-----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, ACr5dGCE150mv9EcDZNhQcTjF2mL62WOl67PeKzSMOF9K67wp0iHxvcjt7Oraxp+ cRoQ/jZGGqrhQXLVpr22hQ== 0000827187-05-000027.txt : 20050512 0000827187-05-000027.hdr.sgml : 20050512 20050512094928 ACCESSION NUMBER: 0000827187-05-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050511 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20050512 DATE AS OF CHANGE: 20050512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SELECT COMFORT CORP CENTRAL INDEX KEY: 0000827187 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 411597886 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25121 FILM NUMBER: 05822595 BUSINESS ADDRESS: STREET 1: 6105 TRENTON LANE NORTH CITY: MINNEAPOLIS STATE: MN ZIP: 55442 BUSINESS PHONE: 7635517000 MAIL ADDRESS: STREET 1: 6105 TRENTON LANE NORTH CITY: MINNEAPOLIS STATE: MN ZIP: 55442 8-K 1 pr051105.txt 2005 SHAREHOLDER MEETING 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): MAY 11, 2005 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)) 1 ITEM 7.01. REGULATION FD DISCLOSURE On May 11, 2005, Select Comfort Corporation announced the results of its annual meeting of shareholders. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. 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: May 11, 2005 By: /s/ Mark A. Kimball ------------------------------ Title: Senior Vice President --------------------------- INDEX TO EXHIBITS The exhibit listed in this index is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any document filed under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, except as otherwise expressly stated in any such filing. Exhibit No. Description of Exhibit 99.1 Press Release dated May 11, 2005 2 EX-99 2 pr051105ex991.txt EXHIBIT 99.1, PRESS RELEASE EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACT: Tammy Nystuen Select Comfort Corporation (763) 551-7496 tamara.nystuen@selectcomfort.com SELECT COMFORT ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS MINNEAPOLIS - (May 11, 2005) - Select Comfort Corporation (Nasdaq:SCSS), the nation's leading bed retailer and creator of the Sleep Number(R) bed, announced results of its annual meeting of shareholders, held today at the company's corporate headquarters. In his presentation, Select Comfort chairman and chief executive officer Bill McLaughlin, said, "2004 marked yet another year of market growth and expansion for Select Comfort, with 2005 off to an even stronger start - marking the company's fourth consecutive year of double-digit revenue and earnings growth." In addition to these double-digit growth rates, McLaughlin said he is particularly pleased that the company is so well-positioned for long-term, sustainable growth. "We have a differentiated product, an advantaged business model, proven growth programs, demonstrated leadership across all levels and positive consumer trends on which to grow," McLaughlin said. "When you combine that with some of the highest customer loyalty scores in the industry today, you've got a winning combination." In the formal business portion of the meeting, shareholders elected Christopher P. Kirchen, Brenda J. Lauderback, Michael A. Peel and Jean-Michel Valette to new three-year terms on the board of directors. In addition, shareholders approved amendments to Select Comfort's employee stock plan and ratified the appointment of KPMG LLP as independent auditors for the current fiscal year. Select Comfort expects to provide a second quarter update on Wednesday, June 15, with full-quarter results expected on Tuesday, July 26. ABOUT SELECT COMFORT Founded in 1987, Select Comfort Corporation is the nation's leading bed retailer(1), holding 32 U.S. issued or pending patents for its personalized sleep products. The company designs, manufactures and markets a line of 1 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 365 retail stores located nationwide, through selected bedding retailers; through its national direct marketing operations; and on the Internet at www.selectcomfort.com. ### 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, product quality, innovation and brand image; our ability to continue to expand and improve our product line; industry competition; warranty expenses; the outcome of pending litigation, including consumer class action litigation; our dependence on significant suppliers, and the vulnerability of any suppliers to inflationary pressures, labor negotiations, liquidity concerns or other factors; rising commodity costs; and increasing government regulations, including new flammability standards for the bedding industry. Additional information concerning these and other risks and uncertainties is contained in our filings with the Securities and Exchange Commission, including our 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-----