Purple Innovation CFO Craig Phillips departs; Bennett Nussbaum named interim CFO

Purple Innovation, Inc.

Craig Phillips' last day as CFO is August 31, 2021; departure not related to financial reporting or controls.
Bennett Nussbaum, age 74, appointed interim CFO; previously CFO at Pepsi-Cola, Burger King, FedEx Office.
Nussbaum receives $300K for 6-month initial term, $50K per month extension, $100K bonus, and stock appreciation incentive.
Company has engaged an executive search firm to identify a permanent CFO.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Bennett Nussbaum

Interim Chief Financial Officer and Principal Financial Officer

PRPL · Purple Innovation, Inc.

Effective: 2021-08-19
Filed: August 24, 2021, 7:59 PM ET

On August 19, 2021, in connection with the departure of Craig L. Phillips as the Company’s Chief Financial Officer, the Board of Directors (the “Board”) of the Company appointed Bennett Nussbaum to serve as the Interim Chief Financial Officer and Principal Financial Officer of the Company.

Departed

Craig L. Phillips

Chief Financial Officer

PRPL · Purple Innovation, Inc.

Effective: 2021-08-31
Successor: Bennett Nussbaum
Filed: August 24, 2021, 7:59 PM ET

On August 18, 2021, Craig L. Phillips, Chief Financial Officer of Purple Innovation, Inc. (the “Company”), and the Company determined that Mr. Phillips’ last day of employment as the Chief Financial Officer of the Company will be August 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Bennett Nussbaum was appointed as Interim Chief Financial Officer and Principal Financial Officer at Purple Innovation, Inc..

Action: appointed
Role: Interim Chief Financial Officer and Principal Financial Officer

Exact text from the filing

On August 19, 2021, in connection with the departure of Craig L. Phillips as the Company’s Chief Financial Officer, the Board of Directors (the “Board”) of the Company appointed Bennett Nussbaum to serve as the Interim Chief Financial Officer and Principal Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Craig L. Phillips departed as Chief Financial Officer at Purple Innovation, Inc..

Action: departed
Role: Chief Financial Officer

Exact text from the filing

On August 18, 2021, Craig L. Phillips, Chief Financial Officer of Purple Innovation, Inc. (the “Company”), and the Company determined that Mr. Phillips’ last day of employment as the Chief Financial Officer of the Company will be August 31, 2021.

View on SEC.gov

Purple Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-21-044610

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