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 7, 2003
Crown Crafts, Inc.
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(Exact name of registrant as specified in its charger)
Georgia 1-7604 58-0678148
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(State or other jurisdiction of (Commission File Number) IRS Employer
incorporation) Identification Number)
916 South Burnside Avenue, Gonzales, LA 70737
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (225)647-9100
Item 5. Other Events
Crown Crafts, Inc., a Georgia corporation (the "Company"), and
Wynnefield Capital Management, LLC, a Delaware limited liability company
("Wynnefield"), entered into that certain Support Agreement dated as of May 7,
2003 (the "Agreement"), which provides for certain restrictions on the
acquisition, transfer and voting of shares of the capital stock of the Company
by Wynnefield and other persons controlled by Wynnefield who are also
shareholders of the Company (collectively with Wynnefield, the "Wynnefield
Group"). Pursuant to the Agreement, the Wynnefield Group may acquire, in the
aggregate, up to 20% of the outstanding shares of the capital stock of the
Company.
The description contained herein of the Agreement is qualified in its
entirety by reference to the terms of such document, which is attached hereto as
an exhibit and incorporated herein by this reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
10.1 Support Agreement dated as of May 7, 2003 by and
between the Company and Wynnefield Capital Management,
LLC.
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 thereunto duly authorized.
CROWN CRAFTS, INC.
Date: May 9, 2003 /s/ E. Randall Chestnut
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E. Randall Chestnut
President and CEO
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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10.1 Support Agreement dated as of May 7, 2003 by and
between the Company and Wynnefield Capital
Management, LLC.