Purple Innovation and former CMO Patrice Varni sign Separation Agreement; severance includes $206,000 over 26 weeks

Purple Innovation, Inc.

Patrice Varni, former CMO, left on Oct 18, 2022; Separation Agreement signed Nov 5, 2022.
Severance: $206,000 over 26 weeks plus $14,000 lump sum; COBRA premium paid for up to 26 weeks.
Unpaid base salary, expense reimbursements, and vested 401(k) balance to be paid.
Agreement includes release, non-disparagement, confidentiality, and cooperation clauses.
All unvested restricted and performance stock units forfeited as of termination date.

item 5.02 item 9.01

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Departed

Patrice Varni

Chief Marketing Officer

PRPL · Purple Innovation, Inc.

Effective: 2022-10-18
Filed: November 8, 2022, 6:59 PM ET

As previously disclosed, on October 18, 2022, Patrice Varni, who had served as the Chief Marketing Officer of the Company, left the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patrice Varni departed as Chief Marketing Officer at Purple Innovation, Inc..

Action: left
Role: Chief Marketing Officer

Exact text from the filing

As previously disclosed, on October 18, 2022, Patrice Varni, who had served as the Chief Marketing Officer of the Company, left the Company.

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Purple Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-070122

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