Company: CULP
Filing Date: 2025-04-24
Form Type: 8-K
Source: 0000950170-25-058079
Chunk: 1

Company: CULP INC
Filing Date: 2025-04-24
Form: 8-K
Item: Item 7.01
Chunk 1
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Item 7.01 Regulation FD Disclosure.

On April 24, 2025, the Company issued a press release announcing the strategic transformation of its operating model through the combination of its two operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes, and increase responsiveness to customer needs and market trends. This integration initiative includes, among other actions, the closure of the leased facility operated by the Company’s upholstery fabrics division in Burlington, North Carolina, and transition of those operations into a shared management model within the Company’s owned facility in Stokesdale, North Carolina currently operated by its mattress fabric division.

In connection with this integration, Thomas M. Bruno, formerly President of the Culp Home Fashions mattress fabric division, was appointed by the Board to serve as the Company’s Chief Commercial Officer and, as referenced in Item 5.02 above, Ms. Hunsberger was appointed by the Board to serve as the Company’s Chief Operating Officer.

A copy of the press release is attached as Exhibit 99.1 for reference. The information in this Item 7.01 of Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.

Item 9.01 - Exhibits.