secwatch / observer
8-K filed September 28, 2023, 7:59 PM ET ticker CULP CIK 0000723603
other confidence high sentiment neutral materiality 0.15

Culp shareholders elect all 8 director nominees, approve say-on-pay and equity plan at annual meeting

CULP INC

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CULP INC shareholders approved Approval of the Amended and Restated Equity Incentive Plan at the 2023-09-27 meeting.

Proposal
equity plan
Outcome
passed
Meeting
2023-09-27
Exact text from the filing
Proposal 5: To approve the Amended and Restated Equity Incentive Plan For Against Abstain Broker Non-Votes 7,271,006 2,225,409 96,180 1,267,968
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CULP INC shareholders approved Advisory vote on the frequency of future Say-on-Pay votes at the 2023-09-27 meeting.

Proposal
say on pay frequency
Outcome
passed
Meeting
2023-09-27
Exact text from the filing
Proposal 4: Advisory vote on the frequency of future Say-on-Pay Votes 1 Year 2 Years 3 Years Abstain Broker Non-Votes 8,997,258 10,742 553,018 31,577 1,267,968
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CULP INC shareholders approved Ratification of Grant Thornton LLP as the Company’s independent auditors for fiscal 2024 at the 2023-09-27 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2023-09-27
Exact text from the filing
Proposal 2: To ratify the appointment of Grant Thornton LLP as the Company’s independent auditors for fiscal 2024 For Against Abstain Broker Non-Votes 10,559,423 290,849 10,291 —
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CULP INC shareholders approved Advisory vote on the Company’s named executive officers’ compensation as disclosed in the 2023 Proxy Statement (Say-on-Pay) at the 2023-09-27 meeting.

Proposal
say on pay
Outcome
passed
Meeting
2023-09-27
Exact text from the filing
Proposal 3: Advisory vote on the Company’s named executive officers’ compensation as disclosed in the 2023 Proxy Statement (Say-on-Pay) For Against Abstain Broker Non-Votes 6,420,642 3,073,857 98,096 1,267,968
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

CULP INC shareholders approved Election of eight directors to serve until the 2024 annual meeting of shareholders, or until their successors are elected and qualified at the 2023-09-27 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-09-27
Exact text from the filing
Item 5.07 Submission of Matters to a Vote of Security Holders. On September 27, 2023, Culp, Inc. (the “Company”) held its annual meeting of shareholders. At the meeting, the Company’s shareholders: (i) elected each of the eight persons listed below under Proposal 1 to serve as a director of the Company until the 2024 annual meeting, or until their successors are elected and qualified; (ii) ratified the appointment of Grant Thornton LLP as the independent auditors of the Company for fiscal 2024; (iii) voted for a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers (a “Say-on-Pay” vote); (iv) voted to recommend holding future Say-on-Pay votes at a frequency of every one year; and (v) approved the Amended and Restated Equity Incentive Plan.
View on SEC.gov

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CULP INC filing history →

Source: SEC EDGAR
accession 0000950170-23-050442
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