---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-074257"
form_type: "8-K"
ticker: "CULP"
cik: "0000723603"
company_name: "CULP INC"
filed_at: "2024-06-17T23:59:59+00:00"
generated_at: "2026-06-01T04:12:11.458538+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Culp enters cooperation agreement with 22NW, adds Alexander B. Jones to board

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-074257
- form_type: 8-K
- ticker: CULP
- cik: 0000723603
- company_name: CULP INC
- filed_at: 2024-06-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723603/000095017024074257/0000950170-24-074257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723603/000095017024074257/culp-20240617.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-074257
- JSON: https://secwatch.observer/filing/0000950170-24-074257.json
- Plain text: https://secwatch.observer/filing/0000950170-24-074257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.