0000921895-24-001574.txt : 20240716 0000921895-24-001574.hdr.sgml : 20240716 20240716174659 ACCESSION NUMBER: 0000921895-24-001574 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240712 FILED AS OF DATE: 20240716 DATE AS OF CHANGE: 20240716 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW, LP CENTRAL INDEX KEY: 0001694297 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 241120560 BUSINESS ADDRESS: STREET 1: 590 1ST AVE S, UNIT C1 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 206-437-9174 MAIL ADDRESS: STREET 1: 590 1ST AVE S, UNIT C1 CITY: SEATTLE STATE: WA ZIP: 98104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW Fund, LP CENTRAL INDEX KEY: 0001640809 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 241120559 BUSINESS ADDRESS: STREET 1: 1455 NW LEARY WAY STREET 2: SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 BUSINESS PHONE: 206-227-3078 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY STREET 2: SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW GP, Inc. CENTRAL INDEX KEY: 0001783663 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 241120557 BUSINESS ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 BUSINESS PHONE: 206-227-3078 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: English Aron R. CENTRAL INDEX KEY: 0001770436 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 241120561 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: 22NW Fund GP, LLC CENTRAL INDEX KEY: 0001770575 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 241120558 BUSINESS ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 BUSINESS PHONE: 206-227-3078 MAIL ADDRESS: STREET 1: 1455 NW LEARY WAY, SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98107 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CULP INC CENTRAL INDEX KEY: 0000723603 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILLS, COTTON [2211] ORGANIZATION NAME: 04 Manufacturing 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 4 1 form410680017_07162024.xml OWNERSHIP DOCUMENT X0508 4 2024-07-12 0 0000723603 CULP INC CULP 0001770436 English Aron R. 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001694297 22NW, LP 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001640809 22NW Fund, LP 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001770575 22NW Fund GP, LLC 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0001783663 22NW GP, Inc. 590 1ST AVE. S UNIT C1 SEATTLE WA 98104 0 0 1 0 0 Common Stock 2024-07-12 4 P 0 13275 5.0749 A 1321744 I By: 22NW Fund, LP Common Stock 2024-07-16 4 P 0 9703 5.1902 A 1331447 I By: 22NW Fund, LP Common Stock 1450 D This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.05 to $5.13, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.14 to $5.25, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. /s/ Aron R. English 2024-07-16 22NW Fund, LP; By: 22NW Fund GP, LLC; By: /s/ Aron R. English, Manager 2024-07-16 22NW, LP; By: 22NW GP, Inc.; By: /s/ Aron R. English, President and Sole Shareholder 2024-07-16 22NW Fund GP, LLC; By: /s/ Aron R. English, Manager 2024-07-16 22NW GP, Inc., By: /s/ Aron R. English, President and Sole Shareholder 2024-07-16