CULP INC
13.80%
1,735,773
723603
230215105
Mar 12, 2025
Mar 17, 2025, 08:59 PM
Reporting Persons (7)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| 22NW Fund, LP | Partnership | 13.80% | 1,734,323 | 1,734,323 | 0 |
| 22NW, LP | Partnership | 13.80% | 1,734,323 | 1,734,323 | 0 |
| 22NW Fund GP, LLC | Other | 13.80% | 1,734,323 | 1,734,323 | 0 |
| 22NW GP, Inc. | CO | 13.80% | 1,734,323 | 1,734,323 | 0 |
| English Aron R. | Individual | 13.80% | 1,735,773 | 1,735,773 | 0 |
| Hirai-Hadley Bryson | Individual | 0.01% | 799 | 799 | 0 |
| Jones Alexander B | Individual | 0.00% | 525 | 525 | 0 |
Disclosure Items (4)
Common Stock, par value $0.05 per share
CULP INC
410 W. ENGLISH ROAD 5TH FLOOR, HIGH POINT, NC, 27262
Item 3 is hereby amended and restated to read as follows: The Shares purchased by 22NW Fund were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 1,734,323 Shares directly owned by 22NW Fund is approximately $12,860,775, excluding brokerage commissions. The Shares directly owned by Messrs. English, Hirai-Hadley and Jones were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 1,450 Shares directly owned by Mr. English is approximately $10,150, excluding brokerage commissions. The aggregate purchase price of the 799 Shares directly owned by Mr. Hirai-Hadley is approximately $7,994, excluding brokerage commissions. The aggregate purchase price of the 525 Shares directly owned by Mr. Jones is approximately $5,380, excluding brokerage commissions.
Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 12,559,129 Shares outstanding as of March 7, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on March 7, 2025. As of the date hereof, 22NW Fund directly beneficially owned 1,734,323 Shares, constituting approximately 13.8% of the Shares outstanding. As of the date hereof, Mr. English directly beneficially owned 1,450 Shares, constituting 0.01% of the Shares outstanding. As of the date hereof, Mr. Hirai-Hadley directly beneficially owned 799 Shares, constituting 0.006% of the Shares outstanding. As of the date hereof, Mr. Jones directly beneficially owned 525 Shares, constituting 0.004% of the Shares outstanding. 22NW, as the investment manager of 22NW Fund, may be deemed to beneficially own the 1,734,323 Shares beneficially owned by 22NW Fund, constituting approximately 13.8% of the Shares outstanding. 22NW GP, as the general partner of 22NW Fund, may be deemed to beneficially own the 1,734,323 Shares beneficially owned by 22NW Fund, constituting approximately 13.8% of the Shares outstanding. 22NW Inc., as the general partner of 22NW, may be deemed to beneficially own the 1,734,323 Shares beneficially owned by 22NW Fund, constituting approximately 13.8% of the Shares outstanding. 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 1,734,323 Shares beneficially owned by 22NW Fund, which, together with the Shares he directly beneficially owns, constitutes an aggregate of 1,735,773 Shares, constituting approximately 13.8% of the Shares outstanding. Each Reporting Person may be deemed to be a member of a "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and such group may be deemed to beneficially own the 1,737,097 Shares owned in the aggregate by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of the Shares that he or it does not directly own.
Item 5(c) is hereby amended and restated to read as follows: The transactions in the Shares by the Reporting Persons during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise noted therein.
Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities.