Sleep Number Corp. Files 8-K on Financial Agreements

Ticker: SNBR · Form: 8-K · Filed: 2025-03-05T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-condition, debt-obligation

Related Tickers: SNBR

TL;DR

SNBR filed an 8-K detailing material definitive agreements and financial condition updates.

AI Summary

On March 3, 2025, Sleep Number Corp. entered into a material definitive agreement related to its financial obligations. The company also reported its results of operations and financial condition. This filing indicates a significant financial event for the company.

Why It Matters

This filing signals a material change in Sleep Number's financial structure or obligations, which could impact its financial health and investor confidence.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and potential new financial obligations, which warrants attention regarding the company's financial stability.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Sleep Number Corp. on March 3, 2025?

The filing indicates the entry into a material definitive agreement, and also reports on results of operations and financial condition, and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

What are the key items reported in this 8-K filing by Sleep Number Corp.?

The key items reported are Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, and Financial Statements and Exhibits.

When was the earliest event reported in this filing?

The earliest event reported was on March 3, 2025.

What is Sleep Number Corp.'s state of incorporation and principal executive office address?

Sleep Number Corp. is incorporated in Minnesota and its principal executive offices are located at 1001 Third Avenue South, Minneapolis, MN 55404.

Has Sleep Number Corp. undergone a name change previously?

Yes, the company was formerly known as SELECT COMFORT CORP, with a date of name change on August 21, 1998.

From the Filing

0000827187-25-000008.txt : 20250305 0000827187-25-000008.hdr.sgml : 20250305 20250305161044 ACCESSION NUMBER: 0000827187-25-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250303 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250305 DATE AS OF CHANGE: 20250305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sleep Number Corp CENTRAL INDEX KEY: 0000827187 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 411597886 STATE OF INCORPORATION: MN FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25121 FILM NUMBER: 25711064 BUSINESS ADDRESS: STREET 1: 1001 THIRD AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55404 BUSINESS PHONE: 7635517000 MAIL ADDRESS: STREET 1: 1001 THIRD AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55404 FORMER COMPANY: FORMER CONFORMED NAME: SELECT COMFORT CORP DATE OF NAME CHANGE: 19980821 8-K 1 snbr-20250303.htm 8-K snbr-20250303 false 0000827187 0000827187 2025-03-03 2025-03-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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):   March 3, 2025   SLEEP NUMBER CORP ORATION (Exact name of registrant as specified in its charter) Minnesota (State or other jurisdiction of incorporation) 000-25121 41-1597886 (Commission File Number) (IRS Employer Identification No.) 1001 Third Avenue South , Minneapolis , MN    55404 (Address of principal executive offices) (Zip Code)   ( 763 ) 551-7000 (Registrant’s telephone number, including area code) 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 each exchange on which registered Common Stock, par value $0.01 per share   SNBR   Nasdaq Global Select Market 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On March 3, 2025, Sleep Number Corporation, a Minnesota corporation (“Sleep Number”), entered into an Eleventh Amendment (the “Eleventh Amendment”) amending the Amended and Restated Credit and Security Agreement, dated as of February 14, 2018 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among U.S. Bank National Association (“U.S. Bank”), as Administrative Agent, Swing Line Lender and Issuing Lender, and certain other financial institutions party thereto

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