Crown Crafts, Inc. announced that it will reduce its size from seven directors to five, effective following the Company's Annual Meeting of Shareholders on August 13, 2013. As a result, Chairman, President and Chief Executive Officer E. Randall Chestnut will be the only director nominated for re-election to the Board at the Annual Meeting. Directors Jon C. Biro and Melvin L. Keating, whose terms expire at the Annual Meeting, will not be standing for re-election.
Both have served on the Crown Crafts Board since 2010.
Crown Crafts, Inc. designs, markets, and distributes infant, toddler and juvenile consumer products. It operates through its four subsidiaries, NoJo Baby & Kids, Inc., Sassy Baby, Inc., Manhattan Group, LLC, and Manhattan Toy Europe Limited in the infant, toddler and juvenile products segment. Its infant, toddler and juvenile products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products, developmental toys and accessories. Its primary focus is on infant, toddler, and juvenile products, including infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and washcloths, reusable and disposable placemats and floor mats, disposable toilet seat covers and changing mats, developmental toys, feeding and care goods and other infant, toddler and juvenile soft goods. It serves mass merchants, restaurants, and chain stores, among others.