{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-22-029858","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2022-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.016981+00:00","generated_at":"2026-06-23T22:23:20.716741+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Culp amends credit agreement, waives EBITDA covenant for FY2023, imposes $15M liquidity minimum","bullets":["EBITDA-to-interest expense covenant suspended for fiscal quarters ending July 2022, Oct 2022, Jan 2023, Apr 2023.","New liquidity covenant requires minimum $15M of unencumbered liquid assets plus available revolver borrowings.","Amendment fee of $5,000 paid to Wells Fargo; all other credit terms unchanged.","Borrower reaffirms representations and warranties; certifies no event of default exists."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-22-029858","json":"https://secwatch.observer/filing/0001564590-22-029858.json","markdown":"https://secwatch.observer/filing/0001564590-22-029858.md","text":"https://secwatch.observer/filing/0001564590-22-029858.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000156459022029858/0001564590-22-029858-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000156459022029858/culp-8k_20220819.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T22:23:20.716741+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}