Select Comfort Fires Back in Proxy Fight

April 17, 2015  by in Furniture Retailing, Industry   

In the letter, Select Comfort calls Blue Clay’s proposed changes that include an aggressive expansion to 900 stores, questions the company's store relocations and other items as “risky and poorly conceived.”

Blue Clay is looking to oust two members of the company’s board of directors and replace them with two representatives of Blue Clay’s choosing.

The letter takes Blue Clay’s plan point by point and outlines for shareholders Select Comfort’s current strategy with the results posted so far.

The battle will end at Select Comfort’s annual meeting May 22. 

The letter in its entirety is available online.