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Olivia W. Elliott [June 28

President and Chief Executive Officer at CROWN CRAFTS
Board
Since March 1, 2022
Age
55 years
Education
Holds a Certified Public Accountant (CPA) credential.
Tenure
Joined CRWS in 11-2001, serving in roles including Secretary and Treasurer, CFO, and President and COO before becoming President and CEO on 03-01-2022.

Also at CROWN CRAFTS

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Craig J. Demarest [June 28
Vice President and Chief Financial Officer
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Donna E. Sheridan [June 28
President and Chief Executive Officer of NoJo Baby & Kids, Inc.

About

Olivia W. Elliott is the President and Chief Executive Officer of CRWS and is 55 years old as of June 28, 2024.

She began her professional journey in public accounting in 1991 with Deloitte & Touche LLP, laying the foundation for her credential as a Certified Public Accountant (CPA).

She joined CRWS in November 2001 as Secretary and Treasurer and subsequently held key leadership roles, including serving as Vice President and Chief Financial Officer from September 2008 to February 2021 and as President and Chief Operating Officer from January 2021, before being promoted to her current role on March 1, 2022.

Her extensive experience in financial and operational management has contributed to the strategic direction of CRWS, further reinforced by her appointment to the board as of May 2022.

$CRWS Performance Under Olivia W. Elliott [June 28

Past Roles

OrganizationRoleDate RangeDetails
Crown Crafts, Inc. President and Chief Operating Officer January 2021 – March 1, 2022 N/A
Crown Crafts, Inc. Vice President and Chief Financial Officer September 2008 – February 2021 Continued as CFO after promotion
Crown Crafts, Inc. Secretary and Treasurer November 2001 – (ended upon role change) Joined in this capacity
Deloitte & Touche LLP Public Accounting Professional Approximately 1991 – 1994 (more than 3 years) Worked in public accounting
Two Public Companies Finance and Treasury Roles 7 years (exact period not provided) Held finance and treasury functions

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$400,000 Fiscal Year 2024Fixed annual salary
All Other Compensation$30,820 Fiscal Year 2024Breakdown: Automobile expenses $19,512, 401(k) matching $11,308
Option Awards (50,000 shares at $7.11)50,000 shares at $7.11 Fiscal Year 2024; Expires Jan 4, 2031Exercisable terms; granted Jan 4, 2021
Option Awards (29,000 shares at $7.98)29,000 shares at $7.98 Fiscal Year 2024; Expires Jun 9, 2031Exercisable terms; granted Jun 9, 2021
Unvested Stock Award25,000 shares valued at $127,500 Vesting on March 21, 2025Market value based on $5.10 per share

Performance Compensation

Data from  FY 2024

Performance-Based Award

MetricThresholdShares AwardedVesting ScheduleEvaluation PeriodAdditional Details
Closing Price≥ $8.00 on 10 out of 20 trading days50,000 shares 1/3 at date earned, 1/3 after 1 year, 1/3 after 2 years Any 20 consecutive trading days prior to March 1, 2027 Part of Performance Award under 2021 Plan
Closing Price≥ $9.00 on 10 out of 20 trading days75,000 shares 1/3 at date earned, 1/3 after 1 year, 1/3 after 2 years Any 20 consecutive trading days prior to March 1, 2027 Part of Performance Award under 2021 Plan

Grant Date: March 1, 2022 Note: Grant Date Fair Value and Stock Price are not provided.