Crimson Wine Group Ltd.
11/01/2024 | Press release | Distributed by Public on 11/01/2024 12:57
Management Change/Compensation Form 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 30, 2024, the Board of Directors (the "Board") of Crimson Wine Group, Ltd. (the "Company") increased the size of the Board from seven to eight members and appointed Jennifer L. Locke, the Company's Chief Executive Officer, to fill the vacancy for a term expiring at the 2025 annual meeting of stockholders of the Company. Biographical and other information about Ms. Locke can be found in the section of the Company's 2024 proxy statement on Schedule 14A for its 2024 annual meeting of stockholders, filed with the Securities and Exchange Commission on May 30, 2024, entitled "Executive Compensation-Current Executive Officers-Jennifer L. Locke", which information is incorporated by reference herein. Ms. Locke brings to the Board a deep understanding of the Company's business and the industry in which it operates as well as executive leadership experience.
Ms. Locke will not receive any fees for her service on the Board. There are no arrangements or understandings between Ms. Locke and any other persons pursuant to which she was selected as a director. There are no transactions between Ms. Locke and the Company that would be required to be reported under Item 404(a) of Regulation S-K.