Sleep Number ( (SNBR) ) just unveiled an announcement.
On March 13, 2025, Sleep Number Corporation announced an agreement with its largest shareholder, Stadium Capital Management, to restructure its Board of Directors. This agreement involves the retirement of five current board members, including Michael J. Harrison and Barbara R. Matas, as part of a strategy to refresh and reduce the board’s size. The restructuring aims to enhance the company’s agility and focus on strengthening performance amid challenging market conditions. The company appreciates the contributions of the retiring directors and looks forward to working with the refreshed board to drive Sleep Number’s transformation and growth.
More about Sleep Number
Sleep Number is a sleep wellness company focused on improving health and wellbeing through high-quality sleep solutions. It offers a smart bed ecosystem that includes individualized temperature control and personalized digital sleep insights. The company operates a vertically integrated business model with direct-to-consumer sales through nearly 650 stores and online.
YTD Price Performance: -56.52%
Average Trading Volume: 453,743
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $156.9M
For a thorough assessment of SNBR stock, go to TipRanks’ Stock Analysis page.