Brief: Stadium Capital Management, Llc Reports 8.5% Stake In Sleep Number Corp

Sleep Number

25/08/2023 14:20

Aug 25 (Reuters) - Sleep Number Corp  SNBR.O :
    * STADIUM CAPITAL MANAGEMENT, LLC REPORTS 8.5% STAKE IN
SLEEP
NUMBER CORP AS OF AUGUST 22 - SEC FILING
    * STADIUM CAPITAL MANAGEMENT, LLC - PURCHASED SLEEP NUMBER
CORP'S
SECURITIES BASED ON BELIEF THAT SUCH SECURITIES, WHEN PURCHASED,
WERE UNDERVALUED
    * STADIUM CAPITAL MANAGEMENT, LLC -  CONCERNED WITH SLEEP
NUMBER
CORP'S LONG-TERM UNDERPERFORMANCE
    * STADIUM CAPITAL-BELIEVE SHAREHOLDER REPRESENTATION ON
BOARD OF
SLEEP NUMBER IS NEEDED TO DRIVE IMPROVEMENTS TO
GOVERNANCE,CAPITAL ALLOCATION,OPERATIONS
    * STADIUM CAPITAL- ENGAGING IN DISCUSSIONS WITH SLEEP NUMBER
REGARDING COMPOSITION OF BOARD, OPPORTUNITIES TO ENHANCE
SHAREHOLDER VALUE

Source text for Eikon:  ID:nTUA3BGYNN 
Further company coverage:  SNBR.O 

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