Purple Innovation shareholders approve reverse stock split; CEO gets $1M retention bonus

Purple Innovation, Inc.

Stockholders approved reverse stock split at ratio from 1:10 to 1:30, as determined by Board.
CEO Robert T. DeMartini eligible for $1M retention bonus vesting in three tranches through June 30, 2027.
Amendment provides for accelerated vesting of time-based RSUs and pro-rata PSUs upon retirement after June 30, 2027.
Adjournment proposal also approved with 86.9M votes for, 2.1M against, 2.4M abstain.

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