---
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"
generated_at: "2026-06-28T01:43:46.621199+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CEO Joseph Megibow resigns; Robert DeMartini named acting CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-065042
- JSON: https://secwatch.observer/filing/0001213900-21-065042.json
- Plain text: https://secwatch.observer/filing/0001213900-21-065042.txt

## Key facts
- Executive change
  Robert T. DeMartini was appointed as Acting Chief Executive Officer at Purple Innovation, Inc..
  - Action: appointed
  - Role: Acting Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm
- Executive change
  Robert T. DeMartini was appointed as Director at Purple Innovation, Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm
- Executive change
  Joseph B. Megibow resigned as Chief Executive Officer at Purple Innovation, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390021065042/0001213900-21-065042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.