Other Information
−Removed: During the three months ended February 1, 2026 , none of the company's directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934) adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (as such terms are defined in Item 408 of Regulation S-K).
+Added: During the three months ended August 2, 2026 , none of the company's directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934) adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (as such terms are defined in Item 408 of Regulation S-K).
+Added: In accordance with applicable SEC rules, the following is intended to satisfy the Company’s Item 5.02 Form 8-K reporting obligations by making timely disclosure in accordance with Item 5(a) of Form 10-Q.
+Added: Item 5.02 Departure of Directors or Certain Officers;
+Added: Election of Directors;
+Added: Appointment of Certain Officers;
+Added: Compensatory Arrangements of Certain Officers.
+Added: Retirement of Chief Financial Officer
+Added: Consistent with the prior announcement in the company’s Form 8-K filed with the Securities and Exchange Commission on January 16, 2026, regarding the planned retirement of Kenneth R.
+Added: Bowling, the company’s Executive Vice President, Chief Financial Officer, and Treasurer, as well as its principal financial officer and principal accounting officer, Mr.
+Added: Bowling retired from these positions effective September 14, 2026.
+Added: As previously announced, Mr.
+Added: Bowling will continue to assist the Company through December 31, 2026, to facilitate a strategic and orderly transition of his responsibilities, and will continue to receive his current compensation and benefits for which he is eligible during this period.
+Added: Appointment of New Chief Financial Officer
+Added: On September 9, 2026, the company’s Board of Directors appointed Mary Beth Hunsberger, previously the company’s Chief Operating Officer, to serve as the company’s Chief Financial Officer, Treasurer, principal financial officer, and principal
+Added: accounting officer, effective September 14, 2026.
+Added: Hunsberger will also retain operational oversight responsibilities for the company in her new role.
+Added: Hunsberger, age 51, joined the company as Executive Vice President of the Culp Upholstery Fabrics division in January 2024, and she was named President of the Culp Upholstery Fabrics division in July 2024 and Chief Operating Officer of the company in April 2025.
+Added: Prior to joining the company, Ms.
+Added: Hunsberger served as President of North and South America for Dedon, Inc., from 2016 through 2023, and concurrently served as Chief Operating Officer of North and South America for Gloster Furniture during 2023.
+Added: Earlier in her career, Ms.
+Added: Hunsberger spent 13 years with Tempur + Sealy International, Inc.
+Added: (now Somnigroup International) serving in various capacities.
+Added: Hunsberger holds a Master of Business Administration from Wake Forest University and a Bachelor of Arts from the University of North Carolina at Chapel Hill.
+Added: In connection with Ms.
+Added: Hunsberger’s appointment to the role of Chief Financial Officer, she will receive an annual base salary of $315,000.
+Added: In addition, in connection with the company’s normal annual practice of granting cash incentive awards to executive officers, on August 21, 2026, Ms.
+Added: Hunsberger was granted a performance-based cash incentive award of between $0 and $220,500, with a target of $110,250, to align Ms.
+Added: Hunsberger’s compensation with company performance and the interest of shareholders.
+Added: Vesting for this cash award is tied to the adjusted EBITDA of the company for fiscal year 2027, with award funding payable in cash.
+Added: Fiscal 2027 adjusted EBITDA performance at a maximum performance level would result in the maximum cash award as described above.
+Added: Any earned award based on adjusted EBITDA is subject to a downward or upward adjustment of up to 20% if the company's net debt is, as applicable, below or above specific established levels.
+Added: Any earned cash award will be paid approximately one year after the date of grant if applicable company performance goals are met and Ms.
+Added: Hunsberger continues providing services to the company for the full vesting period.
+Added: Also on August 21, 2026, in connection with the company’s normal annual practice of granting long-term equity incentive awards to executive officers, Ms.
+Added: Hunsberger was granted performance-based restricted stock unit awards with a target grant date fair value of $177,436, along with a performance-based cash award of between $0 and $220,500 for above-target company performance, to align Ms.
+Added: Hunsberger’s compensation with longer-term company performance and the interest of shareholders.
+Added: Vesting for these equity and cash awards is tied to the adjusted EBITDA of the company for fiscal year 2029.
+Added: The potential number of shares of common stock in which Ms.
+Added: Hunsberger may vest in connection with the equity award is zero for below threshold performance, 20% of target (i.e., 0.20 shares per restricted stock unit) at threshold performance, and up to a maximum of 100% of the target restricted stock unit award (i.e., one share per restricted stock unit) if target goals are met, with award funding payable in stock.
+Added: For 2029 adjusted EBITDA performance beyond the target level, Ms.
+Added: Hunsberger is eligible to earn some or all of the cash award, with performance at a maximum 2029 adjusted EBITDA level resulting in the maximum cash award of $220,500.
+Added: These awards are subject downward or upward adjustment of up to 25% based on the company's three-year relative total shareholder return (TSR) performance as compared to the company's peer group.
+Added: The total long-term equity incentive award will not exceed 100% of the target amount of shares and the total long-term cash incentive award will not exceed $220,500.
+Added: Any earned stock or cash awards will be paid approximately three years after the date of grant if applicable company performance goals are met and Ms.
+Added: Hunsberger continues providing services to the company for the full vesting period.
+Added: Hunsberger has no family relationships with any director or executive officer of the company or any of its subsidiaries or affiliates, and there are no arrangements or understandings with any person pursuant to which she was appointed as Chief Financial Officer of the company.
+Added: There are also no related person transactions between Ms.
+Added: Hunsberger and the company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Exchange Act.
+Added: In her capacity as Chief Financial Officer, Ms.
+Added: Hunsberger will serve as the company’s principal financial officer.
The following exhibits are submitted as part of this report.
−Removed: 10.1 Fourth Amendment to the Second Amended and Restated Credit Agreement, dated as of November 4, 2025, by and among Culp, Inc., as Borrower, Read Window Products, LLC and Culp Fabrics Global, LLC, as Guarantors, and Wells Fargo Bank, National Association, as Lender.
31.1 Certification of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a).
13 unchanged sentences
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: March 13, 2026
+Added: September 11, 2026
/s/ Kenneth R.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.