09/25/2025 | Press release | Distributed by Public on 09/25/2025 08:42
On September 24, 2025, Culp, Inc. (the "Company") held its annual meeting of shareholders. At the meeting, the Company's shareholders: (i) elected each of the eight persons listed below under Proposal 1 to serve as a director of the Company until the 2026 annual meeting, or until their successors are elected and qualified; (ii) ratified the appointment of Grant Thornton LLP as the independent auditors of the Company for fiscal 2026; and (iii) voted for a resolution approving, on an advisory basis, the compensation paid to the Company's named executive officers (a "Say-on-Pay" vote). The following information sets forth the results of the voting at the annual meeting:
Proposal 1: To elect eight directors to serve until the 2026 annual meeting of shareholders, or until their successors are elected and qualified
Director Nominee |
Shares Voted For |
Shares Withheld |
Broker Non-Votes |
|||
J. Douglas Collier |
9,083,927 |
151,436 |
1,476,332 |
|||
Robert G. Culp, IV |
7,682,799 |
1,552,564 |
1,476,332 |
|||
Kimberly B. Gatling |
8,048,834 |
1,186,529 |
1,476,332 |
|||
Lynn D. Heatherton |
9,081,322 |
154,041 |
1,476,332 |
|||
Fred A. Jackson |
8,048,680 |
1,186,683 |
1,476,332 |
|||
Alexander B. Jones |
9,082,828 |
152,535 |
1,476,332 |
|||
Franklin N. Saxon |
7,380,496 |
1,854,867 |
1,476,332 |
|||
William L. Tyson |
9,204,490 |
30,873 |
1,476,332 |
Proposal 2: To ratify the appointment of Grant Thornton LLP as the Company's independent auditors for fiscal 2026
For |
Against |
Abstain |
Broker Non-Votes |
|||
10,681,598 |
13,623 |
16,474 |
- |
Proposal 3: Advisory vote on the Company's named executive officers' compensation as disclosed in the 2025 Proxy Statement (Say-on-Pay)
For |
Against |
Abstain |
Broker Non-Votes |
|||
7,489,641 |
1,677,090 |
68,632 |
1,476,332 |