{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-25-000008","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2025-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.457987+00:00","generated_at":"2026-05-25T12:10:26.284743+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sleep Number Q4 net loss narrows to $5M; appoints Linda Findley CEO","bullets":["Q4 net sales $377M (-12% YoY); gross margin 59.9% (+330 bps); net loss $5M (vs -$25M prior year).","Full-year net sales $1.68B (-11%); adjusted EBITDA $120M; free cash flow $4M vs -$66M prior year.","Amended credit facility: $40M liquidity covenant, relaxed leverage ratios through 2025 (max 4.75x in Q1/Q2 2025).","Linda Findley appointed President and CEO effective April 7, 2025; Phillip Eyler to become independent Chair.","No 2025 financial outlook issued; new CEO will evaluate strategies before providing guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-25-000008","json":"https://secwatch.observer/filing/0000827187-25-000008.json","markdown":"https://secwatch.observer/filing/0000827187-25-000008.md","text":"https://secwatch.observer/filing/0000827187-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000008/0000827187-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000008/snbr-20250303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T12:10:26.284743+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}