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 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 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 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.
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 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 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.
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