Mary Elizabeth Hunsberger was appointed as Chief Operating Officer at CULP INC.
“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”
William L. Tyson was elected as Director at CULP INC.
“elected William L. Tyson as a director to fill the vacancy created by the expansion in the size of the Board, effective immediately.”
Mary Beth Hunsberger was appointed as President of the Culp Upholstery Fabrics division at CULP INC.
“the Board named Mary Beth Hunsberger to succeed Mr. Chumbley as President of the Culp Upholstery Fabrics division effective July 27, 2024”
Boyd B. Chumbley retired as President of the Culp Upholstery Fabrics division at CULP INC.
“the Board determined Mr. Chumbley's retirement would be effective July 26, 2024”
Earnings Releases
CULP INC updated its fourth quarter of fiscal 2024 ended April 28, 2024 guidance (lowered).
“On May 1, 2024, Culp, Inc. (the “Company”) issued a news release regarding revised expectations about its financial results for the fourth quarter of the Company’s fiscal 2024 ended April 28, 2024.”
Restructurings & Charges
CULP INC announced a restructuring with charges of restructuring and restructuring-related costs and charges of approximately $8.0 million, of which $2.6 million are anticipated to be incurred in the first quart affecting mattress fabrics segment; upholstery fabrics segment (approximately 240 people).
“completed during the first quarter of fiscal 2025. These actions are expected to result in estimated restructuring and restructuring-related costs and charges of approximately $8.0 million, of which approximately $2.5 million is expected to be cash expenditures. The costs include cash charges of approximately $1.1 million associated with expected ongoing operating”
Restructurings & Charges
CULP INC announced a restructuring with charges of restructuring and restructuring-related costs and charges of approximately $8.0 million, of which approximately $2.5 million is expected to be cash expenditures affecting mattress fabrics segment; mattress fabrics segment; upholstery fabrics segment (approximately 240 people).
“completed during the first quarter of fiscal 2025. These actions are expected to result in estimated restructuring and restructuring-related costs and charges of approximately $8.0 million, of which approximately $2.5 million is expected to be cash expenditures. The costs include cash charges of approximately $1.1 million associated with expected ongoing operating”
Earnings Releases
CULP INC reported financial results for third quarter ended January 28, 2024.
“On March 6, 2024, we issued a news release to announce our financial results for our third quarter ended January 28, 2024.”
Boyd B. Chumbley departed as President of the Culp Upholstery Fabrics division at CULP INC.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.