Tempur Sealy completes $5B acquisition of Mattress Firm; name change to Somnigroup

SOMNIGROUP INTERNATIONAL INC.

Total purchase price approx. $5B: $2.7B cash + 34.2M Tempur Sealy shares issued.
Pro forma annual sales ~$8B (85% North America, 65% direct-to-consumer channels).
Company to rename Somnigroup International Inc., ticker SGI, effective Feb 18, 2025.
Peter Sachse appointed to Board; will divest 73 Mattress Firm stores and Sleep Outfitters to Mattress Warehouse in Q2 2025.
CEO cites 80% stock price increase since deal announced; expects enhanced omni-channel strategy.

item 3.02 item 2.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Peter R. Sachse

Director

SGI · SOMNIGROUP INTERNATIONAL INC.

Effective: 2025-02-05
Filed: February 6, 2025, 6:59 PM ET

Pursuant to the terms of the Merger Agreement, the Board of Directors (the "Board") of the Company approved an increase of the size of the Board from 7 to 8 members effective February 5, 2025 and filled the newly created vacancy by appointing Peter R. Sachse, as an independent director, to serve on the Board, effective on the same day.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Peter R. Sachse was appointed as Director at SOMNIGROUP INTERNATIONAL INC..

Action: appointed
Role: Director

Exact text from the filing

Pursuant to the terms of the Merger Agreement, the Board of Directors (the "Board") of the Company approved an increase of the size of the Board from 7 to 8 members effective February 5, 2025 and filled the newly created vacancy by appointing Peter R. Sachse, as an independent director, to serve on the Board, effective on the same day.

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SOMNIGROUP INTERNATIONAL INC. filing history →

Source: SEC EDGAR

accession 0001206264-25-000025

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