ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On January 27, 2023, Sleep Number Corporation (the "Company") issued a press release that, among other things, discloses that the Company estimates, based on its preliminary results, full year 2022 net sales of $2,037 million and earnings per diluted share of $1.60. The press release also announces the details for accessing the Company's fiscal fourth quarter and full year 2022 earnings conference call, scheduled for February 22, 2023 at 5:00 p.m. EST. The full text of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

These preliminary financial results are based on the Company's current estimate of its results for the year ended December 31, 2022, and remain subject to change based on the completion of closing and audit procedures.

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF

DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY

ARRANGEMENTS OF CERTAIN OFFICERS. On January 24, 2023, the Company appointed Chris Krusmark as the interim Chief Financial Officer (CFO) of the Company to succeed David Callen, who will be stepping down as CFO, in each case effective as of January 30, 2023. The Company has engaged Korn Ferry, a leading executive search firm, and is conducting a search process to fill the CFO role on a permanent basis.

Krusmark, 43, is currently serving as the Company's Executive Vice President and Chief Human Resources Officer, a role he has held since July 2020. Previously, Krusmark served as the Company's Vice President of Sales Operations, Field Services and Training. Krusmark started with the Company in 2005 and held several financial leadership roles supporting operations, sales, real estate, marketing, and product innovation. Prior to joining Sleep Number, Krusmark served in the assurance and advisory practices as a Certified Public Accountant with EY and Arthur Andersen.

Callen will continue to serve in an advisory role to the Company through March 3, 2023, supporting the transition and the Company's reporting of its fiscal year 2022 financial results. While serving in this role, Callen will continue to receive his current base salary and be eligible to vest in his outstanding Company equity awards. At the conclusion of this service, Callen will be eligible to receive the non-change in control severance payments and benefits provided under the Company's Executive Severance Pay Plan. Callen's departure is not the result of any disagreement with the Company on any subject, including its operations, policies or practices.




ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS.



(d) Exhibits.
     Exhibit No.            Description of Exhibit
        99.1                  Press Release dated January 27, 2023   (furnished herewith)
                            Cover Page Interactive Data File (embedded within the Inline XBRL
         104                document)

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