UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 19, 2007
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Culp, Inc.
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(Exact Name of Registrant as Specified in its Charter)
North Carolina 0-12781 56-1001967
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
1823 Eastchester Drive
High Point, North Carolina 27265
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(Address of Principal Executive Offices)
(Zip Code)
(336) 889-5161
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former name or address, if changed from last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers.
The board of directors of Culp, Inc. (the "Company") took action to appoint
Thomas B. Gallagher, Jr. as Corporate Controller, Assistant Treasurer and
Assistant Secretary (principal accounting officer) of the Company, which
appointment was effective June 19, 2007 and publicly announced June 25, 2007.
Mr. Gallagher, age 35, joined the Company in January 2005 as assistant
controller. Prior to joining the Company he was audit senior manager with the
accounting firm of BDO Seidman. He is a certified public accountant and a
graduate of Virginia Polytechnic and State University. A press release issued by
the Company on June 25, 2007 to disclose these changes is included in this
filing as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 - Press Release dated June 25, 2007
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.
Date: June 25, 2007
Culp, Inc.
By: /s/ Kenneth M. Ludwig
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Kenneth M. Ludwig
Senior Vice President
2
EXHIBIT INDEX
Exhibit Number Exhibit
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99.1 Press Release dated June 25, 2007
Exhibit 99.1
Culp Announces Promotion
HIGH POINT, N.C.--(BUSINESS WIRE)--June 25, 2007--Culp, Inc. (NYSE:CFI)
today announced that Thomas G. Gallagher, Jr. has been elected corporate
controller, assistant treasurer, and assistant secretary.
He will continue to report to Kenneth R. Bowling, chief financial officer
and treasurer.
Gallagher joined Culp in January of 2005 as assistant controller.
Previously, he had been audit senior manager with BDO Seidman. He is a certified
public accountant and a graduate of Virginia Polytechnic Institute and State
University.
Culp, Inc. is one of the world's largest marketers of mattress fabrics for
bedding products and upholstery fabrics for residential and commercial
furniture.
CONTACT: Culp, Inc.
Kenneth M. Ludwig, 336-888-6282
Senior Vice President, Human Resources