secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0000827187-25-000010
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sleep Number appoints Linda Findley as President and CEO effective April 7, 2025
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- Linda Findley, former Blue Apron CEO and Etsy COO, succeeds retiring Shelly Ibach as CEO and joins Board.
- Compensation: $1.2M base salary, 125% target AIP, $10M inducement grant (RSUs/PSUs), $5M annual LTI from 2026.
- Phillip Eyler appointed independent Board Chair after 2025 Annual Meeting; Michael J. Harrison retiring from Board.
- Findley's appointment unanimous by independent directors; search process with executive search firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718725000010/0000827187-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718725000010/snbr-20250303.htm
  HTML page:      https://secwatch.observer/filing/0000827187-25-000010

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