Culp shareholders re-elect board, approve auditors and executive pay

Culp, Inc. (NASDAQ:CULP) held its annual meeting of shareholders on Wednesday, during which shareholders elected all seven director nominees to serve until the 2027 annual meeting or until their successors are elected and qualified. The elected directors include J. Douglas Collier, Robert G. Culp, IV, Kimberly B. Gatling, Lynn D. Heatherton, Franklin N. Saxon, William L. Tyson, and Mark Wilson, with Robert G. Culp, IV receiving the highest support at 9,316,262 shares voted for.

Additionally, shareholders ratified the appointment of Grant Thornton LLP as the company’s independent auditors for fiscal 2027, with a vote of 10,907,681 shares in favor, 19,487 against, and 13,242 abstentions. Furthermore, shareholders approved, on an advisory basis, the compensation paid to the company’s named executive officers, known as the “Say-on-Pay” vote, with 8,300,425 shares in favor, 968,580 against, and 71,470 abstentions.

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