{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-21-065042","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2021-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:13.457824+00:00","generated_at":"2026-06-28T01:43:46.621199+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CEO Joseph Megibow resigns; Robert DeMartini named acting CEO","bullets":["Megibow resigned as CEO and director Dec 13, 2021, to pursue other interests; no disagreement with company.","Separation agreement provides $500,000 severance payable over 18 months plus accrued benefits and COBRA.","Robert DeMartini appointed acting CEO and director effective Dec 13; board will search for permanent CEO.","DeMartini receives $150,000/month ($50K cash + $100K stock) under employment agreement ending July 3, 2022.","Interim CFO Bennett Nussbaum's consultancy extended through Aug 19, 2022, with total compensation of $600K plus bonuses."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-21-065042","json":"https://secwatch.observer/filing/0001213900-21-065042.json","markdown":"https://secwatch.observer/filing/0001213900-21-065042.md","text":"https://secwatch.observer/filing/0001213900-21-065042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/ea152212-8k_purpleinno.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T01:43:46.621199+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"adee99a502","claim":"Robert T. DeMartini was appointed as Acting Chief Executive Officer at Purple Innovation, Inc..","evidence_excerpt":"On December 13, 2021, in connection with Mr. Megibow’s resignation from the office of chief executive officer and as a director, the board of directors of the Company appointed Robert T. DeMartini as acting chief executive officer and a director, effective December 13, 2021, to serve on an interim basis.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Acting Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"dfa018f782","claim":"Robert T. DeMartini was appointed as Director at Purple Innovation, Inc..","evidence_excerpt":"On December 13, 2021, in connection with Mr. Megibow’s resignation from the office of chief executive officer and as a director, the board of directors of the Company appointed Robert T. DeMartini as acting chief executive officer and a director, effective December 13, 2021, to serve on an interim basis.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f23daedee8","claim":"Joseph B. Megibow resigned as Chief Executive Officer at Purple Innovation, Inc..","evidence_excerpt":"On December 13, 2021, Joseph B. Megibow resigned from the office of chief executive officer and as a director of Purple Innovation, Inc. (the “Company”) to pursue other interests effective December 13, 2021 (the “Resignation Date”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}