{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-25-000021","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.458556+00:00","generated_at":"2026-05-24T21:51:11.368240+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sleep Number settles with Stadium Capital; five directors to leave board","bullets":["Stadium Capital, largest shareholder, withdraws director nominations under agreement.","Michael Harrison, Shelly Ibach, Barbara Matas not standing at 2025 meeting; Lauderback retires Dec 31, 2025; Gulis retires by debt refinancing or 2026 meeting.","Board to reduce from 10 to 7 directors over time; Hilary Schneider appointed Compensation Committee Chair.","Stadium Capital agrees to vote for company nominees at 2025 annual meeting; company reimburses up to $500k expenses.","Action follows prior CEO succession; incoming CEO Linda Findley and Chair Phillip Eyler highlighted."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-25-000021","json":"https://secwatch.observer/filing/0000827187-25-000021.json","markdown":"https://secwatch.observer/filing/0000827187-25-000021.md","text":"https://secwatch.observer/filing/0000827187-25-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000021/0000827187-25-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000021/snbr-20250313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:51:11.368240+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":[{"claim_id":"3001c6b71c","claim":"Barbara Matas departed as Director at Sleep Number Corp.","evidence_excerpt":"Ms. Matas informed the Company that she will not stand for re-election to the Board when her term expires at the conclusion of the 2025 Annual Meeting.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000021/0000827187-25-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"4f6134328e","claim":"Michael Harrison departed as Director at Sleep Number Corp.","evidence_excerpt":"Mr. Harrison informed the Company that he will not stand for re-election to the Board when his term expires at the conclusion of the 2025 Annual Meeting.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000021/0000827187-25-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"56e976f955","claim":"Samuel Gulis departed as Director at Sleep Number Corp.","evidence_excerpt":"Mr. Gulis, agreed to retire or resign from the Board no later than the completion of the Company’s debt refinancing or at the conclusion of the 2026 Annual Meeting, whichever occurs first.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000021/0000827187-25-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"agreed to retire or resign"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9b937d330f","claim":"Debra Lauderback departed as Director at Sleep Number Corp.","evidence_excerpt":"Ms. Lauderback agreed to retire or resign from the Board effective December 31, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000021/0000827187-25-000021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"agreed to retire or resign"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}