Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 70

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 70
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 ratio reported by other companies may not be comparable to our estimates reported above, as other companies may have different employment and compensation practices and may utilize different methodologies, exclusions, estimates and assumptions in calculating their own pay ratios.

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Pay versus Performance As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between ‟compensation actually paid” as determined in accordance with Item 402(v) of Regulation S-K, of our NEOs and certain financial performance measures of our Company. The table presents ‟compensation actually paid” in accordance with the requirements of the SEC rule for ‟smaller reporting companies.” As identified in the footnotes to the table, the determination of ‟compensation actually paid” includes adjustments to reflect, among other things, period-to-period changes in the value of unvested equity awards. Accordingly, such amounts do not reflect the value of compensation actually delivered to, or received by the PEO or the Non-PEO NEOs, in the period reported in the table, as the amount of actual compensation received by any executive officer depends on whether the executive officer satisfies the conditions for vesting of any such award, the extent to which performance conditions for performance-based awards are satisfied, and the value of our common stock on the date such awards vest. Additionally, the calculation of ‟compensation actually paid” differs significantly from the Summary Compensation Table calculation of compensation and the way in which the Committee views annual compensation decisions, as discussed in the Compensation Discussion and Analysis section of this Proxy Statement. You should refer to the Compensation Discussion and Analysis section for a complete description of how executive compensation relates to our performance and how the Committee makes its compensation decisions.

Pay versus Performance

| Fiscal 
 Year   |     | Summary         
 Compensation    
 Table Total for 
 PEO (1)         
 ($)             |           |     | Compensation 
 Actually     
 Paid to      
 PEO (1) (2)  
 ($)          |         |     | Average         
 Summary         
 Compensation    
 Table Total for 
 Non-PEO         
 NEOs (3)        
 $               |         |     | Average          
 Compensation     
 Actually Paid to 
 Non-PEO          
 NEOs (2)         
 $                |         |     | Value of Initial 
       Fixed $100 
       Investment 
   Based on Total 
      Shareholder 
      Returns (4)