PATRICK B. FLAVIN - Corporate Board Profile

CULP INC

Filing Date	Source Excerpt
2011-08-18	PATRICK B. FLAVIN is the retired president and chief investment officer of Flavin, Blake & Co., Inc., an investment management company. 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.
2012-08-15	Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister... The following table shows the total compensation earned by our non-employee directors in fiscal 2012 for their service on our board. Patrick B. Flavin received $40,000 fees and $8,661 stock awards totaling $48,661.
2013-08-15	Patrick B. Flavin is the retired president and chief investment officer of Flavin, Blake & Co., Inc., an investment management company. Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister. The Board of Directors has determined that all members of the Audit Committee are financially literate as defined by the rules of the New York Stock Exchange. In addition, the Board has determined that Mr. Flavin qualifies as an “audit committee financial expert” for purposes of the rules and regulations of the Securities and Exchange Commission adopted pursuant to the Sarbanes-Oxley Act of 2002. 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. For fiscal 2013, we paid our non-employee directors the following compensation: Patrick B. Flavin $40,000 fees earned, $10,060 option awards, total $50,060.
2014-08-15	Patrick B. Flavin is the retired president and chief investment officer of Flavin, Blake & Co., Inc., an investment management company. ... Members of the Audit Committee are Messrs. Flavin (Chairman), Larson and McAllister. The Board of Directors has determined that all members of the Audit Committee are financially literate as defined by the rules of the New York Stock Exchange. In addition, the Board has determined that Mr. Flavin qualifies as an “audit committee financial expert” for purposes of the rules and regulations of the Securities and Exchange Commission adopted pursuant to the Sarbanes-Oxley Act of 2002. ... 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	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 $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: Patrick B. Flavin, Fees Earned or paid in cash: 50,000, Stock Awards: 31,770, Option Awards: 0, Total: 81,770.
2017-08-18	PATRICK B. FLAVIN is the retired president and chief investment officer of Flavin, Blake & Co., Inc., an investment management company. ... 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.