• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Sleep Number Corporation filed SEC Form 8-K: Leadership Update

    5/28/25 4:04:21 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary
    Get the next $SNBR alert in real time by email
    snbr-20250523
    false000082718700008271872025-05-232025-05-23

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

    FORM 8-K

    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF
    THE SECURITIES EXCHANGE ACT OF 1934

    Date of Report (Date of earliest event reported):  May 23, 2025 
    SNBR Logo JPG.jpg
    SLEEP NUMBER CORPORATION
    (Exact name of registrant as specified in its charter)

    Minnesota
    (State or other jurisdiction of incorporation)
    000-2512141-1597886
    (Commission File Number)(IRS Employer Identification No.)

    1001 Third Avenue South, Minneapolis, MN  55404
    (Address of principal executive offices) (Zip Code) 
    (763) 551-7000
    (Registrant’s telephone number, including area code)
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of each class Trading
    Symbol(s)
     Name of each exchange on which registered
    Common Stock, par value $0.01 per share SNBR Nasdaq Global Select Market

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 
    Emerging growth company  ☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐




    ITEM 5.02DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
    On May 23, 2025, Joel Laing, Vice President, Treasurer and Chief Accounting Officer of Sleep Number Corporation (the “Company”), who serves as the Company’s principal accounting officer, provided notice that he will resign from the Company, effective June 5, 2025. Laing's departure is not the result of any disagreement with the Company on any subject, including its operations, policies or practices. The Company sincerely thanks Laing for his leadership, dedication and the lasting impact he’s made over his almost 13 years with the Company.

    Effective June 6, 2025, Francis Lee, Chief Financial Officer, will serve as the Company’s principal accounting officer.

    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

      SLEEP NUMBER CORPORATION
      (Registrant)
         
    Dated:  May 28, 2025 By:     /s/ Samuel R. Hellfeld
      Name: Samuel R. Hellfeld
      Title: Executive Vice President, Chief Legal and Risk Officer

    Get the next $SNBR alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $SNBR

    DatePrice TargetRatingAnalyst
    4/21/2022$62.00 → $49.00Overweight → Neutral
    Piper Sandler
    3/28/2022$80.00 → $54.00Outperform → Neutral
    Wedbush
    2/24/2022$80.00 → $65.00Neutral
    UBS
    2/4/2022$85.00 → $88.00Neutral → Outperform
    Wedbush
    More analyst ratings

    $SNBR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Sleep Number downgraded by Piper Sandler with a new price target

    Piper Sandler downgraded Sleep Number from Overweight to Neutral and set a new price target of $49.00 from $62.00 previously

    4/21/22 7:58:24 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number downgraded by Wedbush with a new price target

    Wedbush downgraded Sleep Number from Outperform to Neutral and set a new price target of $54.00 from $80.00 previously

    3/28/22 8:40:12 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    UBS reiterated coverage on Sleep Number with a new price target

    UBS reiterated coverage of Sleep Number with a rating of Neutral and set a new price target of $65.00 from $80.00 previously

    2/24/22 8:43:12 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Sleep Number Announces Second Quarter 2025 Results

    Cost Savings to Exceed Initial Targets While Maintaining Compliance with Debt Covenants Company Implementing Significant Changes to Business with Enhanced Marketing, Product Initiatives Reported net sales of $328 million, down 19.7% compared with the second quarter of 2024 Delivered gross profit margin of 59.1%, flat versus the prior year Reduced second quarter operating expenses by $48 million, or 21%, year-over-year, before restructuring and other non-recurring costs Reported net loss of $25 million, inclusive of a $13 million adjustment to valuation of deferred tax assets, compared to a net loss of $5 million for the same period last year Delivered adjusted EBITDA of $24

    7/30/25 8:00:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Corporation to Announce Second Quarter 2025 Results on July 30, 2025

    Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal second quarter results through June 28, 2025, before market open on Wednesday, July 30, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep. To date, our innovations

    7/22/25 9:05:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Announces CFO Transition

    Bob Ryder Named Interim CFO Sleep Number Corporation (NASDAQ:SNBR) today announced that Bob Ryder has been appointed interim Chief Financial Officer (CFO) effective July 21, 2025. Francis Lee stepped down as current CFO and will remain with the company as an advisor to help ensure a smooth transition through August 15, 2025. Sleep Number is conducting a search for the company's next permanent CFO. This CFO leadership change is not the result of any matters relating to the company's financials, operations, policies or practices. "Sleep Number has entered a new era. We are working diligently to return to growth in a cost-efficient manner while staying within our debt covenants," said Li

    7/22/25 9:00:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Interim CFO Ryder Robert P bought $102,160 worth of shares (15,000 units at $6.81) (SEC Form 4)

    4 - Sleep Number Corp (0000827187) (Issuer)

    8/4/25 4:05:05 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    New insider Ryder Robert P claimed no ownership of stock in the company (SEC Form 3)

    3 - Sleep Number Corp (0000827187) (Issuer)

    7/29/25 2:57:48 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    New insider Baker Kelly F. claimed ownership of 2,897 shares (SEC Form 3)

    3 - Sleep Number Corp (0000827187) (Issuer)

    7/29/25 2:56:17 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    SEC Filings

    View All

    SEC Form S-8 filed by Sleep Number Corporation

    S-8 - Sleep Number Corp (0000827187) (Filer)

    7/31/25 4:07:25 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    SEC Form 10-Q filed by Sleep Number Corporation

    10-Q - Sleep Number Corp (0000827187) (Filer)

    7/31/25 4:01:57 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    8-K - Sleep Number Corp (0000827187) (Filer)

    7/30/25 8:00:29 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Interim CFO Ryder Robert P bought $102,160 worth of shares (15,000 units at $6.81) (SEC Form 4)

    4 - Sleep Number Corp (0000827187) (Issuer)

    8/4/25 4:05:05 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Director Eyler Phillip bought $74,942 worth of shares (8,300 units at $9.03), increasing direct ownership by 65% to 20,972 units (SEC Form 4)

    4 - Sleep Number Corp (0000827187) (Issuer)

    5/14/25 4:01:01 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    EVP & CFO Lee Francis K bought $51,263 worth of shares (7,200 units at $7.12), increasing direct ownership by 8% to 92,970 units (SEC Form 4)

    4 - Sleep Number Corp (0000827187) (Issuer)

    5/9/25 8:51:39 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    Leadership Updates

    Live Leadership Updates

    View All

    Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

    Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on May 15, 2025, as a material inducement to the employment of the company's newly-hired Executive Vice President and Chief Marketing Officer, Amber Minson. In connection with the appointment of Minson as Executive Vice President and Chief Marketing Officer effective May 5, 2025, Sleep Number granted Minson employment inducement awards consisting of: (i) 21,724 shares in a performance stock unit award vesting on the third anniversary of the date of grant with the number of shares to be earned based on actual company performance for fiscal years 2025 to 2027 and the company's relative total shareholder retu

    5/16/25 9:01:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

    Sleep Number Corporation (NASDAQ:SNBR) today announced that it granted equity awards on April 15, 2025, as a material inducement to the employment of the company's newly-hired President and Chief Executive Officer, Linda A. Findley. As previously disclosed, in connection with the appointment of Findley as President and Chief Executive Officer effective April 7, 2025, Sleep Number granted Findley employment inducement awards consisting of: (i) 362,057 shares in a time-vested restricted stock unit award with a stock performance modifier that vests in three equal installments on each anniversary from the date of grant; (ii) 181,028 shares in a performance stock unit award vesting on the third

    4/18/25 6:00:00 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Appoints Amber Minson as Chief Marketing Officer

    Minson's priorities include an increase in marketing efficiency while establishing a foundation for growth Sleep Number Corporation (NASDAQ:SNBR) today announced that Amber Minson will join the company as Executive Vice President and Chief Marketing Officer (CMO) on May 12, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250416676716/en/Sleep Number announced Amber Minson will join the company as Executive Vice President and Chief Marketing Officer on May 12, 2025. Minson will lead the company's integrated marketing strategy, driving sustained demand generation, enhancing brand visibility and delivering media efficiency. Sh

    4/17/25 8:00:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13D/A filed by Sleep Number Corporation

    SC 13D/A - Sleep Number Corp (0000827187) (Subject)

    12/2/24 5:07:30 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Amendment: SEC Form SC 13D/A filed by Sleep Number Corporation

    SC 13D/A - Sleep Number Corp (0000827187) (Subject)

    11/25/24 6:54:27 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Amendment: SEC Form SC 13D/A filed by Sleep Number Corporation

    SC 13D/A - Sleep Number Corp (0000827187) (Subject)

    11/4/24 7:08:50 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    $SNBR
    Financials

    Live finance-specific insights

    View All

    Sleep Number Announces Second Quarter 2025 Results

    Cost Savings to Exceed Initial Targets While Maintaining Compliance with Debt Covenants Company Implementing Significant Changes to Business with Enhanced Marketing, Product Initiatives Reported net sales of $328 million, down 19.7% compared with the second quarter of 2024 Delivered gross profit margin of 59.1%, flat versus the prior year Reduced second quarter operating expenses by $48 million, or 21%, year-over-year, before restructuring and other non-recurring costs Reported net loss of $25 million, inclusive of a $13 million adjustment to valuation of deferred tax assets, compared to a net loss of $5 million for the same period last year Delivered adjusted EBITDA of $24

    7/30/25 8:00:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Corporation to Announce Second Quarter 2025 Results on July 30, 2025

    Sleep Number Corporation (NASDAQ:SNBR) will release its fiscal second quarter results through June 28, 2025, before market open on Wednesday, July 30, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 8:30 a.m. EDT (7:30 a.m. CDT; 5:30 a.m. PDT). To access the webcast, please visit the investor relations area of the Sleep Number website at https://ir.sleepnumber.com. The webcast replay will remain available for approximately 60 days. About Sleep Number Corporation Sleep Number is a sleep wellness company. We are guided by our purpose to improve the health and wellbeing of society through higher quality sleep. To date, our innovations

    7/22/25 9:05:00 AM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary

    Sleep Number Announces First Quarter 2025 Results

    Management Implements New Organizational Structure, Driving Company-Wide Efficiency, Including Marketing, Research and Development and General and Administrative Costs New Structure Aims to Improve Cash Generation and Shareholder Value Net sales in the first quarter of $393 million, down 16% compared with the first quarter of 2024 Gross profit margin of 61.2%, up 250 basis points versus the prior year Reduced first quarter operating expenses by $23 million year-over-year, before restructuring and other non-recurring costs Reported first quarter net loss of $8.6 million, compared with a net loss of $7.5 million for the same period last year Delivered first quarter adjusted EBITDA

    4/30/25 4:01:00 PM ET
    $SNBR
    Home Furnishings
    Consumer Discretionary