Sleep Number Files PRE 14A for 2026 Shareholder Meeting

Pre 14a - Sleep Number Corp (0000827187) (Filer) Filing Summary
FieldDetail
CompanyPre 14a - Sleep Number Corp (0000827187) (Filer)
Filed DateMar 24, 2026
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$136 million, $0.01, $8 billion, $2.3 b
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: proxy-statement, corporate-governance, shareholder-meeting

TL;DR

**Sleep Number just dropped its preliminary proxy, get ready for shareholder votes!**

AI Summary

Sleep Number Corp (CIK: 0000827187) filed a preliminary proxy statement (PRE 14A) on March 24, 2026, for the period ending January 3, 2026. This filing, which includes 52 documents and interactive data, indicates the company is preparing for its annual shareholder meeting, where important matters like director elections and executive compensation will likely be voted on. For investors, this matters because it provides an early look at the proposals that could impact the company's governance and future strategic direction, potentially affecting stock performance.

Why It Matters

This filing signals upcoming shareholder votes on key company decisions, offering investors a chance to understand potential changes in leadership or corporate strategy.

Risk Assessment

Risk Level: low — A preliminary proxy statement is a standard regulatory filing and does not inherently indicate immediate financial risk, but rather signals upcoming corporate governance activities.

Analyst Insight

Investors should review the definitive proxy statement (DEF 14A) once it's filed to understand the specific proposals and voting recommendations, especially concerning board elections and executive compensation, as these can influence long-term company performance and governance.

Key Numbers

  • 52 — Number of Documents (The total number of documents included in the PRE 14A filing.)
  • 3706202 — Size of PRE 14A HTML Document (The size in bytes of the main iXBRL PRE 14A document (snbr-20260324.htm).)
  • 38885223 — Size of Complete Submission Text File (The total size in bytes of the complete submission text file (0000827187-26-000028.txt).)
  • 404957 — Size of Extracted XBRL Instance Document (The size in bytes of the extracted XBRL instance document (snbr-20260324_htm.xml).)

Key Players & Entities

  • Sleep Number Corp (company) — the filer of the PRE 14A
  • 0000827187 (company) — Sleep Number Corp's CIK
  • 2026-03-24 (date) — the filing date of the PRE 14A
  • 2026-01-03 (date) — the period of report for the filing

Forward-Looking Statements

  • Sleep Number Corp will file its definitive proxy statement (DEF 14A) within the next few weeks. (Sleep Number Corp) — high confidence, target: 2026-04-30
  • The upcoming shareholder meeting will include votes on the election of directors. (Sleep Number Corp) — medium confidence, target: 2026-06-30

FAQ

What is the purpose of a PRE 14A filing by Sleep Number Corp?

A PRE 14A filing, like the one by Sleep Number Corp on March 24, 2026, is a preliminary proxy statement submitted to the SEC. It outlines the proposals that will be presented to shareholders for a vote at an upcoming meeting, typically the annual meeting, before the definitive proxy statement (DEF 14A) is filed.

When was Sleep Number Corp's PRE 14A filing accepted by the SEC?

Sleep Number Corp's PRE 14A filing was accepted by the SEC on March 24, 2026, at 16:33:13.

What is the fiscal year end for Sleep Number Corp, as indicated in this filing?

According to the filing, Sleep Number Corp's fiscal year end is January 3 (0103).

How many documents were included in this specific PRE 14A filing by Sleep Number Corp?

This PRE 14A filing by Sleep Number Corp included 52 documents, as stated in the 'Documents' field.

Where is Sleep Number Corp's business address located?

Sleep Number Corp's business address is 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404, with a phone number of 7635517000.

Filing Stats: 4,510 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2026-03-24 16:33:13

Key Financial Figures

  • $136 million — reduced costs across the business b y $136 million (1) as com pared to 2024, excluding res
  • $0.01 — tock" means our common stock, par value $0.01 per share. This Proxy Statement contai
  • $8 billion — r 20 years at Harman International, an $8 billion audio electronics company, culminating
  • $2.3 b — lic listing to its sale to Symantec for $2.3 billion, driving meaningful revenue grow

Filing Documents

From the Filing

snbr-20260324 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant CHECK THE APPROPRIATE BOX: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 ______________________________________________________________________ SLEEP NUMBER CORPORATION (Name of Registrant as Specified In Its Charter) ______________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) ______________________________________________________________________ PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. PRELIMINARY PROXY STATEMENT DATED [], 2026 NOTICE OF 2026 ANNUAL MEETING AND PROXY STATEMENT [], 2026 NOTICE OF 2026 ANNUAL MEETING AND PROXY STATEMENT FOR [], 2026 Dear Fellow Shareholders , Sleep Number is in a turnaround. I joined the Company in April 2025 and from day one, we were focused on driving value for shareholders, customers and team members. In the first few months of my tenure, we created a more streamlined operation to ensure quicker decision making, reduced costs across the business b y $136 million (1) as com pared to 2024, excluding restructuring and other non-recurring costs, and executed an amendment and extension of our bank agreement through the end of 2027 . This work has allowed us to create a strong foundation to continue to further our efforts. Our strategy forward is called Sleep Number Shifts. It is a focused, company-wide effort to reposition our brand, expand our reach to new customer groups, and reignite growth. We are refocusing on the consumer and setting the Company up for sustainable growth. Our efforts are focused on three main initiatives that we believe will transform Sleep Number: First, Products: We are simplifying our offering with the goal of growing our new customer base while building on the demand from our repeat customers, Second, Marketing: We are reshaping our marketing and creative to better connect with today's consumer and drive engagement with a focus on better r eturn on investment, and Third, Distribution: While we continue to see benefits in our vertically integrated model, we believe there are opportunities to expand distribution into new channels, both physical and digital. We still have a lot of work ahead of us, and I am optimistic about Sleep Number. This is a powerful brand, with a highly differentiated product. We have 3,100 dedicated team members with a renewed passion for fast action and a commitment to our purpose of improving lives by personalizing sleep. In addition to executing against our strategic business objectives, the Board and management are committed to continuing to enhance the Company's governance. S pecifically, Proposals 2, 3 and 4 require an affirmative vote of two-thirds of the shares of common stock outstanding as of the Record Date. While support for all of these proposals was very high with voting shareholders at the 2025 Annual Meeting, at over 98% approval from voting shareholders , we were short of obtaining the required affirmative vote of two-thirds of the shares of common stock outstanding last year . These matters are important to shareholders and we remain committed to obtaining the votes required to pass each proposal. We appreciate your support and we look forward to keeping you updated on our efforts throughout the year. Sincerely, Linda Findley Board Member President and Chief Executive Officer (1) See Annex A on page 94 for reconciliation of non-GAAP financial measures to our results as reported under GAAP. 1001 Third Avenue South Minneapolis, Minnesota 55404 NOTICE OF 2026 ANNUAL MEETING OF SHAREHOLDERS [], 2026 Sleep Number Corporation will hold its Annual Meeting of Shareholders (Annual Meeting) a t [] o n [], 2026 . The meeting will be conducted virtually at www.virtualshareholdermeeting.com/SNBR2026 . Our Board of Directors Recommends You Vote: 1. To elect as Directors the three persons named in the Proxy Annual Meeting FOR the election of each director nominee 2. To approve amendments to our Third Restated Articles of Incorporation, as amended (Articles), and our Restated Bylaws (Bylaws) to declassify the Board of Directors (Board) FOR the approval of amendments to our Articles and Bylaws to declassify the Board 3. To approve an amendment to our Articles to eliminate the supermajority voting requirement in Article XIV related to D

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