-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HRfXtzAsBoiSSYrpDXlVbVDslvrbPSbT5yMwGQbBhMnxSkwpFoe6qv8evmTZauBm Dc972M29RGj+WG9Od1cc7w== 0001157523-07-002754.txt : 20070316 0001157523-07-002754.hdr.sgml : 20070316 20070316155347 ACCESSION NUMBER: 0001157523-07-002754 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070313 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070316 DATE AS OF CHANGE: 20070316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CULP INC CENTRAL INDEX KEY: 0000723603 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILLS, COTTON [2211] IRS NUMBER: 561001967 STATE OF INCORPORATION: NC FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 07700126 BUSINESS ADDRESS: STREET 1: 1823 EASTCHESTER DRIVE CITY: HIGH POINT STATE: NC ZIP: 27265 BUSINESS PHONE: 3368895161 MAIL ADDRESS: STREET 1: P O BOX 2686 CITY: HIGH POINT STATE: NC ZIP: 27265 8-K 1 a5357373.txt CULP, INC. 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) March 13, 2007 -------------- Culp, Inc. ---------- (Exact Name of Registrant as Specified in its Charter) North Carolina 0-12781 56-1001967 - ----------------------------- ------------------------ -------------------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 1823 Eastchester Drive High Point, North Carolina 27265 ----------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (336) 889-5161 ----------------------------------------------------- (Registrant's Telephone Number, Including Area Code) Not Applicable ----------------------------------------------------- (Former name or address, if changed from last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. On March 13, 2007, the board of directors of Culp, Inc. (the "Company") took action to appoint Kenneth R. Bowling as chief financial officer (principal financial officer) of the Company, effective May 1, 2007. Mr. Bowling, age 45, joined the Company in 1997 as controller for the former Culp Velvets/Prints division. He was promoted to corporate controller in 2001 and took on additional responsibilities as assistant treasurer in 2002. Mr. Bowling has served as the Company's vice president, finance and treasurer since 2004. He also serves as the Company's principal accounting officer. A press release issued by the Company on March 13, 2007 to disclose these changes is included in this filing as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 - Press Release dated March 13, 2007 SIGNATURES 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 hereunto duly authorized. Date: March 16, 2007 Culp, Inc. By: /s/ Franklin N. Saxon --------------------- Franklin N. Saxon President EXHIBIT INDEX Exhibit Number Exhibit - -------------- ------- 99.1 Press Release dated March 13, 2007 EX-99.1 2 a5357373ex991.txt EXHIBIT 99.1 Exhibit 99.1 Culp Names Ken Bowling Chief Financial Officer HIGH POINT, N.C.--(BUSINESS WIRE)--March 13, 2007--Culp, Inc. (NYSE: CFI) today announced the company has named Kenneth R. Bowling, age 45, chief financial officer, effective May 1, 2007. Bowling has served as the company's vice president, finance and treasurer since 2004. He joined Culp in 1997 as controller for the former Culp Velvets/Prints division. He was promoted to corporate controller in 2001 and took on additional responsibilities as assistant treasurer in 2002. Prior to joining Culp, Bowling was controller for a division of Hamilton Beach/Proctor Silex. He holds a bachelors degree in business administration from Berea College and a masters of business administration (MBA) from Wake Forest University. Commenting on the announcement, Frank Saxon, president of Culp, Inc., said, "Ken Bowling is well qualified to become chief financial officer of Culp. With over ten years of financial experience with the company, he has a deep understanding of our business and what it takes to manage and protect our financial assets. Ken has worked with me closely in many aspects of the company's management and operations and will add considerable depth and dimension to our senior management team as we continue to execute our strategy in today's global marketplace." Bowling will report directly to Saxon, who was recently named chief executive officer of Culp, effective May 1, 2007. About Culp, Inc. Culp, Inc. is one of the world's largest marketers of mattress fabrics for bedding and upholstery fabrics for furniture. The company's fabrics are used principally in the production of bedding products and residential and commercial upholstered furniture. CONTACT: Culp, Inc., High Point Kenneth M. Ludwig, 336-889-5161 Senior Vice President, Human Resources -----END PRIVACY-ENHANCED MESSAGE-----