---
schema_version: "secwatch.filing_event.v1"
accession: "0000827187-25-000070"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2025-05-29T23:59:59+00:00"
generated_at: "2026-05-20T07:12:56.622530+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Sleep Number shareholders reject board declassification, supermajority elimination proposals

## Summary
- Proposals to declassify board and eliminate supermajority voting requirements failed, needing two-thirds of outstanding shares.
- Board unanimously approved resubmitting these proposals at 2026 Annual Meeting, targeting declassification by 2027.
- Shareholders approved 500,000-share increase to 2020 Equity Incentive Plan (9.3M for, 4.4M against).
- All three director nominees (Findley, Kilpatrick, Schneider) elected with >85% votes cast in favor.
- Advisory vote on executive compensation approved with 77% of votes cast in favor.

## SEC filing metadata
- accession: 0000827187-25-000070
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2025-05-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000082718725000070/0000827187-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718725000070/snbr-20250528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-25-000070
- JSON: https://secwatch.observer/filing/0000827187-25-000070.json
- Plain text: https://secwatch.observer/filing/0000827187-25-000070.txt

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