07/27/2021 | Press release | Distributed by Public on 07/27/2021 14:36

Management Change/Compensation (Form 8-K)

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 22, 2021, the board of directors of Culp, Inc. (the 'Company') determined that Mr. Franklin N. Saxon, Executive Chairman, will no longer serve as co-principal executive officer of the Company for purposes of documents and certifications to be filed with or submitted to the Securities and Exchange Commission or the New York Stock Exchange and for similar or related purposes. The board of directors further determined that Mr. Robert G. Culp, IV, President and Chief Executive Officer and formerly co-principal executive officer for such purposes, will serve as the sole principal executive officer of the Company for such purposes going forward. Mr. Saxon and Mr. Culp will both continue to serve as executive officers of the Company, with no change in their titles.

(d) - Exhibits

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EXHIBIT INDEX

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