Crimson Wine Group Ltd.

05/07/2024 | Press release | Distributed by Public on 06/07/2024 03:11

Material Event Form 8 K

Item 8.01. Other Events.
On June 30, 2024, Crimson Wine Group, Ltd. (the "Company") determined that the Company had experienced a cybersecurity incident in which an unauthorized third party gained access to certain technology systems of the Company. The Company currently believes that this unauthorized third party gained such access on June 30, 2024. Following detection of the incident, the Company initiated response protocols and launched an investigation, which remains ongoing.
The Company is in the early stages of its investigation and assessment of this incident. The full scope of the costs and related impacts of this incident has not been determined. The Company is unable to determine at this time whether the incident has had or will have a material impact on the Company's operations.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements regarding the Company's current beliefs, understanding and expectations regarding the cybersecurity incident and its anticipated impact on the Company's business, operations and financial results. Factors that could cause actual results to differ from those expressed in these forward-looking statements include the ongoing assessment of the cybersecurity incident; legal, reputational and financial risks resulting from the cybersecurity incident or additional cybersecurity incidents; and the risks described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent Quarterly Reports on Form 10-Q. Unless required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.