Culp OKs incentives for ticking div. execs

January 2007
Furniture/Today;1/15/2007, Vol. 31 Issue 19, p58
Trade Publication
The article focuses on the management incentive plan approved by the board of directors of Culp Inc., a manufacturer of furniture upholstery fabrics and mattress fabrics, based at High Point, North Carolina, US. The incentive plan for the fiscal year 2007 includes cash bonuses ranging from 1% to 48% for the executives of Culp Home Fashions' ticking division including its president. The financial measures used to assess the executives' eligibility for bonuses under the plan are also discussed.


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