---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-038277"
form_type: "8-K"
ticker: "CULP"
cik: "0000723603"
company_name: "CULP INC"
filed_at: "2021-07-27T23:59:59+00:00"
generated_at: "2026-06-30T02:20:36.872617+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Culp, Inc. says Franklin N. Saxon ceases co-PEO role; Robert G. Culp, IV now sole principal executive officer

## Summary
- On July 22, 2021, Culp's board determined Franklin N. Saxon will no longer serve as co-principal executive officer for SEC and NYSE filing purposes.
- Robert G. Culp, IV, President and CEO, will serve as the sole principal executive officer of Culp, Inc. going forward.
- Both Mr. Saxon (Executive Chairman) and Mr. Culp continue as executive officers with no change in their titles.

## SEC filing metadata
- accession: 0001564590-21-038277
- form_type: 8-K
- ticker: CULP
- cik: 0000723603
- company_name: CULP INC
- filed_at: 2021-07-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723603/000156459021038277/0001564590-21-038277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723603/000156459021038277/culp-8k_20210722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-038277
- JSON: https://secwatch.observer/filing/0001564590-21-038277.json
- Plain text: https://secwatch.observer/filing/0001564590-21-038277.txt

## Key facts
- Executive change
  Franklin N. Saxon changed role as Executive Chairman at CULP INC.
  - Action: ceased serving as co-principal executive officer
  - Role: Executive Chairman
  source text: Mr. Franklin N. Saxon, Executive Chairman, will no longer serve as co-principal executive officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/723603/000156459021038277/0001564590-21-038277-index.htm
- Executive change
  Robert G. Culp, IV changed role as President and Chief Executive Officer at CULP INC.
  - Action: will serve as the sole principal executive officer
  - Role: President and Chief Executive Officer
  source text: Mr. Robert G. Culp, IV, President and Chief Executive Officer and formerly co-principal executive officer for such purposes, will serve as the sole principal executive officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/723603/000156459021038277/0001564590-21-038277-index.htm

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