Sleep Number Corporation
06/10/2026 | Press release | Distributed by Public on 06/10/2026 14:35
Management Change/Compensation (Form 8-K)
| ITEM 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
On June 4, 2026, Colin M. Adams, Esq. was elected as a director of the Board of the Company, effective immediately. With this election, Sleep Number's Board of Directors is comprised of 7 members, 6 of whom constitute independent directors under applicable Nasdaq standards. There is no arrangement or understanding between Mr. Adams and any other person pursuant to which he was selected as a director. Mr. Adams' compensation for service on the Board will consist of a monthly fee of $40,000 (plus other additional fees if he is required to be involved in additional activities).
There are no transactions in which any member of the Board has given an interest that requires disclosure under Item 404(a) of Regulation S-K under the Securities Act.
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