CROWN CRAFTS INC
For the period ended Mar 30, 2025. Filed Jun 25, 2025.
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FY2025 · Filed Jun 25, 2025
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Item 9B. Other Information
On* June 23, 2025,the Company and CIT amended the Company’s financing agreement with CIT to: (i) provide that, until the Company’s term loan is paid in full, the Company shall maintain at all times Excess Availability (as defined in the financing agreement) equal to or the greater of (a) the sum of the balance outstanding under the Company’s term loan plus$1,000,000* or (b)$4,000,000 (the “Availability Covenant”); and (ii) reinstate the fixed charge coverage ratio; provided however, that the fixed charge coverage ratio shallnot be tested at any fiscal quarter end in which, during the immediately preceding fiscal quarter, the Company at all times has been in compliance with the Availability Covenant.
During the quarter ended* March 30, 2025,none of the Company’s directors or officers informed the Company of the adoption, modification or termination of a “Rule10b5*-1 trading arrangement” or “non-Rule10b5-1 trading arrangement,” as those terms are defined in Item408(a) of Regulation S-K.
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