Stadium Capital Management Issues Letter to Sleep Number’s Board of Directors Regarding the Urgent Need for Shareholder-Driven Change
Source: S&P Capital IQ; TSR runs through the day before Stadium Capital filed its initial Schedule 13D.
- Source: S&P Capital IQ; TSR runs through the day before Stadium Capital filed its initial Schedule 13D.
- If a refreshed Board embraces new perspectives and pursues stronger oversight, we believe it can understand and remedy the issues identified herein.
- But blame must also be placed on the Board for failing to hold management accountable for these clear performance issues.
- 3 Source: Sleep Number Form 10Ks for the 2019 and 2022 fiscal years and Sleep Number annual guidance.