---
schema_version: "secwatch.filing_event.v1"
accession: "0000827187-24-000094"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T18:25:11.263130+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sleep Number rejects Stadium Capital's demand to join CEO successor committee

## Summary
- Board added two directors recommended by Stadium last November; has engaged extensively over past year.
- On Oct 30, announced CEO transition and board declassification, consistent with most Stadium suggestions.
- Stadium demanded direct participation in CEO succession process; Sleep Number declined, citing robust ongoing search with Korn Ferry.
- Stadium withdrew from a scheduled meeting with the Committee and Korn Ferry less than 24 hours before.
- Board invited top 20 shareholders to share views on CEO succession; remains open to input.

## SEC filing metadata
- accession: 0000827187-24-000094
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000082718724000094/0000827187-24-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718724000094/snbr-20241125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-24-000094
- JSON: https://secwatch.observer/filing/0000827187-24-000094.json
- Plain text: https://secwatch.observer/filing/0000827187-24-000094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.