CWGL 8-K
Crimson Wine Group, Ltd (CWGL)
8-K
2021-07-07
For: 2021-06-30
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Added on
April 06, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 30, 2021
(Exact Name of Registrant as Specified in Charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Securities registered pursuant to Section 12(b) of the Act: None. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||||||||||||||
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 30, 2021, the Board of Directors (the “Board”) of Crimson Wine Group, Ltd. (the “Company”) approved stock option awards under the Crimson Wine Group, Ltd. 2013 Omnibus Incentive Plan to the Company’s named executive officers as follows: (i) Jennifer L. Locke, Chief Executive Officer, options to purchase 66,000 shares of the common stock of the Company (“Common Stock”), (ii) Karen L. Diepholz, Chief Financial Officer, options to purchase 49,000 shares of Common Stock, and (iii) Nicolas M.E. Quillé, Chief Winemaking and Operations Officer, options to purchase 49,000 shares of Common Stock.
Subject to the terms of the respective option award agreements, the options will vest in four equal increments on each of January 4, 2022, January 4, 2023, January 4, 2024 and January 4, 2025, and the options will expire seven years from the date of grant. The exercise price for the options will be the closing price on the date of grant.
The foregoing description of the option awards is not complete and is qualified in its entirety by reference to the full text of the form of option award agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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| 104 | Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document). | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 7, 2021
CRIMSON WINE GROUP, LTD.
By: /s/ Karen L. Diepholz
Name: Karen L. Diepholz
Title: Chief Financial Officer