INVESTOR FAQ

Company History

WHEN WAS TEMPUR SEALY INTERNATIONAL, INC. FOUNDED?
Tempur-Pedic International Inc. acquired Sealy Corporation on March 18, 2013 and subsequently changed its name to Tempur Sealy International, Inc. on May 22, 2013.  The U.S. Tempur business was originally founded in 1992 after nearly a decade of research and development of a product formulation originally designed for use by NASA. The Sealy business was founded in 1881 in the town of Sealy, Texas when Daniel Haynes, cotton gin builder, filled a request for a cotton-filled mattress. 
HOW ARE TEMPUR-PEDIC PRODUCTS AFFILIATED WITH NASA?
In the early 1970's, NASA engineers developed a viscoelastic memory foam to relieve astronauts of the incredible G-forces experienced during lift-off. Tempur-Pedic®'s Swedish partners began experiments to perfect the NASA formula for consumer use and after nearly a decade and millions of dollars of research; the company introduced our improved version – the proprietary TEMPUR® pressure-relieving material.

In 1998 Tempur-Pedic® was awarded the "Certified Technology Seal" from NASA. This seal verifies that the underlying product technology was derived from the United States' efforts and experiments in space.
WHEN DID TEMPUR SEALY INTERNATIONAL INC. BECOME A PUBLIC COMPANY?
The Company became a publicly-traded company on December 18, 2003.

General

WHERE ARE TEMPUR SEALY'S HEADQUARTERS?
Tempur Sealy International, Inc.’s corporate headquarters are located in Lexington, Kentucky.
ARE TEMPUR SEALY PRODUCTS DISTRIBUTED GLOBALLY?
Yes. Tempur Sealy International, Inc.’s products are currently sold in over 80 countries under the TEMPUR®,  Tempur-Pedic®, Sealy®, Sealy Posturepedic®, and Stearns & Foster® brand names.
WHERE IS TEMPUR SEALY INTERNATIONAL, INC. STOCK TRADED?
Tempur Sealy International, Inc.’s stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol TPX.
WHO IS THE STOCK TRANSFER AGENT?
Tempur Sealy International, Inc.'s stock transfer agent is American Stock Transfer & Trust Company, LLC. More information is available at http://www.amstock.com/main/.
HOW CAN I BUY TEMPUR SEALY INTERNATIONAL, INC. STOCK?
You can purchase Tempur Sealy International, Inc. common stock through any brokerage account. Our stock trades on the New York Stock Exchange under the ticker symbol TPX.
WHO IS TEMPUR SEALY INTERNATIONAL, INC.'S INDEPENDENT AUDITOR?
The Company's independent auditor is Ernst and Young LLP.

Stock Split

WHY HAVE YOU DECIDED TO SPLIT TEMPUR SEALY’S STOCK?
We want Tempur Sealy stock to be more accessible to retail investors and employees and to improve trading liquidity.
HAS TEMPUR SEALY’S STOCK EVER SPLIT IN THE PAST?
This will be Tempur Sealy’s first stock split since going public in 2003.
WILL THE STOCK SPLIT CHANGE MY PERCENTAGE OWNERSHIP OF TEMPUR SEALY?
No, the stock split will not impact your relative ownership interest in Tempur Sealy.
WHAT IS THE EFFECTIVE DATE OF THE SPLIT?

There are several key dates to consider:

The Record Date – November 10, 2020: shareholders are entitled to receive 3 additional shares for each share owned on this date. Shares will not be received until the Payment Date.

The Payment Date – November 23, 2020: shareholders will receive 3 additional shares for each share owned on the Record Date.

The Ex-Date – November 24, 2020: the date determined by the New York Stock Exchange when Tempur Sealy common shares will begin trading on a stock-split adjusted basis. 

ARE THERE ANY INCOME TAX CONSEQUENCES AS A RESULT OF THE STOCK SPLIT?
There will be no taxable income as a result of the stock split for U.S. federal income tax purposes. The stock split will impact the income tax basis of shares held by investors that receive shares as the result of the stock split. We recommend that investors consult their income tax advisors to the extent they have questions that may be specific to them. 
HOW WILL I RECEIVE THE SPLIT SHARES?

The additional shares to be distributed to you as a result of the stock split will be distributed through the Direct Registration System (DRS).

If you hold shares in a brokerage account, the additional shares to reflect the split will be deposited into your account following the Payment Date (November 23, 2020). Contact your broker if you have any questions regarding timing. 

If you hold your shares directly with Tempur Sealy’s transfer agent, American Stock Transfer & Trust Company, LLC (AST) or hold a physical stock certificate, the additional shares to reflect the split will be deposited into your account immediately following the Payment Date (November 23, 2020). If you hold a physical stock certificate, a physical stock certificate for the additional shares will not be issued. Rather, your shares will be recorded electronically on the books of AST.
 

WHERE WILL MY STATEMENT BE MAILED?

If your stock is currently held in a brokerage account, information will be provided to you by your broker.

If you currently hold stock certificates in your name or hold shares directly with AST, AST will mail a DRS Transaction Statement along with a cover letter to your address on record. The DRS Transaction Statement is your confirmation and will indicate only the number of additional shares that you received from the stock split based on your share balance as of the Record Date. It will not indicate your total share balance following the stock split.  

WHAT DO I DO WITH THE STOCK CERTIFICATE(S) THAT I CURRENTLY HOLD?
The stock certificates that you currently hold will remain valid.  Please do not destroy your existing certificates.
HOW WILL THE STOCK SPLIT AFFECT THE NUMBER OF SHARES OUTSTANDING AND THE FUTURE CALCULATION OF EARNINGS PER SHARE?
At the time of the split, the number of shares outstanding will be multiplied by four and earnings per share will be divided by four.

Dividend

DOES TEMPUR SEALY PAY A CASH DIVIDEND?
The Board of Directors initiated a quarterly cash dividend in February 2021. The Board of Directors will evaluate potential future cash dividends against current and future earnings.
WHEN WILL THE CASH DIVIDEND BE PAID?

There are several key dates to consider:

The Declaration Date – February 4, 2021: The date on which the Board of Directors formally declared a quarterly cash dividend.

The Ex-Date – February 24, 2021: the trading date on or after which a new buyer of our common stock will not be entitled to the cash dividend

The Record Date – February 25, 2021: shareholders are entitled to receive a cash dividend of $0.07 for each share owned on this date.

The Payable Date – March 12, 2021: shareholders will receive a dividend of $0.07 for each share owned on the Record Date.

WHY HAVE YOU DECIDED TO INITIATE A CASH DIVIDEND?
We believe that a modest dividend represents an attractive return to income investors while also permitting us to continue to invest in people, products, processes, share repurchase and opportunistic acquisitions.
HAS TEMPUR SEALY EVER ISSUED A CASH DIVIDEND IN THE PAST?
Yes, Tempur Sealy issued cash dividends in 2007 and 2008. For additional information regarding historical cash dividends, please refer to the ‘Dividend and Stock Split History’ webpage.
DOES TEMPUR SEALY HAVE A DIVIDEND REINVESTMENT PROGRAM?
No, the Company does not have a dividend reinvestment program. 
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