{"url_path":"/sec/culp/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-17","source_url":"https://www.sec.gov/Archives/edgar/data/723603/0001193125-26-307064-index.html","accession_number":"0001193125-26-307064","cik":"0000723603","ticker":"CULP","issuer_name":"CULP INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/723603/0001193125-26-307064-index.html","primary_entity_key":"0000723603","primary_entity_name":"CULP INC"},"word_count":1495,"has_tables":true,"body_markdown":"ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES\n\n \n\na)\nDOCUMENTS FILED AS PART OF THIS REPORT:\n\n1.\nConsolidated Financial Statements\n\nThe following consolidated financial statements of Culp, Inc. and its subsidiaries are filed as part of this report.\n\n \n\nItem\n\nPage of Annual\n\nReport on\n\nForm 10-K\n\n[Report of Independent Registered Public Accounting Firm](#report_independent_registered_public_acc) (PCAOB ID Number 248)\n\n48\n\n \n\n[Consolidated Balance Sheets – May 3, 2026, and April 27, 2025](#consolidated_balance_sheets)\n\n49\n\n \n\n \n\n[Consolidated Statements of Net Loss - For the Years Ended May 3, 2026, April 27, 2025, and April 28, 2024](#consolidated_statements_net_income)\n\n50\n\n \n\n \n\n[Consolidated Statements of Comprehensive Loss - For the Years Ended May 3, 2026, April 27, 2025, and April 28, 2024](#consolidated_statements_comprehensive_in)\n\n51\n\n \n\n[Consolidated Statements of Shareholders’ Equity – For the Years Ended May 3, 2026, April 27, 2025, and April 28, 2024](#consolidated_statements_shareholders_equ)\n\n52\n\n \n\n \n\n[Consolidated Statements of Cash Flows – For the Years Ended May 3, 2026, April 27, 2025, and April 28, 2024](#consolidated_statements_cash_flows)\n\n53\n\n \n\n[Notes to Consolidated Financial Statements](#notes_to_consolidated_financial_statemen)\n\n54\n\n \n\n2.\nFinancial Statement Schedules\n\nAll financial statement schedules are omitted because they are not applicable, or not required, or because the required information is included in the consolidated financial statements or notes thereto.\n\n93\n\n \n\n3.\nExhibits\n\nThe following exhibits are attached at the end of this report or incorporated by reference herein.\n\n \n\n[3(i)](https://www.sec.gov/Archives/edgar/data/723603/000072360302000020/exh3i.txt)\n\n[Articles of Incorporation of the company, as amended, were filed as Exhibit 3(i) to the company’s Form 10-Q for the quarter ended July 28, 2002, filed September 11, 2002 (Commission File No. 001-12597), and are incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000072360302000020/exh3i.txt)\n\n[3(ii)](https://www.sec.gov/Archives/edgar/data/723603/000095017024109762/culp-ex3_1.htm)\n\n[Amended and Restated Bylaws of the company, amended effective September 26, 2024, were filed as Exhibit 3.1 to the company's Form 8-K dated September 27, 2024 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017024109762/culp-ex3_1.htm)\n\n[4.1*](culp-ex4_1.htm)\n\n[Description of Capital Stock of the company](culp-ex4_1.htm)\n\n[10.1](https://www.sec.gov/Archives/edgar/data/723603/000156459022024770/culp-ex101_97.htm)\n\n[Second Amended and Restated Credit Agreement dated as of January 19, 2023, by and among Culp, Inc., as Borrower, Read Window Products, LLC, as Guarantor, and Wells Fargo Bank, National Association, as Lender, was filed as exhibit 10.1 to the company’s Form 8-K filed January 23, 2023 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000156459022024770/culp-ex101_97.htm)\n\n[10.2](https://www.sec.gov/Archives/edgar/data/723603/000095017023006869/culp-ex10_1.htm)\n\n[First Amendment to Second Amended and Restated Credit Agreement dated as of February 21, 2023, by and among Culp, Inc., as Borrower, Read Window Products, LLC, as Guarantor, and Wells Fargo Bank, National Association, as Lender, was filed as exhibit 10.1 to the company's Form 10-Q filed March 9, 2023 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017023006869/culp-ex10_1.htm)\n\n[10.3](https://www.sec.gov/Archives/edgar/data/723603/000095017024083115/culp-ex10_3.htm)\n\n[Second Amendment to Second Amended and Restated Credit Agreement dated as of April 8, 2024, by and among Culp, Inc., as Borrower, Read Window Products, LLC and Culp Fabrics Global, LLC, as Guarantors, and Wells Fargo Bank, National Association, as Lender, was filed as exhibit 10.3 to the company's Form 10-K filed July 12, 2024 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017024083115/culp-ex10_3.htm)\n\n[10.4](https://www.sec.gov/Archives/edgar/data/723603/000095017025086879/culp-ex10_1.htm)\n\n[Third Amendment to Second Amended and Restated Credit Agreement, dated as of June 12, 2025, by and among Culp, Inc., as Borrower, Read Window Products, LLC and Culp Fabrics Global, LLC, as Guarantors, and Wells Fargo Bank, National Association, as Lender, was filed as Exhibit 10.1 to the company's Form 8-K filed June 16, 2025 (Commission File No. 001-12597), and is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017025086879/culp-ex10_1.htm)\n\n[10.5](https://www.sec.gov/Archives/edgar/data/723603/000119312526105579/culp-ex10_1.htm)\n\n[Fourth Amendment to Second Amended and Restated Credit Agreement, dated as of November 4, 2025, by and among Culp, Inc., as Borrower, Read Window Products, LLC and Culp Fabrics Global, LLC, as Guarantors, and Wells Fargo Bank, National Association, as Lender, was filed as Exhibit 10.1 to the company’s Form 10-Q filed March 13, 2026 (Commission File No. 001-12597), and is incorporated by reference.](https://www.sec.gov/Archives/edgar/data/723603/000119312526105579/culp-ex10_1.htm)\n\n[10.6+](https://www.sec.gov/Archives/edgar/data/723603/000115752315002886/a51159198.htm)\n\n[Culp, Inc. 2015 Equity Incentive Plan, filed as Annex A to the company's 2015 Proxy Statement, filed on August 12, 2015 (Commission File No. 001-12597), and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000115752315002886/a51159198.htm)\n\n[10.7+](https://www.sec.gov/Archives/edgar/data/723603/000095017023044270/culp-2023-proxy_statemen.htm)\n\n[Culp, Inc. Amended and Restated Equity Incentive Plan, filed as Appendix B to the company's 2023 Proxy Statement, filed on August 24, 2023 (Commission File No. 001-12597), and incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017023044270/culp-2023-proxy_statemen.htm)\n\n[10.8+](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_3.htm)\n\n[Form of annual incentive award agreement was filed as Exhibit 10.3 to the company’s Form 10-Q dated December 12, 2025 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_3.htm)\n\n[10.9+](https://www.sec.gov/Archives/edgar/data/723603/000095017023068943/culp-ex10_2.htm)\n\n[Form of Restricted Stock Unit agreement for time-based and performance-based restricted stock units granted to executive officers pursuant to the Culp, Inc., Amended and Restated Equity Incentive Plan (revised 2023) was filed as Exhibit 10.2 to the company’s Form 10-Q dated December 8, 2023 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017023068943/culp-ex10_2.htm)\n\n[10.10+](https://www.sec.gov/Archives/edgar/data/723603/000095017024133885/culp-ex10_2.htm)\n\n[Form of Restricted Stock Unit Award Agreement for performance-based restricted stock units granted to executive officers pursuant to the Amended and Restated Equity Incentive Plan (revised 2024), was filed as Exhibit 10.2 to the company’s Form 10-Q dated December 6, 2024 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017024133885/culp-ex10_2.htm)\n\n[10.11+](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_4.htm)\n\n[Form of Restricted Stock Unit Award Agreement for time-based restricted stock units granted to executive officers pursuant to the Amended and Restated Equity Incentive Plan (revised 2025), was filed as Exhibit 10.4 to the company's Form 10-Q dated December 12, 2025 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_4.htm)\n\n[10.12+](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_2.htm)\n\n[Form of Restricted Stock Unit Award Agreement for restricted stock units granted to non-employee directors pursuant to the Amended and Restated Equity Incentive Plan (revised 2025), was filed as Exhibit 10.2 to the company's Form 10-Q dated December 12, 2025 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_2.htm)\n\n[10.13+](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_1.htm)\n\n[Form of Long-Term Incentive Award Agreement for performance-based restricted stock units granted to executive officers pursuant to the Amended and Restated Equity Incentive Plan, was filed as Exhibit 10.1 to the company's Form 10-Q dated December 12, 2025 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000119312525317167/culp-ex10_1.htm)\n\n[10.14+](https://www.sec.gov/Archives/edgar/data/723603/000115752314001006/a50814862ex10_1.htm)\n\n[Amended and Restated Deferred Compensation Plan For Certain Key Employees was filed as Exhibit 10.1 to the company's Form 10-Q dated March 7, 2014 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000115752314001006/a50814862ex10_1.htm)\n\n[10.15+](https://www.sec.gov/Archives/edgar/data/723603/000115752315002386/a51138490_ex102.htm)\n\n[Amendment No. 1 to Amended and Restated Deferred Compensation Plan for Certain Key Employees, was filed as Exhibit 10.2 to the company's Form 10-K dated July 17, 2015 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000115752315002386/a51138490_ex102.htm)\n\n94\n\n \n\n[10.16+](https://www.sec.gov/Archives/edgar/data/723603/000115752307012097/a5562888ex10_3.txt)\n\n[Form of change in control and noncompetition agreement. This agreement was filed as Exhibit 10.3 to the company’s Form 10-Q dated December 12, 2007 (Commission File No. 001-12597) and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000115752307012097/a5562888ex10_3.txt)\n\n[10.17+](https://www.sec.gov/Archives/edgar/data/723603/000095017024096686/culp-ex10_1.htm)\n\n[Form of Director and Officer Indemnification Agreement. This agreement was filed as Exhibit 10.1 to the company's Form 8-K dated August 14, 2024 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017024096686/culp-ex10_1.htm)\n\n[10.18](https://www.sec.gov/Archives/edgar/data/723603/000095017024074257/culp-ex10_1.htm)\n\n[Cooperation Agreement, effective as of June 17, 2024, between Culp, Inc. and certain investors specified therein was filed as Exhibit 10.1 to the company's Form 8-K dated June 17, 2024 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017024074257/culp-ex10_1.htm)\n\n[10.19](https://www.sec.gov/Archives/edgar/data/723603/000095017025084334/culp-ex10_1.htm)\n\n[Cooperation Agreement, effective as of June 6, 2025, between Culp, Inc. and certain investors specified therein was filed as Exhibit 10.1 to the company's Form 8-K dated June 10, 2025 (Commission File No. 001-12597), and is incorporated herein by reference](https://www.sec.gov/Archives/edgar/data/723603/000095017025084334/culp-ex10_1.htm).\n\n[19](https://www.sec.gov/Archives/edgar/data/723603/000095017025095233/culp-ex19.htm)\n\n[Culp, Inc. Policy on Confidential Information and Trading of Securities was filed as Exhibit 19 to the company's Form 10-K dated July 11, 2025 (Commission File No. 001-12597), and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017025095233/culp-ex19.htm)\n\n[21*](culp-ex21.htm)\n\n[List of subsidiaries of the company](culp-ex21.htm)\n\n[23*](culp-ex23.htm)\n\n[Consent of Independent Registered Public Accounting Firm in connection with the registration statements of Culp, Inc. on Form S-8 (File Nos. 33-13310, 333-207195 and 333-274720).](culp-ex23.htm)\n\n[24(a)*](culp-ex24_a.htm)\n\n[Power of Attorney of J. Douglas Collier, dated July 6, 2026](culp-ex24_a.htm)\n\n[24(b)*](culp-ex24_b.htm)\n\n[Power of Attorney of Kimberly B. Gatling, dated July 6, 2026](culp-ex24_b.htm)\n\n[24(c)*](culp-ex24_c.htm)\n\n[Power of Attorney of Lynn D. Heatherton, dated July 6, 2026](culp-ex24_c.htm)\n\n[24(d)*](culp-ex24_d.htm)\n\n[Power of Attorney of Fred A. Jackson, dated July 6, 2026](culp-ex24_d.htm)\n\n[24(e)*](culp-ex24_e.htm)\n\n[Power of Attorney of Franklin N. Saxon, dated July 6, 2026](culp-ex24_e.htm)\n\n[24(f)*](culp-ex24_f.htm)\n\n[Power of Attorney of William L. Tyson, dated July 6, 2026](culp-ex24_f.htm)\n\n[24(g)*](culp-ex24_g.htm)\n\n[Power of Attorney of Mark Wilson, dated July 6, 2026](culp-ex24_g.htm)\n\n[31(a)*](culp-ex31_a.htm)\n\n[Certification of Principal Executive Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002.](culp-ex31_a.htm)\n\n[31(b)*](culp-ex31_b.htm)\n\n[Certification of Principal Financial Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002.](culp-ex31_b.htm)\n\n[32(a)*](culp-ex32_a.htm)\n\n[Certification of Principal Executive Officer Pursuant to Section 906 of Sarbanes-Oxley Act of 2002.](culp-ex32_a.htm)\n\n[32(b)*](culp-ex32_b.htm)\n\n[Certification of Principal Financial Officer Pursuant to Section 906 of Sarbanes-Oxley Act of 2002.](culp-ex32_b.htm)\n\n[97](https://www.sec.gov/Archives/edgar/data/723603/000095017024083115/culp-ex97.htm)\n\n[Culp, Inc. Dodd-Frank Clawback Policy, was filed as exhibit 97 to the company's Form 10-K filed July 12, 2024, and is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/723603/000095017024083115/culp-ex97.htm)\n\n \n\n101.INS\n\nInline XBRL Instance Document\n\n101.SCH\n\nInline XBRL Taxonomy Extension Schema Document\n\n104\n\nCover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101).\n\n* Items marked with an asterisk are filed herewith.\n\n+ Management contract or compensatory plan required to be filed under Item 15(c) of this report and Item 601 of Regulation S-K of the Securities and Exchange Commission."}