Welcome to our dedicated page for Culp SEC filings (Ticker: CULP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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.
Kimberly Bullock Gatling, a director of Culp Inc (CULP), reported an open-market purchase on a Form 4. On 09/22/2025 she acquired 2,347 shares of Culp common stock at $4.2995 per share, bringing her direct beneficial ownership to 38,393 shares. The Form 4 was signed by an attorney-in-fact on 09/23/2025. The filing shows a single non-derivative purchase transaction and does not disclose derivative activity or other material changes.
Kimberly Bullock Gatling, a director of Culp Inc (CULP), reported an open-market purchase on a Form 4. On 09/22/2025 she acquired 2,347 shares of Culp common stock at $4.2995 per share, bringing her direct beneficial ownership to 38,393 shares. The Form 4 was signed by an attorney-in-fact on 09/23/2025. The filing shows a single non-derivative purchase transaction and does not disclose derivative activity or other material changes.
Culp Inc. insider purchases reported. Thomas Bruno, Chief Commercial Officer, acquired a total of 5,372 shares of Culp Inc. common stock on 09/22/2025 in two transactions: 5,000 shares at $4.35 and 372 shares at $4.36. Following these purchases his reported beneficial ownership increased from 79,628 shares to 80,000 shares. The Form 4 was signed by an attorney-in-fact on 09/23/2025.
Culp Inc. insider purchases reported. Thomas Bruno, Chief Commercial Officer, acquired a total of 5,372 shares of Culp Inc. common stock on 09/22/2025 in two transactions: 5,000 shares at $4.35 and 372 shares at $4.36. Following these purchases his reported beneficial ownership increased from 79,628 shares to 80,000 shares. The Form 4 was signed by an attorney-in-fact on 09/23/2025.
Culp Inc. disclosed first-quarter fiscal 2026 interim details showing active restructuring and strategic transformation initiatives expected to be substantially completed by December 31, 2025. The company recorded multiple one-time and non-cash items including inventory disposals/markdowns ($450,000), non-cash lease termination costs ($125,000), accelerated depreciation and impairments ($424,000), employee termination benefits ($207,000), facility consolidation costs ($432,000) and other related charges ($35,000). Capital assets and right-of-use assets are reported across the U.S., China, Haiti and Canada with property, plant and equipment totaling $22.1 million as of August 3, 2025.
Culp has a China credit facility comprised of a 10.0 million RMB ($1.4 million) unsecured working capital loan and 25.0 million RMB ($3.5 million) letters-of-credit capacity, with expirations in July and November 2025 and negotiations underway for renewal. The company is evaluating ASU 2024-03 for potential impact. Share metrics: approximately 12.6 million shares outstanding in August 2025 and a $5.0 million repurchase authorization approved in March 2020. Tax effects include a full valuation allowance against U.S. deferred tax assets and a mix of taxable results across jurisdictions affecting effective tax rates.
Culp, Inc. filed a current report describing a news release issued on September 10, 2025 announcing financial results for its first quarter ended August 3, 2025. The release, attached as Exhibit 99.1, is furnished rather than filed for Exchange Act purposes.
The company explains several non‑GAAP measures used alongside U.S. GAAP results. These include adjusted income (loss) from operations, net debt, adjusted free cash flow, and adjusted EBITDA. Culp outlines how each metric is calculated, why management uses it to evaluate performance and liquidity, and cautions that these measures should not be viewed in isolation or as substitutes for GAAP figures.
Culp, Inc. (CULP) reporting person Bruno Thomas, Chief Commercial Officer, recorded vesting of 12,557 restricted stock units that converted into 12,557 shares on 09/06/2025 and a contemporaneous sale of 3,604 shares at $4.25 per share. After these transactions the reporting person beneficially owned 78,628 shares prior to the sale entry and 74,628 shares following the sale, with the RSUs described as service-based awards that vested upon continued employment through 09/06/2025. The Form 4 was signed by an attorney-in-fact on 09/09/2025.
Culp, Inc. filed a Definitive Proxy Statement covering director elections, auditor ratification, and executive compensation policies. The company reports that a majority of director nominees are independent and some diversity exists on the board. Compensation disclosures show NEO base salaries were generally below the 50th percentile versus peers and the CEO received no salary increases since fiscal 2023. The fiscal 2025 annual cash incentive and LTIP targets were set at very challenging levels and resulted in no payouts or vested performance shares due to below-threshold performance. For fiscal 2026 the Committee moved to consolidated adjusted EBITDA-based annual bonuses with funding capped at 50% of historical target and a 40% reduction if net debt exceeds a threshold; long-term awards remain performance-based tied to fiscal 2028 adjusted EBITDA. The Proxy discloses significant shareholder holders including 22NW (about 1.86M shares) and Renaissance (629,817 shares) and reports the CEO pay ratio at approximately 31:1.
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report beneficial ownership of 614,117 shares of Culp, Inc., representing 4.89% of the company’s outstanding common stock. The filing states the reporting persons have sole voting and sole dispositive power over these shares and discloses that certain funds managed by Renaissance have the right to receive dividends or proceeds from sale of the securities. The Schedule 13G filing affirms the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control. The document also lists Culp’s principal executive office in High Point, North Carolina.