---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-084334"
form_type: "8-K"
ticker: "CULP"
cik: "0000723603"
company_name: "CULP INC"
filed_at: "2025-06-10T23:59:59+00:00"
generated_at: "2026-05-19T16:24:41.920124+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Culp enters cooperation agreement with 22NW; nominates two new independent directors

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-084334
- form_type: 8-K
- ticker: CULP
- cik: 0000723603
- company_name: CULP INC
- filed_at: 2025-06-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723603/000095017025084334/0000950170-25-084334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723603/000095017025084334/culp-20250606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-084334
- JSON: https://secwatch.observer/filing/0000950170-25-084334.json
- Plain text: https://secwatch.observer/filing/0000950170-25-084334.txt

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