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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 2 , 2021 Commission File No. 1-12597 NORTH CAROLINA ( State or other jurisdiction of incorporation or other organization ) 1823 Eastchester Drive , High Point , North Carolina ( Address of principal executive offices ) CULP , INC . ( Exact name of registrant as specified in its charter ) Title of Each Class Common Stock , par value $ .05 / Share ( 336 ) 889-5161 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : Large Accelerated Filer Smaller Reporting Company Trading Symbol ( s ) . CULP ■ ☐ 56-1001967 ( I.R.S. Employer Identification No. ) Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . YES NO + Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Securities Exchange Act of 1934. YES NO 27265 ( zip code ) Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months and ( 2 ) has been subject to the filing requirements for at least the past 90 days . YES NO Name of Each Exchange On Which Registered New York Stock Exchange Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( § 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . YES > NO Accelerated Filer Emerging Growth Company Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Non - Accelerated Filer ☐ □ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . YES □ NO > As of July 9 , 2021 , 12,322,688 shares of common stock were outstanding . As of November 1 , 2020 , the aggregate market value of the voting stock held by non - affiliates of the registrant on that date was $ 145,884,651 based on the closing sales price of such stock as quoted on the New York Stock Exchange ( NYSE ) , assuming , for purposes of this report , that all executive officers and directors of the registrant are affiliates . DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A in connection with its Annual Meeting of Shareholders are incorporated by reference into Part III of this Form 10 - K .