MINNEAPOLIS -- (Business Wire)
Select Comfort Corporation (NASDAQ:SCSS) announced that shareholders
have elected all of the Company’s director nominees at today’s Annual
Meeting of Shareholders.
The Company noted that on May 12, 2015 Blue Clay Capital Management,
LLC, announced that it had abandoned its proxy contest and withdrawn its
slate of director nominees for election to Select Comfort’s Board of
Directors.
Select Comfort issued the following statement:
We appreciate the strong support we have received from our shareholders
throughout this process. Today, Select Comfort shareholders have voted
overwhelmingly to re-elect all of the Company’s director nominees to the
Board. As such, we are focused on the continued execution of the
Company’s consumer-driven innovation strategy to deliver profitable
growth and create value for shareholders.
In addition to the election of the company’s nominees as directors, each
of the other items presented by the Company at the Annual Meeting was
approved by shareholders.
About Select Comfort Corporation
SLEEP NUMBER, a sleep innovation leader, delivers unparalleled sleep
experiences by offering high-quality, innovative sleep products and
services. The company is the exclusive designer, manufacturer, marketer,
retailer and servicer of a complete line of Sleep Number® beds including
our newest addition, the SleepIQ Kids™ bed. Only the Sleep Number bed
offers SleepIQ® technology – proprietary sensor technology that works
directly with the bed’s DualAir™ system to track and monitor each
individual’s sleep. SleepIQ technology communicates how you slept and
what adjustments you can make to optimize your sleep and improve your
daily life. Sleep Number also offers a full line of exclusive sleep
products including FlexFit™ adjustable bases and Sleep Number® pillows,
sheets and other bedding products. Consumers also benefit from a unique,
value-added retail experience at one of the more than 460 Sleep Number®
stores across the country, online at SleepNumber.com, or via phone at
(800) Sleep Number or (800) 753-3768.
Forward-looking Statements
Statements used in this news release relating to future plans, events,
financial results, management or performance are forward-looking
statements within the meaning of the Securities Act of 1933 and the
Securities Exchange Act of 1934 and are subject to certain risks and
uncertainties including, among others, such factors as current and
future general and industry economic trends and consumer confidence; the
effectiveness of our marketing messages; the efficiency of our
advertising and promotional efforts; our ability to execute our
company-controlled distribution strategy; our ability to achieve and
maintain acceptable levels of product and service quality, and
acceptable product return and warranty claims rates; our ability to
continue to improve and expand our product line; consumer acceptance of
our products, product quality, innovation and brand image; industry
competition, the emergence of additional competitive products, and the
adequacy of our intellectual property rights to protect our products and
brand from competitive or infringing activities; availability of
attractive and cost-effective consumer credit options; pending and
unforeseen litigation and the potential for adverse publicity associated
with litigation; our “just-in-time” manufacturing processes with minimal
levels of inventory, which may leave us vulnerable to shortages in
supply; our dependence on significant suppliers and our ability to
maintain relationships with key suppliers, including several sole-source
suppliers; the vulnerability of key suppliers to recessionary pressures,
labor negotiations, liquidity concerns or other factors; rising
commodity costs and other inflationary pressures; risks inherent in
global sourcing activities; risks of disruption in the operation of
either of our two primary manufacturing facilities; increasing
government regulations, which have added or will add cost pressures and
process changes to ensure compliance; the adequacy of our management
information systems to meet the evolving needs of our business and to
protect sensitive data from potential cyber threats; the costs,
distractions and potential disruptions to our business related to
upgrading our management information systems; our ability to attract,
retain and motivate qualified management, executive and other key
employees, including qualified retail sales professionals and managers;
and uncertainties arising from global events, such as terrorist attacks
or a pandemic outbreak, or the threat of such events. Additional
information concerning these and other risks and uncertainties is
contained in the company’s filings with the Securities and Exchange
Commission (SEC), including the 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 in this
news release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005546/en/
Contacts:
Investors:
Dave Schwantes
Select Comfort Corporation
(763)
551-7498
investorrelations@selectcomfort.com
or
Steven
Pantina
Senior Managing Director
Georgeson Inc.
(201)
222-4229
spantina@georgeson.com
or
Media:
Tim
Lynch / Scott Bisang
Joele Frank, Wilkinson Brimmer Katcher
(212)
355-4449
Source: Select Comfort Corporation
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