Culp Enhances Legal Safeguards for Directors and Executives

The latest announcement is out from Culp (CULP).

Culp, Inc. has enacted an Indemnification Agreement to protect its directors and key executives, ensuring they are shielded from financial losses stemming from legal proceedings related to their roles in the company. This extensive coverage extends to actions taken by these individuals while serving the company or its subsidiaries, and includes an advance on expenses incurred during legal disputes. Additionally, the company commits to maintaining robust directors’ and officers’ liability insurance to further safeguard these individuals.

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