On June 22, 2017, Select Comfort Corporation (the Company) entered into a First Amendment to Lease (the Amendment) with DCI 1001 Minneapolis Venture, LLC (the Landlord) to amend the Lease Agreement between the Company and the Landlord dated as of October 21, 2016 with respect to office space located at 1001 3rd Avenue South, Minneapolis, MN 55404 (the Lease Agreement).
Pursuant to the Amendment, the total rentable square feet has been increased to approximately 238,000 square feet from 211,000 square feet previously. The base rent and other terms of the Lease Agreement applicable to rentable square feet are unchanged and will apply to the additional square feet.
The Amendment further provides that the Company will contract directly for a food service vendor to operate within the fo od service common area of the premises.
The foregoing description of the Lease Agreement is qualified in its entirety by the full text of the Amendment, which the Company will file as an exhibit to the Companys Quarterly report on Form 10-Q for the fiscal quarter ending July 1, 2017.
ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
The information required by this Item 2.03 is set forth under Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SELECT COMFORT CORPORATION
Dated: June 28, 2017
By: /s/ Mark A. Kimball
Title: Senior Vice President
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