Clinton Group seeks to oust Select Comfort CEO

By Lisa Kerner

Charlotte, N.C., June 23 - Select Comfort Corp. investors Clinton Group suggested the company replace its chief executive officer and revise its marketing strategy.

The Clinton Group made its recommendations in a June 23 letter to Select Comfort's board and included in a schedule 13D filed with the Securities and Exchange Commission.

In addition, the investor, with a 7.52% stake in the company, expressed disappointment that Select Comfort did not agree to provide the Clinton Group with board representation.

Select Comfort is a Minneapolis-based developer, manufacturer and marketer of adjustable-firmness beds and other sleep-related accessory products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.