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<TITLE>Culp, Inc. / 2002 Stock Option Plan</TITLE>
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<P align="right"><FONT size="2"><B>Registration No.&nbsp;333-________</B>
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<DIV align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE
COMMISSION</B></FONT></DIV>
<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
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<DIV align="center"><FONT size="5"><B>Form&nbsp;S-8</B>
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<P align="center"><FONT size="3"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
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<DIV align="center"><FONT size="6"><B>CULP, INC.</B>
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<DIV align="center"><FONT size="2">(Exact name of registrant, as specified in its charter)
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        <TD valign="top" align="center"><FONT size="2"><B>North Carolina</B><BR>
(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2"><B>56-1001967</B><BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
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<P align="center"><FONT size="2">101 South Main Street<BR>
Post Office Box 2686<BR>
High Point, North Carolina 27261-2686<BR>
(Address of principal executive officers)
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<DIV align="center"><FONT size="3">Culp, Inc.<BR>
2002 Stock Option Plan<BR></FONT>
<FONT size="2">(Full title of the plan)
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<DIV align="center"><FONT size="2">FRANKLIN N. SAXON<BR>
Executive Vice President and Chief Financial Officer
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<P align="center"><FONT size="2">Culp, Inc.<BR>
101 South Main Street<BR>
Post Office Box 2686<BR>
High Point, North Carolina 27261-2686<BR>
(Name and address of agent for service)<BR>
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<P align="center"><FONT size="2">(336)&nbsp;889-5161<BR>
(Telephone number, including area code, of agent for service)
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<P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B><BR>
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        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed maximum</B></FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>Title of securities</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount to be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>offering price per</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>aggregate offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>to be registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>unit</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>price</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>registration fee</B></FONT></TD>
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        <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common Stock, $.05 par value
(including options
under the Culp,
Inc. 2002 Stock
Option Plan and
including
associated rights
to purchase Series
A Participating
Preferred Stock)
(3)</FONT></DIV></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">1,000,000</FONT></TD>
        <TD nowrap><FONT size="2">(1)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">9.175</FONT></TD>
        <TD nowrap><FONT size="2">(2)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">9,175,000</FONT></TD>
        <TD nowrap><FONT size="2">(2)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right"><FONT size="2">$</FONT></TD>
        <TD align="right"><FONT size="2">844.10</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
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      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Pursuant to Rule&nbsp;416 under the Securities Act of 1933, as amended, this
registration statement also relates to an indeterminate number of
additional shares of common stock issuable with respect to the shares
registered hereunder in the event of a stock split, stock dividend or
other similar transaction.</FONT></TD>
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       <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
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        <TD width="96%"><FONT size="2">In accordance with Rule&nbsp;457(h)(1) of Regulation&nbsp;C, the price for the
shares is computed on the basis of the average high and low prices for
Common Shares on December&nbsp;10, 2002, as
reported on the New York Stock Exchange.</FONT></TD>
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      <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Each share of Common Stock of the Company has one attached right to
purchase Series&nbsp;A Participating Preferred Stock under the Rights Agreement
dated as of October&nbsp;8, 1999 between Culp, Inc. and Equiserve Trust
Company, N.A., as Rights Agent.</FONT></TD>
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<P align="center"><FONT size="2"><B>PART II INFORMATION REQUIRED IN THE<BR>
REGISTRATION STATEMENT</B></FONT>

<P align="left"><FONT size="2">Item&nbsp;3.&nbsp; Incorporation of Documents by Reference.</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Securities and Exchange Commission
by Culp, Inc. (the &#147;Company&#148;) are incorporated by reference into this
registration statement:
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp; The Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal year ended
April&nbsp;28, 2002, as amended;
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp; All other reports filed pursuant to Section&nbsp;13(a) or 15(d) of the
Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) since the end of its
latest fiscal year, as amended; and
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp; The description of the Common Stock, par value $.05 per share (&#147;Common
Stock&#148;) of the Company set forth in the Company&#146;s registration statements filed
pursuant to Section&nbsp;12 of the Exchange Act and any amendment or report filed
for the purpose of updating such descriptions.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Company pursuant to Section&nbsp;13(a),
13(c), 14 or 15(d) of the Exchange Act prior to the filing of a post-effective
amendment which indicates that all securities offered hereunder have been sold
or which deregisters all of such securities then remaining unsold shall be
deemed to be incorporated by reference into this Registration Statement and to
be a part hereof from the date of filing of such documents.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained herein or in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document (which
also is or is deemed to be incorporated by reference herein) modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this Registration Statement.
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<P align="left"><FONT size="2">Item&nbsp;6.&nbsp; Indemnification of Directors and Officers.</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;55-2-02 of the North Carolina Business Corporation Act (the &#147;North
Carolina Corporation Act&#148;) enables a North Carolina corporation in its articles
of incorporation to eliminate or limit, with certain exceptions, the personal
liability of a director for monetary damages for breach of duty as a director.
No such provision is effective to eliminate or limit a director&#146;s liability for
(i)&nbsp;acts or omissions that the director at the time of the breach knew or
believed to be clearly in conflict with the best interests of the corporation,
(ii)&nbsp;improper distributions described in Section&nbsp;55-8-33 of the North Carolina
Corporation Act, (iii)&nbsp;any transaction from which the director derived an
improper personal benefit, or (iv)&nbsp;acts or omissions occurring prior to the
date the exculpatory provision became effective. The Company&#146;s Articles of
Incorporation limit the personal liability of its directors to the fullest
extent permitted by the North Carolina Corporation Act.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sections&nbsp;55-8-50 through 55-8-58 of the North Carolina Corporation Act
permit a corporation to indemnify its directors, officers, employees or agents
under either or both a statutory or nonstatutory scheme of indemnification.
Under the statutory scheme, a corporation may, with certain exceptions,
indemnify a director, officer, employee or agent of the corporation who was, is
or is threatened to be made, a party to any threatened, pending or completed
legal action, suit or proceeding, whether civil, criminal, administrative, or
investigative, because of the fact that such person was a director, officer,
agent or employee of the corporation, or is or was serving at the request of
such corporation as a director, officer, employee or agent of another
corporation or enterprise. This indemnity may include the obligation to pay
any judgment, settlement, penalty, fine (including an excise tax assessed with
respect to an employee benefit plan) and reasonable expenses incurred in
connection with a proceeding (including counsel fees), but no such
indemnification may be granted unless such director, officer, agent or employee
(i)&nbsp;conducted himself in good faith, (ii)&nbsp;reasonably believed (1)&nbsp;that any
action taken in his official capacity with the corporation was in the best
interest of the corporation or (2)&nbsp;that in all other cases his
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<P align="left"><FONT size="2">conduct at least
was not opposed to the corporation&#146;s best interest, and (iii)&nbsp;in the case of
any criminal proceeding, had no reasonable cause to believe his
conduct was unlawful. Whether a director has met the requisite standard
of conduct for the type of indemnification set forth above is determined by the
board of directors, a committee of directors, special legal counsel or the
shareholders in accordance with Section&nbsp;55-8-55 of the North Carolina
Corporation Act. A corporation may not indemnify a director under the
statutory scheme in connection with a proceeding by or in the right of the
corporation in which the director was adjudged liable to the corporation or in
connection with a proceeding in which a director was adjudged liable on the
basis of having received an improper personal benefit.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to, and notwithstanding the conditions and limitations on
indemnification described above under the statutory scheme, Section&nbsp;55-8-57 of
the North Carolina Corporation Act permits a corporation to indemnify or agree
to indemnify any of its directors, officers, employees or agents against
liability and expenses (including attorneys&#146; fees) in any proceeding (including
proceedings brought by or on behalf of the corporation) arising out of their
status as such or their activities in such capacities, except for any
liabilities or expenses incurred on account of activities that were, at the
time taken, known or believed by the person seeking indemnification to be
clearly in conflict with the best interests of the corporation. Because the
Company&#146;s Bylaws provide for indemnification of directors to the fullest extent
permitted under the North Carolina Corporation Act, the Company may indemnify
its directors in accordance with either the statutory or the nonstatutory
standard.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sections&nbsp;55-8-52 and 55-8-56 of the North Carolina Corporation Act require
a corporation, unless its articles of incorporation provide otherwise, to
indemnify a director or officer who has been wholly successful on the merits or
otherwise in the defense of any proceeding to which such director or officer
was a party because he is or was a director or officer of the corporation.
Unless prohibited by the articles of incorporation, a director or officer also
may make application and obtain court-ordered indemnification if the court
determines that such director or officer is fairly and reasonably entitled to
such indemnification as provided in Section&nbsp;55-8-54 and 55-8-56 of the North
Carolina Corporation Act.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally, Section&nbsp;55-8-57 of the North Carolina Corporation Act
authorizes a corporation to purchase and maintain insurance on behalf of an
individual who is or was a director, officer, employee or agent of the
corporation against certain liabilities incurred by such persons, whether or
not the corporation is otherwise authorized by the North Carolina Corporation
Act to indemnify such party. The Company&#146;s directors and officers are
currently covered under the directors&#146; and officers&#146; insurance policies
maintained by the Company that will indemnify such persons against certain
liabilities arising from acts or omissions in the discharge of their duties.
</FONT>
<P align="left"><FONT size="2">Item&nbsp;8.&nbsp; Exhibits.</FONT>

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        <TD nowrap align="center"><FONT size="1"><B>Exhibit Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
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        <TD valign="top" align="center"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Culp, Inc. 2002 Stock Option Plan</FONT></TD>
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<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation of the Company, as amended (incorporated
by reference to Exhibit&nbsp;3(i) of the Company&#146;s Quarterly Report on
Form&nbsp;10-Q for the period ended July&nbsp;28, 2002)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Restated and Amended Bylaws of the Company, as amended
(incorporated by reference to Exhibit&nbsp;3(ii) of the Company&#146;s
Quarterly Report on Form&nbsp;10-Q for the period ended July&nbsp;29, 2001)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.4</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Rights Agreement, dated as of October&nbsp;18, 1999, between the Company
and Equiserve Trust Company, N.A., as Rights Agent, including the
form of Articles of Amendment with respect to the Series&nbsp;A
Participating Preferred Stock included as Exhibit&nbsp;A to the Rights
Agreement, the forms of Rights Certificate included as Exhibit&nbsp;B to
the Rights Agreement, and the form of Summary of Rights included as
Exhibit&nbsp;C to the Rights Agreement (incorporated by reference to
Exhibit&nbsp;99.1 to the Company&#146;s Form&nbsp;8-K dated October&nbsp;12, 1999)</FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>Exhibit Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
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        <TD valign="top" align="center"><FONT size="2">5</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Robinson, Bradshaw &#038; Hinson, P.A. with respect to the
validity of the shares being offered</FONT></TD>
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<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Robinson, Bradshaw &#038; Hinson, P.A. (contained in Exhibit&nbsp;5)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of KPMG LLP</FONT></TD>
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<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Harry R. Culp, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of H. Bruce English, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Patrick B. Flavin, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.4</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Kenneth W. McAllister, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.5</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Patrick H. Norton, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.6</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Albert L. Prillaman, dated December&nbsp;10, 2002</FONT></TD>
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<P align="left"><FONT size="2">Item&nbsp;9.&nbsp; Undertakings.</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby undertakes as follows:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp; To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement to include any material
information with respect to the plan of distribution not previously disclosed
in the registration statement or any material change to such information in the
registration statement.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment to this registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;
To remove from registration, by means of a post-effective amendment, any
of the securities being registered that remain unsold at the termination of the
offering;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp; That, for purposes of determining any liability under the Securities
Act of 1933, each filing of the Company&#146;s annual report pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan&#146;s annual report pursuant to Section
15(d) of the Securities Exchange Act of 1934) that is incorporated by reference
in this registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof; and
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp; Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company, the Company has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in such Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the
payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication of such
issue.
</FONT>
<P align="center"><FONT size="2">3</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of High Point, State of North Carolina on
this 10th day
of December, 2002.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="55%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
CULP, INC.</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -s-&nbsp; ROBERT G. CULP, III<BR>
</FONT><HR size="1" align="right" width="90%" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Robert G. Culp, III<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chairman of the Board of Directors and Chief<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Executive Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="30%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="40%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">-s- ROBERT G. CULP, III
<HR size="1" noshade>
Robert G. Culp, III</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Chairman of the
Board of Directors
and Chief Executive
Officer
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">-s- HOWARD L. DUNN, JR.
<HR size="1" noshade>
Howard L. Dunn, Jr.</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
President, Chief
Operating Officer
and Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">-s- FRANKLIN N. SAXON
<HR size="1" noshade>
Franklin N. Saxon</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Executive Vice
President, Chief
Financial Officer,
Treasurer,
President of the
Culp Velvets/Prints
Division and
Director (Principal
Financial and
Accounting Officer)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">-s- HARRY R. CULP*
<HR size="1" noshade>
Harry R. Culp</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002
</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">-s- H. BRUCE ENGLISH*
<HR size="1" noshade>
H. Bruce English</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD valign="top" align="center"><FONT size="2">-s- PATRICK B. FLAVIN*
<HR size="1" noshade>
Patrick B. Flavin</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD valign="top" align="center"><FONT size="2">-s- KENNETH W. McALLISTER*
<HR size="1" noshade>
Kenneth W. McAllister</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD valign="top" align="center"><FONT size="2">-s- PATRICK H. NORTON*
<HR size="1" noshade>
Patrick H. Norton</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>


<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR>
        <TD valign="top" align="center"><FONT size="2">-s- ALBERT L. PRILLAMAN*
<HR size="1" noshade>
Albert L. Prillaman</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">December&nbsp;10, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">*By: -s- FRANKLIN N. SAXON<BR>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
(Franklin N. Saxon, Attorney-in-Fact)
</FONT>

<P align="center"><FONT size="2"></FONT>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="center"><FONT size="2"><B>EXHIBIT INDEX</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="15%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="80%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="1"><B>Exhibit
Number</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="1">
<B>Description</B></FONT></TD>
</TR>
<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Culp, Inc. 2002 Stock Option Plan</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation of the Company, as amended (incorporated
by reference to Exhibit&nbsp;3(i) of the Company&#146;s Quarterly Report on
Form&nbsp;10-Q for the period ended July&nbsp;28, 2002)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Restated and Amended Bylaws of the Company, as amended
(incorporated by reference to Exhibit&nbsp;3(ii) of the Company&#146;s
Quarterly Report on Form&nbsp;10-Q for the period ended July&nbsp;29, 2001)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">4.4</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Rights Agreement, dated as of October&nbsp;18, 1999, between the Company
and Equiserve Trust Company, N.A., as Rights Agent, including the
form of Articles of Amendment with respect to the Series&nbsp;A
Participating Preferred Stock included as Exhibit&nbsp;A to the Rights
Agreement, the forms of Rights Certificate included as Exhibit&nbsp;B to
the Rights Agreement, and the form of Summary of Rights included as
Exhibit&nbsp;C to the Rights Agreement (incorporated by reference to
Exhibit&nbsp;99.1 to the Company&#146;s Form&nbsp;8-K dated October&nbsp;12, 1999)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">5</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Robinson, Bradshaw &#038; Hinson, P.A. with respect to the
validity of the shares being offered</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Robinson, Bradshaw &#038; Hinson, P.A. (contained in Exhibit&nbsp;5)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of KPMG LLP</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Harry R. Culp, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of H. Bruce English, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Patrick B. Flavin, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.4</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Kenneth W. McAllister, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.5</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Patrick H. Norton, dated December&nbsp;10, 2002</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">24.6</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney of Albert L. Prillaman, dated December&nbsp;10, 2002</FONT></TD>
</TR>
</TABLE>
</CENTER>
</BODY>
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Culp, Inc. / 2002 Stock Option Plan
Registration No. 333-________
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
CULP, INC.
(Exact name of registrant, as specified in its charter)
North Carolina
(State or other jurisdiction of
incorporation or organization)
56-1001967
(I.R.S. Employer
Identification No.)
101 South Main Street
Post Office Box 2686
High Point, North Carolina 27261-2686
(Address of principal executive officers)
Culp, Inc.
2002 Stock Option Plan
(Full title of the plan)
FRANKLIN N. SAXON
Executive Vice President and Chief Financial Officer
Culp, Inc.
101 South Main Street
Post Office Box 2686
High Point, North Carolina 27261-2686
(Name and address of agent for service)
(336) 889-5161
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
=============================================================================================================
Proposed maximum
Proposed maximum
Title of securities
Amount to be
offering price per
aggregate offering
Amount of
to be registered
registered
unit
price
registration fee
Common Stock, $.05 par value
(including options
under the Culp,
Inc. 2002 Stock
Option Plan and
including
associated rights
to purchase Series
A Participating
Preferred Stock)
(3)
1,000,000
(1)
$
9.175
(2)
$
9,175,000
(2)
$
844.10
=============================================================================================================
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended, this
registration statement also relates to an indeterminate number of
additional shares of common stock issuable with respect to the shares
registered hereunder in the event of a stock split, stock dividend or
other similar transaction.
(2)
In accordance with Rule 457(h)(1) of Regulation C, the price for the
shares is computed on the basis of the average high and low prices for
Common Shares on December 10, 2002, as
reported on the New York Stock Exchange.
(3)
Each share of Common Stock of the Company has one attached right to
purchase Series A Participating Preferred Stock under the Rights Agreement
dated as of October 8, 1999 between Culp, Inc. and Equiserve Trust
Company, N.A., as Rights Agent.
PART II INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
Item 3.  Incorporation of Documents by Reference.
The following documents filed with the Securities and Exchange Commission
by Culp, Inc. (the "Company") are incorporated by reference into this
registration statement:
(a)  The Company's Annual Report on Form 10-K for the fiscal year ended
April 28, 2002, as amended;
(b)  All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (the "Exchange Act") since the end of its
latest fiscal year, as amended; and
(c)  The description of the Common Stock, par value $.05 per share ("Common
Stock") of the Company set forth in the Company's registration statements filed
pursuant to Section 12 of the Exchange Act and any amendment or report filed
for the purpose of updating such descriptions.
All documents subsequently filed by the Company pursuant to Section 13(a),
13(c), 14 or 15(d) of the Exchange Act prior to the filing of a post-effective
amendment which indicates that all securities offered hereunder have been sold
or which deregisters all of such securities then remaining unsold shall be
deemed to be incorporated by reference into this Registration Statement and to
be a part hereof from the date of filing of such documents.
Any statement contained herein or in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document (which
also is or is deemed to be incorporated by reference herein) modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this Registration Statement.
Item 6.  Indemnification of Directors and Officers.
Section 55-2-02 of the North Carolina Business Corporation Act (the "North
Carolina Corporation Act") enables a North Carolina corporation in its articles
of incorporation to eliminate or limit, with certain exceptions, the personal
liability of a director for monetary damages for breach of duty as a director.
No such provision is effective to eliminate or limit a director's liability for
(i) acts or omissions that the director at the time of the breach knew or
believed to be clearly in conflict with the best interests of the corporation,
(ii) improper distributions described in Section 55-8-33 of the North Carolina
Corporation Act, (iii) any transaction from which the director derived an
improper personal benefit, or (iv) acts or omissions occurring prior to the
date the exculpatory provision became effective. The Company's Articles of
Incorporation limit the personal liability of its directors to the fullest
extent permitted by the North Carolina Corporation Act.
Sections 55-8-50 through 55-8-58 of the North Carolina Corporation Act
permit a corporation to indemnify its directors, officers, employees or agents
under either or both a statutory or nonstatutory scheme of indemnification.
Under the statutory scheme, a corporation may, with certain exceptions,
indemnify a director, officer, employee or agent of the corporation who was, is
or is threatened to be made, a party to any threatened, pending or completed
legal action, suit or proceeding, whether civil, criminal, administrative, or
investigative, because of the fact that such person was a director, officer,
agent or employee of the corporation, or is or was serving at the request of
such corporation as a director, officer, employee or agent of another
corporation or enterprise. This indemnity may include the obligation to pay
any judgment, settlement, penalty, fine (including an excise tax assessed with
respect to an employee benefit plan) and reasonable expenses incurred in
connection with a proceeding (including counsel fees), but no such
indemnification may be granted unless such director, officer, agent or employee
(i) conducted himself in good faith, (ii) reasonably believed (1) that any
action taken in his official capacity with the corporation was in the best
interest of the corporation or (2) that in all other cases his
conduct at least
was not opposed to the corporation's best interest, and (iii) in the case of
any criminal proceeding, had no reasonable cause to believe his
conduct was unlawful. Whether a director has met the requisite standard
of conduct for the type of indemnification set forth above is determined by the
board of directors, a committee of directors, special legal counsel or the
shareholders in accordance with Section 55-8-55 of the North Carolina
Corporation Act. A corporation may not indemnify a director under the
statutory scheme in connection with a proceeding by or in the right of the
corporation in which the director was adjudged liable to the corporation or in
connection with a proceeding in which a director was adjudged liable on the
basis of having received an improper personal benefit.
In addition to, and notwithstanding the conditions and limitations on
indemnification described above under the statutory scheme, Section 55-8-57 of
the North Carolina Corporation Act permits a corporation to indemnify or agree
to indemnify any of its directors, officers, employees or agents against
liability and expenses (including attorneys' fees) in any proceeding (including
proceedings brought by or on behalf of the corporation) arising out of their
status as such or their activities in such capacities, except for any
liabilities or expenses incurred on account of activities that were, at the
time taken, known or believed by the person seeking indemnification to be
clearly in conflict with the best interests of the corporation. Because the
Company's Bylaws provide for indemnification of directors to the fullest extent
permitted under the North Carolina Corporation Act, the Company may indemnify
its directors in accordance with either the statutory or the nonstatutory
standard.
Sections 55-8-52 and 55-8-56 of the North Carolina Corporation Act require
a corporation, unless its articles of incorporation provide otherwise, to
indemnify a director or officer who has been wholly successful on the merits or
otherwise in the defense of any proceeding to which such director or officer
was a party because he is or was a director or officer of the corporation.
Unless prohibited by the articles of incorporation, a director or officer also
may make application and obtain court-ordered indemnification if the court
determines that such director or officer is fairly and reasonably entitled to
such indemnification as provided in Section 55-8-54 and 55-8-56 of the North
Carolina Corporation Act.
Additionally, Section 55-8-57 of the North Carolina Corporation Act
authorizes a corporation to purchase and maintain insurance on behalf of an
individual who is or was a director, officer, employee or agent of the
corporation against certain liabilities incurred by such persons, whether or
not the corporation is otherwise authorized by the North Carolina Corporation
Act to indemnify such party. The Company's directors and officers are
currently covered under the directors' and officers' insurance policies
maintained by the Company that will indemnify such persons against certain
liabilities arising from acts or omissions in the discharge of their duties.
Item 8.  Exhibits.
Exhibit Number
Description
4.1
Culp, Inc. 2002 Stock Option Plan
4.2
Articles of Incorporation of the Company, as amended (incorporated
by reference to Exhibit 3(i) of the Company's Quarterly Report on
Form 10-Q for the period ended July 28, 2002)
4.3
Restated and Amended Bylaws of the Company, as amended
(incorporated by reference to Exhibit 3(ii) of the Company's
Quarterly Report on Form 10-Q for the period ended July 29, 2001)
4.4
Rights Agreement, dated as of October 18, 1999, between the Company
and Equiserve Trust Company, N.A., as Rights Agent, including the
form of Articles of Amendment with respect to the Series A
Participating Preferred Stock included as Exhibit A to the Rights
Agreement, the forms of Rights Certificate included as Exhibit B to
the Rights Agreement, and the form of Summary of Rights included as
Exhibit C to the Rights Agreement (incorporated by reference to
Exhibit 99.1 to the Company's Form 8-K dated October 12, 1999)
2
Exhibit Number
Description
5
Opinion of Robinson, Bradshaw & Hinson, P.A. with respect to the
validity of the shares being offered
23.1
Consent of Robinson, Bradshaw & Hinson, P.A. (contained in Exhibit 5)
23.2
Consent of KPMG LLP
24.1
Power of Attorney of Harry R. Culp, dated December 10, 2002
24.2
Power of Attorney of H. Bruce English, dated December 10, 2002
24.3
Power of Attorney of Patrick B. Flavin, dated December 10, 2002
24.4
Power of Attorney of Kenneth W. McAllister, dated December 10, 2002
24.5
Power of Attorney of Patrick H. Norton, dated December 10, 2002
24.6
Power of Attorney of Albert L. Prillaman, dated December 10, 2002
Item 9.  Undertakings.
The Company hereby undertakes as follows:
(1)  To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement to include any material
information with respect to the plan of distribution not previously disclosed
in the registration statement or any material change to such information in the
registration statement.
(2)  That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment to this registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof;
(3) 
To remove from registration, by means of a post-effective amendment, any
of the securities being registered that remain unsold at the termination of the
offering;
(4)  That, for purposes of determining any liability under the Securities
Act of 1933, each filing of the Company's annual report pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section
15(d) of the Securities Exchange Act of 1934) that is incorporated by reference
in this registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof; and
(5)  Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company, the Company has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in such Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the
payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication of such
issue.
3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of High Point, State of North Carolina on
this 10th day
of December, 2002.
CULP, INC.
By:      -s-  ROBERT G. CULP, III
Robert G. Culp, III
Chairman of the Board of Directors and Chief
Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
-s- ROBERT G. CULP, III
Robert G. Culp, III
Chairman of the
Board of Directors
and Chief Executive
Officer
December 10, 2002
-s- HOWARD L. DUNN, JR.
Howard L. Dunn, Jr.
President, Chief
Operating Officer
and Director
December 10, 2002
-s- FRANKLIN N. SAXON
Franklin N. Saxon
Executive Vice
President, Chief
Financial Officer,
Treasurer,
President of the
Culp Velvets/Prints
Division and
Director (Principal
Financial and
Accounting Officer)
December 10, 2002
-s- HARRY R. CULP*
Harry R. Culp
Director
December 10, 2002
-s- H. BRUCE ENGLISH*
H. Bruce English
Director
December 10, 2002
-s- PATRICK B. FLAVIN*
Patrick B. Flavin
Director
December 10, 2002
-s- KENNETH W. McALLISTER*
Kenneth W. McAllister
Director
December 10, 2002
-s- PATRICK H. NORTON*
Patrick H. Norton
Director
December 10, 2002
-s- ALBERT L. PRILLAMAN*
Albert L. Prillaman
Director
December 10, 2002
*By: -s- FRANKLIN N. SAXON
(Franklin N. Saxon, Attorney-in-Fact)
EXHIBIT INDEX
Exhibit
Number
Description
4.1
Culp, Inc. 2002 Stock Option Plan
4.2
Articles of Incorporation of the Company, as amended (incorporated
by reference to Exhibit 3(i) of the Company's Quarterly Report on
Form 10-Q for the period ended July 28, 2002)
4.3
Restated and Amended Bylaws of the Company, as amended
(incorporated by reference to Exhibit 3(ii) of the Company's
Quarterly Report on Form 10-Q for the period ended July 29, 2001)
4.4
Rights Agreement, dated as of October 18, 1999, between the Company
and Equiserve Trust Company, N.A., as Rights Agent, including the
form of Articles of Amendment with respect to the Series A
Participating Preferred Stock included as Exhibit A to the Rights
Agreement, the forms of Rights Certificate included as Exhibit B to
the Rights Agreement, and the form of Summary of Rights included as
Exhibit C to the Rights Agreement (incorporated by reference to
Exhibit 99.1 to the Company's Form 8-K dated October 12, 1999)
5
Opinion of Robinson, Bradshaw & Hinson, P.A. with respect to the
validity of the shares being offered
23.1
Consent of Robinson, Bradshaw & Hinson, P.A. (contained in Exhibit 5)
23.2
Consent of KPMG LLP
24.1
Power of Attorney of Harry R. Culp, dated December 10, 2002
24.2
Power of Attorney of H. Bruce English, dated December 10, 2002
24.3
Power of Attorney of Patrick B. Flavin, dated December 10, 2002
24.4
Power of Attorney of Kenneth W. McAllister, dated December 10, 2002
24.5
Power of Attorney of Patrick H. Norton, dated December 10, 2002
24.6
Power of Attorney of Albert L. Prillaman, dated December 10, 2002