Every 8-K that Corgi CRDO 2x Daily ETF (CRD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CRD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRD filings page.
Crawford & Company entered into a Stock Purchase and Sale Agreement on August 10, 2026 with majority shareholder Jesse C. Crawford to repurchase 1,000,000 Class A common shares. The shares were bought at a price equal to 97% of the official closing price of the Class A stock on the New York Stock Exchange immediately before execution of the agreement, for an aggregate purchase price of approximately $12,813,700.
The transaction was treated as a related party transaction, reviewed and approved by the Audit Committee under the company’s related party transaction policy, and separately approved by the Board of Directors, which concluded the 3% discount was fair to the company and its shareholders. After closing, the company will have 28,686,832 Class A shares and 18,904,905 Class B shares outstanding.
Crawford & Company reported second quarter 2026 results with largely stable revenue and sharply higher earnings. Revenues before reimbursements were $321.4 million, slightly below $323.0 million a year earlier, while net income attributable to shareholders rose to $13.4 million from $7.8 million. Diluted EPS was $0.27 for CRD-A and $0.28 for CRD-B, up from $0.16 for both classes.
On a non-GAAP basis, net income was $18.8 million with diluted EPS of $0.38 for both share classes, up from $11.2 million and $0.22. Consolidated adjusted operating earnings were $29.4 million versus $22.0 million, and adjusted EBITDA was $37.6 million versus $31.4 million. International Operations and Broadspire delivered higher revenue and margins, while U.S. Property & Casualty revenue declined 10.2% with slightly lower operating earnings.
For the first six months of 2026, operations generated $23.1 million of cash, and free cash flow increased to $7.9 million from $2.6 million. Cash and cash equivalents were $69.4 million and total debt $198.1 million, implying net debt of $128.7 million and a leverage ratio of 1.45x EBITDA. The board approved raising the quarterly dividend to $0.08 per share and the company repurchased 763,577 CRD-A shares at an average $10.52 and 97,940 CRD-B shares at $10.24.
Crawford & Company reported the results of its 2026 Annual Meeting of Shareholders held on May 14, 2026. A total of 18,982,758 shares of Class B common stock were entitled to vote, and 18,358,014 shares were represented in person or by proxy, reflecting 96.71% participation.
Shareholders voted on the election of director nominees and two additional matters. Each director nominee received substantially more votes "for" than "withheld," with broker non-votes reported for each director item. One proposal received 15,953,544 votes for and 2,063,751 against, while another received 18,343,591 votes for and 14,431 against, with minimal abstentions.
Crawford & Company reported softer results for the first quarter ended March 31, 2026. Revenues before reimbursements edged down (1)% to $309.5 million, while net income attributable to shareholders declined to $4.9 million, or $0.10 diluted EPS for both share classes, from $6.7 million or $0.13.
On a non-GAAP basis, adjusted EBITDA fell to $22.4 million from $26.8 million and non-GAAP diluted EPS decreased to $0.16 from $0.21. U.S. Property & Casualty revenue dropped 11.3% on lower weather-related claims, Broadspire revenue rose 1.0%, and International Operations revenue increased 4.5% with margin improvement.
Operating cash flow improved to $3.3 million from a use of $13.9 million a year earlier, and free cash flow was negative $4.6 million versus negative $23.2 million. The company repurchased 468,314 Class A and 59,555 Class B shares and modestly reduced cash while total debt increased slightly to $194.1 million.
Crawford & Company has realigned its management structure and updated its reportable segments to U.S. Property & Casualty, Broadspire, and International Operations. Historical results for 2024 and 2025 have been recast to this new structure.
Under the revised presentation, revenues before reimbursements for 2025 were $1,265,721 thousand with net income attributable to shareholders of $19,634 thousand, compared with 2024 revenues before reimbursements of $1,292,510 thousand and net income attributable to shareholders of $26,596 thousand. The company states these changes do not affect previously reported consolidated income statements, balance sheets, or cash flows.
Crawford & Company has appointed W. Bruce Swain Jr., age 62, as its president and chief executive officer, effective immediately. Swain had been serving as interim president and CEO since January 1, 2026, and previously spent 19 years as executive vice president and chief financial officer after joining the company in 1991.
The filing notes there are no family relationships or related-party transactions involving Swain, and his compensation terms remain as previously disclosed when he became interim CEO. The company also announces that long-time director Jesse C. Crawford Sr. will not stand for reelection at the May 14, 2026 annual shareholder meeting and will instead become an honorary board member and emeritus officer in recognition of roughly four decades of service.
Crawford & Company is reorganizing how it runs its business worldwide. The company announced a new global operating structure that will be effective January 1, 2026. Under this structure, Crawford will be managed through two main operating divisions: U.S. Operations and International Operations.
The change is intended to realign the organization around its domestic and overseas activities and is described in more detail in a press release issued on January 21, 2026. That press release is included as Exhibit 99.1 to this report.
Crawford & Company entered into a new Executive Employment Agreement with Michael J. Hoberman in connection with his promotion to CEO – US Operations, effective January 1, 2026. The agreement sets an annual base salary of $475,000 starting January 1, 2026.
For 2026, Hoberman is eligible for an annual bonus under the Short Term Incentive Plan with a target payout of 57.5% of base salary, plus Long Term Incentive Plan awards targeted at $550,000. He is also entitled to a sales incentive payment equal to 0.5% of quarterly billed US service fees for the first 24 months of each sale. The full terms are contained in the employment agreement filed as an exhibit.
Crawford & Company entered into a Third Amendment to its existing credit agreement, increasing its revolving credit facility to $500.0 million and updating the group of borrowers. The facility includes a letter of credit sub-commitment of $125.0 million, with sublimits of $250.0 million for the U.K. borrower, $125.0 million for the Canadian borrower, and $75.0 million for the Australian borrower.
The amended credit facility now matures on December 2, 2030 and is guaranteed by material domestic subsidiaries and certain foreign subsidiaries, with a first-priority lien on substantially all of their personal property and on 100% of the capital stock of the foreign borrowers. Key financial covenants require a maximum consolidated leverage ratio of 4.50 to 1.00 and a minimum consolidated interest coverage ratio of 2.50 to 1.00, with failure to comply allowing lenders to accelerate repayment.
Crawford & Company announced that President and Chief Executive Officer Rohit Verma will resign from his roles, including his board seat, effective December 31, 2025. The company states his decision is not due to any disagreement with the company and that there is no new separation, severance, or consulting arrangement beyond what was previously disclosed in its most recent proxy statement.
Effective January 1, 2026, long-time executive William Bruce Swain, Jr., currently Executive Vice President – Chief Financial Officer, will become Interim President and Chief Executive Officer and will join the board. On the same date, Holly B. Boudreau, now Senior Vice President – Tax, Treasury and Finance Transformation, will become Executive Vice President – Chief Financial Officer. Each has entered into an executive employment agreement reflecting the new roles, and the company has issued a press release detailing these leadership changes.
Crawford & Company announced it has released its third-quarter 2025 financial results via a press release and furnished materials related to its quarterly update. The company posted the press release as Exhibit 99.1.
The company also made a slide presentation available on its investor website to accompany its quarterly earnings conference call scheduled for November 4, 2025 at 8:30 a.m. Eastern Time; the presentation is furnished as Exhibit 99.2.
Crawford & Company announced that its Board authorized an increase of its share repurchase program by an additional two million shares and extended the program’s termination date to December 31, 2027. The program was originally approved on November 4, 2021 and augmented on February 10, 2022 for up to an aggregate of seven million shares.
The company also approved a quarterly cash dividend of $0.075 per share for both Class A and Class B common stock, payable on December 5, 2025 to shareholders of record as of November 19, 2025. As of October 30, 2025, 634,920 shares remained unexercised under the existing repurchase authorization.