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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0000921895-24-000833 0001640809 XXXXXXXX LIVE 3 Common Stock, par value $0.05 per share 03/13/2025 true 0000723603 230215105 CULP INC 410 W. ENGLISH ROAD 5TH FLOOR HIGH POINT NC 27262 ARON R. ENGLISH 206-227-3078 22NW, LP 590 1st Ave. S, Unit C1 Seattle WA 98104 RYAN NEBEL 212-451-2300 OLSHAN FROME WOLOSKY LLP 1325 Avenue of the Americas New York NY 10019 0001640809 N 22NW Fund, LP a WC N DE 1734323.00 0.00 1734323.00 0.00 1734323.00 N 13.8 PN 0001694297 N 22NW, LP a OO N DE 1734323.00 0.00 1734323.00 0.00 1734323.00 N 13.8 PN 0001770575 N 22NW Fund GP, LLC a OO N DE 1734323.00 0.00 1734323.00 0.00 1734323.00 N 13.8 OO 0001783663 N 22NW GP, Inc. a OO N DE 1734323.00 0.00 1734323.00 0.00 1734323.00 N 13.8 CO 0001770436 N English Aron R. a PF OO N X1 1735773.00 0.00 1735773.00 0.00 1735773.00 N 13.8 IN 0001888106 N Hirai-Hadley Bryson a PF N X1 799.00 0.00 799.00 0.00 799.00 N 0.006 IN 0001888602 N Jones Alexander B a PF N X1 525.00 0.00 525.00 0.00 525.00 N 0.004 IN 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. 22NW Fund, LP /s/ Aron R. English Aron R. English, Manager of 22NW Fund GP, LLC, its General Partner 03/17/2025 22NW, LP /s/ Aron R. English Aron R. English, President and Sole Shareholder of 22NW GP, Inc., its General Partner 03/17/2025 22NW Fund GP, LLC /s/ Aron R. English Aron R. English, Manager 03/17/2025 22NW GP, Inc. /s/ Aron R. English Aron R. English, President and Sole Shareholder 03/17/2025 English Aron R. /s/ Aron R. English ARON R. ENGLISH 03/17/2025 Hirai-Hadley Bryson /s/ Bryson O. Hirai-Hadley BRYSON O. HIRAI-HADLEY 03/17/2025 Jones Alexander B /s/ Alexander B. Jones ALEXANDER B. JONES 03/17/2025