culp-8k_20210929.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  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) September 29, 2021

 

Culp, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

North Carolina

 

1-12597

 

56-1001967

(State or Other Jurisdiction

of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer

Identification No.)

 

1823 Eastchester Drive

High Point, North Carolina  27265

(Address of Principal Executive Offices)

(Zip Code)

 

(336) 889-5161

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol

Name of exchange on which registered

Common stock, par value $0.05 per share

CULP

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).  Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 

Item 5.07.Submission of Matters to a Vote of Security Holders

On September 29, 2021, Culp, Inc. (the “Company”) held its annual meeting of shareholders.  At the meeting, the Company’s shareholders: (i) elected each of the eight persons listed below under Proposal 1 to serve as a director of the Company until the 2022 annual meeting, or until their successors are elected and qualified; (ii) ratified the appointment of Grant Thornton LLP as the independent auditors of the Company for fiscal 2022; and (iii) voted for a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers (Say on Pay vote).  The following information sets forth the results of the voting at the annual meeting.

Proposal 1:  To elect eight directors to serve until the 2022 annual meeting of shareholders, or until their successors are elected and qualified

 

Director Nominee

Shares

Voted For

Shares

Withheld

Broker

Non-Votes

John A. Baugh

Robert G. Culp, IV

9,515,595

9,515,390

289,684

289,889

1,076,198

1,076,198

Perry E. Davis

9,486,717

318,562

1,076,198

Sharon A. Decker

9,501,940

303,339

1,076,198

Kimberly B. Gatling

9,515,295

289,984

1,076,198

Jonathan L. Kelly

9,515,295

289,984

1,076,198

Fred A. Jackson

9,486,010

319,269

1,076,198

Franklin N. Saxon

9,388,174

417,105

1,076,198

 

Proposal 2:  To ratify the appointment of Grant Thornton LLP as the Company’s independent auditors for fiscal 2022

 

For

10,600,713

Against

103,077

Abstain

177,687

Broker Non-Votes

0

 

Proposal 3:  Advisory vote on executive compensation (Say on Pay)

 

For

9,152,703

Against

473,054

Abstain

179,522

Broker Non-Votes

1,076,198

 

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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:  October 4, 2021

 

 

 

 

CULP, INC.

 

 

 

(Registrant)

 

 

 

 

 

By:

 

/s/ Kenneth R. Bowling

 

 

 

Executive Vice President,

 

 

 

Chief Financial Officer

 

 

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