{"filing":{"accession_number":"0000950103-26-008891","cik":"0000827187","ticker":"SNBR","company_name":"Sleep Number Corp","form":"8-K","filing_date":"2026-06-12","report_date":null,"primary_document":"dp248362_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/827187/000095010326008891/dp248362_8k.htm"},"events":[{"id":5189,"run_id":4544,"accession_number":"0000950103-26-008891","anchor_item_number":"1.03","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.98,"summary":"Sleep Number Corporation and its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on June 12, 2026, in the U.S. Bankruptcy Court for the Southern District of New York. The filing triggered automatic acceleration of approximately $672.5 million in debt and includes debtor-in-possession financing and a stalking horse asset sale agreement.","company_name":"Sleep Number Corp","ticker":"SNBR","filing_date":"2026-06-12","form":"8-K","submitted_at":null,"items":[{"id":6507,"accession_number":"0000950103-26-008891","item_number":"1.01","item_title":"Entry","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Item 1.01 discloses entry into a \"Material Definitive Agreement\" and explicitly references a \"Stalking Horse Asset Purchase Agreement\" under Item 1.03. A stalking horse agreement is a hallmark of bankruptcy asset sales, indicating the company has entered into a material transaction to dispose of assets. This is material to investors as it signals financial distress and a potential change of control or liquidation scenario.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6508,"accession_number":"0000950103-26-008891","item_number":"1.03","item_title":"Bankruptcy","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.99,"reasoning":"Sleep Number Corporation and its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on June 12, 2026, in the U.S. Bankruptcy Court for the Southern District of New York. The filing is explicitly disclosed under Item 1.03 and constitutes a terminal signal event that fundamentally alters the registrant's capital structure and going concern status. The disclosure also details debtor-in-possession financing and a stalking horse asset sale, confirming the bankruptcy is active and material to all investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6509,"accession_number":"0000950103-26-008891","item_number":"2.04","item_title":"Triggering","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.95,"reasoning":"While Item 2.04 is technically about covenant breach and acceleration of obligations, the substance of this disclosure is that Sleep Number filed Chapter 11 bankruptcy on the Petition Date, which triggered an automatic event of default accelerating approximately $672.5 million in debt. The filing itself is the material event; Item 1.03 (referenced herein) covers the bankruptcy filing directly. Bankruptcy filing is the terminal signal that supersedes the technical covenant breach classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"","ticker":null,"filing_date":""},{"id":6510,"accession_number":"0000950103-26-008891","item_number":"7.01","item_title":"Regulation FD","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.99,"reasoning":"Sleep Number Corp disclosed the filing of bankruptcy petitions (Chapter 11 Cases) on June 12, 2026. The filing explicitly states \"the Company issued a press release announcing the filing of the Bankruptcy Petitions\" and discusses the Chapter 11 Cases throughout, including expected delisting from Nasdaq, complete or significant loss for common shareholders, and the planned sale of the business under Section 363 of the Bankruptcy Code. This is a terminal bankruptcy filing event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":6507,"accession_number":"0000950103-26-008891","item_number":"1.01","item_title":"Entry","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Item 1.01 discloses entry into a \"Material Definitive Agreement\" and explicitly references a \"Stalking Horse Asset Purchase Agreement\" under Item 1.03. A stalking horse agreement is a hallmark of bankruptcy asset sales, indicating the company has entered into a material transaction to dispose of assets. This is material to investors as it signals financial distress and a potential change of control or liquidation scenario.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"Sleep Number Corp","ticker":"SNBR","filing_date":"2026-06-12"},{"id":6508,"accession_number":"0000950103-26-008891","item_number":"1.03","item_title":"Bankruptcy","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.99,"reasoning":"Sleep Number Corporation and its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on June 12, 2026, in the U.S. Bankruptcy Court for the Southern District of New York. The filing is explicitly disclosed under Item 1.03 and constitutes a terminal signal event that fundamentally alters the registrant's capital structure and going concern status. The disclosure also details debtor-in-possession financing and a stalking horse asset sale, confirming the bankruptcy is active and material to all investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"Sleep Number Corp","ticker":"SNBR","filing_date":"2026-06-12"},{"id":6509,"accession_number":"0000950103-26-008891","item_number":"2.04","item_title":"Triggering","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.95,"reasoning":"While Item 2.04 is technically about covenant breach and acceleration of obligations, the substance of this disclosure is that Sleep Number filed Chapter 11 bankruptcy on the Petition Date, which triggered an automatic event of default accelerating approximately $672.5 million in debt. The filing itself is the material event; Item 1.03 (referenced herein) covers the bankruptcy filing directly. Bankruptcy filing is the terminal signal that supersedes the technical covenant breach classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"Sleep Number Corp","ticker":"SNBR","filing_date":"2026-06-12"},{"id":6510,"accession_number":"0000950103-26-008891","item_number":"7.01","item_title":"Regulation FD","event_type":"bankruptcy_filing","event_domain":"terminal","is_material":true,"confidence":0.99,"reasoning":"Sleep Number Corp disclosed the filing of bankruptcy petitions (Chapter 11 Cases) on June 12, 2026. The filing explicitly states \"the Company issued a press release announcing the filing of the Bankruptcy Petitions\" and discusses the Chapter 11 Cases throughout, including expected delisting from Nasdaq, complete or significant loss for common shareholders, and the planned sale of the business under Section 363 of the Bankruptcy Code. This is a terminal bankruptcy filing event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-12T14:28:20.116812+00:00","company_name":"Sleep Number Corp","ticker":"SNBR","filing_date":"2026-06-12"}]}