The top executives of High Point-based Culp Inc. saw large declines in their total compensation packages in the 2018 fiscal year, according to a filing Friday with the Securities and Exchange Commission.

Chairman Robert G. Culp III saw a 30.2 percent decline in his total compensation to $1.1 million, from $1.6 million in the 2017 fiscal year.

Although his base salary rose 3.3 percent to $338,437 from $327,567, his non-equity incentive plan compensation fell to $311,158 in 2018 from $820,910.

Other executives saw similar decreases in their non-equity incentive plan compensation.

Chief Executive Officer Franklin Saxon’s total compensation declined 26.9 percent to $1.5 million in the 2018 fiscal year. His non-equity incentive plan compensation fell to $396,019 from $1 million in the 2017 fiscal year.

Saxon’s base salary rose 3.2 percent to $430,405 in the 2018 fiscal year, up from $416,904.

According to the filing, the company adjusted salaries in August 2018. Culp III and Saxon did not receive salary increases for the coming year, at their request, due to the company’s performance.

Robert G. Culp IV, the president of the company’s home fashions division, saw his total compensation fall 22.9 percent during the 2018 fiscal year to $793,801 from $1 million in the previous year.

His non-equity incentive plan compensation fell to $213,226 in 2018 from $485,117 in the 2017 fiscal year. His base salary rose 5.3 percent to $292,301 from $277,550. Culp IV received a 3 percent salary increase for the current fiscal year.

The company is a mattress and upholstery fabrics manufacturer. In June, the company said that it expects a 10 percent decline in overall sales in the first quarter of fiscal 2019 compared to the same quarter a year ago.

Culp shares rose 10 cents, or 0.39 percent, to $25.70 in Friday afternoon trading.

The company will hold its annual meeting on Sept. 20, at 9 a.m. at its headquarters, which is located at 1823 Eastchester Drive in High Point.