secwatch.observer — SEC 8-K summary
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Issuer:     CULP INC (CULP)
CIK:        0000723603
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0000950170-23-050442
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/0000950170-23-050442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723603/000095017023050442/culp-20230927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050442

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