CULP INC 8-K

What Happened Culp, Inc. announced that Kenneth R. Bowling, Executive Vice President, Chief Financial Officer, Treasurer and principal financial officer, plans to retire at the end of calendar year 2026 after about 30 years with the company. Bowling will remain in his role until the earlier of December 31, 2026 or the appointment of his successor, and has agreed to assist with the transition. The company has begun a comprehensive external search for a successor. Separately, Ronald S. Chandler, Vice President and Corporate Controller and the company’s principal accounting officer, notified the company on January 12, 2026 that he will resign effective February 13, 2026. Following Chandler’s departure, Bowling will serve as interim principal accounting officer. Neither departure is due to any disagreement with the company.

Key Details

• Kenneth R. Bowling: announced planned retirement on January 16, 2026; roughly 30 years with Culp.
• Bowling will continue in current roles until the earlier of Dec 31, 2026 or successor appointment and will receive his current compensation and benefits through Dec 31, 2026.
• Ronald S. Chandler: resignation announced Jan 12, 2026; effective Feb 13, 2026.
• Company has initiated an external search for a new CFO; Bowling will assume interim principal accounting officer duties after Chandler’s resignation.

Why It Matters A planned CFO retirement and the near-term resignation of the principal accounting officer are material leadership changes for investors because they affect the company’s financial leadership and continuity. The company has signaled an orderly transition by providing advance notice, retaining the incumbent CFO through year-end, beginning an external search, and assigning interim accounting responsibilities internally. Investors should watch for updates on the CFO search, the appointment of a successor, and any related changes to financial reporting or controls.