Culp, Inc. (NYSE:CFI) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
| One year | 8,881,732 |
| Two years | 33,810 |
| Three years | 2,081,708 |
| Abstain | 3,581 |
| Broker Non-Votes | 586,541 |
The Company’s board of directors had recommended that the shareholders vote to hold the Say on Pay vote every one year.
In accordance with the vote of its shareholders and the recommendation of its board of directors, the Company has decided to hold the Say on Pay vote every year at each annual meeting of shareholders.This filing is made as an amendment to the Original Filing to disclose that decision.
About Culp, Inc. (NYSE:CFI)
Culp, Inc. is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture. The Company operates through two segments: mattress fabrics (Culp Home Fashions) and upholstery fabrics. Its mattress fabrics segment manufactures and markets mattress fabric and mattress covers to bedding manufacturers. Its upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, piece-dyed woven products and polyurethane leather look fabrics. The Company markets a range of fabrics in the categories, including fabrics produced at its manufacturing facilities and fabrics produced by other suppliers.
