Sleep Number appoints Francis Lee as EVP and CFO effective Aug 14, 2023

Sleep Number Corp

Francis Lee appointed EVP & CFO effective Aug 14; interim CFO Krusmark returns to CHRO role.
Lee brings experience from Wyze Labs (CFO), Nike (13 years including CFO Japan), and Gap.
Compensation: $625k base, 70% target bonus, $300k sign-on bonus vesting over 1 year.
Long-term incentive: $900k PSUs (3-yr performance), $1.4M options (3-yr vest), $800k RSUs (3-yr vest).

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Francis K. Lee

Executive Vice President and Chief Financial Officer

SNBR · Sleep Number Corp

Effective: 2023-08-14
Filed: July 27, 2023, 7:59 PM ET

On July 27, 2023, Sleep Number Corporation (the “Company”) announced that Francis K. Lee has been appointed to the position of Executive Vice President and Chief Financial Officer, effective as of August 14, 2023.

Role change (interim)

Chris Krusmark

Interim Chief Financial Officer

SNBR · Sleep Number Corp

Effective: 2023-08-14
Successor: Francis K. Lee
Filed: July 27, 2023, 7:59 PM ET

He will assume the role from Chris Krusmark, EVP and Chief Human Resources Officer, who has held the position of Interim CFO since January 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Francis K. Lee was appointed as Executive Vice President and Chief Financial Officer at Sleep Number Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On July 27, 2023, Sleep Number Corporation (the “Company”) announced that Francis K. Lee has been appointed to the position of Executive Vice President and Chief Financial Officer, effective as of August 14, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Chris Krusmark changed role as Interim Chief Financial Officer at Sleep Number Corp.

Action: stepped down
Role: Interim Chief Financial Officer

Exact text from the filing

He will assume the role from Chris Krusmark, EVP and Chief Human Resources Officer, who has held the position of Interim CFO since January 2023.

View on SEC.gov

Sleep Number Corp filing history →

Source: SEC EDGAR

accession 0000827187-23-000074

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