-06-27
Form Type: DEF 14A
Source: 0001437749-25-021381
Chunk: 10

Company: CROWN CRAFTS INC
Filing Date: 2025-06-27
Form: DEF 14A
Chunk 10
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 governance principles and believes that strong corporate governance is critical to achieving our performance goals and to maintaining the trust and confidence of stockholders, employees, suppliers, customers and regulatory agencies. On August 15, 2023, the Board adopted Principles of Corporate Governance as a framework for the governance of the Company. The Nominating, Governance and Ethics Committee of the Board (the “Nominating, Governance and Ethics Committee”) reviews our Principles of Corporate Governance periodically and may recommend changes to the Board, as appropriate.

Board of Directors

The Board is responsible for establishing broad corporate policies of the Company, monitoring the Company’s overall performance and ensuring that the Company’s activities are conducted in a responsible and ethical manner. However, in accordance with well-established corporate legal principles, the Board is not involved in the Company’s day-to-day operating matters. Members of the Board are kept informed about the Company’s business by participating in Board and committee meetings, by reviewing analyses and reports provided to them by the Company and through discussions with the Chairman of the Board and officers of the Company.

The Company has a classified Board currently consisting of one Class I director (Olivia W. Elliott), two Class II directors (Zenon S. Nie, Chairman of the Board, and Michael Benstock), and two Class III directors (Donald Ratajczak and Patricia Stensrud). At each annual meeting of stockholders, directors are elected to the Board to serve until the third ensuing annual meeting of stockholders and until their successors are elected and qualified or until their earlier death, resignation or removal from office. Pursuant to the Company’s bylaws, the Board has fixed its membership at five directors.

The Class I director currently serves until the Annual Meeting. The Class III directors and the Class II directors currently serve until our Annual Meeting of Stockholders to be held in 2026 (the “2026 Annual Meeting”) and our Annual Meeting of Stockholders to be held in 2027 (the “2027 Annual Meeting”), respectively.

The Board, upon recommendation of the Nominating, Governance and Ethics Committee, has nominated for election at the Annual Meeting, Ms. Elliott to serve as the Class I director until the 2028 Annual Meeting and until her successor is elected and qualified or until her earlier death, resignation or removal from office.

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The following table sets forth the names and certain other information about each of our directors and the director nominee as of June 13, 2025:

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