Select Comfort releases outcomes of annual meeting
11 May '06
2 min read
Select Comfort Corporation, the nation's leading bed retailer and creator of the Sleep Number bed, announced results of its annual meeting of shareholders, held yesterday afternoon at the company's corporate headquarters.
In his presentation, Select Comfort Chairman and Chief Executive Officer Bill McLaughlin marked 2005 as the best year ever in the company's history.
"As gratifying as the year's financial performance was, we continue to feel that Select Comfort is just beginning to realize our long-term potential," McLaughlin said.
"As first quarter 2006 is already beginning to show, our top-line growth strategies are both proven and improving, and we are increasingly confident that Select Comfort has unique and sustainable advantages that position us well to continue to meet our long-term growth goals."
In the formal business portion of the meeting, shareholders elected Christine M. Day, Stephen L. Gulis, Jr. and Ervin R. Shames to new three-year terms on the Board of Directors. After 15 years of service to the company, Patrick A. Hopf is retiring from the Board and did not stand for re-election at this year's Annual Meeting. As a result, the Select Comfort Board of Directors now totals 10 members.
Hopf, a director since 1991, served as Chairman of the Board from 1993 to 1996, and again from 1999 to 2004. "We would like to thank Pat for his long and distinguished career with Select Comfort," McLaughlin said.
"His outstanding dedication to our company has been instrumental in building our success and helping us to achieve our enviable position in the fast-growing specialty bedding industry."
marketing@alchempro.com
