secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0000827187-25-000084
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sleep Number appoints Bob Ryder interim CFO; Francis Lee steps down effective July 21, 2025
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- Francis Lee stepped down as CFO and principal accounting officer; will advise through Aug 15, 2025.
- Bob Ryder appointed interim CFO; Kelly Baker named interim principal accounting officer.
- Ryder's consulting firm Horsepower to receive $58,750/week for his services; engagement for six months.
- CEO cites focus on debt structure, cost reduction, and new products for 2026; Q2 earnings call set for July 30.
- Departure not due to any disagreement on financials, operations, policies, or practices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718725000084/0000827187-25-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718725000084/snbr-20250718.htm
  HTML page:      https://secwatch.observer/filing/0000827187-25-000084

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