secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000827187-23-000074
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718723000074/0000827187-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718723000074/snbr-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000827187-23-000074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer