Sleep Number shareholders reject board declassification, approve 750K share equity expansion

Filed May 27, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• medium

  Shareholders rejected proposals to declassify the board and eliminate supermajority voting requirements, despite both receiving majority support. The measures failed to reach the required two-thirds threshold, keeping the current governance structure intact.

  Item 5.07 verify on EDGAR →
• medium

  Shareholders approved expanding the 2020 Equity Incentive Plan by 750,000 shares, increasing the pool available for employee stock compensation. The vote passed with 70% support (8.6M for vs 3.6M against).

  Item 5.07 verify on EDGAR →
• low

  Three directors elected to three-year terms through 2029: Phillip Eyler, Julie Howard, and Angel Mendez. All received strong shareholder support with over 90% approval.

  Item 5.07 verify on EDGAR →