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16.05.25 - 15:03
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Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--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 return; and (ii) 21,724 shares in a time-vested restricted stock unit award that vests in three equal installments on each anniversary from the date of grant. All grants are subject to continued employment and the terms of the respective award agreements.
The inducement awards to Minson were ...
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30.04.25 - 22:03
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Sleep Number Announces First Quarter 2025 Results (Business Wire)
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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 of $22 million, down 41% versus the same period last year
Introduced new organizational structure and accelerated cost saving initiatives in the second quarter of 2025 with expected annualized operating expense reductions of $80 to $100 million before restructuring costs from the cost structure versus first quarter of 2025
MINNEAP...
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30.04.25 - 22:03
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Sleep Number Announces Leadership Team Changes as Part of Organizational Redesign (Business Wire)
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New leadership structure represents a step change for the organization in efficiency and accountability
MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) today announced a series of changes to its Executive Leadership Team, reporting into Linda Findley, President and CEO, aimed to grow and support its near- and long-term strategy. These changes are part of the company's organizational redesign, creating a more streamlined decision-making process to deliver on efficiency and increased accountability.
“Since joining Sleep Number, I have been evaluating opportunities to create a more focused organization to bring us closer to our customer,” said Findley. “The changes are part of our efforts to strengthen company performance. Our new leadership team will enhance accountability and operational efficiency across our business. With clearer lines of reporting and less overlap of key functions, we expect to accelerate decision-making and improve our ability to respond quickly to changing...
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19.04.25 - 00:06
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Sleep Number Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--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 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 return; and (iii) 181,029 shares in a time-vested restricted stock unit award that vests in three equal i...
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17.04.25 - 14:03
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Sleep Number Appoints Amber Minson as Chief Marketing Officer (Business Wire)
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Minson's priorities include an increase in marketing efficiency while establishing a foundation for growth
MINNEAPOLIS--(BUSINESS WIRE)--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.
Minson will lead the company's integrated marketing strategy, driving sustained demand generation, enhancing brand visibility and delivering media efficiency. She will focus on ensuring message clarity and consistency across digital and in-store experiences and developing partnerships that help Sleep Number connect with new customers.
Minson is an accomplished leader with more than two decades of marketing and brand strategy experience, having built and scaled high-performance marketing organizations for companies including Intuit, Alibaba, Home Shopping Network (HSN) and Comcast NBCUniversal. From 2022 to 2024, she served as Chief Revenue Officer at Blue Apron, where she was responsible for all r...
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16.04.25 - 22:03
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Sleep Number Corporation to Announce First Quarter 2025 Results on April 30th (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) will release its fiscal first quarter results through March 29, 2025, after market close on Wednesday, April 30, 2025. Management will host its regularly scheduled conference call to discuss the company's results at 5 p.m. EDT (4 p.m. CDT; 2 p.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 have improved nearly 16 million lives. Our sleep wellness platform helps solve sleep problems, whether it's providing individualized temperature control for each sleeper through our Climate360® smart bed or applying our 32 billion hours of longitudinal sleep data and expertise to research with glob...
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13.03.25 - 21:48
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Sleep Number Enters into an Agreement with Largest Shareholder Stadium Capital (Business Wire)
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Significant changes enable a smaller, more agile Board structure
MINNEAPOLIS--(BUSINESS WIRE)--Sleep Number Corporation (Nasdaq: SNBR) (“Sleep Number”) today announced that it has entered into an Agreement (the “Agreement”) with Stadium Capital Management, LLC (collectively with its affiliates, “Stadium Capital”), the company's largest shareholder. As part of the Agreement, and combined with other recent announcements, five current members of the Sleep Number Board of Directors (the “Board”) will be retiring.
As previously announced, Michael J. Harrison and Shelly R. Ibach will not stand for reelection to the Board at the company's 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”). Pursuant to the Agreement, and consistent with the stated intention of the Board to refresh its composition and reduce its size, three additional current directors will be retiring from the Board, including Barbara R. Matas who has agreed not to stand for reelection at the 2025 Annual Meeting...
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