Company: CRWS
Filing Date: 2025-06-27
Form Type: DEF 14A
Source: 0001437749-25-021381
Chunk: 30

Company: CROWN CRAFTS INC
Filing Date: 2025-06-27
Form: DEF 14A
Chunk 30
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 analysis supplied by FW Cook in March 2024, the Compensation Committee made the following compensation decisions. Although the Compensation Committee considered the advice and recommendations of FW Cook, the Compensation Committee ultimately made its own decision about the compensation matters described below.

| • | In March 2024, the Compensation Committee increased Mr. Demarest’s base salary from $253,200 per year to $280,000 per year, effective fiscal year 2025. In addition, on March 26, 2024, the Compensation Committee granted to Mr. Demarest under the 2021 Plan 25,000 restricted shares of Common Stock, which originally vested on March 26, 2027. (The Compensation Committee accelerated the vesting of this award in connection with Mr. Demarest’s decision to retire from the Company. See “- Employment, Severance and Compensation Arrangements – Craig J. Demarest.”) |

| • | On March 26, 2025, the Compensation Committee: (i) increased Ms. Elliott’s base salary from $400,000 per year to $440,000 per year, effective fiscal year 2026; and (ii) granted to Ms. Elliott under the 2021 Plan 125,000 restricted shares of Common Stock, which vest on March 26, 2028. |

| • | On March 26, 2025, the Compensation Committee granted to Ms. Sheridan under the 2021 Plan 5,000 restricted shares of Common Stock, which vest on March 26, 2028. |

The base salary increases for Mr. Demarest and Ms. Elliott described above aligned each of their respective base salaries with the market 25th percentile in the third-party general industry survey data presented by FW Cook in March 2024.

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The Elements of Compensation

Total direct compensation includes cash, in the form of base salary and annual incentives, and long-term equity incentives. The Compensation Committee evaluates the mix between these three elements based on the pay practices of comparable companies.

The Compensation Committee reviews aggregate compensation data for each officer position from comparable companies based primarily on company size, as measured through annual revenue, market capitalization and other financial measures. Although the Compensation Committee also considers other relevant survey data, including that provided by FW Cook, the Compensation Committee particularly focuses on the compensation practices of such comparable companies in considering compensation levels for the Company’s Chief Executive Officer and the other named executive officers. The Compensation Committee considers the opinions and recommendations