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CULP / GE cancels stock awards for Larry Culp, trimming $14 million off CEO's pay

General Electric (NYSE:GE) said it canceled stock awards for CEO Larry Culp originally valued at $20 million after the company failed to reach minimum performance thresholds necessary for the executive to take full title to the shares. According to a Wall Street Journal report, the move wiped out $5 million of the $8.2 million in total compensation the company reported for Culp for 2022, as well as a tranche of shares originally valued at $15 million when it was awarded in 2020. Read More

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Posted: Mar 17 2023, 10:46

Author Name: Proactive Investors

CULP News

By Seeking Alpha
August 31, 2023

Culp, Inc. (CULP) Q1 2024 Earnings Call Transcript

Culp, Inc. (NYSE:CULP ) Q1 2024 Earnings Conference Call August 31, 2023 11:00 AM ET Company Participants Dru Anderson - IR Robert Culp - President &

By Zacks Investment Research
August 31, 2023

Culp's (CULP) Q1 Earnings Beat Estimates, Revenues Miss

Culp's (CULP) fiscal first-quarter 2024 results reflect tepid segmental performances attributable to housing demand softness and risky macroenvironmen

By Zacks Investment Research
August 30, 2023

Culp, Inc. (CULP) Reports Q1 Loss, Misses Revenue Estimates

Culp, Inc. (CULP) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $

By Zacks Investment Research
August 28, 2023

Culp (CULP) to Report Strong Q1 Earnings: Factors to Note

Operating efficiencies, a favorable product mix and lower costs are likely to have boosted Culp's (CULP) fiscal Q1 performance.

By Zacks Investment Research
June 28, 2023

Culp, Inc. (CULP) Reports Q4 Loss, Tops Revenue Estimates

Culp, Inc. (CULP) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $

By Business Wire
June 23, 2023

Culp, Inc. to Webcast Fourth Quarter and Fiscal 2023 Conference Call

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fo

By Proactive Investors
March 17, 2023

GE cancels stock awards for Larry Culp, trimming $14 million off CEO's pay

General Electric (NYSE:GE) said it canceled stock awards for CEO Larry Culp originally valued at $20 million after the company failed to reach minimu

By Seeking Alpha
March 2, 2023

Culp, Inc. (CULP) Q3 2023 Earnings Call Transcript

Culp, Inc. (NYSE:CULP ) Q3 2023 Earnings Conference Call March 2, 2023 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - Pr

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