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flag Largest investor of Sleep Number calls for a new CEO and board refresh, citing underperformance.

flag Sleep Number's largest investor, Stadium Capital Management, demands a new independent search for the company's CEO and a refreshed board, citing significant underperformance compared to competitors. flag The company's shares initially rose but later fell in after-hours trading. flag Sleep Number has defended its process and noted recent efforts to engage with Stadium, including adding two recommended directors to the board.

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