-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SQht+7u3EuhMJzieAvxprWh/Wv22JU/GquRNX9KhbzNh8KqBjKJdUcB5eS8OdUpS c8XL8Ju5gAR3MgErR6JTcQ== 0000827187-04-000050.txt : 20041206 0000827187-04-000050.hdr.sgml : 20041206 20041206102332 ACCESSION NUMBER: 0000827187-04-000050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041203 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041206 DATE AS OF CHANGE: 20041206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SELECT COMFORT CORP CENTRAL INDEX KEY: 0000827187 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 410157886 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25121 FILM NUMBER: 041185400 BUSINESS ADDRESS: STREET 1: 6105 TRENTON LANE NORTH CITY: MINNEAPOLIS STATE: MN ZIP: 55442 BUSINESS PHONE: 7635517000 8-K 1 pr120304.txt 120304 GUIDANCE UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): DECEMBER 3, 2004 SELECT COMFORT CORPORATION (Exact name of registrant as specified in its charter) MINNESOTA (State or other jurisdiction of incorporation or organization) 0-25121 41-1597886 (Commission File No.) (IRS Employer Identification No.) 6105 Trenton Lane North, Minneapolis, Minnesota 55442 ----------------------------------------------------- (Address of principal executive offices) (Zip Code) (763) 551-7000 -------------- (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 7.01. REGULATION FD DISCLOSURE. On December 3, 2004, Select Comfort Corporation issued a press release updating fourth quarter sales expectations. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (C) EXHIBITS. Exhibit 99.1 Press Release, dated December 3, 2004 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SELECT COMFORT CORPORATION (Registrant) Dated: December 3, 2004 By: /s/ Mark A. Kimball --------------------------- Title: Senior Vice President ------------------------ INDEX TO EXHIBITS Exhibit No. Description of Exhibit - ----------- ---------------------- 99.1 Press Release, dated December 3, 2004 2 EX-99 2 ex991120304.txt EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Tammy Nystuen Select Comfort Corporation (763) 551-7496 tamara.nystuen@selectcomfort.com SELECT COMFORT CORPORATION UPDATES FOURTH QUARTER SALES EXPECTATIONS Minneapolis - (Dec. 3, 2004) - Select Comfort Corporation (NASDAQ: SCSS), the nation's leading bed retailer and creator of the Sleep Number(R) bed, today announced that it expects net sales for the fourth quarter ending January 1, 2005, to be below prior guidance. "Sales during the early part of the holiday season, particularly over the Thanksgiving weekend, were slower than anticipated," said Bill McLaughlin, chairman and chief executive officer. "Based on these results and uncertainty concerning consumer confidence over the holidays, we felt it prudent to update fourth quarter sales expectations." Based on current trends, Select Comfort expects fourth quarter net sales to be $143 to $149 million, which is 12 to 17 percent higher than fourth quarter 2003 net sales on a comparable basis. Previous fourth quarter 2004 guidance was $153 to $158 million. The company will report fourth quarter sales results on January 10, 2005, after market close. About Select Comfort Founded in 1987, Select Comfort Corporation is the nation's leading bed retailer(1), holding 26 U.S. issued or pending patents for its personalized sleep products. The company designs, manufactures and markets a line of adjustable-firmness mattresses featuring air-chamber technology, branded the Sleep Number(R) bed, as well as foundations and sleep accessories. Select Comfort's products are sold through its 368 retail stores located nationwide, including 13 leased departments in Bed Bath & Beyond stores; through selected bedding retailers; through its national direct marketing operations; and on the Internet at www.selectcomfort.com. ### 1 Statements used in this press release that relate to future plans, events, financial results or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others, such factors as general and industry economic trends; uncertainties arising from global events, consumer confidence, effectiveness of our advertising and promotional efforts; our ability to secure suitable retail locations; our ability to attract and retain qualified sales professionals and other key employees; consumer acceptance of our products and product innovation; our ability to continue to expand and improve our product line; industry competition; warranty expenses; the outcome of pending litigation, including consumer claims and California wage and hour litigation; our dependence on significant suppliers; rising commodity costs; and the vulnerability of any suppliers to inflationary pressures, labor negotiations, liquidity concerns or other factors; increasing government regulations, including new flammability standards for the bedding industry; as well as the risk factors listed from time to time in the company's filings with the SEC, including the company's Annual Report on Form 10-K and other periodic reports filed with the SEC. The company has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release. (1) Top 25 Bedding Retailers, Furniture Today, May 24, 2004 2 -----END PRIVACY-ENHANCED MESSAGE-----