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Proxy firms pick sides in Tempur Sealy boardroom battle

Apr. 27, 2015 9:05 AM ETTempur Sealy International, Inc. (TPX) StockBy: Clark Schultz, SA News Editor
  • Proxy firms are lining up for and against Tempur Sealy (NYSE:TPX -0.2%) in its boardroom battle with H Partners.
  • ISS, Glass Lewis, and Proxy Mosaic all recommend a vote against CEO Mark Sarvary, Chairman Andrew McLane, and Christopher Masto.
  • Tempur Sealy did nab the support of Egan Jones for its nominees.
  • H Partners disclosed a ~10% stake in Tempur Sealy in February and has been pressing hard for a swap of directors ever since.
  • The Tempur Sealy annual meeting is scheduled for May 8.
  • UPDATED: A SEC filing from Tempur Sealy indicates Egan Jones is expected to change its recommendation.
  • SEC Form 14A

This was corrected on 06/07/2022 at 6:44 PM. New information on Egan Jones

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