Sleep Number Shareholders Reject Key Board Amendments

Sleep Number ( (SNBR) ) has shared an announcement.

At Sleep Number‘s 2025 Annual Meeting, shareholders voted on several proposals, including the election of directors and amendments to the company’s articles and bylaws. While the election of directors and some proposals, such as the ratification of Deloitte & Touche LLP as the independent registered public accounting firm, were approved, key amendments to declassify the board and eliminate supermajority voting requirements did not pass. The board expressed disappointment at the failure to secure the necessary two-thirds majority for these amendments and plans to resubmit them at the 2026 Annual Meeting, aiming to declassify the board by 2027 contingent on shareholder approval.

The most recent analyst rating on (SNBR) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Sleep Number stock, see the SNBR Stock Forecast page.

Spark’s Take on SNBR Stock

According to Spark, TipRanks’ AI Analyst, SNBR is a Neutral.

Sleep Number’s overall stock score reflects significant financial challenges, including declining revenues and high leverage, which are major concerns. Technical indicators provide some short-term optimism, but valuation metrics and the company’s strategic direction indicate potential volatility. Strategic efforts to improve efficiency and leadership changes offer some hope, but significant uncertainties remain.

To see Spark’s full report on SNBR stock, click here.

More about Sleep Number

Average Trading Volume: 850,745

Technical Sentiment Signal: Strong Sell

Current Market Cap: $228.9M

Find detailed analytics on SNBR stock on TipRanks’ Stock Analysis page.