Responding to concerns issued by its single largest shareholder, bedding resource Purple Innovation has expanded the size of its board from five directors to eight. …
Coliseum Capital, Purple Innovation’s largest shareholder, has filed a lawsuit to invalidate the company’s recently issued “Proportional Representation Preferred Link Stock,” saying it deprives shareholders of a “fair and democratic election of directors” during its 2023 annual meeting.
Seeking to reverse the financial course of bedding resource Purple Innovation, the company’s largest shareholder is seeking to nominate five new directors for its seven-member board during the company’s 2023 annual meeting.
Mattress exhibitors at Las Vegas Market came ready to do business, with dozens of manufacturers releasing new and innovative solutions that focus on helping the retailer sell more than just mattresses and sleep.