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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Purple Innovation Inc    PRPL

PURPLE INNOVATION INC

(PRPL)
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PURPLE INNOVATION, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

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07/09/2018 | 04:12pm EDT

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Resignation of Chief Operating Officer

On July 3, 2018, Charlie Smith resigned as the Company's Chief Operating Officer. The Company and Mr. Smith have entered into a separation agreement memorializing the terms of his separation of employment (the "Separation Agreement"). The Separation Agreement provides that, in consideration for Mr. Smith's comprehensive release of claims against the Company and its affiliates and his post-employment covenants set forth in the Separation Agreement, Mr. Smith will be entitled to receive severance of three months' pay, payable over a three-month period. Mr. Smith may revoke the Separation Agreement for a period of seven days after July 3, 2018, the date Mr. Smith executed the Separation Agreement. The Separation Agreement shall not become effective or enforceable until the seven-day revocation period has ended. The foregoing summary of the Separation Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Separation Agreement, a copy of which is attached as Exhibit 10.1 to this report and is incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS




(d) Exhibits



10.1     Separation Agreement, dated as of July 3, 2018, between Purple
       Innovation, Inc. and Charlie Smith




  1

© Edgar Online, source Glimpses

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Financials ($)
Sales 2019 374 M
EBIT 2019 2,50 M
Net income 2019 -3,90 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
Capi. / Sales 2019 0,94x
Capi. / Sales 2020 0,77x
Capitalization 350 M
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Income Statement Evolution
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Sell
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Mean consensus BUY
Number of Analysts 1
Average target price 6,50 $
Spread / Average Target -0,15%
EPS Revisions
Managers
NameTitle
Joseph B. Megibow Chief Executive Officer
Terry V. Pearce Chairman
John A. Legg Chief Operating Officer
Mark A. Watkins Chief Financial Officer & Treasurer
Adam Louis Gray Non-Executive Director
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