UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 10, 2020
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
(800 ) 878-8889
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||||||
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On February 10, 2020, Tempur Sealy International, Inc. issued a press release (the "Press Release") announcing its investment in renewable solar energy for its Albuquerque, New Mexico facility and highlighting the achievement of the Energy Star Challenge award for industry by its Duffield, Virginia facility. A copy of the Press Release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |||||||
| 99.1 | ||||||||
| 104.1 | Cover page interactive data file (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 10, 2020
| Tempur Sealy International, Inc. | ||||||||
| By: | /s/ Bhaskar Rao | |||||||
| Name: | Bhaskar Rao | |||||||
| Title: | Executive Vice President & Chief Financial Officer | |||||||
TEMPUR SEALY REDUCES ENERGY FOOTPRINT FOR U.S. OPERATIONS
–Investing in Renewable Energy Source
–Achieves the ENERGY STAR Challenge for Industry
LEXINGTON, KY, February 10, 2020 – Tempur Sealy International, Inc. (NYSE: TPX, “Company”) announced today that it will invest in solar power technology for its largest mattress manufacturing operation, located in Albuquerque, New Mexico. The project is planned for completion by year end. The locally-generated renewable energy will provide a sustainable source of electric power sufficient to run all of Albuquerque’s mattress assembly lines, reducing the annual electric consumption purchased from public utility by approximately 2 million kWh’s.
Additionally, the Company announced that its facility in Duffield, Virginia has achieved the U.S. Environmental Protection Agency's (EPA’s) ENERGY STAR Challenge for Industry by reducing its energy intensity by nearly 40% within 4 years. In successfully achieving the ENERGY STAR Challenge, Tempur Sealy’s Duffield facility has reduced over 3,800 tons of greenhouse gases per year and saved enough energy to power over 500 homes.
Earlier this year, the Company issued its first Corporate Social Values Report to highlight its efforts to improve its communities and the environment. The Company focuses on driving many environmentally friendly initiatives through leveraging well-established practices and continually researching additional areas of opportunity. Through these efforts to continuously expand its environmental initiatives, the Company identified the opportunity to integrate solar power in its manufacturing operations.
“These renewable energy projects are exciting additions to our other environmental initiatives here at Tempur Sealy,” said Scott Thompson, Tempur Sealy International, Inc. Chairman and CEO. “This reduction in our carbon footprint from the solar energy initiative alone equates to powering all mattress assembly lines at our largest facility, and at the same time, allows us to improve the cost effectiveness of our operations.”
Forward-Looking Statements
This press release may contain "forward-looking statements," within the meaning of the federal securities laws, which includes information concerning one or more of the Company's plans, objectives, goals, strategies, and other information that is not historical information. When used in this release, the words "expects," "anticipates," "projects," "plans," "proposed," "intends," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the Company’s operational plans, results of operation or financial position. Any forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. Numerous factors, many of which are beyond the Company's control, could cause actual outcomes to differ materially from those expressed as forward-looking statements.
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.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com