Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED ST OCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Registrar and Transfer Agent
Computershare Trust Company, N.A.
Correspondence should be mailed to:
Computershare
P.O. Box 43006
Providence, RI 02940-3006
Overnight correspondence should be sent to:
Computershare
150 Royall St.
Canton, MA 02021
(800) 254-5196
(781) 575-2879 (Foreign shareholders)
www.computershare.com/investor
Stock Listing
Effective March 6, 2026, the principal market which Culp Inc.'s common stock is listed is the Nasdaq Stock Market LLC (Nasdaq). Prior to March 6, 2026, Culp Inc.'s common stock was listed on the New York Stock Exchange. The common stock trades under the symbol CULP. As of May 3, 2026, Culp, Inc. had approximately 1,942 shareholders based on the number of holders of record and an estimate of individual participants represented by security position listings.
Analyst Coverage
The following analyst covers Culp, Inc.:
Water Tower Research, LLC – Doug Lane
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Dividends and Share Repurchases; Sales of Unregistered Securities
Share Repurchases
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(a)
Total
Number
of Shares
Purchased
(b)
Average
Price
Paid per
Share
(c)
Total Number
of Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
(d)
Approximate
Dollar Value
of Shares that
May Yet Be
Purchased
Under
the Plans or
Programs (1)
February 2, 2026 to March 8, 2026
—
$
—
—
$
3,248,094
March 9, 2026 to April 5, 2026
—
$
—
—
$
3,248,094
April 6, 2026 to May 3, 2026
—
$
—
—
$
3,248,094
Total
—
$
—
—
$
3,248,094
(1) In March 2020, our board of directors approved an authorization for us to acquire up to $5.0 million of our common stock.
Dividends
On June 29, 2022 (fiscal 2023), our board of directors announced the decision to suspend the company’s quarterly cash dividend. We believed that preserving capital and managing our liquidity was in the company’s best interest to support future growth and the long-term interests of our shareholders. Accordingly, we did not make any dividend payments during fiscal 2026, 2025, or 2024.
Our board of directors has sole authority to determine if and when we will declare future dividends, and on what terms. We will continue to reassess our dividend policy each quarter. Future dividend payments will depend on earnings, capital requirements, financial condition, excess availability under our lines of credit, market and economic conditions, and other factors, including alternative investment opportunities.
Sales of Unregistered Securities
There were no sales of unregistered securities during fiscal 2026, 2025, or 2024.
ITE M 6. [RESERVED]
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