CHARLES & COLVARD LTD

Overview

• IndustryJewelry, Silverware & Plated Ware¹
• HeadquartersRaleigh, North Carolina¹
• Incorporated inNC²
• Business address6325 Falls Of Neuse Rd., Ste 35-108, Raleigh, Nc 27615²
• Filer categoryNon-accelerated filer, Smaller reporting company²
• Legal formCorporation

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Company’s defenses. Through investigation, we confirmed that this event was related to an apparent ransomware attack involving the unauthorized encryption of some Company files and the deployment of malware.⁴ From its latest annual report

Corporate structure

CHARLES & COLVARD LTD sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CHARLES & COLVARD LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

We currently lease approximately 36,350 square feet of office, retail, storage, and light manufacturing space in Research Triangle Park, North Carolina, from an unaffiliated third-party that is used by both of our current operating and reportable business segments.

The majority of all U.S. personnel, including our executive offices, sales offices, and administrative personnel, as well as our production and distribution facilities are housed in our current leased space.

Item 2 of the 10-K filed Apr 3, 2025.⁴

Leadership

Who has led CHARLES & COLVARD LTD, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerDon O'Connell Jun 1, 2020 to now¹³
• Chief executive officerH. Marvin Beasley Mar 18, 2015 to Mar 27, 2015¹⁴
• Chief executive officerSuzanne Miglucci Dec 2, 2015 to Sep 17, 2019¹⁵
• Chief executive officerRandy N. McCullough Nov 10, 2009 to Dec 19, 2014¹⁶
• PresidentDon O'Connell Jun 1, 2020 to now¹³
• PresidentH. Marvin Beasley Mar 18, 2015 to Mar 27, 2015¹⁴
• PresidentSuzanne Miglucci Dec 2, 2015 to Sep 17, 2019¹⁵
• PresidentThomas G. Pautz Mar 14, 2013 to Dec 17, 2013¹⁷
• PresidentRandy N. McCullough Nov 10, 2009 to Dec 19, 2014¹⁶
• Chief financial officerClint J. Pete Dec 6, 2016 to now¹⁸
• Chief financial officerKyle Macemore Aug 7, 2013 to Mar 8, 2016¹⁹
• Chief financial officerTimothy L. Krist Jun 25, 2009 to Apr 18, 2013²⁰
• Chief operating officerDon O'Connell May 24, 2017 to Aug 27, 2019²¹
• Chief operating officerSteve Larkin May 8, 2013 to Feb 19, 2016²²

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• charlesandcolvard.com, LLC North Carolina³
• moissaniteoutlet.com, LLC (a wholly owned subsidiary of charlesandcolvard.com, LLC) North Carolina³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

• C3 INC /NC/Sep 30, 1997 to Mar 27, 2000²

Timeline

1. Sep 3, 20268-K Regulation FD disclosure⁵²
2. Jul 30, 20268-K Regulation FD disclosure⁵³
3. Jul 17, 20268-K Regulation FD disclosure⁵⁴
4. Jul 8, 20268-K Ended a material agreement; Completed an acquisition or sale⁵⁵
5. Jun 26, 20268-K Entered a material agreement⁵⁶
6. May 1, 20268-K Entered a material agreement; Executive or director change; Other events⁵⁷
7. Apr 20, 20268-K Entered a material agreement⁵⁸
8. Apr 6, 20268-K Entered a material agreement; New debt or obligation⁵⁹
9. Mar 27, 20268-K Executive or director change; Bylaws or fiscal year changed⁶⁰
10. Mar 12, 20268-K Entered a material agreement⁶¹
11. Mar 4, 20268-K Bankruptcy or receivership; Debt or obligation accelerated; Regulation FD disclosure⁶²
12. Mar 4, 20268-K Other events⁶³
13. Jun 1, 2020New chief executive Don O'Connell becomes CEO¹³
14. Dec 2, 2015New chief executive Suzanne Miglucci becomes CEO¹⁵
15. Mar 18, 2015New chief executive H. Marvin Beasley becomes CEO¹⁴
16. Nov 10, 2009New chief executive Randy N. McCullough becomes CEO¹⁶

Calendar

When it reported results

1. Nov 15, 2024Reported quarterly or annual results⁶⁴
2. Oct 1, 2024Reported quarterly or annual results⁶⁵
3. May 2, 2024Reported quarterly or annual results⁶⁶
4. Feb 13, 2024Reported quarterly or annual results⁶⁷
5. Nov 9, 2023Reported quarterly or annual results⁶⁸
6. Oct 12, 2023Reported quarterly or annual results⁶⁹
7. Sep 28, 2023Reported quarterly or annual results⁷⁰
8. May 4, 2023Reported quarterly or annual results⁷¹

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

206 filings to the SEC since October 2021: 3 annual reports, 12 quarterly reports, 62 major events, 67 insider forms, 24 large holders, 1 private raises, 37 other. The latest 20:

1. Sep 3, 20268-K EDGAR
2. Jul 30, 20268-K EDGAR
3. Jul 17, 20268-K EDGAR
4. Jul 8, 20268-K EDGAR
5. Jun 26, 20268-K EDGAR
6. Jun 1, 2026SD EDGAR
7. May 1, 20268-K EDGAR
8. Apr 20, 20268-K EDGAR
9. Apr 6, 20268-K EDGAR
10. Mar 27, 20268-K EDGAR
11. Mar 12, 20268-K/A EDGAR
12. Mar 4, 20268-K EDGAR
13. Mar 4, 20268-K EDGAR
14. Feb 17, 2026NT 10-Q EDGAR
15. Jan 7, 20268-K EDGAR
16. Dec 5, 20258-K EDGAR
17. Nov 17, 2025NT 10-Q EDGAR
18. Oct 16, 20258-K EDGAR
19. Oct 9, 20253 EDGAR
20. Sep 30, 2025NT 10-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

46 open-market trades by officers, directors and large owners since October 2021: 46 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Duc Hoang PhamSCHEDULE 13D/A, 3 filings Aug 22, 2025 to Sep 25, 2025⁷²
• Riverstyx Capital Management LLCSCHEDULE 13D/A, 9 filings Apr 22, 2024 to Sep 24, 2025⁷³
• Ruten BhanderiSCHEDULE 13D, 1 filing Sep 8, 2025⁷⁴
• Ollin B. SykesSC 13D/A, 2 filings Nov 20, 2023 to Feb 26, 2024⁷⁵
• PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.SC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 2024⁷⁶
• Carlos Daniel ValadezSC 13D/A, 3 filings Apr 11, 2023 to May 16, 2023⁷⁷
• RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 2023⁷⁸
• Silver Ring Value Partners Fund LPSC 13G/A, 1 filing Feb 11, 2022⁷⁹

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

1. Aug 29, 2025Raised $200,000 in a private offering of equity⁸⁰ Form D: 1 investor so far Form D

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA⁸¹. Matched to this company by name and state.

1. May 1, 2020$965.0K PPP loan (first draw) from Newtek Small Business Finance, Inc.⁸¹To CHARLES & COLVARD, LTD., Morrisville NC; $974.9K forgiven Jun 24, 2021

SEC filer profile

How CHARLES & COLVARD LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARCHARLES & COLVARD LTD¹
• CIK0001015155
• Employer ID (EIN)56-1928817⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inNorth Carolina⁴
• Fiscal year endsJune 30¹
• Industry code (SIC)3910 Jewelry, Silverware & Plated Ware¹
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance¹
• Business address6325 Falls Of Neuse Rd., Ste 35-108, Raleigh, NC 27615¹
• Phone9194680399¹
• Shares outstanding3,118,273 as of Jul 30, 2025¹¹
• Public float$12.4M as of Dec 31, 2023⁴
• AuditorBDO USA, P.C., Raleigh, North Carolina PCAOB ID 243; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceSep 30, 1997¹
• Filings1,199 in all: 4 (502), 8-K (306), 10-Q (82), 3 (30), DEF 14A (27), SC 13G (27), SC 13G/A (25), 10-K (23)¹
  All 47 form types

  CT ORDER (19), UPLOAD (15), SD (13), CORRESP (10), SC 13D/A (10), SCHEDULE 13D/A (9), 4/A (8), ARS (8), DEFA14A (8), S-8 (8), 8-K/A (6), NT 10-Q (6), 10-K405 (4), 5 (4), PREC14A (4), S-3 (4), SC 13D (4), 3/A (3), EFFECT (3), NT 10-K (3), S-1/A (3), SCHEDULE 13D (3), 424B5 (2), 8-A12G (2), 8-A12G/A (2), DFAN14A (2), PRE 14A (2), 10-K/A (1), 10-KT (1), 15-12G (1), 424B2 (1), 424B4 (1), D (1), DEFN14A (1), FWP (1), POS AM (1), S-1 (1), S-3/A (1), SCHEDULE 13G (1)

• Latest filingsAnnual report (10-K) Apr 3, 2025
  Quarterly report (10-Q) Aug 4, 2025
  Proxy statement (DEF 14A) Apr 8, 2024
  Latest 8-K (8-K) Sep 3, 2026

Securities registered for trading

From the cover page of the 10-K filed Apr 3, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks CHARLES & COLVARD LTD names in Item 1A of its 10-K filed Apr 3, 2025: 29 risks under these headings, as written.⁴

• Risks Related to our Operations
• Our business and our results of operations could be materially adversely affected as a result of general economic and market conditions.
• Our future financial performance depends upon increased consumer acceptance, growth of sales of our products, and operational execution of our strategic initiatives.
• We face intense competition in the worldwide gemstone and jewelry industry.
• We have historically been dependent on a single supplier for substantially all of our silicon carbide, or SiC crystals, the raw materials we use to produce moissanite jewels; if our supply of high-quality SiC crystals is interrupted, our business may be materially harmed.
• Constantly evolving privacy regulatory regimes are creating new legal compliance challenges.
• Our information technology, or IT, infrastructure, and our network has been and may be impacted by a cyber-attack or other security incident as a result of the rise of cybersecurity events.
• We are subject to certain risks due to our international operations, distribution channels, and vendors.
• Our business and our results of operations could be materially adversely affected as a result of our inability to fulfill orders on a timely basis.
• We are currently dependent on a limited number of distributor and retail partners in our Traditional segment for the sale of our products.
• We may experience quality control challenges from time to time that can result in lost revenue and harm to our brands and reputation.
• Seasonality of our business may adversely affect our net sales and operating income.

Legal proceedings

From time to time, we may be involved in legal proceedings or subject to claims incident to the ordinary course of business. The outcome of litigation is inherently uncertain, and there can be no assurances that favorable outcomes will be obtained. In addition, regardless of the outcome, such proceedings or claims can have an adverse impact on us because of defense and settlement costs, diversion of resources and other factors.

On July 28, 2023, Wolfspeed initiated a confidential arbitration against us for breach of contract claiming damages, plus interest, costs, and attorneys’ fees. On February 10, 2025, the Company and Wolfspeed entered into a settlement agreement related to the Wolfspeed arbitration. Under the settlement agreement the Company terminated the exclusive supply agreement and agreed to pay Wolfspeed a total of $4.77 million, which includes the purchased and consigned inventory, Wolfspeed’s attorney fees in connection with the arbitration, and interest. The final settlement amount is to be paid $500,000 on February 11, 2025, $1.83 million on or before February 28, 2025, and $2.44 million on or before December 31, 2025. As of June 30, 2024, the Company accrued $4.77 million related to the final settlement and expected payments.

The opening of Item 3, Legal Proceedings.⁴