Purple Innovation announces retirement of former CLO Casey McGarvey effective Feb 2, 2024

Purple Innovation, Inc.

Casey McGarvey retired as advisor effective Feb 2, 2024; he resigned as Chief Legal Officer on Oct 23, 2023.
Separation agreement provides $226,897 severance (29 weeks of base pay) paid in installments.
McGarvey will receive up to $1,200/month COBRA subsidy through Aug 2024.
Equity awards (RSUs and options) continue vesting through Mar 15, 2024; 18,917 RSUs and 658 options vest on that date.
Agreement includes standard release of claims, confidentiality, and non-disparagement provisions.

item 5.02 item 9.01

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Departed

Casey McGarvey

Advisor

PRPL · Purple Innovation, Inc.

Effective: 2024-02-02
Filed: February 5, 2024, 6:59 PM ET

On February 2, 2024, Casey McGarvey, a named executive officer of Purple Innovation, Inc. (the “Company”), and the Company determined that due to his retirement Mr. McGarvey’s last day of employment with the Company was February 2, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Casey McGarvey retired as Advisor at Purple Innovation, Inc..

Action: retired
Role: Advisor

Exact text from the filing

On February 2, 2024, Casey McGarvey, a named executive officer of Purple Innovation, Inc. (the “Company”), and the Company determined that due to his retirement Mr. McGarvey’s last day of employment with the Company was February 2, 2024.

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Purple Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-009768

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