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Culp Elects New Member to Board of Directors

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Culp (NYSE: CULP), a leading marketer of mattress fabrics and upholstery fabrics, has announced the election of William L. Tyson to its Board of Directors. Tyson brings over 30 years of investment banking and capital markets experience to the company.

Tyson most recently served as head of Mergers & Acquisitions at Fifth Third Capital Markets from 2021 until December 2024. His previous roles include Executive Vice President and Co-head of Capital Markets positions at Fifth Third since 2016. He also spent 18 years at BB&T Capital Markets as Senior Managing Director and Co-Head of Investment Banking.

Throughout his career, Tyson has advised on over 300 capital financing transactions across public and private markets, including numerous deals in the home furnishings and textile industries, with several involving Culp directly.

Culp (NYSE: CULP), un importante marketer di tessuti per materassi e rivestimenti, ha annunciato l'elezione di William L. Tyson nel suo Consiglio di Amministrazione. Tyson porta con sé oltre 30 anni di esperienza nel settore della banca d'investimento e dei mercati dei capitali.

Tyson ha recentemente ricoperto il ruolo di capo delle Fusioni e Acquisizioni presso Fifth Third Capital Markets dal 2021 fino a dicembre 2024. Le sue esperienze precedenti includono il ruolo di Vice Presidente Esecutivo e Co-responsabile dei Mercati dei Capitali presso Fifth Third dal 2016. Ha anche trascorso 18 anni presso BB&T Capital Markets come Direttore Generale Senior e Co-responsabile della Banca d'Investimento.

Nel corso della sua carriera, Tyson ha fornito consulenza su oltre 300 transazioni di finanziamento dei capitali nei mercati pubblici e privati, inclusi numerosi affari nei settori dell'arredamento per la casa e dei tessuti, con diversi che coinvolgono direttamente Culp.

Culp (NYSE: CULP), un destacado comercializador de tejidos para colchones y tapicerías, ha anunciado la elección de William L. Tyson para su Junta Directiva. Tyson aporta más de 30 años de experiencia en banca de inversión y mercados de capitales a la empresa.

Tyson se desempeñó más recientemente como jefe de Fusiones y Adquisiciones en Fifth Third Capital Markets desde 2021 hasta diciembre de 2024. Sus roles anteriores incluyen Vicepresidente Ejecutivo y Co-jefe de Mercados de Capitales en Fifth Third desde 2016. También pasó 18 años en BB&T Capital Markets como Director General Senior y Co-jefe de Banca de Inversión.

A lo largo de su carrera, Tyson ha asesorado en más de 300 transacciones de financiamiento de capital en mercados públicos y privados, incluidos numerosos acuerdos en las industrias de muebles para el hogar y textiles, con varios que involucran directamente a Culp.

Culp (NYSE: CULP), 매트리스 패브릭 및 실내 장식 패브릭의 선도적인 마케팅 회사가 William L. Tyson을 이사회에 선출했다고 발표했습니다. Tyson은 30년 이상의 투자은행 및 자본 시장 경험을 회사에 제공합니다.

Tyson은 2021년부터 2024년 12월까지 Fifth Third Capital Markets의 인수합병 부서장을 역임했습니다. 이전 역할로는 2016년부터 Fifth Third의 자본 시장 부문 부사장 및 공동 책임자가 포함됩니다. 그는 또한 BB&T Capital Markets에서 18년 동안 선임 관리 이사 및 투자은행 공동 책임자로 근무했습니다.

Tyson은 경력 전반에 걸쳐 300건 이상의 자본 조달 거래에 대해 자문을 제공했으며, 공공 및 민간 시장 모두에서 수많은 거래가 이루어졌습니다. 이 중 여러 거래는 Culp와 직접 관련이 있습니다.

Culp (NYSE: CULP), un leader dans le marketing de tissus pour matelas et de tissus d'ameublement, a annoncé l'élection de William L. Tyson à son Conseil d'Administration. Tyson apporte plus de 30 ans d'expérience en banque d'investissement et sur les marchés des capitaux à l'entreprise.

Tyson a récemment occupé le poste de responsable des Fusions et Acquisitions chez Fifth Third Capital Markets de 2021 jusqu'en décembre 2024. Ses précédents rôles incluent Vice-Président Exécutif et Co-responsable des Marchés de Capitaux chez Fifth Third depuis 2016. Il a également passé 18 ans chez BB&T Capital Markets en tant que Directeur Général Senior et Co-responsable de la Banque d'Investissement.

Tout au long de sa carrière, Tyson a conseillé sur plus de 300 transactions de financement de capitaux sur les marchés publics et privés, y compris de nombreux accords dans les secteurs de l'ameublement et des textiles, dont plusieurs impliquent directement Culp.

Culp (NYSE: CULP), ein führender Vermarkter von Matratzen- und Polstertstoffen, hat die Wahl von William L. Tyson in seinen Vorstand bekannt gegeben. Tyson bringt über 30 Jahre Erfahrung im Investment Banking und in den Kapitalmärkten in das Unternehmen ein.

Zuletzt war Tyson von 2021 bis Dezember 2024 Leiter der Fusionen und Übernahmen bei Fifth Third Capital Markets. Zu seinen vorherigen Positionen gehören der Executive Vice President und Co-Leiter der Kapitalmärkte bei Fifth Third seit 2016. Außerdem verbrachte er 18 Jahre bei BB&T Capital Markets als Senior Managing Director und Co-Leiter des Investment Banking.

Im Laufe seiner Karriere hat Tyson bei über 300 Kapitalfinanzierungstransaktionen in öffentlichen und privaten Märkten beraten, einschließlich zahlreicher Geschäfte in den Bereichen Möbel und Textilien, von denen mehrere direkt Culp betreffen.

Positive
  • Addition of extensive M&A and capital markets expertise to the board
  • Board member with direct industry experience in home furnishings and textiles
  • New director has previous transaction experience with the company
Negative
  • None.

HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) (“CULP” or the “company”), a leading marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the election of William L. Tyson to its Board of Directors.

Culp, Inc. announced the election of William L. Tyson to its Board of Directors. (Photo: Business Wire)

Culp, Inc. announced the election of William L. Tyson to its Board of Directors. (Photo: Business Wire)

Mr. Tyson brings to the company over 30 years of experience across the investment banking and capital markets and has served in executive leadership and strategic development roles for some of the largest banks and financial institutions in the country. Mr. Tyson most recently served as head of Mergers & Acquisitions (M&A) within the Investment Banking Group of Fifth Third Capital Markets from 2021 until his retirement in December 2024, where he was responsible for the strategic direction of the M&A and Investment Banking platform within the Capital Markets division and for driving non-organic growth initiatives. Mr. Tyson also held the positions of Executive Vice President, Co-head of Capital Markets and Senior Vice President, Co-head of Capital Markets during his tenure with Fifth Third that began in 2016. Prior to that, he served as Senior Managing Director and Co-Head of Investment Banking and in various other senior leadership roles during an approximately 18-year tenure with BB&T Capital Markets (and its predecessor, Scott & Stringfellow). He previously headed Wheat First Butcher Singer’s Furnishings, Consumer and Industrial Growth Industry Practices and served as a Vice President with Wachovia Corporation.

During his career, Mr. Tyson advised on over 300 capital financing transactions across the public and private markets, including numerous transactions in the home furnishings and textile industries and several transactions involving the company. Mr. Tyson has also served on numerous professional boards and committees, including past service as president of the Virginia Athletics Foundation Board of Trustees and president of the McIntire School of Commerce Advisory Board.

Frank Saxon, Chairman of the company’s Board of Directors, commented, “Bill is a seasoned capital markets professional who knows our industry well. We are excited to bring his wealth of expertise and leadership experience to our Board of Directors and believe he will add valuable perspective as we continue to execute on our strategy, drive growth across our businesses, and enhance value for our stakeholders."

About the Company

Culp, Inc. is one of the largest marketers of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture in North America. The company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp’s manufacturing facilities and fabrics sourced through other suppliers. Culp has manufacturing and sourcing capabilities located in the United States, China, Haiti, Turkey, and Vietnam.

Investor Relations Contact

Ken Bowling, Executive Vice President, Chief Financial Officer, and Treasurer:

(336) 881-5630

krbowling@culp.com

Source: Culp, Inc.

FAQ

What experience does William Tyson bring to Culp's Board of Directors?

William Tyson brings over 30 years of investment banking and capital markets experience, including leadership roles at Fifth Third Capital Markets and BB&T Capital Markets, with expertise in over 300 capital financing transactions.

What was William Tyson's most recent position before joining CULP's board?

Tyson served as head of Mergers & Acquisitions within the Investment Banking Group of Fifth Third Capital Markets from 2021 until his retirement in December 2024.

How many capital financing transactions has William Tyson advised on during his career?

Tyson has advised on over 300 capital financing transactions across public and private markets, including deals in home furnishings and textile industries.

What is William Tyson's experience with CULP prior to joining the board?

Tyson has been involved in several transactions involving Culp during his career in investment banking and capital markets.

Culp Inc

NYSE:CULP

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Textile Manufacturing
Broadwoven Fabric Mills, Cotton
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United States
HIGH POINT