OTHER INFORMATION
−Removed: On February 10, 2025, the Company and its subsidiaries entered into a letter agreement with CIT to amend the Company's financing agreement with CIT to:
−Removed: (i) waive, with respect to the fiscal year ending March 30, 2025, and through the fiscal year ending March 29, 2026, the Company's obligation to comply with the fixed charge coverage ratio;
−Removed: and (ii) increase the Excess Availability (as defined in the financing agreement) required to be maintained by the Company with respect to its revolving line of credit under the financing agreement from $7,000,000 to $7,500,000, until further notice to the Company by CIT.
−Removed: After such notice, the Excess Availability shall be 50% of the outstanding balance of the Company's term loan under the financing agreement.
−Removed: During the three -month period ended December 29, 2024, none of the Company’s directors or officers informed the Company of the adoption, modification or termination of a “Rule 10 - b5 - 1 trading arrangement” or “non-Rule 10 - b5 - 1 trading arrangement,” as those terms are defined in Item 408 (a) of Regulation S-K.
−Removed: Exhibits required to be filed by Item 601 of Regulation S-K are included as Exhibits to this Quarterly Report are listed below.
+Added: During the three -month period ended June 29, 2025, none of the Company’s directors or officers informed the Company of the adoption, modification or termination of a “Rule 10 - b5 - 1 trading arrangement” or “non-Rule 10 - b5 - 1 trading arrangement,” as those terms are defined in Item 408 (a) of Regulation S-K.
+Added: Exhibits required to be filed by Item 601 of Regulation S-K are included as Exhibits to this Quarterly Report and are listed below.
The agreements included as Exhibits to this Quarterly Report are included to provide information regarding the terms of these agreements and are not intended to provide any other factual or disclosure information about the Company or its subsidiaries, our business or the other parties to these agreements.
7 unchanged sentences
Description of Exhibit
−Removed: Asset Purchase Agreement, dated as of July 19, 2024, between Crown Crafts, Inc., NoJo Baby & Kids, Inc., Baby Boom Consumer Products, Inc., and Elliot Betesh, Michael Betesh and Steven Betesh.
Amended and Restated Certificate of Incorporation of the Company.
1 unchanged sentence
Amended and Restated Bylaws of the Company, effective as of November 14, 2023.
−Removed: Seventeenth Amendment to Financing Agreement, dated July 19, 2024, by and among Crown Crafts, Inc., Sassy Baby, Inc., NoJo Baby & Kids, Inc., Manhattan Toy Europe Limited and The CIT Group/Commercial Services, Inc.
−Removed: Promissory Note, dated July 18, 2024, made by Crown Crafts, Inc., Sassy Baby Inc., NoJo Baby & Kids, Inc.
−Removed: and Manhattan Toy Europe, Limited, in favor of The CIT Group/Commercial Services, Inc.
−Removed: Letter Agreement, dated December 27, 2024, among Crown Crafts, Inc., Sassy Baby, Inc., NoJo Baby & Kids, Inc.
−Removed: and The CIT Group/Commercial Services, Inc.
−Removed: Eighteenth Amendment to Financing Agreement, dated February 10, 2025, by and among Crown Crafts, Inc., Sassy Baby, Inc., NoJo Baby & Kids, Inc.
+Added: Employment Agreement dated as of June 16, 2025 by and between Crown Crafts, Inc.
+Added: and Claire K.
+Added: Nineteenth Amendment to Financing Agreement, dated June 23, 2025, by and among Crown Crafts, Inc., Sassy Baby, Inc., NoJo Baby & Kids, Inc.
and The CIT Group/Commercial Services, Inc.
3 unchanged sentences
Section 1350 Certification by the Company’s Chief Financial Officer.
−Removed: Interactive data files pursuant to Rule 405 of SEC Regulation S-T in connection with the Company’s Form 10-Q for the quarterly period ended December 29, 2024, formatted in iXBRL (Inline eXtensible Business Reporting Language):
+Added: Interactive data files pursuant to Rule 405 of SEC Regulation S-T in connection with the Company’s Form 10-Q for the quarterly period ended June 29, 2025, formatted in iXBRL (Inline eXtensible Business Reporting Language):
(i) Unaudited Condensed Consolidated Balance Sheets;
−Removed: (ii) Unaudited Condensed Consolidated Statements of Income;
+Added: (ii) Unaudited Condensed Consolidated Statements of Operations;
(iii) Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity;
2 unchanged sentences
Cover page Interactive Data File pursuant to Rule 406 of SEC Regulation S-T formatted in iXBRL (Inline eXtensible Business Reporting Language) and contained in Exhibit 101.
−Removed: Certain schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K.
−Removed: The Company agrees to furnish supplementally to the SEC a copy of any omitted schedules upon request;
−Removed: provided, however, that the Company may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
+Added: Management contract or a compensatory plan or arrangement.
Incorporated herein by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 28, 2003.
1 unchanged sentence
Incorporated herein by reference to Exhibit 3.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 1, 2023.
−Removed: Incorporated herein by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed July 22, 2024.
−Removed: Incorporated herein by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K filed July 22, 2024.
−Removed: Incorporated herein by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.
+Added: Incorporated herein by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed June 16, 2025.
+Added: Incorporated herein by reference to Exhibit 10.35 to the Company’s Annual Report on Form 10-K filed June 25, 2025.
Filed herewith.
1 unchanged sentence
CROWN CRAFTS, INC.
−Removed: February 12, 2025
+Added: August 13, 2025
+Added: /s/ Claire K.
Vice President and Chief Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.