SELECT COMFORT CORPORATION (NASDAQ:SCSS) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01. ENTRY INTO MATERIAL DEFINITIVE AGREEMENT.
SELECT COMFORT CORPORATION (NASDAQ:SCSS) Files An 8-K Entry into a Material Definitive Agreement
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”).
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 food 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 Company’s 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.
About SELECT COMFORT CORPORATION (NASDAQ:SCSS)
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products. The Company offers Sleep Number beds in a range of sizes, including twin, full, queen, eastern king and California king. It offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. The Performance Series includes its mattresses with a balance of softness and pressure relieving support. The series includes the Sleep Number p5 and p6 beds. The Memory Foam Series is breathable and contouring. The series includes the Sleep Number m6 and m7 beds.
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products. The Company offers Sleep Number beds in a range of sizes, including twin, full, queen, eastern king and California king. It offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. The Performance Series includes its mattresses with a balance of softness and pressure relieving support. The series includes the Sleep Number p5 and p6 beds. The Memory Foam Series is breathable and contouring. The series includes the Sleep Number m6 and m7 beds.
