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SCSS > SEC Filings for SCSS > Form 8-K on 22-Jul-2013All Recent SEC Filings

Show all filings for SELECT COMFORT CORP

Form 8-K for SELECT COMFORT CORP


22-Jul-2013

Entry into a Material Definitive Agreement


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On July 16, 2013, Select Comfort Corporation (the "Company") entered into a new Master Supply Agreement (the "Supply Agreement") with the European supplier of the Company's proprietary air chambers used in the Company's Sleep NumberŪ beds. The supplier has been the Company's primary source of supply of air chambers since 1994. The Supply Agreement is effective as of July 1, 2013 and has an initial term of three years. Thereafter it is subject to automatic annual renewal unless either party gives one year's notice of its intention not to renew the Supply Agreement. The Company and the supplier were previously party to a Master Supply Agreement that expired by its terms on December 31, 2012 though the parties continued to operate under its terms during negotiation of the current agreement.
The foregoing description of the Supply Agreement is qualified in its entirety by reference to the full text of the Supply Agreement which the Company will file with the Securities and Exchange Commission as an exhibit to the Company's Form 10-Q for the quarter ending September 30, 2013. The Company intends to seek confidential treatment of certain terms of the Supply Agreement, including the name of the supplier, in connection with the filing of the Supply Agreement in accordance with the procedures of the Securities and Exchange Commission.


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