Purple Innovation Announces Board and Executive Changes

Ticker: PRPL · Form: 8-K · Filed: 2025-07-29T00:00:00.000Z

Sentiment: neutral

Topics: management-change, compensation

Related Tickers: PRPL

TL;DR

Purple Innovation (PRPL) shakes up board and exec pay. Watch for new strategy.

AI Summary

Purple Innovation, Inc. announced on July 23, 2025, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategic direction and operational execution.

Key Players & Entities

FAQ

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

The filing indicates changes in officer positions but does not specify the exact roles vacated in this excerpt.

Who are the newly elected directors?

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

What are the key details of the updated compensatory arrangements?

The filing states that compensatory arrangements for certain officers have been updated, but the specifics are not detailed in this excerpt.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on July 23, 2025.

What is Purple Innovation, Inc.'s principal executive office address?

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

From the Filing

0001213900-25-068432.txt : 20250729 0001213900-25-068432.hdr.sgml : 20250729 20250729080051 ACCESSION NUMBER: 0001213900-25-068432 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20250723 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: 20250729 DATE AS OF CHANGE: 20250729 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: 251157627 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 ea0250549-8k_purple.htm CURRENT REPORT false 0001643953 0001643953 2025-07-23 2025-07-23 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 23, 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.   Amendments to Special Bonus Arrangements   In July 2025, Purple Innovation, Inc. (the “Company”) entered into amendments (together, the “Amendments”) to each of the previo

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