CULP INC 8-K
Research Summary
AI-generated summary
Culp Inc. Moves Listing from NYSE to Nasdaq
What Happened
- Culp, Inc. announced in an 8-K filed Feb. 23, 2026, that its Board authorized a voluntary withdrawal of the company's common stock from the New York Stock Exchange and a transfer of the listing to The Nasdaq Stock Market LLC. The company expects NYSE trading to end at market close on March 5, 2026, and Nasdaq trading to begin at market open on March 6, 2026. The common stock will continue to trade under the ticker symbol "CULP." A news release about the move was filed as Exhibit 99.1 to the 8-K.
Key Details
- Date of 8-K filing/notice to NYSE: February 23, 2026.
- Expected last NYSE trading day: March 5, 2026; expected Nasdaq listing/trading begins: March 6, 2026.
- Ticker symbol will remain: CULP.
- The action is a voluntary transfer authorized by the Board; the Nasdaq listing has been approved.
Why It Matters
- This is a change in trading venue, not a change to the company’s securities or corporate fundamentals. Investors should note the specific dates (March 5–6, 2026) when the trading venue switches and be prepared for any short-term differences in liquidity, order routing, or market participants as trading moves to Nasdaq. The company disclosed the move via an 8-K and press release; no operational or executive changes were reported in this filing.