Activist Client H Partners Makes Headlines Following Public Letter to Tempur Sealy International
The New York Times DealBook, The Wall Street Journal, Reuters, CNBC and numerous other national media outlets reported on H Partners’ public letter to the Board of Directors of Tempur Sealy International, Inc. In its letter, H Partners Management LLC urged the Tempur Sealy Board to immediately replace the current CEO Mark Sarvary. H Partners, who is the largest investor with a 9.97 percent stake in Tempur Sealy, is citing concerns about the mattress company’s missed financial forecasts and poor stock performance, among other things. The letter also states that H Partners is calling for board changes at Tempur Sealy. Olshan attorneys Steve Wolosky, Andrew Freedman and Timothy Knox represent H Partners in the Tempur Sealy matter.