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Stadium Capital Management secured a board seat in Sleep Number Corporation (SNBR)
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Stadium Capital Management secured a board seat in Sleep Number Corporation (SNBR)

Jul 05, 2024
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Snowball Research
Snowball Research
Stadium Capital Management secured a board seat in Sleep Number Corporation (SNBR)
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Key Summary: On August 25, 2023, Stadium Capital Management (8.5%) expressed concerns over the company’s long-term underperformance and advocated for shareholder representation on the Board to improve governance, capital allocation, and operations. On September 13, 2023, Stadium Capital (9%) requested a meeting with independent directors, criticizing th…

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