{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-033865","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.808135+00:00","generated_at":"2026-06-16T06:34:29.808982+00:00","sec_items":["3.03","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Purple Innovation appoints three new directors, terminates poison pill and PRPLS after Coliseum pact","bullets":["Directors Pano Anthos and Paul Zepf resigned April 27, 2023 under Cooperation Agreement with Coliseum Capital.","Board expanded to 8; appointed S. Hoby Darling, R. Carter Pate, and Erika Serow as directors; Adam Gray named Chair.","Stockholder Rights Agreement (poison pill) expired early on April 27, 2023 via amendment; all Rights expired.","All shares of Proportional Representation Preferred Linked Stock (PRPLS) redeemed and certificate eliminated.","Special Committee formed Sept 2022 terminated; bylaws amended to reference Lead Independent Director Charter."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-033865","json":"https://secwatch.observer/filing/0001213900-23-033865.json","markdown":"https://secwatch.observer/filing/0001213900-23-033865.md","text":"https://secwatch.observer/filing/0001213900-23-033865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/ea177535-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:34:29.808982+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":"1aa2ac713b","claim":"Pano Anthos resigned as Director at Purple Innovation, Inc..","evidence_excerpt":"on April 27, 2023, Pano Anthos and Paul Zepf resigned as directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2cb5bd629a","claim":"Erika Serow was appointed as Director at Purple Innovation, Inc..","evidence_excerpt":"the Company increased the size of the Board to eight (8) directors and appointed S. Hoby Darling, R. Carter Pate, and Erika Serow (the \"New Directors\") to the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"490b459944","claim":"S. Hoby Darling was appointed as Director at Purple Innovation, Inc..","evidence_excerpt":"the Company increased the size of the Board to eight (8) directors and appointed S. Hoby Darling, R. Carter Pate, and Erika Serow (the \"New Directors\") to the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"49b6c9625e","claim":"R. Carter Pate was appointed as Director at Purple Innovation, Inc..","evidence_excerpt":"the Company increased the size of the Board to eight (8) directors and appointed S. Hoby Darling, R. Carter Pate, and Erika Serow (the \"New Directors\") to the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8464fa6c49","claim":"Paul Zepf resigned as Chair of the Board at Purple Innovation, Inc..","evidence_excerpt":"on April 27, 2023, Pano Anthos and Paul Zepf resigned as directors of the Company. At the time of their resignations, Mr. Anthos served on the Audit Committee and the Nomination & Governance Committee of the Board and Mr. Zepf served as Chair of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chair of the Board"}],"fact_type":"executive_change"},{"claim_id":"ba55554c61","claim":"Adam Gray was appointed as Chair of the Board at Purple Innovation, Inc..","evidence_excerpt":"the Board appointed Adam Gray as Chair of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chair of the Board"}],"fact_type":"executive_change"},{"claim_id":"33b2febc1455c633e30afb477d021f4ef7da2645","claim":"Purple Innovation, Inc.: Amended and restated bylaws in their entirety, including changes referencing the Lead Independent Director Charter (effective 2023-04-27).","evidence_excerpt":"Pursuant to the Cooperation Agreement, on April 27, 2023, the Company amended and restated its bylaws in their entirety.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-04-27"}],"fact_type":"governance_change"},{"claim_id":"81660b95a702985f8b6d76c5f4c299bac4742b07","claim":"Purple Innovation, Inc.: Certificate of Elimination filed for Proportional Representation Preferred Linked Stock, eliminating the designation and returning shares to authorized but unissued preferred stock (effective 2023-04-27).","evidence_excerpt":"On the same date, the Company filed with the Secretary of State for the State of Delaware a Certificate of Elimination eliminating from its Second Amended and Restated Certificate of Incorporation, as amended, the designation of certain shares of its preferred stock as PRPLS.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-04-27"}],"fact_type":"governance_change"},{"claim_id":"cbd21c0342d58448a493b502321edf0274fb69e9","claim":"Purple Innovation, Inc.: Certificate of Elimination filed for Series A Junior Participating Preferred Stock, eliminating the designation and returning shares to authorized but unissued preferred stock (effective 2023-04-27).","evidence_excerpt":"On the same date, the Company filed with the Secretary of State for the State of Delaware a Certificate of Elimination eliminating from its Second Amended and Restated Certificate of Incorporation, as amended, the designation of certain shares of its preferred stock as Series A Junior Participating Preferred Stock, which had been designated for potential use in connection with the Stockholder Rights Agreement.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023033865/0001213900-23-033865-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-04-27"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}