Shareholders Elect All Select Comfort Director Nominees at 2015 Annual Meeting
23 May 2015 - 12:22AM
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and withdrawn its slate of director nominees for election to Select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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150522005546/en/
Investors:Dave SchwantesSelect Comfort Corporation(763)
551-7498investorrelations@selectcomfort.comorSteven PantinaSenior
Managing DirectorGeorgeson Inc.(201)
222-4229spantina@georgeson.comorMedia:Tim Lynch / Scott
BisangJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449
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