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): NOVEMBER 10, 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 5.02. ELECTION OF DIRECTORS.
On November 10, 2004, Trudy Rautio, President, Carlson Hotels Worldwide, the
Americas, announced her resignation from the Board of Directors of Select
Comfort Corporation, effective as of November 11, 2004. Ms. Rautio's decision to
resign from the Board follows the recent agreement between Carlson Hotels
Worldwide and Select Comfort Corporation to begin supplying SLEEP NUMBER(R) beds
to all Radisson Hotels & Resorts(R) in the United States, Canada and the
Caribbean. Radisson is one of the brands of Carlson Hotels Worldwide.
The Company announced that the Board of Directors has elected Christine M. Day,
President, Asia Pacific Group, Starbucks Coffee International, to fill the
vacancy on the Board of Directors, effective as of November 11, 2004. Ms. Day
was also appointed to serve on the Compensation Committee of the Board of
Directors. There is no arrangement or understanding between Ms. Day and any
other persons pursuant to which Ms. Day was elected as a director. Ms. Day does
not have a direct or indirect material interest in any existing or currently
proposed transaction to which the Company is or may become a party.
A press release, issued by the Company on November 10, 2004, announcing Ms.
Rautio's resignation from the Board of Directors and Ms. Day's appointment to
fill the vacancy on the Board of Directors, is attached to this report as
Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS.
Exhibit 99.1 Press Release, dated November 10, 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: November 10, 2004 By: /s/ Mark A. Kimball
-----------------------------
Title: Senior Vice President
--------------------------
INDEX TO EXHIBITS
Exhibit No. Description of Exhibit
- ----------- ----------------------
99.1 Press Release, dated November 10, 2004
2