09/23/2026 | Press release | Distributed by Public on 09/23/2026 08:39
Item 5.07 Submission of Matters to a Vote of Security Holders.
On September 23, 2026, Culp, Inc. (the "Company") held its annual meeting of shareholders. At the meeting, the Company's shareholders: (i) elected each of the seven persons listed below under Proposal 1 to serve as a director of the Company until the 2027 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 2027; 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 seven directors to serve until the 2027 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 |
9,309,448 |
31,027 |
1,599,935 |
|||
|
Robert G. Culp, IV |
9,316,262 |
24,213 |
1,599,935 |
|||
|
Kimberly B. Gatling |
8,319,729 |
1,020,746 |
1,599,935 |
|||
|
Lynn D. Heatherton |
9,201,806 |
138,669 |
1,599,935 |
|||
|
Franklin N. Saxon |
8,614,706 |
725,769 |
1,599,935 |
|||
|
William L. Tyson |
9,300,678 |
39,797 |
1,599,935 |
|||
|
Mark Wilson |
9,296,915 |
43,560 |
1,599,935 |
|||
Proposal 2: To ratify the appointment of Grant Thornton LLP as the Company's independent auditors for fiscal 2027
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
10,907,681 |
19,487 |
13,242 |
- |
Proposal 3: Advisory vote on the Company's named executive officers' compensation as disclosed in the 2026 Proxy Statement (Say-on-Pay)
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
8,300,425 |
968,580 |
71,470 |
1,599,935 |