Brief: Culp Inc Entered Into A Cooperation Agreement With 22Nw Fund, Lp, 22Nw, Lp, 22Nw Fund Gp, Llc, 22Nw Gp, Inc, Others

Culp

17/06/2024 23:35

June 17 (Reuters) - Culp Inc  CULP.N :
    * CULP INC - ENTERED INTO A COOPERATION AGREEMENT WITH 22NW
FUND,
LP, 22NW, LP, 22NW FUND GP, LLC, 22NW GP, INC, OTHERS
    * CULP INC - PURSUANT TO COOPERATION AGREEMENT, CO WILL
INCREASE
SIZE OF ITS BOARD FROM EIGHT TO NINE DIRECTORS
    * CULP INC - PURSUANT TO COOPERATION AGREEMENT, CO WILL
APPOINT
ALEXANDER B. JONES TO FILL VACANCY RESULTING FROM INCREASE IN
SIZE OF BOARD
    * CULP INC - IN ADDITION, BOARD WILL NOMINATE JONES TO STAND
FOR
ELECTION TO BOARD AT CO'S 2024 ANNUAL MEETING OF SHAREHOLDERS

Source text for Eikon:  ID:n0000950170-24-074257 
Further company coverage:  CULP.N 

 ((Reuters.Briefs@thomsonreuters.com;))