Culp CFO Kenneth Bowling to retire by end of 2026; principal accounting officer Chandler resigns

CULP INC

Kenneth R. Bowling, Culp's EVP, CFO and Treasurer, notified plan to retire at end of 2026 after ~30 years; will assist transition.
Ronald S. Chandler resigned as VP, Corporate Controller and principal accounting officer, effective February 13, 2026.
Bowling will assume interim principal accounting officer role after Chandler's departure.
Company initiated external search for Bowling's successor; Bowling continues with current compensation through Dec 31, 2026.
Both departures are not due to any disagreement with the company on operations, policies, or practices.

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