Crawford & Co. Announces Executive and Director Changes
Ticker: CRD-B · Form: 8-K · Filed: Nov 21, 2025 · CIK: 25475
Sentiment: neutral
Topics: executive-changes, board-changes, compensation
TL;DR
Crawford & Co. shakes up leadership, new execs and directors in, some out.
AI Summary
Crawford & Company announced on November 19, 2025, changes in its executive and director roles. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in executive and director leadership can signal shifts in company strategy, operational focus, or financial direction, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and director changes can introduce uncertainty regarding future strategy and stability.
Key Players & Entities
- Crawford & Company (company) — Registrant
- Georgia (location) — State of incorporation
- Peachtree Corners (location) — City of principal executive offices
FAQ
What specific roles have been affected by the executive and director changes?
The filing indicates changes related to the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for certain officers, though specific names and roles are detailed within the full report.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on November 19, 2025.
What is Crawford & Company's state of incorporation and fiscal year end?
Crawford & Company is incorporated in Georgia and its fiscal year ends on December 31.
What is the principal executive office address for Crawford & Company?
The principal executive offices are located at 5335 Triangle Parkway, Peachtree Corners, Georgia 30092.
What are the main items reported in this Form 8-K?
This Form 8-K reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 1,129 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2025-11-21 08:00:43
Key Financial Figures
- $1.00 — ich registered Class A Common Stock — $1.00 Par Value CRD-A New York Stock Exchan
- $805,000 — ng compensation: Annual base salary of $805,000, starting January 1, 2026; Annual Bon
- $750,000 — an ("LTIP") awards, at target, equal to $750,000 for 2026. The foregoing description o
- $425,000 — ng compensation: Annual base salary of $425,000, starting January 1, 2026; Annual Bon
- $500,000 — 026; LTIP awards, at target, equal to $500,000 for 2026. The foregoing description o
Filing Documents
- tm2531876d1_8k.htm (8-K) — 37KB
- tm2531876d1_ex10-1.htm (EX-10.1) — 83KB
- tm2531876d1_ex10-2.htm (EX-10.2) — 109KB
- tm2531876d1_ex99-1.htm (EX-99.1) — 13KB
- tm2531876d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- tm2531876d1_ex99-1img002.jpg (GRAPHIC) — 3KB
- 0001104659-25-114794.txt ( ) — 507KB
- crda-20251119.xsd (EX-101.SCH) — 3KB
- crda-20251119_def.xml (EX-101.DEF) — 26KB
- crda-20251119_lab.xml (EX-101.LAB) — 36KB
- crda-20251119_pre.xml (EX-101.PRE) — 25KB
- tm2531876d1_8k_htm.xml (XML) — 5KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 19, 2025, Rohit Verma, President and Chief Executive Officer of Crawford & Company (the "Company"), informed the board of directors (the "Board") of the Company that he will resign from his positions as President and Chief Executive Officer and as a member of the Board of the Company effective December 31, 2025. Mr. Verma has served as a valuable member of the Board since May 15, 2020, and his decision to resign is not due to any disagreement (as described in Item 5.02(a) of Form 8-K) with the Company. There is no separation agreement, continued vesting, severance, consulting arrangement, or other material compensatory arrangement with Mr. Verma other than arrangements previously disclosed in the Company's executive compensation disclosure in its most recent proxy statement. The Company thanks Mr. Verma for his years of service to the Company. In connection with Mr. Verma's resignation, the Board, on November 19, 2025, appointed William Bruce Swain, Jr., age 62, to the positions of Interim President and Chief Executive Officer of the Company, effective January 1, 2026. Mr. Swain will also become a Director of the Company effective January 1, 2026. Mr. Swain, who has been with the Company since May of 1991, is currently the Company's Executive Vice President – Chief Financial Officer, a position he has held since October 6, 2006. In connection with Mr. Swain's appointment as Interim President and Chief Executive Officer, the Company entered into an Executive Employment Agreement, dated as of November 20, 2025 (the "Swain Employment Agreement"), with Mr. Swain to reflect his new position. Under the Swain Employment Agreement, Mr. Swain will be entitled to the following compensation: Annual base salary of $805,000, starting January 1, 2026; Annual Bonus under the Short-Term Incentive Plan ("STIP
Financial Statements and Exhibits
Financial Statements and Exhibits . (a) Exhibits. The following exhibit are filed with this Report: Exhibit No. Description 10.1 Terms of Executive Employment Agreement between William Bruce Swain, Jr. and the Company, dated as of November 20, 2025. 10.2 Terms of Executive Employment Agreement between Holly B. Boudreau and the Company, dated as of November 19, 2025. 99.1 Press Release dated November 21, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) - 3 -
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. CRAWFORD & COMPANY By: /s/ Tami E. Stevenson Name: Tami E. Stevenson Title: SVP, General Counsel and Corporate Secretary Date: November 21, 2025 - 4 -