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, 2011
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.) |
9800 59th Avenue North, Minneapolis, Minnesota 55442
(Address of principal executive offices) (Zip Code)
(763) 551-7000
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Select Comfort Corporation (the “Company”) held its 2011 Annual Meeting of Shareholders on May 11, 2011. The final results of the shareholder vote on the items of business at the meeting were as follows:
Proposal 1. Election of Directors
Kathy Nedorostek, Michael A. Peel and Jean-Michel Valette were each elected by shareholders for three-year terms expiring at the 2014 Annual Meeting or until their successors are elected and qualified, in accordance with the following voting results:
Nominees | For | Withheld | Broker Non-Votes |
| Kathy Nedorostek | 39,822,405 | 1,356,754 | 9,945,509 |
| Michael A. Peel | 39,943,243 | 1,235,916 | 9,945,509 |
| Jean-Michel Valette | 39,343,552 | 1,835,607 | 9,945,509 |
Proposal 2. Advisory Vote on Executive Compensation
The proposal to approve, on an advisory basis, the compensation of the Company’s executive officers as outlined in the proxy statement has been approved by shareholders in accordance with the following voting results:
For | Against | Abstain | Broker Non-Votes |
| 40,189,715 | 866,605 | 122,839 | 9,945,509 |
Proposal 3. Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation
On the advisory vote on the frequency of future advisory votes on executive compensation, shareholders voted as follows:
1 Year | 2 Years | 3 Years | Abstain | Broker Non-Votes |
| 26,409,605 | 106,245 | 14,447,122 | 216,187 | 9,945,509 |
In accordance with the result of the advisory vote on the frequency of future advisory votes on executive compensation, the Board of Directors has determined that the Company will conduct an advisory vote on executive compensation on an annual basis.
Proposal 4. Ratification of Selection of Independent Registered Public Accounting Firm
The proposal to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2011 fiscal year was approved by shareholders, in accordance with the following voting results:
For | Against | Abstain | Broker Non-Votes |
| 49,783,336 | 1,328,648 | 12,648 | 0 |
ITEM 7.01. REGULATION FD DISCLOSURE.
On May 11, 2011, Select Comfort Corporation announced the election of a new board member and the results of voting at 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.
The information in the press release is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in Item 7.01 of this Current Report, including Exhibit 99.1, will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
| | 99.1 | Press Release dated May 11, 2011 (furnished pursuant to Item 7.01 hereof) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, 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 12, 2011 | By:  |
| | Title: Senior Vice President |
EXHIBIT INDEX
Exhibit No. Description
| 99.1 | Press Release dated May 11, 2011 (furnished pursuant to Item 7.01 hereof) |
