SC 13G/A: TEMPUR SEALY INTERNATIONAL, INC.

AI Summary

SC 13G/A filing by TEMPUR SEALY INTERNATIONAL, INC..

Risk Assessment

Risk Level: low

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• tpx.htm (SC 13G/A) — 57KB
• 0001825564-24-000002.txt ( ) — 58KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Tempur Sealy International, Inc., a Delaware corporation (the " Company ").

(b)

Item 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 1000 Tempur Way, Lexington, KY 40511.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by (i) Browning West LP (the " Browning West ") with respect to the shares of Common Stock (as defined in Item 2(d) below) held by certain funds (the " Browning West Funds ") to which it serves as investment manager and (ii) Mr. Usman Nabi (" Mr. Nabi ", and together with Browning West, the " Reporting Persons "), the managing member of Browning West UPG ManCo LLC, the general partner of Browning West, and the Chief Investment Officer of Browning West, with respect to the shares of Common Stock held by the Browning West Funds. The filing of this statement should not be construed as an admission that any of the forgoing persons or the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Common Stock reported herein.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 1999 Avenue of the Stars, Suite 1150, Los Angeles, CA 90067.

(c)

Item 2 (c). CITIZENSHIP: Browning West is a Delaware Limited Partnership. Mr. Nabi is a United States citizen.

(d)

Item 2 (d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per share.

(e)

Item 2 (e). CUSIP NUMBER: 88023U101 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); CUSIP No. 88023U101 13G/A Page 5 of 8 Pages (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:___________________________ Item 4. OWNERSHIP The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages used in this Schedule 13G are calculated based upon 172,274,333 shares of Common Stock outstanding as of November 2, 2023, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, filed with the Securities and Exchange Commission on November 8, 2023. Item 5. OWNERSHIP

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 14, 2024 BROWNING WEST LP By: /s/ Samuel Green Name:Samuel Green Title:Chief Compliance Officer and Chief Financial Officer /s/ Usman Nabi USMAN NABI