Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 61

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 61
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ferenced cap (50% of target) under the annual short-term incentive plan.

The supplemental non-qualified deferred compensation plan was also continued for fiscal 2026, with Company contributions to the account of Mr. Culp, Mr. Bowling, and Mr. Bruno expected to be similar to fiscal 2025.

Conclusion

The Committee has considered each of the elements of our named executive officers’ compensation as described above. It also has considered the total amounts of current compensation, retirement compensation, and potential compensation from equity awards and severance protection that these elements provide to our named executive officers. The Committee believes the amount of each compensatory element and the total amount of compensation for each NEO is reasonable and appropriate in light of the officer’s experience and individual performance contribution, and our recent operational and financial results. The Committee also believes that the extensive shareholder outreach conducted in fiscal 2024, along with the resulting changes made to our executive compensation programs in fiscal 2025, demonstrate very meaningful responsiveness to the fiscal 2024 Say-on-Pay vote and shareholder feedback.

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COMPENSATION COMMITTEE REPORT</div>

The Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K. Based on its review and discussion, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement and in our Annual Report on Form 10-K for filing with the Securities and Exchange Commission.

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

Sharon A. Decker, Chair

John A. Baugh

Kimberly B. Gatling

Fred A. Jackson

Alexander B. Jones

William L. Tyson

<div align='center'>40</div>

SUMMARY COMPENSATION TABLE The following table shows the compensation we paid for fiscal 2025 and fiscal 2024 to our NEOs.

| Name and Principal        |     |      |     | Salary  |     | Bonus |     | Stock   
 Awards  |     | Option 
 Awards |     | Non-Equity     
 Incentive Plan 
 Compensation   |     | Change in    
 Pension      
 Value and    
 Nonqualified 
 Deferred     
 Compensation 
 Earnings     |     | All Other    
 Compensation |     | Total     |
| Position                  
 (a)                       |     | Year 
 (b)  |     | ($)     
 (c)*    |     | -$)   
 (d    |     | -$)     
 (