---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-049781"
form_type: "8-K"
ticker: "PRPL"
cik: "0001643953"
company_name: "Purple Innovation, Inc."
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:21:59.635091+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Purple Innovation shareholders approve 3.8M share increase in equity plan, re-elect all directors

## Summary
- Stockholders approved amendment to 2017 Equity Incentive Plan, adding 3.8M shares; total authorized now 7.9M.
- Annual individual award limit raised to 1.5M shares; plan term extended through 2033.
- All eight director nominees elected; average 'for' votes exceeding 84 million shares.
- Advisory vote on executive compensation passed with 84.4M for vs 0.4M against.
- BDO USA, LLP ratified as independent auditor for FY 2023 with 91M for votes.

## SEC filing metadata
- accession: 0001213900-23-049781
- form_type: 8-K
- ticker: PRPL
- cik: 0001643953
- company_name: Purple Innovation, Inc.
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643953/000121390023049781/0001213900-23-049781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643953/000121390023049781/ea180538-8k_purple.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-049781
- JSON: https://secwatch.observer/filing/0001213900-23-049781.json
- Plain text: https://secwatch.observer/filing/0001213900-23-049781.txt

## Key facts
- Shareholder Votes
  Purple Innovation, Inc. shareholders approved Election of eight directors at the 2023-06-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-16
  source text: Election of eight directors to serve until their successors are duly elected and qualified at the next annual meeting of stockholders or until their earlier death, resignation or removal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390023049781/0001213900-23-049781-index.htm
- Shareholder Votes
  Purple Innovation, Inc. shareholders approved Approval, on an advisory basis, of the compensation of the Company's named executive officers as set forth in the Proxy Statement at the 2023-06-16 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-16
  source text: Approval, on an advisory basis, of the compensation of the Company's named executive officers as set forth in the Proxy Statement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390023049781/0001213900-23-049781-index.htm
- Shareholder Votes
  Purple Innovation, Inc. shareholders approved Approval of the amendment and restatement of the Company's 2017 Equity Incentive Plan at the 2023-06-16 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-06-16
  source text: Approval of the amendment and restatement of the Company's 2017 Equity Incentive Plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390023049781/0001213900-23-049781-index.htm
- Shareholder Votes
  Purple Innovation, Inc. shareholders approved Ratification of the selection of BDO USA, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-16 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-16
  source text: Ratification of the selection of BDO USA, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390023049781/0001213900-23-049781-index.htm

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