LEXINGTON, Ky., April 6, 2020 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, "Company") announced today that
Scott Thompson, Chairman and CEO,
has pledged to contribute his remaining 2020 net base salary to the
Tempur Sealy Foundation, which generally supports children and
families in need. Furthermore, the Company's Board of Directors
(the "Board") elected to forego their board fees for the remainder
of 2020 which will be contributed to the Tempur Sealy Foundation.
Other executives of the Company have also volunteered to contribute
a portion of their base salaries to support the cause.
Mr. Swanson has been with the Company for nearly 20 years and
has served as interim CEO previously. Ms. Gulacsy has been with the
Company seven years and has served as interim CFO and Treasurer
previously. Mr. Bogumil has more than 20 years of industry
experience and will be responsible for corporate and park
operations in his new role.
Additionally, the Company continues its company-wide efforts to
provide critical products and services to combat COVID-19. Tempur
Sealy is the largest mattress manufacturer in the world and is
utilizing its extensive operations and expertise to manufacture
medical grade mattresses and other products for use by medical
professionals in the fight against COVID-19. Specifically, the
Company has developed specialized products and is manufacturing
mattresses, medical grade foams used in medical equipment, and
other related products that will be used in hospitals and medical
facilities during this time of crisis. The Company is actively
engaged with numerous government and healthcare organizations to
assess the product need and timing of each unique situation. As a
designated critical vendor in support of medical needs, the Company
is focused on doing its part during the crisis.
Forward-Looking Statements
This press release may be deemed to include statements that are
"forward-looking" within the meaning of the federal securities
laws, which includes information concerning one or more of the
Company's plans, objectives, goals, strategies, and other
information that is not historical information. When used in this
release, the word "will" and variations of such a word or similar
expressions are intended to identify such statements.
Forward-looking statements may include, without limitation,
statements relating to the Company's successful development and
manufacture of mattresses and other products to support government
and healthcare organizations with respect to the COVID-19 pandemic.
Any forward-looking statements contained herein are based upon
current expectations and beliefs and various assumptions. There can
be no assurance that the Company will realize these expectations or
that these beliefs will prove correct.
Other potential risk factors include the risk factors discussed
under the heading "Risk Factors" in ITEM 1A of Part 1 of the
Company's Annual Report on Form 10-K for the year
ended December 31, 2019. There may be other factors that may
cause actual results to differ materially from the forward-looking
statements contained herein. The Company undertakes no obligation
to update any forward-looking statement contained herein to reflect
events or circumstances after the date on which such statement is
made.
About the Company
Tempur Sealy International, Inc. (NYSE: TPX) develops,
manufactures, and markets mattresses, foundations, pillows and
other products. The Company's products are sold worldwide
through third party retailers, its own stores, and online. The
Company's brand portfolio includes many highly recognized brands in
the industry, including Tempur®, Tempur-Pedic®, Sealy® featuring
Posturepedic® Technology, and Stearns & Foster®. World
headquarters for Tempur Sealy International is in Lexington, KY. For more information,
visit http://www.tempursealy.com or call
800-805-3635.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
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SOURCE Tempur Sealy International, Inc.