Activist Client H Partners Makes Headlines Following Public Letter to Tempur Sealy International
February 17, 2015
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 and Andrew Freedman represent H Partners in the Tempur Sealy matter.