Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 20

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 20
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 for Town & Country Living, a wholesaler of home decor, from August 2023 to June 2024, and as executive vice president and chief financial officer for Saatva.com, a mattress, bedding and home furnishings retailer, from 2019 to 2023. In 2011, Ms. Heatherton founded Cortlandt Advisory, a firm providing interim chief financial officer services, and served as its managing partner from 2011 to 2015 and from 2017 until 2019. From 2015 to 2017, Ms. Heatherton served as the head of finance, planning & analysis for Touchtunes Interactive Networks. From 2007 to 2011, Ms. Heatherton served as the head of corporate planning and performance for Hachette Filipacchi Media U.S. From 2005 to 2007, Ms. Heatherton worked in management consulting at Cap Gemini Ernst & Young. Prior to that, Ms. Heatherton, a Certified Public Accountant, served in various financial and leadership roles for Bertelsmann, Merrill Lynch, Chiron Corporation and Ernst & Young. She has an MBA from INSEAD and a Bachelor of Science from U.C. Berkeley.

Ms. Heatherton would bring to our Company extensive strategic financial and accounting expertise, having worked in public accounting and management consulting and serving in chief financial officer and other finance and accounting leadership roles for many years. Ms. Heatherton would also bring to our Company experience in the mattress and home decor industry. See “Agreements with 22NW Fund, LP et al.,” below, which describes an agreement between the Company and certain shareholders pursuant to which the Company agreed to nominate Ms. Heatherton as a director for the Annual Meeting and the Company's 2026 annual meeting of shareholders.

Non-Director Executive Officers

Information concerning our executive officers as of April 27, 2025, is set forth below:

KENNETH R. BOWLING, age 63, joined the Company in 1997 as controller for the Culp Velvets/Prints division. He was promoted to corporate controller in 2001 and was named corporate controller and assistant treasurer in 2002. In 2004, Mr. Bowling was promoted to vice president, finance and treasurer. Mr. Bowling became the Company’s chief financial officer in 2007 and corporate secretary in 2008, and he was named senior vice president in 2016. In 2019, Mr. Bowling was named