{"filings":[{"id":114043,"accession_number":"0001193125-26-102282","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Culp Q3 fiscal 2026 net loss $3.4M; sales down 8% YoY to $48.0M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated net sales of $48.0M vs $52.3M a year ago; bedding segment down 5%, upholstery down 12%.","Net loss of $3.4M ($0.27 diluted EPS), improved from prior-year loss $4.1M ($0.33 EPS).","Gross profit margin 11.1% vs 12.1% YoY; operating loss of $3.7M vs $3.9M.","Management notes $6-7M potential IEEPA tariff refund; completion of restructuring and integration initiatives.","Expects sequential consolidated sales growth in Q4, driven by bedding segment improvement."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":151859000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114042,"accession_number":"0001193125-26-062497","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Culp voluntarily transfers stock listing from NYSE to Nasdaq, effective March 6","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Last NYSE trading day March 5, 2026; Nasdaq trading begins March 6, 2026 under symbol CULP.","CEO cites alignment with peer companies and completion of restructuring as reasons for transfer.","No change in ticker symbol or shareholder impact expected; transfer is seamless."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114041,"accession_number":"0001193125-26-024866","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2026-01-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Culp elects Mark Wilson as director to fill board vacancy","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mark Wilson elected to board effective Jan. 23, 2026, filling vacancy from Alexander B. Jones' resignation on Dec. 11, 2025.","Wilson is General Counsel for 22NW Fund, LP, a party to the June 2025 Cooperation Agreement that provided for this replacement.","Board determined Wilson is independent under NYSE rules; he will serve on the Strategy Committee.","Wilson receives standard non-employee director compensation: $55k annual cash retainer (prorated) and $55k annual equity grant, with grant after 2026 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114040,"accession_number":"0001193125-26-015387","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2026-01-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Culp CFO Kenneth Bowling to retire by end of 2026; principal accounting officer Chandler resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kenneth R. Bowling, Culp's EVP, CFO and Treasurer, notified plan to retire at end of 2026 after ~30 years; will assist transition.","Ronald S. Chandler resigned as VP, Corporate Controller and principal accounting officer, effective February 13, 2026.","Bowling will assume interim principal accounting officer role after Chandler's departure.","Company initiated external search for Bowling's successor; Bowling continues with current compensation through Dec 31, 2026.","Both departures are not due to any disagreement with the company on operations, policies, or practices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130436,"accession_number":"0001193125-25-314238","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Culp Q2 fiscal 2026 net loss narrows to $0.34 per share; bedding sales up 2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $53.2M, down 4.5% YoY but up sequentially from $50.7M; net loss $4.3M vs $5.6M prior year.","Bedding segment sales $30.8M (+2% YoY); gross margin improved to 10.1% from 8.1% on restructuring.","Upholstery sales $22.4M (-12% YoY); gross margin dipped to 16.1% from 16.9% on weak housing and tariffs.","Adjusted EBITDA negative $1.0M, improved from negative $1.1M; Q3 guidance near break-even to positive adjusted EBITDA.","Expects over $20M annualized cost savings by fiscal 2027 from restructuring and platform optimization."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":103893000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146983,"accession_number":"0001193125-25-216626","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-09-25T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Culp shareholders elect all eight directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All eight director nominees elected; votes for ranged from 7.38M to 9.20M, broker non-votes 1.48M.","Grant Thornton LLP ratified as independent auditor for FY2026: 10.68M for, 13,623 against.","Advisory say-on-pay resolution approved: 7.49M for, 1.68M against, 68,632 abstentions.","Meeting held September 24, 2025; all proposals passed with required votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146982,"accession_number":"0000950170-25-113998","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-09-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Culp Q1 FY2026 net loss narrows to $0.02/sh; bedding gross margin improves to 10.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated sales $50.7M (-10% YoY); gross margin 14.3% vs 9.0% prior year.","GAAP operating income $1.6M vs loss $(6.9)M; net loss $(231K) ($(0.02)/diluted) vs $(7.3M) ($(0.58)).","Bedding segment sales flat at $28.0M; gross profit turned positive to $2.9M (10.5%) vs negative prior year.","Upholstery sales $22.6M (-20% YoY) due to tariff-driven shipment pause; gross margin 18.9% vs 19.4%.","Guidance: sequential sales growth expected; Q2 adjusted EBITDA near breakeven to slightly positive."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":50691000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165492,"accession_number":"0000950170-25-089974","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Culp files Q4 FY2025 earnings and restructuring plan; no specific financial figures provided","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Press release (Ex.99.1) announces Q4 and FY2025 results; no numbers in filing text.","Restructuring presentation (Ex.99.2) details initiatives: discontinuation of mattress fabrics mfg in Quebec, consolidation in Haiti.","Other restructuring: move equipment from Knoxville to Burlington, rationalize Shanghai finishing, stop cut/sewn kits in Haiti.","Non-GAAP measures defined: adjusted EBITDA, free cash flow, net debt, return on capital employed.","Forward-looking statements and risk factors emphasized; company cautions about macroeconomic pressures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165491,"accession_number":"0000950170-25-086879","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-06-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Culp extends Wells Fargo ABL facility to June 2028; borrowing base unchanged at $30M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Term extended three years; now matures June 12, 2028 (was previously January 2026).","Maximum revolving credit remains $30M with $2M letter-of-credit sublimit.","Interest rate: daily simple SOFR + 1.75% to 2.25% based on average monthly excess availability.","Springing fixed charge coverage ratio of 1.10x triggered when availability falls below $4.5M.","$120,000 amendment fee paid to Wells Fargo."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165490,"accession_number":"0000950170-25-084334","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-06-10T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Culp enters cooperation agreement with 22NW; nominates two new independent directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["22NW agrees to standstill through 2027 annual meeting; ownership capped at 15%.","Alexander Jones (22NW) renominated; Doug Collier and Lynn Heatherton nominated as independent directors.","Board size capped at 8 directors after 2025 annual meeting, 7 after 2026 meeting.","22NW will vote in line with Board recommendations, subject to proxy advisor exceptions.","Culp to reimburse 22NW up to $50,000 for out-of-pocket expenses related to the agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165489,"accession_number":"0000950170-25-058079","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-04-24T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Culp appoints new COO and CCO, merges divisions, targets $3M in additional annual savings","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mary Elizabeth Hunsberger appointed COO; Thomas Bruno appointed CCO as part of operating model integration.","Culp to merge its two divisions into one integrated business; will close Burlington, NC leased facility.","Integration expected to yield ~$3M annualized savings, incremental to $10-11M from prior restructuring.","Sale of Canadian facility expected to close within a week; proceeds to pay down borrowings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183142,"accession_number":"0000950170-25-033645","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2025-03-05T23:59:59+00:00","items":["2.02","5.02","7.01","9.01"],"status":"ready","headline":"Culp reports Q3 results, elects William L. Tyson to board, posts restructuring plan; financial details not in filing.","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Announced Q3 FY2025 earnings; specific financial results not available in filing.","Elected William L. Tyson to board, expanding size to eight directors; effective immediately.","Tyson appointed to Audit, Corporate Governance and Nominating, and Compensation Committees.","Tyson has 30+ years in investment banking, most recently head of M&A at Fifth Third Capital Markets.","Posted restructuring presentation on investor website; plan details not included in filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199716,"accession_number":"0000950170-24-133298","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-12-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Culp announces restructuring plan; discontinuing mattress fabrics ops in Quebec","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Gradual discontinuation of mattress fabrics manufacturing in Quebec, Canada; equipment relocation to Stokesdale, NC.","Consolidation of mattress fabrics sewn cover operation in Haiti from two buildings into one.","Rationalization of upholstery fabrics finishing operation in Shanghai, China.","Restructuring presentation posted on company website on December 4, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215736,"accession_number":"0000950170-24-109762","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-09-27T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Culp amends bylaws for universal proxy rules; shareholders reelect directors and ratify auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board approved bylaw amendments on Sept 26 to comply with SEC universal proxy rules, including new advance notice deadlines (90-120 days prior to annual meeting).","Shareholders at Sept 25 annual meeting reelected all seven director nominees (Baugh, Culp IV, Decker, Gatling, Jackson, Jones, Saxon).","Shareholders ratified Grant Thornton LLP as independent auditor for fiscal 2025.","Advisory say-on-pay resolution passed with 7.7M votes for, 1.6M against.","Bylaw changes also enhance informational requirements for shareholder proposals and nominations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215735,"accession_number":"0000950170-24-103482","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-09-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Culp reports Q1 results, unveils restructuring plan for mattress fabrics ops","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Reported Q1 FY2025 results for period ended July 28, 2024; financial details not available in this excerpt.","Announced restructuring plan for mattress fabrics ops including Quebec, Haiti, and Shanghai locations.","Posted restructuring presentation on investor website detailing plan to reposition mattress fabrics business.","Non-GAAP adjustments exclude restructuring charges related to Canada, Haiti, and China operations.","Management expects restructuring to improve profitability; no timeline or cost savings provided."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":56537000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215734,"accession_number":"0000950170-24-096686","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-08-14T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Culp enters indemnification agreements with 15 directors and officers","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Agreements approved Aug 8, 2024, with directors, CEO, CFO, division presidents, and other officers.","Covered individuals include 9 directors and 6 executive officers (e.g., Bowling, Bruno, Hunsberger).","Standard indemnification to fullest extent under NC law, plus expense advancement and D&O insurance provisions.","No financial terms or new business arrangements disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215733,"accession_number":"0000950170-24-085476","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K/A","filed_at":"2024-07-23T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Culp names Mary Beth Hunsberger as Upholstery Fabrics president; Boyd Chumbley retires July 26","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Boyd Chumbley, President of Culp Upholstery Fabrics, retires effective July 26, 2024.","Mary Beth Hunsberger appointed President of the division effective July 27, 2024.","Chumbley will remain in an advisory role to support the Company strategically.","Retirement date finalized seven months after initial announcement on January 4, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235137,"accession_number":"0000950170-24-078473","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-06-27T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Culp reports Q4 FY2024 results and announces restructuring plan; no specific figures in filing text","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Filing includes earnings release for Q4 and fiscal year ended April 28, 2024.","Restructuring presentation posted to investor website (Exhibit 99.2) but details not provided in this text.","No financial metrics (EPS, revenue, segment data) available from the filing body.","Company describes non-GAAP measures (adjusted loss, free cash flow, Adjusted EBITDA, ROCE) in the release.","Restructuring plan titled 'Culp Positioning for the Future' presented; specific actions and costs unspecified here."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":225333000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235136,"accession_number":"0000950170-24-074257","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-06-17T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Culp enters cooperation agreement with 22NW, adds Alexander B. Jones to board","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board expanded from 8 to 9 directors; Alexander B. Jones appointed effective June 17, 2024.","Jones is VP & Sr. Research Analyst at 22NW, also an independent director at L.B. Foster Co.","Standstill restricts Investor Group from owning >15% of CULP common stock or nominating directors.","Annual meeting set for September 25, 2024; Jones will be nominated for a one-year term.","Investor Group reimbursed up to $15,000 for out-of-pocket expenses related to the agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235135,"accession_number":"0000950170-24-051289","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["2.02","2.05","9.01"],"status":"ready","headline":"Culp announces major restructuring; expects Q4 operating loss of $4.2M-$4.7M, sales down 19%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Restructuring includes phasing out Quebec plant, consolidating Haiti operations, reducing mattress fabrics workforce by ~240 (35%).","Annualized cost savings of $10M-$11M; expects break-even operating results at current demand levels post-restructuring.","Q4 fiscal 2024 net sales expected ~19% lower YoY; operating loss $(4.2)M to $(4.7)M.","Restructuring charges ~$8.0M ($2.5M cash); funded by equipment sales; expects $10M-$12M net from real estate sale.","End fiscal 2024 with ~$10M cash and no borrowings; implementation mostly complete by end of calendar 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252953,"accession_number":"0000950170-24-027217","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-03-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Culp reports Q3 FY2024 results; no specific numbers in filing","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Company issued press release on March 6, 2024 for Q3 ended January 28, 2024.","Press release (Exhibit 99.1) not included in provided text; no financial data available.","Non-GAAP measures described: adjusted loss from operations, free cash flow, Adjusted EBITDA, return on capital.","Forward-looking statements caution about risks including housing, interest rates, tariffs, and foreign exchange.","Management uses adjusted measures for performance evaluation and incentive compensation."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.72,"consensus_revenue_estimate":null,"consensus_revenue_actual":175804000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252952,"accession_number":"0000950170-24-005187","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-01-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Culp expects Q3 fiscal 2024 operating loss comparable to Q2's $2.2M loss","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Consolidated operating loss for Q3 FY2024 now expected to be similar to $(2.2)M loss in Q2 FY2024.","Update provided via a publicly available webcast with Water Tower Research on January 17, 2024.","Previous financial outlook was issued in an 8-K filed December 4, 2023.","Company is a North Carolina-based fabric manufacturer trading on NYSE under CULP."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252951,"accession_number":"0000950170-24-002948","cik":723603,"company_name":"CULP INC","ticker":"CULP","form_type":"8-K","filed_at":"2024-01-08T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Culp announces retirement of Upholstery Fabrics President Boyd Chumbley and hiring of Mary Beth Hunsberger","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Boyd Chumbley, President of Culp Upholstery Fabrics since 1984, will retire in Q3 2024 and then serve in an advisory role.","Mary Beth Hunsberger hired as EVP of Culp Upholstery Fabrics effective Jan 8, 2024, expected to succeed Chumbley in Q3 2024.","Hunsberger previously President of DEDON Americas and COO at Gloster Furniture, with 13 years at Tempur+Sealy International.","Chumbley will work with Hunsberger during transition period and then continue as advisor to support the company strategically."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":38114979.76282051,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}