Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 77

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 77
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. The Audit Committee has also discussed with Grant Thornton the matters required to be discussed by Statement on Auditing Standards No. 61, Communications with Audit Committees, as amended (AICPA, Professional Standards, Vol. 1. AU Section 380), as adopted by the Public Company Accounting Oversight Board in Rule 3200T. In addition, the Audit Committee has received from Grant Thornton the written disclosures and letter required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant’s communications with the Audit Committee concerning independence, and has discussed with Grant Thornton its independence from the Company and its management. The Audit Committee also has considered whether Grant Thornton’s provision of non-audit services, if any, to the Company is compatible with the concept of auditor independence.

Based on the reviews and discussions referred to above, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the year ended April 27, 2025, for filing with the Securities and Exchange Commission.

The foregoing report has been furnished by members of the Audit Committee.

John A. Baugh, Chairman

Sharon A. Decker

Kimberly B. Gatling

Fred A. Jackson

Alexander B. Jones

William L. Tyson

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FEES PAID TO INDEPENDENT AUDITORS The following table sets forth the fees billed to the Company by Grant Thornton LLP for services in fiscal 2025 and fiscal 2024.

|                        |     | Fiscal 2025 |         |     | Fiscal 2024 |         |
|:-----------------------|:----|:------------|--------:|:----|:------------|--------:|
| Audit Fees             |     | $           | 527,517 |     | $           | 506,000 |
| Audit-Related Fees (1) |     | $           |  73,525 |     | $           |       — |
| Tax Fees               |     | $           |       — |     | $           |       — |
| All Other Fees (2)     |     | $           |       — |     | $           |  15,000 |
| Total Fees             |     | $           | 601,042 |     | $           | 521,000 |

(1) Audit-Related Fees for fiscal 2025 consist of fees for services related to the Company's fiscal 2025 restructuring activities