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

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 14
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 al." on page 21 for a description of that agreement. (3) Based upon information obtained from a Schedule 13G/A filed by Gate City Capital Management, LLC and Michael Melby with the SEC on May 15, 2025, reporting 1,188,670 shares owned as of March 31, 2025. Michael Melby is the managing member of Gate City Capital Management, LLC and is deemed to beneficially own the shares held by Gate City Capital Management, LLC. (4) Based upon information obtained from a Schedule 13G filed by Ameriprise Financial, Inc. ("AFI") and Columbia Management Investment Advisors, LLC ("CMIA") with the SEC on May 15, 2025 (the "Schedule 13G"), reporting 631,956 shares beneficially owned as of March 31, 2025. According to the Schedule 13G, AFI has shared voting power with respect to 631,933 of such shares and shared dispositive power with respect to 631,956 of such shares, and CMIA has shared voting and dispositive power with respect to 631,933 of such shares.

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Based upon information obtained from a Schedule 13F-HR filed with the SEC on May 14, 2025, Renaissance Technologies LLC has the power to vote 629,817 shares. Shares reported are directly owned by Renaissance Technologies LLC. Based on information obtained from a Schedule 13G/A filed with the SEC on February 13, 2024, Renaissance Technologies Holdings Corporation is the majority owner of Renaissance Technologies LLC and is deemed to beneficially own the shares held by Renaissance Technologies LLC.

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PROPOSAL 1: ELECTION OF DIRECTORS</div>

We are managed under the direction of our board of directors (the "Board"), which is currently composed of eight members. The authorized number of directors comprising our Board may not be less than five nor more than nine, with the actual number to be fixed from time to time by resolution of our Board, subject to the terms of our articles of incorporation and bylaws.

Under the Company’s bylaws, directors are elected at each annual meeting and hold office for a one-year term or until their respective successors are elected and have qualified. The terms of all eight of our current directors expire at the Annual Meeting. Two of our directors, John A. Baugh and Sharon A. Decker, are not standing for re-election