SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Bruno Thomas

(Last) (First) (Middle)
1823 EASTCHESTER DRIVE

(Street)
HIGH POINT NC 27265

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2023
3. Issuer Name and Ticker or Trading Symbol
CULP INC [ CULP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Culp Home Fashions
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 1,000 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) (2) (2) Common Stock 37,671(2) 0 D
Restricted Stock Units(1) (3) (3) Common Stock 27,592(3) 0 D
Explanation of Responses:
1. Contingent right to receive issuance of Culp, Inc. common stock.
2. 1/3 of these restricted stock units (12,557 RSUs) vest and convert into the right to receive one share of common stock per RSU (12,557 total shares of common stock) on September 6, 2023 if the recipient remains employed by the company as of such date; an additional 1/3 of these restricted stock units (12,557 RSUs) vest and convert into the right to receive one share of common stock per RSU (12,557 total shares of common stock) on September 6, 2024 if the recipient remains employed by the company as of such date; and the remaining 1/3 of these restricted stock units (12,557 RSUs) vest and convert into the right to receive one share of common stock per RSU (12,557 total shares of common stock) on September 6, 2025 if the recipient remains employed by the company as of such date.
3. 1/2 of these restricted stock units (9,197 RSUs) vest and convert into the right to receive one share of common stock per RSU (9,197 total shares of common stock) at the end of three years if the participant remains employed by the company as of such date; the remaining 1/2 of these restricted stock units (9,197 RSUs) could vest and convert into the right to receive up to 2 shares of common stock per RSU(18,395 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning May 2, 2022, and ending April 27, 2025, per the terms of the award agreement.
Remarks:
Exhibit List Exhibit 24 - Power of Attorney - CE
/s/ Ashley C. Durbin, Attorney-in-Fact 01/03/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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POWER OF ATTORNEY
   Know all by these presents, that the undersigned hereby
constitutes and appoints each of Ashley C. Durbin, Thomas B.
Gallagher, and Kenneth R. Bowling, signing
singly, the undersigned's true and lawful attorney-in-fact to:
1.	execute for and on behalf of the undersigned, in the
undersigned's capacity as an officer and/or director of
Culp, Inc. (the "Company"), Forms 3, 4, and 5 in accordance
with Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder;

2.	do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4, or 5, complete and execute
any amendment or amendments thereto, and timely file such
form with the United States Securities and Exchange
Commission and any stock exchange or similar authority; and

3.	take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such attorney-
in-fact, may be of benefit to, in the best interest of, or
legally required by, the undersigned, it being understood
that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
   The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and
thing whatsoever requisite, necessary, or proper to be done in
the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution
or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any
of the undersigned's responsibilities to comply with Section 16
of the Securities Exchange Act of 1934.
	This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms
3, 4, and 5 with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier
revocation by the undersigned in a signed writing delivered to
the foregoing attorneys-in-fact.
	IN WITNESS WHEREOF, the undersigned has caused this Power
of Attorney to be executed as of this 28th day of December, 2022.

	/s/ Thomas Bruno
	Thomas Bruno