Purple Innovation (PRPL) Proxy Filing summary

Executive summary

• Special Meeting scheduled for October 15, 2024, to be held exclusively via live audio webcast.

• Shareholders must register in advance to attend and vote at the meeting.

• Proxy materials are available online, with options to request paper or email copies.

Voting matters and shareholder proposals

• Proposal 1 seeks approval to amend the Certificate of Incorporation to restrict certain share acquisitions, protecting $238 million in net operating loss carryforwards.

• Proposal 2 requests ratification of the NOL Rights Plan to deter acquisitions that could jeopardize tax benefits.

• Proposal 3 allows adjournment or postponement of the meeting to solicit more votes for Proposals 1 and 2.

• Board recommends voting in favor of all three proposals.

Board of directors and corporate governance

• Board of Directors issued the notice and recommendations for the meeting.

• Chief Legal Officer & Corporate Secretary, Tricia McDermott, authorized the communication.