Culp Inc Restructuring and Pay Shift | Winston–Salem News

Culp Inc. is navigating a turbulent financial year, with CEO Robert “IV” Culp seeing his total pay drop 5.6% to $1.13 million amid company restructuring — despite a modest base salary bump, he received no incentive pay. The company posted a $1.08 million loss, an improvement from last year’s $5 million deficit, but revenue dipped slightly. Still, they’re holding their Q4 earnings meeting on Oct. 26 in High Point — with no conference call info yet. The future remains uncertain as Culp Inc. reshapes its path. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9d1f333a3fd61f02