Purple Innovation Announces Board and Executive Changes

Ticker: PRPL · Form: 8-K · Filed: 2025-07-23T00:00:00.000Z

Sentiment: neutral

Topics: management-change, compensation, board-of-directors

Related Tickers: GPAC

TL;DR

Purple Innovation shakes up board and exec pay on July 17th.

AI Summary

Purple Innovation, Inc. announced on July 17, 2025, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory plans.

Why It Matters

Changes in leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can sometimes precede significant strategic shifts or financial adjustments, warranting closer investor scrutiny.

Key Numbers

Key Players & Entities

FAQ

What specific roles have been affected by the departure of officers or directors?

The filing indicates the departure of certain officers and directors, but does not specify the exact roles in this section of the provided text.

Who are the newly elected directors?

The filing mentions the election of new directors but does not list their names in the provided text.

What are the key changes in compensatory arrangements for certain officers?

The filing notes updates to compensatory arrangements but does not detail the specifics of these changes in the provided text.

When did Purple Innovation, Inc. change its name from Global Partner Acquisition Corp.?

The date of the name change from Global Partner Acquisition Corp. to Purple Innovation, Inc. was June 2, 2015.

What is the principal executive office address for Purple Innovation, Inc.?

The principal executive offices are located at 4100 North Chapel Ridge Rd., Suite 200, Lehi, Utah 84043.

From the Filing

0001213900-25-066965.txt : 20250723 0001213900-25-066965.hdr.sgml : 20250723 20250723160032 ACCESSION NUMBER: 0001213900-25-066965 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250717 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250723 DATE AS OF CHANGE: 20250723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Purple Innovation, Inc. CENTRAL INDEX KEY: 0001643953 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] ORGANIZATION NAME: 04 Manufacturing EIN: 474078206 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37523 FILM NUMBER: 251143061 BUSINESS ADDRESS: STREET 1: 4100 N. CHAPEL RIDGE RD STREET 2: SUITE 200 CITY: LEHI STATE: UT ZIP: 84043 BUSINESS PHONE: 801-756-2600 MAIL ADDRESS: STREET 1: 4100 N. CHAPEL RIDGE RD STREET 2: SUITE 200 CITY: LEHI STATE: UT ZIP: 84043 FORMER COMPANY: FORMER CONFORMED NAME: Global Partner Acquisition Corp. DATE OF NAME CHANGE: 20150602 8-K 1 ea0249931-8k_purple.htm CURRENT REPORT false 0001643953 0001643953 2025-07-17 2025-07-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     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): July 17, 2025   Purple Innovation, Inc. (Exact Name of Registrant as Specified in its Charter)   Delaware   001-37523   47-4078206 (State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   4100 North Chapel Ridge Rd. , Suite 200     Lehi , Utah   84043 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 801 ) 756-2600   N/A (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communication 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-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share   PRPL   The NASDAQ Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.   Long-Term Incentive Cash Bonuses   On July 17, 2025, the Board of Directors of the Company also approved long-term incentive cash bonus awards to Robert DeMartini, Todd Vogensen, and Eric Haynor in the respect

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