Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 62

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 62
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 and Analysis section of this Proxy Statement.                                   |
| *** | The amounts shown in this column represent the amount of interest earned during the fiscal year on the officer’s account balance under our supplemental non-qualified deferred compensation plan that the SEC considers to be “above market.” The Compensation Committee is responsible for setting this interest rate.  The interest rate for fiscal 2025 and fiscal 2024 was the rate for 30-year U.S. Treasury notes plus 2.5%.  For more information about this plan, see “Non-Qualified Deferred Compensation” below. |

(1) The stock award values reflected in this column represent the restricted stock units granted in fiscal 2025 and fiscal 2024. These values reflect the aggregate grant date fair value computed in accordance with ASC Topic 718 for fiscal 2025 and fiscal 2024 for equity-based awards granted to each NEO, with these award values calculated based on the probable level of achievement at the time of grant, excluding the effect of forfeitures. Therefore, the award values reflect the estimated aggregate compensation expense to be recognized in the Company’s financial statements over the relevant performance/service period determined as of the grant date, and do not reflect the actual value, if any, that may be received by executive officers for their awards. For information about the relevant assumptions made in calculating compensation expense, please see note 15 – “Stock-Based Compensation” to the financial statements included in our fiscal 2025 Annual Report on Form 10‑K. The potential maximum aggregate grant date fair value of these equity-based awards for fiscal 2025 is as follows: Mr. Culp: $1,150,539, Mr. Bowling: $485,801, and Mr. Bruno: $460,678. (2) The following table shows the components of “All Other Compensation” for fiscal 2025.

|             | 401(k) plan 
 match       
 ($)         |        |     | Amount paid    
 for group life 
 insurance      
 (a)            
 ($)            |       |     | Contribution  
 to            
 non-qualified 
 deferred      
 compensation  
 plan          
 ($)           |        |     | Perquisites 
 (b)         
 ($)         |        |     | Total 
 ($)   |         |
| Mr. Culp    |             | 13,800 |     |                | 1,560 |     |               | 92,187 |     |             |  8,400 |     |       | 115,947 |
| Mr.