0001157523-13-002668.txt : 20130514 0001157523-13-002668.hdr.sgml : 20130514 20130514142909 ACCESSION NUMBER: 0001157523-13-002668 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130508 ITEM INFORMATION: Other Events FILED AS OF DATE: 20130514 DATE AS OF CHANGE: 20130514 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: 13840857 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 a50632353.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)    May 8, 2013

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 8.01. – Other Events 3
Signature 4

Item 8.01.    Other Events.

Culp, Inc. (“Culp”) has entered into an asset purchase and consulting agreement with Bodet & Horst GmbH & Co. KG and certain of its affiliates (“B&H”) that provides for, among other things, the purchase of certain assets from B&H by Culp and the restructuring of existing consulting and non-compete arrangements between Culp and B&H.  Pursuant to the agreement, Culp has agreed to purchase certain equipment currently being used by B&H in its operations.  Culp and B&H agreed to replace the previously disclosed agreement between them that prevented Culp from selling certain mattress fabrics and products to a leading manufacturer, such that Culp will now be allowed to make such sales.  In addition, the current consulting and noncompete arrangement between B&H and Culp, under which B&H and affiliates agreed not to sell most mattress fabrics in North America, is replaced, expanded and extended pursuant to the new asset purchase and consulting agreement.  Financial terms of the agreement have not been disclosed, but are not material to Culp and its financial condition.

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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:

May 14, 2013

 

 

Culp, Inc.

 

 

 

By:

/s/ Kenneth R. Bowling

Kenneth R. Bowling

Chief Financial Officer



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