Company: CULP
Filing Date: 2025-07-11
Form Type: 10-K
Source: 0000950170-25-095233
Chunk: 2

Company: CULP INC
Filing Date: 2025-07-11
Form: 10-K
Item: Item 12
Chunk 2
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MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Information with respect to the security ownership of certain beneficial owners and management is included in the company’s definitive Proxy Statement to be filed within 120 days after the end of the company’s fiscal year pursuant to Regulation 14A of the Securities and Exchange Commission, under the captions “Beneficial Owners of 5% or More of Our Common Stock,” and “Nominees, Directors, and Executive Officers,” which information is herein incorporated by reference.

The following table sets forth information as of the end of fiscal 2025 regarding shares of our common stock that may be issued upon the exercise of equity awards previously granted and currently outstanding equity awards under the company’s equity incentive and stock option plans, as well as the number of shares available for the grant of equity awards that had not been granted as of that date.

EQUITY COMPENSATION PLAN INFORMATION 

     Number ofsecurities to beissued uponexercise ofoutstanding options,warrants and rights

     Weighted-averageexercise price ofoutstanding options,warrants and rights (2)

     Number of securitiesremaining availablefor future issuanceunder equitycompensation plan (excluding securitiesreflected incolumn (a))

     Plan Category
      
     (a)

     (b)

     (c)

     Equity compensation plans approved by security holders
      
     846,119 (1)

     $
     —

     668,353

     Equity compensation plans not approved by security holders

     —

     —

     —

     Total
      
     846,119 (1)

     $
     —

     668,353

(1) For performance-based restricted stock unit awards, the number of shares represents the maximum number of shares with remaining performance periods that could be issued if certain performance targets are met.  The performance-based shares with remaining open performance periods total 583,971, of which 4,238 are expected to vest based on estimated operating performance relative to pre-established targets.  For time-based restricted stock unit awards, the number of shares shown represents the number of shares to be issued upon completion of the time-based vesting period for such restricted stock units.

(2) All of the shares shown in column (a) are issuable under restricted stock units that do not require the payment of consideration by the recipient upon vesting of the award and issuance of the shares, and therefore there is no exercise price information shown in column (b).