Sleep Number's largest shareholder agrees to withdraw its nominees to the board of directors.
Stadium Capital, the largest shareholder, had been pushing for management and board changes at Minneapolis-based smart bed maker.
Sleep Number enters into agreement with largest shareholder Stadium Capital
Sleep Number (SNBR) has entered into an agreement with Stadium Capital, the company’s largest shareholder. As part of the agreement, five
Sleep Number jumps after agreement with holder Stadium Capital
Sleep Number (NASDAQ:SNBR) soared 10% after the company agreed to make some board changes amid an effort from its largest holder Stadium Capital. Under the agreement and other recent announcements, five current members of the board will be retiring,
Sleep Number investor withdraws board nominees, averting potential power struggle
Minneapolis-based Sleep Number and its largest shareholder, Stadium Capital Management, have agreed that the investor will withdraw its nominees to the board of directors, heading off a potential power struggle ahead of the company’s upcoming annual meeting.
Sleep Number makes peace with investor Stadium Capital; 3 more directors to exit
Stadium Capital, the largest single investor in Sleep Number, backed away from a threat to push its own slate of directors, but it'll still get a very different-looking board soon.
Sleep Number names Linda Findley as new CEO
The Minneapolis-based company also named Linda Findley, most recently at Blue Apron, to succeed Shelly Ibach as CEO.
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