UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 31, 2023

CRAWFORD & COMPANY

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code:           (404) 300-1000                                                                                      

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities Registered Pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01. Other Events.

On July 31, 2023, Crawford & Company (the “Company”) issued a press release announcing that its Board of Directors authorized the Company to restart its current share repurchase program and extend the program’s termination date to December 31, 2024. Under the share repurchase program initially established by the Board on November 4, 2021, and added to on February 10, 2022, the Company was authorized to repurchase up to an aggregate of seven million shares of its common stock. As of July 28, 2023, there were 1,793,371 shares of common stock remaining unexercised under the share repurchase program. Additionally, on July 28, 2023, the Board of Directors authorized an increase in the quarterly cash dividend from $0.06 to $0.07 per share for both the Class A and Class B common stock, payable on September 1, 2023, to shareholders of record as of August 18, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is filed with this Report:

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.

Date: July 31, 2023

Exhibit 99.1

Crawford & Company® 5335 Triangle Parkway NW Peachtree Corners, GA 30092

CRAWFORD & COMPANY® DECLARES INCREASED QUARTERLY DIVIDENDS AND AUTHORIZES SHARE REPURCHASE

ATLANTA (July 31, 2023) On July 28, 2023, at its regular quarterly meeting, the Board of Directors of Crawford & Company® declared an increased quarterly dividend from $0.06 per share to $0.07 per share on both the Class A and Class B Common Stock, payable on September 1, 2023, to shareholders of record as of the close of business on August 18, 2023.

The Board also authorized the Company to restart its share repurchase program and extend the program’s termination date to December 31, 2024. The Board previously authorized a repurchase program in 2021 and there are 1,793,371 shares remaining to be purchased.

Under this repurchase program, repurchases may be made in the open market or privately negotiated transactions, at such times and for such prices as management deems appropriate, subject to applicable regulatory guidelines. The new authorization does not obligate Crawford to acquire any stock, and purchases may be commenced or suspended at any time based on market conditions and other factors that the Company deems appropriate.

“Through our commitment to driving shareholder value, we are pleased with our Board’s authorization to increase quarterly dividends for all shareholders and resume our repurchase program through 2024,” said Chief Executive Officer Rohit Verma.

For further information regarding this press release, please call Bruce Swain at (404) 300-1051.

Crawford & Company® 5335 Triangle Parkway NW Peachtree Corners, GA 30092

About Crawford^®

Based in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is a leading global provider of claims management and outsourcing solutions to insurance companies and self-insured entities with an expansive network serving clients in more than 70 countries. The Company’s two classes of stock are substantially identical, except with respect to voting rights for the Class B Common Stock (CRD-B) and protections for the non-voting Class A Common Stock (CRD-A). More information is available at www.crawco.com.

Tag: Crawford-Investor-News-and-Events, Crawford-Financial

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Media Contacts: mediarelations@us.crawco.com