Highest-materiality recent filing
Culp Q4 revenue up 6% YoY to $51.6M; net loss $0.18/diluted share; full-year loss $0.81
Q4 net sales $51.6M (+6% YoY); net loss $2.2M ($0.18 diluted EPS) vs $2.1M loss prior year.
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.
Culp reports Q2 fiscal 2024 results; press release not provided in extract
Filing states results announced on Dec 4, 2023 for quarter ended Oct 29, 2023.
Directors Baugh, Culp IV, Davis, Decker, Gatling, Jackson, Kelly, Saxon each elected; votes for ranged from 7.96M to 9.14M.
Culp announces Q1 fiscal 2024 results; specific financial figures not disclosed in filing text
Press release issued on August 30, 2023, covering Q1 ended July 30, 2023 results.
Culp reports Q4 and FY2023 earnings; specific results not in 8-K body
Press release attached as Exhibit 99.1 but not provided in filing text.
Culp VP of Finance & PAO Thomas B. Gallagher to resign mid-July 2023
Thomas B. Gallagher, Jr., VP of Finance and principal accounting officer, will resign effective around mid-July 2023.
Culp posts investor presentation; no specific financial updates in filing excerpt
Investor presentation dated March 2023 posted on Culp's website at https://culpinc.gcs-web.com/.
Culp reports Q3 fiscal 2023 results; specific figures in attached press release
Issued press release on March 1, 2023, for quarter ended January 29, 2023.
Culp enters new $35M asset-based credit facility with Wells Fargo, matures Jan 2026
New ABL facility replaces existing credit agreement; no outstanding borrowings, $275k letter of credit outstanding.
Culp announces Q2 FY2023 results and enters non-binding credit facility term sheet
Q2 fiscal 2023 results announced; includes restructuring charges from exit of Shanghai cut-and-sew operations.
Culp revises Q2 FY2023 outlook: net sales ~$58M, operating loss $(11.7-12.2)M
Expected Q2 FY2023 net sales ~$58M; consolidated operating loss $(11.7)-(12.2)M, wider than prior guidance.
All eight director nominees received shareholder approval; Robert G. Culp, IV and John A. Baugh received 7.6M+ votes each.
Culp Home Fashions President Sandy Brown to retire Dec 31; Tommy Bruno hired as EVP, to succeed
Sandy Brown, President of Culp Home Fashions, plans to retire effective December 31, 2022, after 39 years with the company.
Culp amends credit agreement, waives EBITDA covenant for FY2023, imposes $15M liquidity minimum
EBITDA-to-interest expense covenant suspended for fiscal quarters ending July 2022, Oct 2022, Jan 2023, Apr 2023.
Culp executive chairman steps down as employee, remains chairman and consultant
Franklin Saxon ceases as full-time employee and executive officer effective Sept 1, 2022.
Franklin Saxon will cease being a full-time employee and executive officer, remaining as board chairman and strategic advisor.
Culp enters $40M credit facility; extends maturity to June 2025; reports Q4 earnings
Revolving credit facility increased to $40M from $30M; secured by assets; matures June 2025.
Q4 net sales down significantly vs Q4 FY2021; expected operating loss $(6.5)M-$(7.5)M.
Culp reports Q3 FY2022 results; specific financials in attached press release
Issued news release for Q3 ended January 30, 2022, but actual figures not included in filing text.
Culp reports Q2 FY2022 results; filing body lacks specific financial figures
8-K references a news release with financial results but the release text is not included in provided filing.
Culp lowers Q2 FY22 outlook; expects operating income $1.3M-$1.6M, sales down 11% sequentially
Net sales down ~11% vs Q1 FY22; operating income $1.3M-$1.6M, below prior expectation of flat Q1.
Culp shareholders elect eight directors, ratify auditor, approve say-on-pay at annual meeting
All eight director nominees elected: John A. Baugh, Robert G. Culp IV, Perry E. Davis, Sharon A. Decker, Kimberly B. Gatling, Jonathan L. Kelly, Fred A. Jackson, Franklin N. Saxon.
Culp reports Q1 FY2022 results; specific financial figures not available in filing text
Culp issued a news release on Sep 1, 2021 for Q1 ended Aug 1, 2021.
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.
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.
On May 11, 2023, Thomas B. Gallagher, Jr., Vice President of Finance and principal accounting officer of Culp, Inc. (the “Company”), informed the Company that he will accept a position with another company and resign his position with the Company, effective on or around the middle of July 2023.
On August 30, 2022, Cassandra J. Brown, President of the Culp Home Fashions division, notified the company of her intention to retire from her position effective December 31, 2022.
Effective September 1, 2022, Mr. Saxon’s duties will change such that he is less involved in day to day management, as he will no longer be a full time employee or an executive officer of the Company.
Effective September 1, 2022, Mr. Saxon’s duties will change such that he is less involved in day to day management, as he will no longer be a full time employee or an executive officer of the Company.
Mr. Franklin N. Saxon, Executive Chairman, will no longer serve as co-principal executive officer of the Company
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
Max materiality 0.85 · Median 0.50 · Most common event earnings