ITEM 8.01. OTHER EVENTS

On August 18, 2009, Clinton Group, Inc. filed an amendment to Schedule 13D disclosing that on August 17, 2009, an affiliate of Clinton Group, Inc. ("Clinton") and Sterling SC Investor, LLC, a Delaware limited liability company
("Sterling SC") and an affiliate of Sterling Capital Partners III, L.P. ("SCP")
entered into a securities purchase agreement (the "Clinton SPA"), which provides, among other things, that Clinton has agreed to co-invest in the Company alongside SCP through an investment of up to $5 million in Sterling SC (the "Clinton Investment") which would fund a portion of the purchase price to be paid by Sterling SC in its purchase of shares from the Company under the Securities Purchase Agreement.

Accordingly, upon the consummation of the Clinton Investment, Sterling SC will no longer be a wholly-owned subsidiary of SCP as it was described in the Company's definitive proxy statement filed on July 28, 2009, Schedule 14f-1 filed on August 17, 2009 and other previous filings.

On August 21, 2009, Select Comfort Corporation issued a press release regarding the Schedule 13D Amendment filed by Clinton Group, Inc. and information regarding certain proxy advisory firm recommendations. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

Exhibit 99.1 Press Release, dated August 21, 2009

---