CRWS Crown Crafts Inc - 8-K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 27, 2025, as part of consolidating its internal operations, Crown Crafts, Inc. (the “Company”) notified Donna E. Sheridan, President and Chief Executive Officer of NoJo Baby & Kids, Inc., a subsidiary of the Company ("NoJo"), and a named executive officer of the Company, that: (i) she is terminated from her positions as NoJo’s President and Chief Executive Officer effective October 27, 2025: and (ii) her employment with NoJo is terminated effective November 30, 2025.

For purposes of Ms. Sheridan’s Employment Agreement with NoJo, dated as of January 18, 2019 (the “Employment Agreement”), the termination of her employment by NoJo constitutes a termination without cause, and Ms. Sheridan is entitled to receive from NoJo the benefits set forth in the Employment Agreement in connection with such termination. A description of these benefits is set forth in the Company’s Proxy Statement, filed with the Securities and Exchange Commission on June 27, 2025, under the sections “Executive Compensation – Compensation Discussion and Analysis – Employment, Severance and Compensation Arrangements – Donna E. Sheridan” and “Executive Compensation – Potential Payments Upon Termination or Change in Control” and is incorporated in this Item 5.02 by reference.

The Company thanks Ms. Sheridan for her past services and contributions to NoJo and wishes her the best in her future endeavors.