Crimson Wine Group, Ltd. Announces Resignation of Kimberly Benson as Interim Principal Accounting Officer, Effective on November 10, 2023
October 11, 2023 at 04:06 pm EDT
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On October 4, 2023, Kimberly Benson, interim principal accounting officer of Crimson Wine Group, Ltd. notified the Company that she is resigning from her position in order to pursue another business opportunity. Ms. Benson?s resignation will be effective as of November 10, 2023, which the Company expects to be after the completion of the filing of the Company?s Quarterly Report on Form 10-Q for the three months ended September 30, 2023. Ms. Benson?s resignation is not as a result of any disagreement with the Company on any matters.
The Company will continue to conduct its ongoing search for a permanent Chief Financial Officer.
Crimson Wine Group, Ltd. owns and operates a collection of luxury wine brands from seven estate-based, boutique wineries located in the finest wine-growing regions of California, Oregon and Washington. It has two segments: Wholesale and Direct to Consumer. Wholesale segment includes sales through a third party where prices are given at a wholesale rate. Direct to Consumer segment includes retail sales in the tasting room, remote sites and on-site events, wine club net sales, direct phone sales, and other sales made directly to the consumer without the use of an intermediary. It, through its wholly owned subsidiaries, owns seven primary wine estates and brands: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery and Malene Wines. Chamisal Vineyards owns 92 acres of vineyards in the Edna Valley, California, of which 52 acres are planted. Archery Summit owns 92 acres of estate vineyards in the Willamette Valley, Oregon.
CRIMSON WINE GROUP, LTD. 
