Sleep Number Corp. Announces Executive and Director Changes

Ticker: SNBR · Form: 8-K · Filed: 2025-07-22T00:00:00.000Z

Sentiment: neutral

Topics: management-change, executive-compensation, corporate-governance

TL;DR

Sleep Number board shakeup and comp changes effective July 18.

AI Summary

Sleep Number Corp. announced on July 18, 2025, changes in its board and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. These changes are effective as of July 18, 2025.

Why It Matters

Changes in leadership and executive compensation can signal shifts in company strategy or performance, impacting investor confidence and future operational direction.

Risk Assessment

Risk Level: medium — Changes in executive and director roles can indicate internal challenges or strategic realignments that may affect the company's future performance.

Key Numbers

Key Players & Entities

FAQ

What specific roles have been affected by the departures and appointments?

The filing indicates the departure of certain officers and directors, the election of new directors, and changes to compensatory arrangements for certain officers, but does not specify the exact roles affected in this summary.

Are there any financial implications mentioned regarding the compensatory arrangements?

The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure, but specific financial details or impacts are not provided in this summary.

What is the significance of the 'Former Company' name 'SELECT COMFORT CORP'?

Sleep Number Corp. was formerly known as SELECT COMFORT CORP, with a name change occurring on August 21, 1998.

What is the primary business of Sleep Number Corp. according to the filing?

Sleep Number Corp. is classified under 'HOUSEHOLD FURNITURE [2510]' and is involved in manufacturing.

When was the earliest event reported in this Form 8-K?

The earliest event reported in this Form 8-K occurred on July 18, 2025.

From the Filing

0000827187-25-000084.txt : 20250722 0000827187-25-000084.hdr.sgml : 20250722 20250722090030 ACCESSION NUMBER: 0000827187-25-000084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250718 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250722 DATE AS OF CHANGE: 20250722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sleep Number Corp CENTRAL INDEX KEY: 0000827187 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] ORGANIZATION NAME: 04 Manufacturing EIN: 411597886 STATE OF INCORPORATION: MN FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25121 FILM NUMBER: 251138795 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-20250718.htm 8-K snbr-20250718 false 0000827187 0000827187 2025-07-18 2025-07-18 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):   July 18, 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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On July 18, 2025, the Company appointed Robert (Bob) P. Ryder as the interim Chief Financial Officer (CFO) of the Company to succeed Francis Lee, who stepped down as CFO and principal accounting officer (PAO), in each case effective as of July 21, 2025. Lee will continue to serve in an advisory role to the Company through August 15, 2025, supporting the transition. The Company is conducting a search for its next permanent CFO. At the same time, Kelly Baker, the Company’s Controller, was appointed interim PAO, effective July 21, 2025. Si

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