secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2022-03-22T23:59:59+00:00
Accession:  0001213900-22-014166
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purple Innovation appoints Robert DeMartini as permanent CEO; base salary $680,000
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- Robert DeMartini appointed permanent CEO, removing 'acting' title, effective March 19, 2022.
- Base salary set at $680,000 annually; minimum target annual bonus of 100% of base salary.
- Equity grants of 500,000 RSUs and 500,000 stock options, each vesting one-third annually.
- Eligible for annual equity grants valued at $1,500,000 beginning in 2023.
- Severance: 12 months' base salary (18 months if within Change in Control Period) plus COBRA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390022014166/0001213900-22-014166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390022014166/ea157233-8k_purpleinn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-014166

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