Culp : Amendment to Statement of Changes in Beneficial Ownership - Form 4/A
August 22, 2022 at 11:36 pm
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Ownership Submission
FORM 4/A
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(**)
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(1)
Contingent right to receive issuance of Culp, Inc. common stock.
(2)
1/2 of these restricted stock units (13,472 RSUs) vest and convert into the right to receive one share of common stock per RSU (13,472 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 (13,472 RSUs) could vest and convert into the right to receive up to 2 shares of common stock per RSU (26,944 total shares of common stock) if the company achieves performance criteria over a three year period beginning May 2, 2022, and ending April 27, 2025, per the terms of the award agreement.
(3)
This Amendment is being file to correct an error in the previously reported Table II - "Number of derivative Securities Beneficially Owned Following Reported Transaction(s)" (Column 9).
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Culp Inc. published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2022 22:35:05 UTC.
Culp, Inc. is a marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The Company markets a variety of fabrics to its global customer base of bedding and furniture companies, including fabrics produced at the Company's manufacturing facilities and fabrics sourced through other suppliers. The Company operates through two segments. The mattress fabrics segment markets primarily knitted and woven fabrics, as well as sewn covers made from those fabrics, which are used in the production of bedding products, including mattresses, foundations, and mattress sets. The upholstery fabrics segment markets a variety of fabric products that are used principally in the production of residential and commercial upholstered furniture, including sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating, as well as window treatment products and installation services for customers in the hospitality and commercial industries.