0001765814-20-000006.txt : 20200110
0001765814-20-000006.hdr.sgml : 20200110
20200110154335
ACCESSION NUMBER: 0001765814-20-000006
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200101
FILED AS OF DATE: 20200110
DATE AS OF CHANGE: 20200110
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brown Cassandra J
CENTRAL INDEX KEY: 0001799536
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12597
FILM NUMBER: 20520983
MAIL ADDRESS:
STREET 1: 7209 HWY 158
CITY: STOKESDALE
STATE: NC
ZIP: 27357
ISSUER:
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: 0503
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
3
1
primary_doc.xml
PRIMARY DOCUMENT
X0206
3
2020-01-01
0
0000723603
CULP INC
CULP
0001799536
Brown Cassandra J
1823 EASTCHESTER DRIVE
HIGH POINT
NC
27265
0
1
0
0
President, Culp Home Fashions
Common Stock
9725
D
Restricted Stock Units
0
Common Stock
10243
D
Restricted Stock Units
0
Common Stock
2400
D
Restricted Stock Units
0
Common Stock
2400
D
Contingent right to receive issuance of Culp, Inc. common stock.
1/2 of these restricted stock units (3,414 RSUs) vest and convert into the right to receive one share of common stock per RSU (3,414 total shares of common stock) at the end of three years if the participant remains employed by the company as of such date; the remaining 1/2 of these restricted stock units (3,414 RSUs) could vest up to 2 shares of common stock (6,829 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning April 29, 2019 and ending May 1, 2022, per the terms of the award agreement.
These restricted stock units could vest up to a maximum of 2 shares of common stock per unit (2,400 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning April 30, 2018 and ending May 2, 2021, per the terms of the award agreement.
These restricted stock units could vest up to a maximum of 2 shares of common stock per unit (2,400 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning May 1, 2017 and ending May 3, 2020, per the terms of the award agreement.
Exhibit List Exhibit 24 - Power of Attorney - CE
/s/ Ashley C. Durbin, Attorney-in-Fact
2020-01-10
EX-24
2
brownpoa.txt
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby
constitutes and appoints each of Ashley C. Durbin, Thomas B.
Gallagher, Teresa A. Huffman and Kenneth R. Bowling, signing
singly, the undersigned's true and lawful attorney-in-fact to:
1. execute for and on behalf of the undersigned, in the
undersigned's capacity as an officer and/or director of
Culp, Inc. (the "Company"), Forms 3, 4, and 5 in accordance
with Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder;
2. do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4, or 5, complete and execute
any amendment or amendments thereto, and timely file such
form with the United States Securities and Exchange
Commission and any stock exchange or similar authority; and
3. take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such attorney-
in-fact, may be of benefit to, in the best interest of, or
legally required by, the undersigned, it being understood
that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and
thing whatsoever requisite, necessary, or proper to be done in
the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution
or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any
of the undersigned's responsibilities to comply with Section 16
of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms
3, 4, and 5 with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier
revocation by the undersigned in a signed writing delivered to
the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power
of Attorney to be executed as of this 8th day of January, 2020.
/s/ Cassandra Brown
Cassandra Brown