Name change is official: Meet Tempur Sealy International
Larry Thomas -- Furniture Today, May 24, 2013
LEXINGTON, Ky. — Bedding major Tempur-Pedic International said its shareholders have approved changing the name of the company to Tempur Sealy International.
The name change, made in the wake of the company's March acquisition of Sealy Inc., was overwhelmingly approved at its annual stockholders meeting on Wednesday.
In a filing with the Securities and Exchange Commission, the company said 56.1 million shares were voted in favor of the name change while only 86,674 shares were voted against it.
Mark Sarvary, president and CEO, said the company's headquarters will remain in Lexington, and shares will continue to trade on the New York Stock Exchange under the ticker symbol TPX.
"While the Tempur Sealy International name is new, our well recognized industry leading global brands remain distinct," Sarvary said. "I am very optimistic about the future growth potential for our company."
The company, which now describes itself as the "world's largest bedding provider," has launched a new website at www.tempursealy.com to coincide with the name change.
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