{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-084374","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.108856+00:00","generated_at":"2026-06-08T18:25:50.023049+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sleep Number adds 2 directors, forms capital committee in pact with Stadium Capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-084374","json":"https://secwatch.observer/filing/0001213900-23-084374.json","markdown":"https://secwatch.observer/filing/0001213900-23-084374.md","text":"https://secwatch.observer/filing/0001213900-23-084374.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000121390023084374/0001213900-23-084374-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000121390023084374/ea187870-8k_sleepnumb.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T18:25:50.023049+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":"867fcd4ad1","claim":"Stephen Macadam was appointed as Director at Sleep Number Corp.","evidence_excerpt":"the Board increased the size of the Board to twelve (12) directors and appointed Hilary Schneider and Stephen Macadam to the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000121390023084374/0001213900-23-084374-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"94eda433e9","claim":"Hilary Schneider was appointed as Director at Sleep Number Corp.","evidence_excerpt":"the Board increased the size of the Board to twelve (12) directors and appointed Hilary Schneider and Stephen Macadam to the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000121390023084374/0001213900-23-084374-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"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"}