Results

Culp Inc.

01/16/2026 | Press release | Distributed by Public on 01/16/2026 15:18

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Planned Retirement of Chief Financial Officer

On January 16, 2026, Kenneth R. Bowling, Culp, Inc.'s (the "Company") Executive Vice President, Chief Financial Officer, and Treasurer, as well as its principal financial officer, notified the Company of his plan to retire at the end of calendar year 2026, after approximately 30 years with the Company. The advanced notice and planning is intended to facilitate a strategic and orderly transition of Mr. Bowling's duties and responsibilities. Mr. Bowling will continue to serve in his current position and capacity with the Company until the earlier of December 31, 2026, or the appointment of his successor. Mr. Bowling has agreed to assist in the transition to a new chief financial officer, and the Company has agreed to pay Mr. Bowling his current compensation, and benefits for which he is eligible, through December 31, 2026. The Company has initiated a comprehensive external search for Mr. Bowling's successor.

Mr. Bowling's retirement is not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

Resignation of Principal Accounting Officer

On January 12, 2026, Ronald S. Chandler notified the Company of his decision to resign from his position as Vice President and Corporate Controller and his capacity as the Company's principal accounting officer. Mr. Chandler's resignation will be effective as of February 13, 2026, and he will continue serving in his current position and capacity through such date.

Mr. Chandler's resignation is not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

Following the effective date of Mr. Chandler's resignation, Mr. Bowling will assume the role and responsibilities of principal accounting officer on an interim basis. Mr. Bowling's biographical information is disclosed in the Company's Definitive Proxy Statement on Schedule 14Afiled with the Securities and Exchange Commission on August 15, 2025, and such information is incorporated herein by reference.

Culp Inc. published this content on January 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 16, 2026 at 21:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]