Culp (CULP) shifts stock listing from NYSE to Nasdaq Capital Market
Rhea-AI Filing Summary
Culp, Inc. plans to move its stock exchange listing from the New York Stock Exchange to the Nasdaq Capital Market. Acting under board authorization, the company notified the NYSE of a voluntary withdrawal of its common stock listing.
Trading in Culp’s common stock is expected to end on the NYSE at market close on March 5, 2026, and begin on Nasdaq at market open on March 6, 2026. The shares have been approved for listing on Nasdaq and will continue to trade under the ticker symbol “CULP”.
Management describes Nasdaq as a listing venue more closely aligned with companies it considers peers and expects a seamless transition for shareholders, while acknowledging typical forward-looking risks such as potential timing delays or market disruptions during the transfer.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Transfer of Stock Exchange Listing to Nasdaq
On February 23, 2026, Culp, Inc. (the “Company”), acting pursuant to authorization from its Board of Directors, notified the New York Stock Exchange (“NYSE”) of its intention to voluntarily withdraw the listing of the Company’s common stock, par value $0.05 per share (the “Common Stock”), from the NYSE and transfer the listing to The Nasdaq Stock Market LLC (“Nasdaq”). The Company expects that listing and trading of its Common Stock on the NYSE will end at market close on March 5, 2026, and that trading will begin on Nasdaq at market open on March 6, 2026.
The Common Stock has been approved for listing on Nasdaq, where it will continue to trade under the stock symbol “CULP.”
Item 7.01 Regulation FD Disclosure.
The Company issued the news release attached hereto as Exhibit 99.1 in connection with the transfer of the listing of the Common Stock to Nasdaq.
The information contained in Item 7.01 of this Report and in Exhibit 99.1 to this Report shall not be deemed “filed” with the Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Forward-Looking Statements
Certain matters contained in this Current Report concerning the transfer of the Company’s stock listing constitute forward-looking statements and are based upon management's expectations and beliefs concerning future events impacting the Company. In addition, many factors outside the Company’s control, including risks related to any delays in the timing for implementing the transfer, potential market disruptions with respect to the trading of the Common Stock and potential impacts on the Company’s business or operations as it implements the transfer, could have a material adverse effect on the Company and on the trading price of the Common Stock.
There can be no assurance that these future events will occur as anticipated or that the Company’s outcomes will be as expected. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update them. Please refer to the cautionary statements set forth in Item 1A “Risk Factors” in our most recent Form 10-K and Form 10-Q reports filed with the Securities and Exchange Commission for other factors that could affect our business or the impacts of this listing exchange transfer.
Item 9.01 Financial Statements and Exhibits.
99.1 News release issued by Culp, Inc. on February 23, 2026.
104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: |
February 23, 2026 |
By: |
/s/ Justin M. Grow |
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Justin M. Grow, V.P. & General Counsel |
CULP to Transfer Stock Exchange Listing to Nasdaq
Stock ticker symbol to remain “CULP”
HIGH POINT, N.C. (February 23, 2026) – Culp, Inc., a leading provider of fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications, today announced it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Capital Market (“Nasdaq”). CULP’s common stock is expected to begin trading as a Nasdaq-listed security at market open on March 6, 2026, under its existing “CULP” stock symbol.
Iv Culp, President and Chief Executive Officer, commented, “We are excited to join Nasdaq and leverage its trading platforms and corporate solutions as we move into our next chapter following the recent completion of restructuring, integration and other transformational initiatives across our business. In addition, Nasdaq should provide us with a listing exchange more closely aligned with companies we consider to be peers in certain respects. We anticipate a seamless transition for our shareholders and would, of course, like to thank the NYSE for its partnership over the last three decades of our journey as a publicly traded company."
About the Company
Culp, Inc. is one of the largest marketers of mattress fabrics for bedding and upholstery fabrics for residential, commercial, and hospitality furniture and other applications in North America. The Company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp’s manufacturing facilities and fabrics sourced through other suppliers. Culp has manufacturing and sourcing capabilities located in the United States, China, Haiti, Turkey, and Vietnam.
Investor Relations Contact
Ken Bowling, Executive Vice President, Chief Financial Officer, and Treasurer:
(336) 881-5630
krbowling@culp.com
Forward Looking Statements
Certain matters contained in this release concerning the transfer of the Company’s stock listing constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and are based upon management's expectations and beliefs concerning future events impacting the Company. In addition, many factors outside the Company’s control, including risks related to any delays in the timing for implementing the transfer, potential market disruptions with respect to the trading of the Company’s common stock and potential impacts on the Company’s business or operations as it implements the transfer, could have a material adverse effect on the Company and on the trading price of the Company’s common stock.
There can be no assurance that these future events will occur as anticipated or that the Company’s outcomes will be as expected. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update them. Please refer to the cautionary statements set forth in in Item 1A “Risk Factors” in our most recent Form 10-K and Form 10-Q reports filed with the Securities and Exchange Commission for other factors that could affect our business or the impacts of this listing exchange transfer.
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FAQ
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Did Culp issue a news release about the Nasdaq listing transfer?
Filing Exhibits & Attachments
2 documentsPress Releases
