Culp, Inc. Announces the Resignation of Thomas B. Gallagher, Jr. as Vice President of Finance and Principal Accounting Officer, Effective on or Around the Middle of July 2023
May 17, 2023 at 04:15 pm EDT
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Culp, Inc. announced that on May 11, 2023, Thomas B. Gallagher, Jr., Vice President of Finance and principal accounting officer of the company, informed the Company that he will accept a position with another company and resign his position with the Company, effective on or around the middle of July 2023. Mr. Gallagher will continue in his position with the Company until the effective date of his resignation, assisting with year-end accounting and regulatory filings related to the Company's fiscal year ended April 30, 2023, as well as other transition matters.
Culp, Inc. is a marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The Company markets a variety of fabrics to its global customer base of bedding and furniture companies, including fabrics produced at the Company's manufacturing facilities and fabrics sourced through other suppliers. The Company operates through two segments. The mattress fabrics segment markets primarily knitted and woven fabrics, as well as sewn covers made from those fabrics, which are used in the production of bedding products, including mattresses, foundations, and mattress sets. The upholstery fabrics segment markets a variety of fabric products that are used principally in the production of residential and commercial upholstered furniture, including sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating, as well as window treatment products and installation services for customers in the hospitality and commercial industries.
Culp, Inc. Announces the Resignation of Thomas B. Gallagher, Jr. as Vice President of Finance and Principal Accounting Officer, Effective on or Around the Middle of July 2023
CULP, INC. 