Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 72

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 72
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 earliest year presented in the table and ending the last day of the covered year, which includes the reinvestment of dividends paid on our common stock during the relevant period. (5) The dollar amounts reported in this column represent the amount of net loss reflected in our consolidated audited financial statements for the applicable year .

Graphical Presentations of the Relationship of Executive Compensation to Certain Performance Measures

The following charts present the relationship for the periods presented in the foregoing table between the “compensation actually paid” for each of the PEOs and the average “compensation actually paid” for the Non-PEO NEOs and each of the Company’s TSR and net loss.

<div align='center'>Relationship of Executive Compensation Actually Paid to TSR of the Company

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Relationship of Executive Compensation Actually Paid to Net Loss

50</div>

COMPENSATION OF DIRECTORS Directors who are also employees of the Company do not receive additional compensation for service as directors. Our compensation for non-employee directors consists of an annual cash retainer and an equity award. The equity component of our non-employee director compensation package consists of a single annual award of service-based restricted stock units issued under our Amended and Restated Equity Incentive Plan to be made following each annual shareholder meeting, in an amount equal to the annual cash retainer. These service-based restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant and (ii) the next annual meeting of shareholders which is at least 50 weeks after the immediately preceding year's annual meeting, provided that the non-employee director remains as a director of the Company through the vesting date, except in certain limited circumstances set forth in the related award agreement between the Company and the non-employee director. For fiscal 2025, we paid our directors, other than Mr. Saxon, who were not employees of the Company at any time during the fiscal year the following compensation: • an annual cash retainer, paid in quarterly installments, based on a fee of $60,000 for the lead independent director and $55,000 for the other non-employee directors; • an annual grant of service-based restricted stock units under our Amended and Restated Equity Incentive Plan with a value of $60,000 for the lead independent director and $55,000 for the other non-employee directors. These service-based restricted stock units vest and convert into the right to receive one share of common stock per restricted stock unit at the end of the vesting period