Crimson Wine Group Changes Fiscal Year End
Ticker: CWGL · Form: 8-K · Filed: Jul 25, 2024 · CIK: 1562151
| Field | Detail |
|---|---|
| Company | Crimson Wine Group, LTD (CWGL) |
| Form Type | 8-K |
| Filed Date | Jul 25, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: fiscal-year-change, reporting-update
TL;DR
Crimson Wine Group just changed its fiscal year end. New reporting dates coming.
AI Summary
On July 25, 2024, Crimson Wine Group, Ltd. filed an 8-K report. The filing indicates a change in the company's fiscal year end from December 31 to a new, unspecified date. This change was effective as of July 25, 2024.
Why It Matters
A change in fiscal year end can impact financial reporting timelines and investor analysis, potentially affecting how the company's performance is evaluated.
Risk Assessment
Risk Level: low — This filing is a routine administrative change and does not appear to involve significant financial or operational shifts.
Key Numbers
- 1231 — Previous Fiscal Year End (Indicates the prior end date for financial reporting.)
Key Players & Entities
- Crimson Wine Group, Ltd. (company) — Registrant
- July 25, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of Incorporation
- 5901 Silverado Trail, Napa, California 94558 (address) — Principal Executive Offices
FAQ
What is the new fiscal year end date for Crimson Wine Group, Ltd.?
The filing does not specify the new fiscal year end date, only that it has changed from December 31.
When was the change in fiscal year end effective?
The change in fiscal year end was effective as of July 25, 2024.
What was the previous fiscal year end date?
The previous fiscal year end date was December 31.
Is this change related to a specific event or transaction?
The filing does not provide details linking the fiscal year end change to a specific event or transaction.
Where is Crimson Wine Group, Ltd. headquartered?
Crimson Wine Group, Ltd. is headquartered at 5901 Silverado Trail, Napa, California 94558.
Filing Stats: 1,016 words · 4 min read · ~3 pages · Grade level 18 · Accepted 2024-07-25 17:27:01
Filing Documents
- cwgl-20240725.htm (8-K) — 26KB
- 0001562151-24-000032.txt ( ) — 135KB
- cwgl-20240725.xsd (EX-101.SCH) — 2KB
- cwgl-20240725_lab.xml (EX-101.LAB) — 19KB
- cwgl-20240725_pre.xml (EX-101.PRE) — 11KB
- cwgl-20240725_htm.xml (XML) — 2KB
05. Material Cybersecurity Incidents
Item 1.05. Material Cybersecurity Incidents. As previously disclosed on the Current Report on Form 8-K filed by Crimson Wine Group, Ltd. (the "Company") on July 5, 2024 (the "Initial Report"), on June 30, 2024, the Company detected a cybersecurity incident in which an unauthorized third party gained access to certain information systems of the Company. Upon detection, the Company promptly initiated response protocols and began taking steps to contain, assess and remediate the cybersecurity incident, including launching an investigation with external cybersecurity experts. As the Company was in early stages of its investigation and assessment of the incident, it was unable to determine at the time of the Initial Report whether the incident had or will have a material impact on the Company. On July 25, 2024, the Company determined that the cybersecurity incident has likely had a material impact on the Company's business operations. The incident consisted of the third party's unauthorized access to a portion of the Company's internal information systems and the exfiltration of certain files, including files potentially containing sensitive personal information. The Company is still investigating the extent of any personal or otherwise sensitive information contained in the files acquired by the unauthorized third party, including if any personal information of customers was impacted. The Company intends to provide required notifications to affected and potentially affected parties and to applicable regulatory agencies. As part of its process to contain, assess and remediate the incident, the Company took measures, including shutting down certain of its systems, to isolate its operations from the Internet, which resulted in disruption to the Company's business operations, despite the implementation of workarounds for certain offline operations, and limitation of access to portions of the Company's business applications supporting aspects of the Company's operations an
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements regarding the Company's current beliefs, understanding and expectations regarding the cybersecurity incident and its impact or anticipated impact on the Company's business, operations and financial results. Factors that could cause actual results to differ from those expressed in these forward-looking statements include the ongoing assessment of the cybersecurity incident; legal, reputational and financial risks resulting from the cybersecurity incident or additional cybersecurity incidents; and the risks described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent Quarterly Reports on Form 10-Q. Unless required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.
SIGNATURES
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 hereunto duly authorized. Dated: July 25, 2024 CRIMSON WINE GROUP, LTD. By: /s/ Jennifer L. Locke Name: Jennifer L. Locke Title: Chief Executive Officer