Sleep Number (SNBR) board member Hilary Schneider to exit after 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Sleep Number Corporation reported that board member Hilary A. Schneider has decided to leave its Board of Directors at the conclusion of the Company’s 2026 Annual Meeting of Shareholders. She recently became Chief Executive Officer of SimpliSafe, which created new board service limitations.
The Company states that Ms. Schneider’s departure is solely related to her new CEO role and not due to any disagreement with Sleep Number on its operations, policies, or practices. The company publicly thanks her for her leadership and contributions and extends best wishes for her new position.
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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): March 17, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
| (Commission File Number) | (IRS Employer Identification No.) | ||||
(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 | ||||||||||||
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 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. | ||||
On March 17, 2026, Hilary A. Schneider of Sleep Number Corporation (the “Company”) decided to depart from the Board of Directors upon the conclusion of the Company's 2026 Annual Meeting of Shareholders given new board service limitations from her recent appointment as the Chief Executive Officer of SimpliSafe, maker of award-winning smart home security systems. Ms. Schneider's departure is due to this new CEO role and is not the result of any disagreement with the Company on any subject, including its operations, policies or practices. The Company sincerely thanks Ms. Schneider for her leadership, dedication and contributions to the Company, and wishes her the very best in her new role.
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: March 23, 2026 | By: | /s/ Samuel R. Hellfeld | ||||||||||||
| Name: | Samuel R. Hellfeld | |||||||||||||
| Title: | Executive Vice President, Chief Legal and Risk Officer | |||||||||||||
FAQ
Why is Hilary A. Schneider leaving the Sleep Number (SNBR) board?
Hilary A. Schneider is leaving the Sleep Number board because her new role as Chief Executive Officer of SimpliSafe created new board service limitations. The company states the decision is unrelated to any disagreement over operations, policies, or practices.
When will Hilary A. Schneider’s departure from Sleep Number (SNBR) become effective?
Her departure from Sleep Number’s Board of Directors will be effective at the conclusion of the Company’s 2026 Annual Meeting of Shareholders. She will continue serving as a director until that meeting is completed, providing an orderly transition.
Did Hilary A. Schneider have any disagreement with Sleep Number (SNBR) before resigning?
Sleep Number states that Hilary A. Schneider’s decision to leave the board is not due to any disagreement with the company. This includes no disagreement regarding its operations, policies, or practices, and is instead tied to her new CEO responsibilities.
What new role did Hilary A. Schneider take that affects her Sleep Number (SNBR) board service?
Hilary A. Schneider was recently appointed Chief Executive Officer of SimpliSafe, a maker of smart home security systems. That role brought new board service limitations, leading to her decision to step down from Sleep Number’s Board of Directors in 2026.
How did Sleep Number (SNBR) characterize Hilary A. Schneider’s contributions?
Sleep Number expressed sincere thanks for Hilary A. Schneider’s leadership, dedication, and contributions as a director. The company also extended best wishes for her continued success in her new role as Chief Executive Officer of SimpliSafe.