Highest-materiality recent filing
Culp Q3 fiscal 2026 net loss $3.4M; sales down 8% YoY to $48.0M
Consolidated net sales of $48.0M vs $52.3M a year ago; bedding segment down 5%, upholstery down 12%.
Culp voluntarily transfers stock listing from NYSE to Nasdaq, effective March 6
Last NYSE trading day March 5, 2026; Nasdaq trading begins March 6, 2026 under symbol CULP.
Culp elects Mark Wilson as director to fill board vacancy
Mark Wilson elected to board effective Jan. 23, 2026, filling vacancy from Alexander B. Jones' resignation on Dec. 11, 2025.
Culp CFO Kenneth Bowling to retire by end of 2026; principal accounting officer Chandler resigns
Kenneth R. Bowling, Culp's EVP, CFO and Treasurer, notified plan to retire at end of 2026 after ~30 years; will assist transition.
Culp Q2 fiscal 2026 net loss narrows to $0.34 per share; bedding sales up 2%
Net sales $53.2M, down 4.5% YoY but up sequentially from $50.7M; net loss $4.3M vs $5.6M prior year.
Culp shareholders elect all eight directors, ratify auditor, approve say-on-pay
All eight director nominees elected; votes for ranged from 7.38M to 9.20M, broker non-votes 1.48M.
Culp Q1 FY2026 net loss narrows to $0.02/sh; bedding gross margin improves to 10.5%
Consolidated sales $50.7M (-10% YoY); gross margin 14.3% vs 9.0% prior year.
Culp files Q4 FY2025 earnings and restructuring plan; no specific financial figures provided
Press release (Ex.99.1) announces Q4 and FY2025 results; no numbers in filing text.
Culp extends Wells Fargo ABL facility to June 2028; borrowing base unchanged at $30M
Term extended three years; now matures June 12, 2028 (was previously January 2026).
Culp enters cooperation agreement with 22NW; nominates two new independent directors
22NW agrees to standstill through 2027 annual meeting; ownership capped at 15%.
Culp appoints new COO and CCO, merges divisions, targets $3M in additional annual savings
Mary Elizabeth Hunsberger appointed COO; Thomas Bruno appointed CCO as part of operating model integration.
Announced Q3 FY2025 earnings; specific financial results not available in filing.
Culp announces restructuring plan; discontinuing mattress fabrics ops in Quebec
Gradual discontinuation of mattress fabrics manufacturing in Quebec, Canada; equipment relocation to Stokesdale, NC.
Culp amends bylaws for universal proxy rules; shareholders reelect directors and ratify auditor
Board approved bylaw amendments on Sept 26 to comply with SEC universal proxy rules, including new advance notice deadlines (90-120 days prior to annual meeting).
Culp reports Q1 results, unveils restructuring plan for mattress fabrics ops
Reported Q1 FY2025 results for period ended July 28, 2024; financial details not available in this excerpt.
Culp enters indemnification agreements with 15 directors and officers
Agreements approved Aug 8, 2024, with directors, CEO, CFO, division presidents, and other officers.
Culp names Mary Beth Hunsberger as Upholstery Fabrics president; Boyd Chumbley retires July 26
Boyd Chumbley, President of Culp Upholstery Fabrics, retires effective July 26, 2024.
Culp reports Q4 FY2024 results and announces restructuring plan; no specific figures in filing text
Filing includes earnings release for Q4 and fiscal year ended April 28, 2024.
Culp enters cooperation agreement with 22NW, adds Alexander B. Jones to board
Board expanded from 8 to 9 directors; Alexander B. Jones appointed effective June 17, 2024.
Culp announces major restructuring; expects Q4 operating loss of $4.2M-$4.7M, sales down 19%
Restructuring includes phasing out Quebec plant, consolidating Haiti operations, reducing mattress fabrics workforce by ~240 (35%).
Culp reports Q3 FY2024 results; no specific numbers in filing
Company issued press release on March 6, 2024 for Q3 ended January 28, 2024.
Culp expects Q3 fiscal 2024 operating loss comparable to Q2's $2.2M loss
Consolidated operating loss for Q3 FY2024 now expected to be similar to $(2.2)M loss in Q2 FY2024.
Boyd Chumbley, President of Culp Upholstery Fabrics since 1984, will retire in Q3 2024 and then serve in an advisory role.
On April 22, 2025, Mary Elizabeth Hunsberger, 50, was appointed by the board of directors (the “Board”) of Culp, Inc. (the “Company”) to serve as Chief Operating Officer of the Company
elected William L. Tyson as a director to fill the vacancy created by the expansion in the size of the Board, effective immediately.
the Board determined Mr. Chumbley's retirement would be effective July 26, 2024
the Board named Mary Beth Hunsberger to succeed Mr. Chumbley as President of the Culp Upholstery Fabrics division effective July 27, 2024
On January 4, 2024, Boyd B. Chumbley, President of the Culp Upholstery Fabrics division, notified the company of his intention to retire from his position in the third quarter of the calendar 2024 year, with the definitive date of such retirement still to be determined.
Max materiality 0.75 · Median 0.50 · Most common event other_material