Sleep Number adds 2 directors, forms capital committee in pact with Stadium Capital

Sleep Number Corp

Appointed Stephen Macadam (ex-EnPro CEO) and Hilary Schneider (ex-Shutterfly CEO) to expanded 12-member board.
Board formed Capital Allocation and Value Enhancement Committee; Macadam and Barbara Matas co-chair.
Stadium Capital agreed to standstill (ownership cap 12.5%) and voting commitments; reimbursed up to $400k in expenses.
One non-new director will not stand for re-election at 2024 annual meeting per cooperation terms.
Cooperation agreement runs until 30 days before 2025 annual meeting; terminates early on change of control.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Stephen Macadam

Director

SNBR · Sleep Number Corp

Effective: 2023-11-07
Filed: November 7, 2023, 6:59 PM ET

the Board increased the size of the Board to twelve (12) directors and appointed Hilary Schneider and Stephen Macadam to the Board

Appointed

Hilary Schneider

Director

SNBR · Sleep Number Corp

Effective: 2023-11-07
Filed: November 7, 2023, 6:59 PM ET

the Board increased the size of the Board to twelve (12) directors and appointed Hilary Schneider and Stephen Macadam to the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Macadam was appointed as Director at Sleep Number Corp.

Action: appointed
Role: Director

Exact text from the filing

the Board increased the size of the Board to twelve (12) directors and appointed Hilary Schneider and Stephen Macadam to the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hilary Schneider was appointed as Director at Sleep Number Corp.

Action: appointed
Role: Director

Exact text from the filing

the Board increased the size of the Board to twelve (12) directors and appointed Hilary Schneider and Stephen Macadam to the Board

View on SEC.gov

Sleep Number Corp filing history →

Source: SEC EDGAR

accession 0001213900-23-084374

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