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Damien Park (e) dpark@hedgerelations.com (t) 215-325-0514

Wednesday, April 8, 2015

H Partners launches website to support its “Vote No” campaign at Tempur Sealy

http://www.fixtempursealy.com/

Background
On February 29th H Partners disclosed a 9.97% "active" stake in TPX

2/16 H Partners sent a letter to the board demanding immediate leadership change. 

2/20 Chieftan Capital (5.78% shareholder) sent a letter to TPX supporting H Partners calls for a CEO and board change

3/18 H Partners requested a shareholder list from TPX

3/24 H Partners filed preliminary proxy materials to solicit votes against three incumbent directors (TPX has a majority vote policy) 

3/30 H Partners submitted a demand to inspect the company's books and records to investigate possible corporate mismanagement and waste as well as breach of fiduciary duties by certain board member

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