UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported) November 28, 2007
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                                   Culp, Inc.
                                   ----------
             (Exact Name of Registrant as Specified in its Charter)


       North Carolina                       0-12781              56-1001967
-----------------------------     ------------------------  --------------------
(State or Other Jurisdiction      (Commission File Number)    (I.R.S. Employer
       of Incorporation)                                     Identification No.)

                             1823 Eastchester Drive
                        High Point, North Carolina 27265
              -----------------------------------------------------
                    (Address of Principal Executive Offices)
                                   (Zip Code)

                                 (336) 889-5161
              -----------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
              -----------------------------------------------------
              (Former name or address, if changed from last report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



                                      INDEX
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                                                                            Page
                                                                            ----

Item 2.02 - Results of Operations and Financial Condition                    3

Item 5.02 - Departure of Directors or Certain Officers; Election             4
            of Directors; Appointment of Certain Officers;
            Compensatory Arrangements of Certain Officers

Item 9.01(d) - Exhibits                                                      4

Signature                                                                    5

Exhibits


                                       2


Forward  Looking  Information.  This  report  and the  exhibits  hereto  contain
statements that may be deemed "forward-looking statements" within the meaning of
the federal securities laws, including the Private Securities  Litigation Reform
Act of 1995  (Section 27A of the  Securities  Act of 1933 and Section 27A of the
Securities and Exchange Act of 1934). Such statements are inherently  subject to
risks and  uncertainties.  Further,  forward-looking  statements are intended to
speak only as of the date on which they are made. Forward-looking statements are
statements that include projections, expectations or beliefs about future events
or results or otherwise are not statements of historical  fact.  Such statements
are often but not always  characterized  by  qualifying  words such as "expect,"
"believe,"  "estimate," "plan" and "project" and their derivatives,  and include
but are not  limited  to  statements  about  the  company's  future  operations,
production  levels,  sales,  SG&A or  other  expenses,  margins,  gross  profit,
operating  income,  earnings or other performance  measures.  Factors that could
influence the matters discussed in such statements  include the level of housing
starts and sales of existing homes,  consumer  confidence,  trends in disposable
income, and general economic conditions.  Decreases in these economic indicators
could have a negative effect on the company's business and prospects.  Likewise,
increases in interest rates,  particularly home mortgage rates, and increases in
consumer  debt or the  general  rate of  inflation,  could  affect  the  Company
adversely.  Changes  in  consumer  tastes or  preferences  toward  products  not
produced  by the Company  could  erode  demand for the  Company's  products.  In
addition,  strengthening  of the U.S. dollar against other currencies could make
the Company's products less competitive on the basis of price in markets outside
the United States.  Also,  economic and political  instability in  international
areas could affect the company's  operations or sources of goods in those areas,
as well as demand for the  company's  products  in  international  markets.  The
Company's  level of success in  integrating  the  acquisition of assets from the
International  Textile  Group,  Inc. and in  capturing  and  retaining  sales to
customers  related to the acquisition will affect the Company's  ability to meet
its  sales  goals.   Finally,   unanticipated   delays  or  costs  in  executing
restructuring actions could cause the cumulative effect of restructuring actions
to fail to meet the objectives set forth by management. Other factors that could
affect the matters discussed in  forward-looking  statements are included in the
company's  periodic  reports filed with the Securities and Exchange  Commission,
including the "Risk Factors"  section in the company's most recent annual report
of Form 10-K filed with the Securities and Exchange  Commission on July 19, 2007
for the fiscal year ended April 29, 2007.

Item 2.02 - Results of Operations and Financial Condition

On  November  28,  2007,  the  Company  issued a news  release to  announce  its
financial  results  for the second  quarter  ended  October 28,  2007.  The news
release is attached hereto as Exhibit 99(a).

Also on November 28, 2007, the Company released a Financial  Information Release
containing  additional financial information and disclosures about the Company's
second  quarter ended October 28, 2007.  The  Financial  Information  Release is
attached hereto as Exhibit 99(b).

The news release and Financial  Information  Release contain  disclosures  about
free cash  flow,  a  non-GAAP  performance  measure,  that  management  believes
provides  useful  information  to investors  because it measures  the  Company's
available  cash  flow  for  potential  debt  repayment,  stock  repurchases  and
additions  to cash and cash  equivalents.  In  addition,  the news  release  and
Financial  Information  Release contain proforma income  statement  information,
which reconciles the reported and projected  income  statement  information with
proforma results,  which exclude  restructuring and related charges. The Company
has included this proforma information in order to show operational  performance
excluding the effects of restructuring and related charges that are not expected
to occur on a regular basis.  Management  believes this presentation aids in the
comparison of financial results among comparable financial periods. In addition,
this information is used by management to make  operational  decisions about the
Company's business, is used in certain financial covenants in the Company's loan
agreements,  and is used by the  Company as a  financial  goal for  purposes  of
determining management incentive bonuses.


                                       3


Item 5.02 - Departure of Directors or Certain Officers; Election of Directors;
            Appointment of Certain Officers; Compensatory Arrangements of
            Certain Officers.

On November 26, 2007, the Company issued a news release announcing the departure
of Kenneth M. Ludwig,  Senior Vice  President,  Human  Resources,  and Corporate
Secretary.  Mr.  Ludwig is expected to resign from the Company  effective  on or
around  December 31, 2007.  The release  announcing  Mr.  Ludwig's  departure is
attached hereto as Exhibit 99(c).

On November 28, 2007,  the  compensation  committee  of the  Company's  board of
directors  approved  reductions  in salary for Franklin N. Saxon,  President and
Chief Executive  Officer,  and Robert G. Culp, III,  Chairman.  These reductions
were based on a  recommendation  to the Board of Directors and its  Compensation
Committee from Mr. Saxon and Mr. Culp as part of management's overall efforts to
reduce costs for the Company.  Mr.  Saxon's salary will be reduced by $25,000 to
$325,000, and Mr. Culp's salary will be reduced by $50,000 to $250,000.


Item 9.01 (d) - Exhibits

99(a) News Release dated November 28, 2007

99(b) Financial Information Release dated November 28, 2007

99(c) News Release dated November 26, 2007

                                       4


                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                              CULP, INC.
                                              (Registrant)


                                              By: /s/ Kenneth R. Bowling
                                                  ----------------------
                                                  Chief Financial Officer
                                                  (principal financial officer)

                                              By: /s/ Thomas B. Gallagher, Jr.
                                                  ----------------------------
                                                  Corporate Controller
                                                  (principal accounting officer)


Dated: November 28, 2007
------------------------

                                       5


                                  EXHIBIT INDEX


     Exhibit Number                  Exhibit
     --------------                  -------

     99(a)           News Release dated November 28, 2007
     99(b)           Financial Information Release dated November 28, 2007
     99(c)           News Release dated November 26, 2007