Departure of Directors or Certain

On June 12, 2017, the Management Development and Compensation Committee (the Committee) of the Board of Directors of Select Comfort Corporation (the Company) approved an amended and restated version of the Select Comfort Corporation Executive Severance Pay Plan (the Severance Plan).

The prior version of the Severance Plan provided for, and the amended and restated Severance Plan maintains, the base severance pay for the Companys Chief Executive Officer and other named executive officers for a termination without cause or upon resignation for good reason, each as defined in the Severance Plan, as follows:

for the Companys Chief Executive Officer: (i) two times the sum of annual base salary and annual target cash incentive plus (ii) a pro rata portion of the executives annual cash incentive; and

for the Companys other named executive officers, (i) one times the sum of annual base salary and annual target cash incentive plus (ii) a pro rata portion of the executives annual cash incentive.

Under the prior version of the Severance Plan, the pro rata cash incentive payment was based on the executives target cash incentive for the year of termination. Under the amended and restated version of the Severance Plan, the pro rata cash incentive payment is based on the average annual cash incentive actually received by the executive during the three most recent fiscal years prior to the year of termination.

Under the prior version of the Severance Plan, the base severance pay amounts described above were not increased if the termination of employment without cause or resignation for good reason was in connection with a change in control of the Company. The amended and restated Severance Plan provides an additional change in control severance pay amount for the Companys Chief Executive Officer and other named executive officers for a termination of employment without cause or resignation for good reason within six months before (or, if later, the date on which discussions with a third party regarding the change in control began) or 24 months after a change in control of the Company, and subject to additional non-competition and non-solicitation requirements, equal to one times the sum of annual base salary and annual target cash incentive.

The foregoing summary of the amended and restated Severance Plan does not purport to be complete and is qualified in its entirety by the full text of the amended and restated Severance Plan, which the Company will file as an exhibit to its Form 10-Q for the fiscal quarter ended July 1, 2017.

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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: June 16, 2017

By:

s/ Mark A. Kimball

Name: Mark A. Kimball

Title: Senior Vice President

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