Brief: Stadium Capital Management Issues Letter To Sleep Number's Board Of Directors Regarding Need For Shareholder-Driven Change

Sleep Number

13/09/2023 13:51

Sept 13 (Reuters) - Sleep Number Corp  SNBR.O :
    * STADIUM CAPITAL MANAGEMENT ISSUES LETTER TO SLEEP NUMBER’S
BOARD
OF DIRECTORS REGARDING THE URGENT NEED FOR SHAREHOLDER-DRIVEN
CHANGE
    * STADIUM CAPITAL MANAGEMENT, LLC -  BENEFICIAL OWNER OF
ABOUT 9%
OF OUTSTANDING COMMON SHARES OF SLEEP NUMBER CORP
    * STADIUM CAPITAL: EXPRESSES "DISAPPOINTMENT" WITH SLEEP
NUMBER
BOARD'S REJECTION OF GOOD FAITH OFFER TO COLLABORATE ON DIRECTOR
REFRESHMENT
    * STADIUM CAPITAL MANAGEMENT - URGES  SLEEP NUMBER'S BOARD
TO MEET
WITH STADIUM CAPITAL TO UNDERSTAND SHAREHOLDERS’ CONCERNS, CHART
BETTER PATH FORWARD

Source text for Eikon:  ID:nBw6419m7a 
Further company coverage:  SNBR.O 

 ((Reuters.Briefs@thomsonreuters.com;))