Culp Stock Repurchase Plan
- In fiscal 2012 and 2013, the company repurchased 1.1 million shares of Culp common stock at a value of $10.4 million.
- No shares were repurchased in fiscal 2014.
- We repurchased 43,014 shares for approximately $745,000 in fiscal 2015.
- We repurchased 100,776 shares for approximately $2.4 million in fiscal 2016.
- In June 2016, the Board of Directors approved an increase in the authorization for the company to acquire its common stock back to a total of $5.0 million
- No shares were repurchased in fiscal 2017.
- Since 2012, we have repurchased approximately 10 percent of our outstanding shares