Company: CULP
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0000950170-25-035191
Chunk: 189

Company: CULP INC
Filing Date: 2025-03-07
Form: 10-Q
Item: Item 8
Chunk 189
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 and enforcement is not effective to limit them, these shipments could have a material adverse effect on the company’s business, financial condition, results of operations or cash flows. 

II-1 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

ISSUER PURCHASES OF EQUITY SECURITIES

    (c)

    (d)

    Total Number of

    Approximate

    (a)

    Shares Purchased

    Dollar Value of

    Total

    (b)

    as Part of

    Shares that May

    Number

    Average

    Publicly

    Yet Be Purchased

    of Shares

    Price Paid

    Announced Plans

    Under the Plans or

    Period
     
    Purchased

    per Share

    or Programs

    Programs (1)

    October 28, 2024 to December 1, 2024

    —

    —

    —

    $
    3,248,094

    December 2, 2024 to December 29, 2024

    —

    —

    —

    $
    3,248,094

    December 30, 2024 to January 26, 2025

    —

    —

    —

    $
    3,248,094

    Total

    —

    —

    —

    $
    3,248,094

(1)In March 2020, our board of directors approved an authorization for us to acquire up to $5.0 million of our common stock. 

Item 5.	Other Information

During the three months ended January 26, 2025, none of the company's directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934) adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (as such terms are defined in Item 408 of Regulation S-K).

Appointment of Principal Accounting Officer 

Effective March 5, 2025, the Board of Directors of the company appointed Ronald S. Chandler as the company’s Vice President and Corporate Controller and to serve as the company’s principal accounting officer. Mr. Chandler will report to Kenneth R. Bowling, the company’s Executive Vice President, Chief Financial Officer, and Treasurer, and, in connection with Mr. Chandler’s appointment, Mr. Bowling will no longer serve as