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Get filing alertsSleep Number director Hilary Schneider to depart board at annual meeting for CEO role
Filed March 23, 2026 · Period ending March 17, 2026 · ~1 min read
Key Changes
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Board member Hilary A. Schneider will leave Sleep Number's board at the 2026 Annual Meeting due to board service restrictions from her new CEO position at SimpliSafe, a smart home security company.
Item 5.02 verify on EDGAR → -
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The departure is not related to any disagreement with Sleep Number regarding company operations, policies, or practices.
Item 5.02 verify on EDGAR →
Summary
Sleep Number disclosed a routine board change on March 17, 2026. Director Hilary A. Schneider will step down from the board at the company's upcoming 2026 Annual Meeting of Shareholders. The departure stems from board service limitations associated with her recent appointment as Chief Executive Officer of SimpliSafe, a smart home security systems company.
The filing explicitly confirms this is an amicable departure with no disagreements on company direction or operations. For retail investors, this is a standard governance matter with minimal impact on Sleep Number's business operations or strategy. Board composition changes are common when directors take on new executive roles elsewhere. Investors should monitor whether Sleep Number announces a replacement director with relevant retail or consumer products expertise ahead of the annual meeting.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
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.
Director Hilary A. Schneider will leave the Board at the 2026 Annual Meeting because she was recently appointed CEO of SimpliSafe and faces board service limitations in that new role. The filing explicitly states her departure is not due to any disagreement with Sleep Number on operations, policies, or practices.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify