Culp to freeze top managers' salaries

June 2006
Furniture/Today;6/26/2006, Vol. 30 Issue 41, p78
Trade Publication
The article reports that fabric supplier, Culp Inc. will not increase its top managers' salaries in fiscal 2007, citing its efforts to return to profitability. Culp also deferred a previously announced raise for non-employee directors which was scheduled for September 2006. Directors also get an annual grant of options to purchase 2,000 shares of stock.


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