Company: CRAWFORD & CO
Form Type: 8-K
Filing Date: 2025-06-30
Type: New
Accession Number: 000110465925064151
Filing Summary: On May 20, 2025, Larry C. Thomas, the global president of Platform Solutions of Crawford & Company, announced his plans to retire at the end of the year during the Contractor Connection RESTORE Conference. Mr. Thomas, who has been with the Company since 1983, played a pivotal role in the development of Contractor Connection, making it one of the Company’s most successful businesses. His leadership in this segment has significantly shaped the Company’s trajectory in the industry.
Additional details:
Date Of Report: 2025-05-20
Address: 5335 Triangle Parkway, Peachtree Corners, Georgia 30092
Employer Identification Number: 58-0506554
Telephone Number: (404) 300-1000
Title Of Each Class: Class A Common Stock
Trading Symbols: CRD-A
Exchange Name: New York Stock Exchange, Inc.
Title Of Each Class B: Class B Common Stock
Trading Symbols B: CRD-B
Exchange Name B: New York Stock Exchange, Inc.
Name Of Signatory: Tami E. Stevenson
Signatory Title: SVP, General Counsel and Corporate Secretary
Signatory Date: 2025-06-30
Form Type: 8-K
Filing Date: 2025-06-11
Type: New
Accession Number: 000110465925058404
Filing Summary: On June 6, 2025, Crawford & Company's Board of Directors appointed Amy T. Shore as an independent director. Ms. Shore has extensive experience in the P&C industry with Nationwide Insurance, where she held several executive positions. Her term will expire at the 2026 Annual Meeting of Shareholders, and she will be eligible for re-election. Ms. Shore will serve on the Compensation and Human Capital Committee and the Governance Committee. Her compensation will be standard for non-employee directors and adjusted for her partial term in 2025. A press release regarding this appointment was issued on June 11, 2025 and is included as Exhibit 99.1 of the filing.
Additional details:
Director Name: Amy T. Shore
Appointment Date: 2025-06-06
Term Expiration Date: 2026-Annual-Meeting
Board Committee 1: Compensation and Human Capital Committee
Board Committee 2: Governance Committee
Press Release Date: 2025-06-11
Form Type: S-8
Filing Date: 2025-05-21
Type: New
Accession Number: 000110465925051539
Filing Summary: Crawford & Company filed a Form S-8 registration statement to register an additional 1,000,000 shares of Class A Common Stock under its 2016 Employee Stock Purchase Plan, as amended and restated on May 8, 2025. This filing allows the company to offer these shares to employees as part of its stock purchase plan. The filing includes references to previously filed documents with the SEC, including the company's 10-K and 10-Q reports, and describes the plan participants' rights. Key individuals associated with the filing include Tami E. Stevenson, the Senior Vice President, General Counsel, and Corporate Secretary, who is also responsible for the legal aspects of the shares being offered. The document outlines the company’s compliance with SEC rules and provides legal indemnifications for directors and officers. Thus, this action does not involve corporate actions such as mergers or acquisitions but focuses on employee stock benefits.
Additional details:
Shares Registered: 1000000
Stock Type: Class A Common Stock
Plan Name: Crawford & Company 2016 Employee Stock Purchase Plan
Amendment Date: 2025-05-08
Form Type: 8-K
Filing Date: 2025-05-13
Type: New
Accession Number: 000110465925047739
Filing Summary: Crawford & Company held its 2025 Annual Meeting of Shareholders on May 8, 2025, with 18,476,813 shares represented, which is 96.51% of the shares entitled to vote. The meeting included the election of directors, with all nominees elected for the next term. The voting results for the nominees showed significant support, particularly for Inga K. Beale and Cameron M. Bready. Additionally, shareholders approved an amendment to the Employee Stock Purchase Plan allowing for 1,000,000 more shares of Class A Common Stock to be issued. The advisory vote on executive compensation for 2024 was also approved, alongside the ratification of KPMG, LLP as the independent public accountants for the 2025 fiscal year.
Additional details:
Annual Meeting Date: 2025-05-08
Total Class B Shares Entitled To Vote: 19144928
Shares Represented By Valid Proxies: 18476813
Percentage Of Shares Represented: 96.51%
Directors Elected: Inga K. Beale, Cameron M. Bready, Jesse C. Crawford, Sr., Jesse C. Crawford, Jr., Fred R. Donner, Lisa G. Hannusch, Joel T. Murphy, Rahul Patel, Rohit Verma
Employee Stock Purchase Plan Amendment Approved: true
Additional Class A Shares Authorized: 1000000
Executive Compensation Advisory Vote Approved: true
Independent Accountants Ratified: KPMG, LLP
Form Type: 10-Q
Filing Date: 2025-05-05
Type: New
Accession Number: 000095017025063584
Filing Summary: Crawford & Company reported a net income of $6,740,000 for the three months ended March 31, 2025, compared to $2,779,000 in the same period of 2024. Total revenues increased to $323,339,000, up from $313,073,000 year-over-year. Costs of services provided were also higher at $233,200,000, compared to $225,808,000 the previous year. The company recorded selling, general, and administrative expenses of $74,587,000. The shareholders' equity rose, and the balance sheet indicated total assets of $792,259,000, slightly down from $803,755,000 at year-end 2024. Cash and cash equivalents at the end of the quarter were $58,021,000. Notably, the company's stock is traded under the symbols CRD-A and CRD-B on the NYSE. The document includes comprehensive financial data and statements that are unaudited, adhering to GAAP standards for interim financial reporting.
Additional details:
Shares Outstanding Class A: 30,308,751
Shares Outstanding Class B: 19,144,928
Total Assets: 792,259,000
Net Income: 6,740,000
Total Revenues: 323,339,000
Cost Of Services: 233,200,000
Selling General Admin Expenses: 74,587,000
Cash And Equivalents End Period: 58,021,000
Form Type: 8-K
Filing Date: 2025-05-05
Type: New
Accession Number: 000095017025063574
Filing Summary: On May 5, 2025, Crawford & Company issued a press release with financial results for the first quarter of 2025. The press release provides insights into the company's performance during this period. Additionally, the company has made a presentation available on its website, which is intended to supplement the information to be shared during its quarterly earnings conference call scheduled for May 6, 2025, at 8:30 a.m. Eastern Time. The document includes details about the exhibits filed, including the press release and slide presentation, indicating that the information is not intended for incorporation by reference into any other filings.
Additional details:
Item 2 02 Financial Results: Press release dated May 5, 2025
Item 7 01 Regulation Fd Disclosure: Presentation available on website for quarterly earnings call on May 6, 2025
Item 9 01 Exhibits: [{"exhibit_no":"99.1","description":"Press Release dated May 5, 2025"},{"exhibit_no":"99.2","description":"Slide Presentation"},{"exhibit_no":"104","description":"Cover Page Interactive Data File"}]
Form Type: SCHEDULE 13G
Filing Date: 2025-04-30
Type: New
Accession Number: 000093247125000505
Filing Summary: Crawford & Co filed a Schedule 13G on April 30, 2025, indicating that The Vanguard Group holds shares in the company. The filing states that Vanguard's clients have the right to receive dividends and proceeds from sales of the reported securities. It emphasizes that the securities were acquired and are held in the ordinary course of business without the intent to influence the control of the issuer. The filing confirms that no person has more than a 5% interest in the securities noted, and the individual certifying the information is Ashley Grim, Head of Global Fund Administration at The Vanguard Group.
Additional details:
Name Of Investor: The Vanguard Group
Address Of Investor: 100 Vanguard Blvd., Malvern, PA 19355
Owner Of Securities: Crawford & Co
Address Of Company: 5335 Triangle Parkway Northwest, Peachtree Corners, GA, 30092
Percentage Interest: 0
Number Of Securities: 955981
Number Of Securities Class: 2188
Number Of Ownership Vanguard Investor: 958169
Form Type: 8-K
Filing Date: 2025-03-04
Type: New
Accession Number: 000110465925020315
Filing Summary: On March 4, 2025, Crawford & Company filed a Form 8-K to report changes in its certifying accountant. The report indicates that KPMG LPP has been engaged as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Ernst & Young LLP's engagement ended on March 3, 2025, having completed the audit for the fiscal year 2024. EY's opinions on earlier financial statements contained no adverse opinions and there were no disagreements or reportable events during their engagement. The company's report includes a letter from EY confirming these details, filed as Exhibit 16.1 with the SEC.
Additional details:
Registrant Name: CRAWFORD & COMPANY
State Of Incorporation: Georgia
Commission File Number: 1-10356
Irs Employer Identification No: 58-0506554
Address: 5335 Triangle Parkway, Peachtree Corners, Georgia 30092
Telephone Number: (404) 300-1000
Previous Accounting Firm: Ernst & Young LLP
New Accounting Firm: KPMG LPP
Termination Date Of Previous Firm: 2025-03-03
Effective Date Of New Firm: 2025-03-04
Letter Date: 2025-03-04
Form Type: 10-K
Filing Date: 2025-03-03
Type: New
Accession Number: 000095017025030894
Filing Summary: The document provides an overview of Crawford & Co.'s financial performance, including comprehensive details on assets, liabilities, equity, and cash flow. It mentions the review of operating segments and financial results over the year, culminating on December 31, 2023. The report includes insights into revenue performance trends, segment results, and operational challenges, alongside management's strategies for future growth. Key financial metrics, such as cash reserves and investments, are highlighted, though no significant corporate actions like mergers or acquisitions are reported. There’s a detailed commentary on market conditions and competitive landscape affecting the business operations, as well as risk factors in the current economic climate.
Additional details:
Cik: 000025475
Fiscal Year End Date: 2023-12-31
Total Assets: unknown
Total Liabilities: unknown
Operating Revenue: unknown
Net Income: unknown
Form Type: 8-K
Filing Date: 2025-03-03
Type: New
Accession Number: 000095017025030892
Filing Summary: On March 3, 2025, Crawford & Company issued a press release regarding its financial results for the fourth quarter of 2024. Additionally, a presentation was made available on the company's website to support the information for its quarterly earnings conference call scheduled for March 4, 2025, at 8:30 a.m. Eastern Time. The filing includes two exhibits: Exhibit 99.1, the press release, and Exhibit 99.2, the slide presentation. The report clarifies that the provided information is not to be considered 'filed' for purposes of the Securities Exchange Act of 1934 and will not be incorporated by reference in other SEC filings unless explicitly stated.
Additional details:
Item Name: quarterly_earnings_call_date
Item Value: 2025-03-04
Item Name: press_release_date
Item Value: 2025-03-03
Form Type: 8-K
Filing Date: 2024-12-12
Type: Update
Accession Number: 000110465924128024
Filing Summary: Crawford & Company has announced the selection of KPMG LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2025, following a competitive evaluation process. Ernst & Young, LLP will continue as the firm for the year ending December 31, 2024. There have been no disagreements with EY on accounting practices or audit scope, and no reportable events were noted, aside from previously disclosed material weaknesses in internal controls over financial reporting. A letter from EY dated December 12, 2024, confirming these statements is included as an exhibit to this filing.
Additional details:
Previous Public Accounting Firm: Ernst & Young, LLP
New Public Accounting Firm: KPMG LLP
Fiscal Year Ending: 2025
Comments
No comments yet. Be the first to comment!