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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): May 1, 2000
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Crown Crafts, Inc.
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(Exact name of registrant as specified in its charter)
Georgia 1-7604 58-0678148
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
1600 RiverEdge Parkway, Suite 200, Atlanta, Georgia 30328
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 644-6400
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Item 5. Other Events.
On May 1, 2000, the Company eliminated 147 positions in order to
streamline operations and reduce costs. The annualized reduction in payroll and
benefits costs will exceed $6 million. The staff reductions occurred in 17
locations and involved all levels in the organization.
Also as of May 1, two officers of the Company have resigned. Joseph L.
Mattera, Senior Vice President and President of the Company's Crown Crafts Home
Furnishings, Inc. subsidiary, has resigned to pursue other interests. Roger D.
Chittum has resigned as Senior Vice President, Law and Administration and as a
Director. Mr. Chittum will continue as an employee and Secretary of the Company
through approximately the end of the summer.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CROWN CRAFTS, INC.
By: /s/ John A. Magee
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Name: John A. Magee
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Title: Acting President
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Dated: May 3, 2000
