Sleep Number (SNBR) investor relations material

Opening remarks and agenda

• Meeting called to order with Board, executive team, and independent auditor present.

• Retiring Director Hilary Schneider was thanked for her service and leadership.

• Agenda included formal shareholder business, voting, and a Q&A session.

Financial performance review

• Over the past year, cost reductions, marketing modernization, and a major product reset were executed.

• Focus remains on securing a long-term capital solution after obtaining short-term liquidity and covenant relief.

Board and executive committee updates

• Board composition was refreshed and its size reduced.

• New Board nominees introduced for three-year terms, subject to declassification proposal.