{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-048279","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.648322+00:00","generated_at":"2026-05-15T02:52:43.101070+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Purple Q1 rev $95.7M (-8.1%); cuts FY rev guidance; CFO Vogensen resigns, Lucian named","bullets":["Q1 net revenue $95.7M, down 8.1% YoY; showroom comps +7.0%, e-commerce improved sequentially.","Net loss $30.5M vs $19.1M YoY; adjusted EBITDA $(4.8)M, flat YoY.","FY2026 revenue guidance cut to $465-485M from $500-520M due to accounting adjustment; EBITDA guidance reaffirmed at $20-30M.","CFO Todd Vogensen resigns effective May 1, 2026; Robert Lucian (ex-La-Z-Boy CFO) appointed CFO effective April 27, 2026.","Lucian's compensation: $600K base, $20K signing bonus, 75% target short-term incentive with $300K guarantee for 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-048279","json":"https://secwatch.observer/filing/0001213900-26-048279.json","markdown":"https://secwatch.observer/filing/0001213900-26-048279.md","text":"https://secwatch.observer/filing/0001213900-26-048279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/0001213900-26-048279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/ea0287736-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:52:43.101070+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":"6fe0f7101749d799bb4fc9fdbfc00673ddda4bb8","claim":"Purple Innovation, Inc. reported the first quarter ended March 31, 2026 results: revenue $95.7 million, net income $30.5 million. Guidance reaffirmed.","evidence_excerpt":"expanded distribution, and believe that we are well positioned to deliver continued progress in 2026.” First Quarter 2026 Financial Results First quarter 2026 net revenue was $95.7 million, down approximately 8.1% compared to the first quarter of 2025. The decrease was primarily driven by softness in e-commerce and lower wholesale revenue, partially offset by","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/0001213900-26-048279-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$95.7 million"},{"label":"Net income","value":"$30.5 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9e06051a0b","claim":"Todd Vogensen departed as Chief Financial Officer at Purple Innovation, Inc..","evidence_excerpt":"provided notice to the Company of his resignation as Chief Financial Officer effective May 1, 2026","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/0001213900-26-048279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resignation"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"f278ed6b5b","claim":"Robert G. Lucian was appointed as Chief Financial Officer at Purple Innovation, Inc..","evidence_excerpt":"the Board of Directors (the “Board”) of the Company appointed Robert G. Lucian to serve as the Chief Financial Officer of the Company, effective the week of April 27, 2026","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/0001213900-26-048279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}