<SEC-DOCUMENT>0000827187-24-000038.txt : 20240520
<SEC-HEADER>0000827187-24-000038.hdr.sgml : 20240520
<ACCEPTANCE-DATETIME>20240520081215
ACCESSION NUMBER:		0000827187-24-000038
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240520
DATE AS OF CHANGE:		20240520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sleep Number Corp
		CENTRAL INDEX KEY:			0000827187
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				411597886
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1228

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25121
		FILM NUMBER:		24962445

	BUSINESS ADDRESS:	
		STREET 1:		1001 THIRD AVENUE SOUTH
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55404
		BUSINESS PHONE:		7635517000

	MAIL ADDRESS:	
		STREET 1:		1001 THIRD AVENUE SOUTH
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55404

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SELECT COMFORT CORP
		DATE OF NAME CHANGE:	19980821
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>supplementtoproxystatement.htm
<DESCRIPTION>DEFA14A
<TEXT>
<html><head>
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<title>Document</title></head><body><div id="i3477c2db5f194e28b82ce2b11b7d11c4_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">Washington, D.C. 20549</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">_______________________________________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">SCHEDULE 14A INFORMATION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">Proxy Statement Pursuant to Section 14(a)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">of the Securities Exchange Act of 1934</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">(Amendment No.    )</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:94.033%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:150%">&#9745;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Filed by the Registrant</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#168;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Filed by a party other than the Registrant</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Check the appropriate box&#58;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#168;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Preliminary Proxy Statement</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#168;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:150%">&#168;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Definitive Proxy Statement</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#9745;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Definitive Additional Materials</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#168;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">Soliciting Material under &#167;240.14a-12</font></div></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:150%">______________________________________________________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:150%">SLEEP NUMBER CORPORATION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">(Name of Registrant as Specified In Its Charter)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">______________________________________________________________________</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:150%">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:150%">______________________________________________________________________</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.711%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:63.753%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Payment of Filing Fee (Check all boxes that apply)&#58;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:150%">&#9745;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:112%">No fee required.</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#168;</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Fee paid previously with preliminary materials.</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:112%">&#168;</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:150%">SUPPLEMENT TO PROXY STATEMENT DATED APRIL 2, 2024</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:150%">FOR THE ANNUAL MEETING OF STOCKHOLDERS</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:150%">TO BE HELD ON MAY 21, 2024</font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On May 20, 2024, Sleep Number Corporation made the following announcement to shareholders&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:112%">At Sleep Number&#8217;s 2024 Annual Meeting of Stockholders, to be held on May 21, 2024, stockholders will have the opportunity to vote on a proposal to approve an amendment to the Company&#8217;s 2020 Equity Incentive Plan to increase the number of shares reserved for issuance by 1,500,000 shares (&#8220;Proposal 4&#8221;). The Board of Directors believes that these additional shares are necessary to support our team members&#8217; retention and reinforce their alignment with stockholders.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Ahead of the Annual Meeting, the Board has continued to evaluate additional actions to conserve equity and maximize the impact of the shares available for grants to team members under the 2020 Plan. To that end, the Management Development and Compensation Committee formally approved that all director cash compensation in 2025 must be taken in cash, effectively suspending the ability to take stock in lieu of cash.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Board of Directors also continues to recommend unanimously that shareholders vote &#8220;FOR&#8221; Proposal 4, and all the proposals on the ballot for our 2024 Annual Meeting, which the Board believes are in the best interests of shareholders and the Company and supports our goal of delivering long-term shareholder value.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
