LEXINGTON, Ky., April 29, 2020 /PRNewswire/ -- Tempur Sealy
International, Inc., (NYSE: TPX) announced today that the Tempur
Sealy Foundation is donating $160,000
to charities that are serving communities during the COVID-19
crisis. These charities include, among others, The Red Cross, The
United Way, KVC Kentucky, Ronald McDonald House Charities of the
Bluegrass, Sunrise Children's Services and Lexington
Rescue Mission.
"These charities do amazing work every day, but
their services have never been more important than they are in this
current challenging environment," said Scott Thompson, Tempur Sealy Chairman, CEO and
President. "The Tempur Sealy Foundation is pleased to
continue to provide financial support for the life-changing work
they are doing in our community."
KVC Kentucky, Ronald McDonald House Charities of the Bluegrass,
Sunrise Children's Services, and Lexington Rescue
Mission have been supported by the Tempur Sealy Foundation since it
was founded.
In addition to the financial support, Tempur Sealy is also
providing these charities with 10,000 masks for use by their
employees and clients. Since the onset of the COVID-19 crisis,
Tempur Sealy has repurposed a percentage of its worldwide
manufacturing capability to make relief mattresses, masks and other
products needed by the medical and relief community. The company is
producing hundreds of thousands of mattresses, masks and other
relief products for the cause. Many are being donated and the rest
are being sold at the company's cost.
"Early on, the company made the decision to pivot
part of our extensive manufacturing capacity and make products that
are needed by government, medical and relief organizations,"
Thompson added. "Two of our corporate values are
'We do the right thing' and 'We care
about each other.' Manufacturing these products that are in such
demand allows us to demonstrate these corporate values."
Tempur Sealy is also continuing its robust mattress donation
program for charities, with a focus on COVID-19-related needs. The
company has donated more than 200,000 mattresses to charity in the
last decade. Recently, Tempur Sealy donated mattresses to The Hope
Center's overflow homeless shelter at Lexington's Transylvania University, as well as to their
Women's Center.
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.
About the Tempur Sealy Foundation
The mission of the Tempur Sealy Foundation, founded in 2017, is to
provide financial support for charities assisting children and
families near Tempur Sealy's world headquarters of
Lexington, Ky. Since its
inception, the Foundation has donated more than $400,000 to charities. In December 2019, Tempur Sealy made a special
contribution of 100,000 shares of its common stock to charities,
including the Tempur Sealy Foundation. In April, Tempur Sealy
Chairman, CEO and President Scott
Thompson pledged to contribute his remaining 2020 net
base salary to the Tempur Sealy Foundation. In addition, the
Tempur Sealy Board of Directors elected to forego their board fees
for the remainder of 2020 which will be contributed to
the Tempur Sealy Foundation. Other executives have also
volunteered to contribute a portion of their base salaries to
support the Foundation.
Contact:
Rick Maynard
Tempur Sealy Public Relations
Phone:
859-455-2477
Email: Rick.Maynard@tempursealy.com
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SOURCE Tempur Sealy International, Inc.