0001157523-12-004896.txt : 20120919 0001157523-12-004896.hdr.sgml : 20120919 20120919172755 ACCESSION NUMBER: 0001157523-12-004896 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120918 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120919 DATE AS OF CHANGE: 20120919 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: 0429 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 121100454 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 a50414601.htm 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)    September 18, 2012

Culp, Inc.
(Exact Name of Registrant as Specified in its Charter)


North Carolina

 

1-12597

 

56-1001967

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

 

(I.R.S. Employer

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))

INDEX

Page

 

Item 5.07 – Submission of Matters to a Vote of Security Holders

3

 

Item 8.01 – Other Events

4

 

Item 9.01(d) – Exhibits

4

 

Signature

5

 

Exhibit Index

6

Item 5.07.          Submission of Matters to a Vote of Security Holders.

On September 18, 2012, Culp, Inc. (the “Company”) held its annual meeting of shareholders.  At the meeting, the Company’s shareholders: (i) elected each of the five persons listed below under Proposal 1 to serve as a director of the Company until the 2013 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 2013; and (iii) voted for a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers (Say on Pay vote).  The following information sets forth the results of the voting at the annual meeting.

Proposal 1:  To elect five directors to serve until the 2013 annual meeting of shareholders, or until their successors are elected and qualified

  Director Nominee Shares
Voted For

Shares
Withheld

Broker
Non-Votes
Robert G. Culp, III 9,465,501 271,408 2,420,160
Patrick B. Flavin 9,307,433 429,476 2,420,160
Kenneth R. Larson 9,635,196 101,713 2,420,160
Kenneth W. McAllister 9,634,801 102,108 2,420,160
Franklin N. Saxon 9,628,049 108,860 2,420,160

Proposal 2:  To ratify the appointment of Grant Thornton LLP as the Company’s independent auditors for fiscal 2013

 

For

12,136,825

Against

4,399

Abstain

15,845

Broker Non-Votes

0

Proposal 3:  Advisory vote on executive compensation (Say on Pay)

 

For

9,703,163

Against

25,839

Abstain

7,907

Broker Non-Votes

2,420,160

3

Item 8.01.          Other Events.

On September 19, 2012, the Company issued a news release to announce a cash dividend.  The Company reported that its board of directors had declared a cash dividend of three cents per share on its common stock, payable on October 15, 2012 to shareholders of record on October 1, 2012.

Item 9.01(d).       Exhibits.

Exhibit 99(a)       News Release dated September 19, 2012

4

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:

September 19, 2012

 

 

Culp, Inc.

 

 

 

By:

/s/ Kenneth R. Bowling

Kenneth R. Bowling

Chief Financial Officer

5

EXHIBIT INDEX

Exhibit Number

 

Exhibit

 

99(a)

News Release dated September 19, 2012

6

EX-99.(A) 2 a5041460ex99a.htm EXHIBIT 99(A)

Exhibit 99(a)

Culp, Inc. Announces Cash Dividend

HIGH POINT, N.C.--(BUSINESS WIRE)--September 19, 2012--Culp, Inc. (NYSE: CFI), today announced its Board of Directors has declared a cash dividend of $0.03 (three cents) per share payable October 15, 2012, to stockholders of record on October 1, 2012.

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.
Kenneth R. Bowling, 336-881-5630
Chief Financial Officer