KENNETH W. MCALLISTER - Corporate Board Profile

CULP INC

Filing Date	Source Excerpt
2011-08-18	KENNETH W. MCALLISTER has been member/manager of The McAllister Firm, PLLC, a law firm, since January 2004. He was a senior executive vice president and general counsel of Wachovia Corporation, a bank holding company, from 1997 until his retirement in 2001, and served as general counsel since joining Wachovia in 1988. Mr. McAllister served as United States Attorney for the Middle District of North Carolina from 1981 to 1986. Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister. The members of this committee are Messrs. Larson (Chairman), Flavin and McAllister. The current members of the Corporate Governance and Nominating Committee are Messrs. McAllister (Chairman), Larson and Flavin. The Executive Committee, the members of which are Messrs. Culp (Chairman), Saxon and McAllister.
2012-08-15	The Executive Committee, the members of which are Messrs. Culp (Chairman), Saxon and McAllister... Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister... The members of the Compensation Committee are Messrs. Larson (Chairman), Flavin and McAllister... The current members of the Corporate Governance and Nominating Committee are Messrs. McAllister (Chairman), Larson and Flavin... The following table shows the total compensation earned by our non-employee directors in fiscal 2012 for their service on our board. Kenneth W. McAllister received $45,000 fees and $8,661 stock awards totaling $53,661.
2013-08-15	KENNETH W. MCALLISTER has been member/manager of The McAllister Firm, PLLC, a law firm, since January 2004. He was a senior executive vice president and general counsel of Wachovia Corporation, a bank holding company, from 1997 until his retirement in 2001, and served as general counsel since joining Wachovia in 1988. Mr. McAllister served as United States Attorney for the Middle District of North Carolina from 1981 to 1986. He is a director of High Point Bank Corporation, High Point Bank and Trust Co., and Lawyers Mutual Liability Insurance Company of North Carolina, of which he has served as chairman since May 1, 2012. Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister. The Compensation Committee members are Messrs. Larson (Chairman), Flavin and McAllister. The current members of the Corporate Governance and Nominating Committee are Messrs. McAllister (Chairman), Larson and Flavin. The Executive Committee, the members of which are Messrs. Culp (Chairman), Saxon and McAllister. For fiscal 2013, we paid our non-employee directors the following compensation: Kenneth W. McAllister $45,000 fees earned, $10,055 stock awards, total $55,055.
2014-08-15	Kenneth W. McAllister has been member/manager of The McAllister Firm, PLLC, a law firm, since January 2004. He was a senior executive vice president and general counsel of Wachovia Corporation, a bank holding company, from 1997 until his retirement in 2001, and served as general counsel since joining Wachovia in 1988. Mr. McAllister served as United States Attorney for the Middle District of North Carolina from 1981 to 1986. He is a director of High Point Bank Corporation, High Point Bank and Trust Co., and Lawyers Mutual Liability Insurance Company of North Carolina, of which he has served as chairman since May 1, 2012. ... The Executive Committee, the members of which are Messrs. Culp (Chairman), Saxon and McAllister, may exercise the full authority of the Board of Directors when the Board is not in session... Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister. ... The members of this committee are Messrs. Larson (Chairman), Flavin and McAllister. ... The current members of the Corporate Governance and Nominating Committee are Messrs. McAllister (Chairman), Larson and Flavin. ... The following table shows the total compensation earned by our non-employee directors in fiscal 2014 for their service on our board.
2015-08-12	The following table shows the total compensation earned by our non-employee directors in fiscal 2015 for their service on our board. Patrick B. Flavin 50,000 17,950 -- 67,950; Kenneth R. Larson 50,000 17,950 -- 67,950; Kenneth W. McAllister 55,000 17,950 -- 72,950.
2016-08-19	The Executive Committee, the members of which are Messrs. Culp (Chairman), Saxon and McAllister. Members of the Audit Committee are Messrs. Flavin (Chairman), Jackson, Larson and McAllister. The members of the Compensation Committee are Messrs. Larson (Chairman), Flavin, Jackson and McAllister. The current members of the Corporate Governance and Nominating Committee are Messrs. McAllister (Chairman), Jackson, Larson and Flavin. During fiscal 2016, we paid our non-employee directors the following compensation: an annual retainer of $55,000 for the lead director and $50,000 for the other non-employee directors; a grant under our 2015 equity incentive plan of 1,000 shares of common stock to our directors that were participating on our Board at October 1, 2015. Granted shares of common stock were measured at a fair market value of $31.77 per share based upon the closing price of our common stock at the date of grant (October 1, 2015). The following table shows the total compensation earned by our non-employee directors in fiscal 2016 for their service on our board. Name: Kenneth W. McAllister, Fees Earned or paid in cash: 55,000, Stock Awards: 31,770, Option Awards: 0, Total: 86,770.
2017-08-18	KENNETH W. MCALLISTER has been member/manager of the law firm McAllister, Aldridge & Kreinbrink, PLLC and its predecessor, The McAllister Firm, PLLC, since January 2004. ... The Executive Committee, the members of which are Messrs. Culp (Chairman), Saxon and McAllister, may exercise the full authority of the Board of Directors when the Board is not in session. ... Members of the Audit Committee are Messrs. Flavin (Chairman), Jackson, Larson and McAllister. ... The members of this committee are Messrs. Larson (Chairman), Flavin, Jackson and McAllister. ... The current members of the Corporate Governance and Nominating Committee are Messrs. McAllister (Chairman), Jackson, Larson and Flavin.
2018-08-17	KENNETH W. MCALLISTER has been member/manager of the law firm McAllister, Aldridge & Kreinbrink, PLLC and its predecessor, The McAllister Firm, PLLC, since January 2004. He was a senior executive vice president and general counsel of Wachovia Corporation, a bank holding company, from 1997 until his retirement in 2001, and served as general counsel since joining Wachovia in 1988. Mr. McAllister served as United States Attorney for the Middle District of North Carolina from 1981 to 1986. He is a director of Lawyers Mutual Liability Insurance Company of North Carolina, of which he served as chairman from May 1, 2012 to May 1, 2015. The current members of the Audit Committee are Messrs. Flavin (Chairman), Jackson, Larson and McAllister. The current members of this committee are Messrs. Jackson (Chairman), Flavin, Larson and McAllister. The current members of the Corporate Governance and Nominating Committee are Messrs. Larson (Chairman), Jackson, McAllister and Flavin. The following table shows the total compensation we paid our non-employee directors in fiscal 2018: Kenneth W. McAllister: Fees Earned or paid in cash $55,000, Stock Awards $39,840, Total $94,840.
2019-08-22	Kenneth W. McAllister, 70, Director since 2002, Member/Manager, McAllister, Aldridge & Kreinbrink, PLLC, AC, CC, CGN, EC. Compensation Table shows total compensation for 2019 as $105,320 for non-employee director fees.
2020-08-26	Kenneth W. McAllister** 71 2002 Member/Manager, McAllister, Aldridge & Kreinbrink, PLLC Yes AC, CC, CGN, EC ... The Executive Committee consists of Messrs. Saxon (Chairman) and McAllister. ... The current members of the Audit Committee are Ms. Decker (Chairman), Mr. Davis, Mr. Jackson, Mr. Larson, and Mr. McAllister. ... The current members of the Compensation Committee are Mr. Jackson (Chairman), Mr. Davis, Ms. Decker, Mr. Larson, and Mr. McAllister. ... The current members of the Corporate Governance and Nominating Committee are Mr. Larson (Chairman), Mr. Davis, Ms. Decker, Mr. Jackson, and Mr. McAllister. ... The following table shows the total compensation earned by our non-employee directors in fiscal 2020 for their service on our Board. Kenneth W. McAllister 45,000 60,930 0 105,930.