Sleep Number Corp. Files 8-K with Executive Changes & Agreements

Ticker: SNBR · Form: 8-K · Filed: 2025-03-13T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-changes, material-agreement

TL;DR

Sleep Number 8-K: Exec changes, new deals, and financial updates filed March 13.

AI Summary

On March 13, 2025, Sleep Number Corp. filed an 8-K report detailing several key events. These include the entry into a material definitive agreement, the departure and election of directors, and the appointment of certain officers. The filing also covers compensatory arrangements for certain officers and includes Regulation FD disclosures and financial statements.

Why It Matters

This filing signals potential shifts in corporate governance and executive leadership at Sleep Number Corp., which could impact strategic direction and operational execution.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and changes in directors/officers, which can indicate significant corporate events that may carry inherent risks.

Key Players & Entities

FAQ

What specific material definitive agreement was entered into by Sleep Number Corp. on or before March 13, 2025?

The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.

Who are the directors or officers that have departed from Sleep Number Corp. as reported in this 8-K?

The filing states the departure of directors or certain officers, but their names are not specified in the provided text.

Were there any new directors elected or officers appointed to Sleep Number Corp. on March 13, 2025?

Yes, the filing reports the election of directors and the appointment of certain officers, though specific names are not detailed in the excerpt.

What is the primary business of Sleep Number Corp. according to its SIC code?

Sleep Number Corp.'s Standard Industrial Classification (SIC) code is 2510, which corresponds to HOUSEHOLD FURNITURE.

What is the fiscal year end for Sleep Number Corp.?

Sleep Number Corp.'s fiscal year ends on December 28 (1228).

From the Filing

0000827187-25-000021.txt : 20250313 0000827187-25-000021.hdr.sgml : 20250313 20250313164907 ACCESSION NUMBER: 0000827187-25-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20250313 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250313 DATE AS OF CHANGE: 20250313 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: 25736545 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-20250313.htm 8-K snbr-20250313 false 0000827187 0000827187 2025-03-13 2025-03-13 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 13, 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 13, 2025, Sleep Number Corporation, a Minnesota corporation (the “Company”), announced its entry into an agreement (the “Agreement”) with Stadium Capital Management, LLC (together with its affiliates, “Stadium”). The Company and Stadium are each herein referred to as a “party” and collectively, the “parties.” Pursuant to the Agreement, (i) Stadium hereby irrevocably withdraws its notice of intent to nominate candidates for election to the Company's Board of Directors

View on Read The Filing