0001765814-21-000031.txt : 20210803 0001765814-21-000031.hdr.sgml : 20210803 20210803175303 ACCESSION NUMBER: 0001765814-21-000031 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210722 FILED AS OF DATE: 20210803 DATE AS OF CHANGE: 20210803 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Huffman Teresa Atkins CENTRAL INDEX KEY: 0001876526 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12597 FILM NUMBER: 211141361 MAIL ADDRESS: STREET 1: 1823 EASTCHESTER DRIVE CITY: HIGH POINT STATE: NC ZIP: 27265 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 2021-07-22 0 0000723603 CULP INC CULP 0001876526 Huffman Teresa Atkins 1823 EASTCHESTER DRIVE HIGH POINT NC 27265 0 1 0 0 Senior VP, Human Resources Common Stock 2216 D Restricted Stock Units 0 Common Stock 2682 D Restricted Stock units 0 Common Stock 2550 D Contingent right to receive issuance of Culp, Inc. common stock. These time-based restricted stock units could vest at one share of common stock per unit (2,682 total shares) if the recipient remains employed by the company at the end of the three-year vesting period beginning August 6, 2020 and ending August 6, 2023, per the terms of the award agreement. 1/2 of these restricted stock units (850 RSUs) could vest and convert into the right to receive one share of common stock per RSU (850 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 (850 RSUs) could vest at up to 2 shares of common stock (1,700 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. Exhibit List Exhibit 24 - Power of Attorney - CE /s/ Ashley C. Durbin, Attorney-in-Fact 2021-08-03 EX-24 2 poateresahuffman.txt POWER OF ATTORNEY POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints each of Ashley C. Durbin, Thomas B. Gallagher, 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 30th day of July, 2021. /s/ Teresa Atkins Huffman Teresa Atkins Huffman