Culp director reports zero direct share ownership
Culp Inc. director files amended initial ownership report showing no direct shares.
Rhea-AI Filing Summary
Culp Inc. director files amended initial ownership report showing no direct shares. The Form 3/A lists the reporting person as a director of Culp Inc. and reports beneficial ownership of 0 shares of common stock in direct form.
The footnote explains that the director may be deemed part of a Section 13(d) group that collectively owns more than 10% of Culp’s outstanding common stock. However, he expressly disclaims beneficial ownership of securities directly owned by other members of that group for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The reporting person may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding common stock. The reporting person disclaims beneficial ownership of the securities directly owned by the members of the Section 13(d)group and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Why is the CULP director associated with a Section 13(d) group in this Form 3/A?
What is the relationship of the reporting person to Culp Inc. in this filing?
Does this CULP Form 3/A show any derivative securities held by the director?
Who signed the CULP Form 3/A and on whose behalf was it filed?
AI-generated analysis. How Rhea-AI works. Not financial advice.