Culp, Inc. filings document material events for a public fabric manufacturer focused on bedding and upholstery markets. Recent reports include earnings-related 8-K disclosures, forward-looking risk language tied to housing demand, home furnishings demand, tariffs, international operations, freight, labor and raw-material costs, and the company’s global manufacturing and sourcing model.
The filing record also covers corporate-status and governance matters, including the voluntary withdrawal of Culp’s common stock from New York Stock Exchange listing registration through Form 25, its transfer to Nasdaq under the CULP symbol, board and officer changes, director independence and committee service, annual meeting voting results, auditor ratification, and advisory executive-compensation votes.
Culp, Inc. is a North Carolina-based marketer of mattress and upholstery fabrics serving bedding, residential, commercial, and hospitality markets. Fiscal 2026 net sales were $203,482 thousand, with bedding contributing $116.6 million (57% of sales) and upholstery $86.9 million (43%). The United States represented 68.8% of revenue, with 31.2% from international markets.
The company completed a Fiscal 2025 restructuring and a Fiscal 2026 business integration, consolidating facilities in Canada, Haiti, China, and the U.S. and shifting jacquard weaving to a strategic sourcing model. Cumulative restructuring charges were $5.3 million, and integration charges totaled $2.7 million, combining cash and non-cash items.
Culp’s customer base is concentrated, with Serta-Simmons Bedding accounting for 13% and La-Z-Boy Incorporated 12% of consolidated fiscal 2026 sales. The company outlines risks from macroeconomic pressures, housing and commercial real estate trends, tariff and trade policy changes (including refund litigation on about $7.0 million of prior U.S. tariffs), supply-chain reliance on China and Haiti, and environmental and human-capital factors across its 887-employee workforce.
Culp Inc director John Douglas Collier purchased 5,000 shares of common stock in an open-market transaction on July 13, 2026 at $3.45 per share. Following this purchase, he holds 5,000 Culp shares directly, with no derivative securities reported in this notice.
CULP INC President & CEO Robert George Culp IV reported an open-market purchase of 2,768 shares of Common Stock on July 9, 2026 at $3.33 per share. Following this transaction, one directly held account shows 129,085 shares. Other reported positions include 295,710 shares held directly and 1,740 shares in each of two irrevocable trusts for his daughter and son, over which he has sole voting and investment power.
Culp, Inc. reported fourth quarter fiscal 2026 net sales of $51.6 million, up 5.8% year over year, with bedding up 12.5% and upholstery down 2.5%. Gross margin was 13.2%, and the company posted a GAAP operating loss of $1.6 million and net loss of $2.2 million.
For full-year fiscal 2026, net sales were $203.5 million, down 4.6%, while the GAAP operating loss improved to $7.2 million from $18.4 million. Net loss narrowed to $10.2 million, or $0.81 per share. Adjusted EBITDA was $(4.7) million, and inventory fell to $47.5 million as of May 3, 2026.
Management highlighted over $20 million in annualized savings from restructuring and platform optimization and disclosed recovery of approximately $7 million in IEEPA tariff refunds in the first quarter of fiscal 2027, expected to significantly reduce net debt from $10.9 million. Guidance calls for modest sequential and year-over-year sales improvement and breakeven to positive adjusted EBITDA for the first quarter of fiscal 2027, excluding tariff refunds.
CULP INC Chief Commercial Officer Thomas Bruno reported two open-market purchases of the company’s Common Stock. On the reported date, he bought 5,000 shares at $2.75 per share and an additional 5,000 shares at $2.78 per share, for a total of 10,000 shares acquired. After these transactions, Bruno directly owns 90,000 shares of CULP INC Common Stock, indicating an increased personal stake in the company.
CULP INC President & CEO Robert George Culp IV made an open-market purchase of company stock. On this transaction date, he bought 3,179 shares of common stock at an estimated price of $2.90 per share, increasing his directly held stake to 126,317 shares.
In addition to these directly held shares, the filing shows an estimated 295,710 shares held through a 401(k) stock fund based on plan administrator data. It also reports 1,740 shares held in a trust for his daughter and 1,740 shares in a trust for his son, where he serves as sole trustee with sole voting, dispositive and investment power.
CULP INC director Kimberly Bullock Gatling bought additional common stock in an open-market transaction. She purchased 1,812 shares at a price of $2.97 per share on March 26, 2026. After this purchase, she directly owns 49,402 shares of CULP common stock.
CULP INC Chief Operating Officer Mary Elizabeth Hunsberger increased her personal stake by buying 5,000 shares of common stock in open-market transactions. She purchased 3,721 shares at $3.06 per share and 1,279 shares at $3.13 per share on March 18, 2026. Following these purchases, she directly owns 20,000 CULP shares.
Culp Inc President & CEO Robert George Culp IV reported an open-market purchase of 2,941 shares of Culp common stock on March 18, 2026 at $3.13 per share. After this trade, he directly holds 123,138 shares.
Additional entries show a larger direct holding of 295,710 shares, including estimates tied to a 401(k) stock fund, plus 1,740 shares in a trust for his daughter and 1,740 shares in a trust for his son, where he is sole trustee with full voting and investment power.
Culp Inc President & CEO Robert George Culp IV reported open‑market purchases of Culp Inc common stock. He bought 4,383 shares at $3.15 per share on March 16, 2026 and 4,356 shares at $3.18 per share on March 17, 2026, totaling 8,739 shares.
After these transactions, he directly owned 120,197 common shares, according to the filing. Additional indirect holdings include 1,740 shares held in a trust for his daughter and 1,740 shares in a trust for his son, where he serves as sole trustee with full voting and investment power.