Crimson Wine Group moves a June 2024 incident into Item 1.05 after finding material operational impact

Crimson Wine Group, a California and Oregon wine producer, first reported on July 5, 2024 that an unauthorized party had entered its systems on June 30. Twenty days later it filed again under Item 1.05, having determined on July 25 that the incident had likely had a material impact on its business operations.

Item 8.01 report, July 5

Crimson said it was in the early stages of investigation and could not yet judge materiality.

Item 1.05 report, July 25

The later filing records the date of the materiality decision. It said files had been taken, possibly including sensitive personal information, and that systems had been shut down and isolated from the internet. Crimson drew a line between operations and finances: it did not expect a material effect on overall financial condition and believed insurance would offset a substantial share of costs.

What this shows

The two filings follow the sequence SEC staff set out in a May 2024 statement: an Item 8.01 report first, then an Item 1.05 report once the company decides the incident is material. Crimson's filings do not say whether customer data was among the files taken.