Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 3

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 3
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| International Experience      |      |         |         |            |         |       |       |       |
| Finance/Accounting            |      |         |         |            |         |       |       |       |
| Regulatory Compliance         |      |         |         |            |         |       |       |       |
| Legal/Corporate Governance    |      |         |         |            |         |       |       |       |
| Cybersecurity Experience      |      |         |         |            |         |       |       |       |
| Merger/Acquisition Experience |      |         |         |            |         |       |       |       |

Our Board values the contribution of diversity in achieving Company objectives and maintaining sound governance practices, as it brings together individuals with different skills and ideas, from varying backgrounds and experiences, to create balanced and thoughtful decision-making that best serves shareholder interests. Our Board believes such diversity provides varied perspectives that promote active and constructive dialogue among Board members and between the Board and management, resulting in more effective oversight.

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Diversity refers to a broad array of individual characteristics that collectively enable the Board to operate effectively and fulfill its responsibilities. These characteristics include, among others, professional qualifications, and business experience. Our nominees for election to the Board of Directors consist of eight individuals with varying backgrounds and characteristics that blend to form a well-rounded group of individuals with deep knowledge of our business and industry, and both seasoned and fresh perspectives.

| Diversity                                                                                 | Mix of Ages                                                                                                                                                      | Independence                                             |
|     25% of director nominees are women    13% of director nominees are racially diverse |     1 director nominee between 39-49    4 director nominees between 50-59    1 director nominee between 60-69    2 director nominees 70+    Average age: 58 |      6 of 8 director nominees          	are independent |

Governance Highlights Our Board of Directors and management firmly embrace good and accountable corporate governance. We believe an attentive board, held to the highest standards of corporate governance, is a meaningful advantage for our shareholders and for our businesses. Our Board makes substantial efforts to meet such standards.

| Annually elected directors; no classified board                                           |
| Varying lengths of board tenure balance experience with fresh insights                    |
| Lead independent director                                                                 |
| Six out of eight director nominees independent                                            |
| 100% independent Audit