Tempur Sealy Shareholders Overwhelmingly Vote against the Re-Election of All Three Directors Targeted by H Partners at 2015 A...
May 08 2015 - 12:33PM
Business Wire
H Partners Management, LLC (“H Partners”), the largest
shareholder of Tempur Sealy International, Inc. (the “Company” or
“Tempur Sealy”) (NYSE:TPX), with an approximate 10% stake, today
announced that, based on a preliminary vote count, an overwhelming
majority of Tempur Sealy shareholders voted against the re-election
of all three directors targeted by H Partners:
- Mark Sarvary, President and Chief
Executive Officer
- P. Andrews McLane, Chairman of the
Board
- Christopher A. Masto, Chairman of the
Nominating and Corporate Governance Committee
Usman Nabi of H Partners said, “We thank Tempur Sealy’s
shareholders for supporting our campaign for leadership change. We
look forward to working constructively with a reinvigorated Board
to create value for all shareholders.”
About H Partners
Management
H Partners Management, LLC is an independent investment firm
founded in 2005 based in New York City.
H Partners Management, LLCUsman Nabi / Arik
Ruchim212-265-4200orInnisfree M&A IncorporatedScott Winter /
Jonathan Salzberger212-750-5833
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