{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-050442","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2023-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.507509+00:00","generated_at":"2026-06-10T07:54:32.477736+00:00","sec_items":["5.07"],"event_type":"other","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Culp shareholders elect all 8 director nominees, approve say-on-pay and equity plan at annual meeting","bullets":["Directors Baugh, Culp IV, Davis, Decker, Gatling, Jackson, Kelly, Saxon each elected; votes for ranged from 7.96M to 9.14M.","Ratification of Grant Thornton LLP as independent auditor for FY2024 approved with 10.56M for, 291K against.","Advisory say-on-pay vote approved with 6.42M for, 3.07M against; 1.27M broker non-votes.","Future say-on-pay frequency set to 1 year with 9.0M votes for one-year; board adopts annual frequency.","Amended and Restated Equity Incentive Plan approved with 7.27M for, 2.23M against."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-050442","json":"https://secwatch.observer/filing/0000950170-23-050442.json","markdown":"https://secwatch.observer/filing/0000950170-23-050442.md","text":"https://secwatch.observer/filing/0000950170-23-050442.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/culp-20230927.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T07:54:32.477736+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4dafad040094611a398255afdf7f77a7a50c4373","claim":"CULP INC shareholders approved Approval of the Amended and Restated Equity Incentive Plan at the 2023-09-27 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-09-27"}],"fact_type":"shareholder_vote"},{"claim_id":"7da11b95856d01e87734b6ae035c3089ab2117a5","claim":"CULP INC shareholders approved Advisory vote on the frequency of future Say-on-Pay votes at the 2023-09-27 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-09-27"}],"fact_type":"shareholder_vote"},{"claim_id":"c33c2e9f4c0bb487ce66a1c58c242a5ad0eece02","claim":"CULP INC shareholders approved Ratification of Grant Thornton LLP as the Company’s independent auditors for fiscal 2024 at the 2023-09-27 meeting.","evidence_excerpt":"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 —","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-09-27"}],"fact_type":"shareholder_vote"},{"claim_id":"e69034369c17c2c82387e0c1c682b5d0d811b7fe","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-09-27"}],"fact_type":"shareholder_vote"},{"claim_id":"eea57155fc5cad70aa60849c04f823d41bdb9031","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-09-27"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}