---
schema_version: "secwatch.filing_event.v1"
accession: "0000827187-26-000017"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T14:33:11.716673+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sleep Number unveils turnaround plan, $50M cost actions, targets FCF in 2026

## Summary
- Strategy 'Sleep Number Shifts' focuses on product simplification, marketing modernization, and distribution expansion.
- Plans ~$50 million annualized cost actions in 2026; expects return to free cash flow generation.
- Amended credit agreement with revised covenants and maturity extension provides financial stability.
- Simplified product portfolio expected to improve shop-ability, conversion, and margins.
- Marketing modernization targets funnel optimization and ROI; lower cost structure anticipated.

## SEC filing metadata
- accession: 0000827187-26-000017
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000082718726000017/0000827187-26-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718726000017/snbr-20260312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-26-000017
- JSON: https://secwatch.observer/filing/0000827187-26-000017.json
- Plain text: https://secwatch.observer/filing/0000827187-26-000017.txt

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