UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported):         MAY 16, 2002


                           SELECT COMFORT CORPORATION
             (Exact name of registrant as specified in its charter)


       MINNESOTA                   0-25121                41-1597886
(State of Incorporation)      (Commission File           (IRS Employer
                                      Number)             Identification No.)


       6105 TRENTON LANE NORTH
       MINNEAPOLIS, MINNESOTA                      55442
     (Address of principal                       (Zip Code)
            executive offices)


Registrant's telephone number, including area code: (763) 551-7000





<PAGE>

ITEM 9.  REGULATION FD DISCLOSURE.

     On May 15, 2002, the registrant presented the following  information at the
Select Comfort Corporation Annual Meeting of Shareholders:

Slide 1
******************************************************************************

TURN AROUND COMPLETE - SEIZING THE GROWTH OPPORTUNITY

     o    Return to profitability

     o    Reestablished balance sheet strength

     o    Initiated programs for growth

******************************************************************************


Slide 2
******************************************************************************

STRATEGIES - ESTABLISHED IN 2000 AND WORKING

Four strategies to capture profit and growth opportunity

     1.   Continuing cost control

     2.   Building awareness

     3.   Expanding distribution

     4.   Re-emphasizing innovation

******************************************************************************





                                       2
<PAGE>

Slide 3
******************************************************************************

EXECUTING TO PLAN. . .  DELIVERING RESULTS

     o    Closed 40 stores, office and plant
                                                            [graphic omitted]
     o    Staffing reduced - G&A, selling structure

     o    Returns and promotional costs reduced

     o    Product quality improvements


                      BREAK-EVEN REDUCED BY 20%

                                BREAKEVEN 2000     BREAKEVEN 2002
       Annual Units (000's)           280                210

******************************************************************************


Slide 4
******************************************************************************

EXECUTING TO PLAN -- DELIVERING REAL GROWTH

     o    Awareness
          -    Sleep Number(R) brand introduced

     o    Distribution                               SALES TREND BUILDING
          -    Retail execution improved             [graphic omitted]
          -    Factory Direct introduced
          -    Website improved
          -    QVC and Wholesale
               launched

     o    Product Innovation
          -    Quality
          -    Performance
          -    New features


                            Q1 '01    Q2 '01     Q3 '01    Q4 '01    Q1 '02
Net Sales (in Millions)     $65.5     $62.7      $64.1     $69.3     $81.1
% +/-                       (14.1)%     1.5%      -5.7%      8.2%     24.0%

******************************************************************************




                                       3
<PAGE>

Slide 5
******************************************************************************

SOLID FINANCIAL BASE AND FOUNDATION OF CONSISTENT PERFORMANCE

        RETURN TO PROFIT                    REBUILT CASH POSITION
        [graphic omitted]                   [graphic omitted]


     (in Millions)       Q1 '01    Q2 '01   Q3 '01   Q4 '01    Q1 '02
Net Income               ($9.8)    ($3.5)    $0.2     $1.1      $3.2


     (in Millions)       Q1 '01    Q2 '01   Q3 '01   Q4 '01    Q1 '02
Cash                      $4.5      $8.8    $15.4    $16.4     $25.6
EBITDA                   ($7.2)    ($0.9)    $3.0     $3.9      $5.9

******************************************************************************


Slide 6
******************************************************************************

DELIVERING RESULTS AND BUILDING MOMENTUM

     First quarter 2002:

     o    24% sales increase - growth in all channels

     o    $13+ million improvement to $3.2 million net income

     o    $1.4 million net income - rolling 12 months

******************************************************************************





                                       4
<PAGE>

 Slide 7
******************************************************************************

BUILD ON GROWTH - LEVERAGE OUR PROFIT MODEL IN 2002

     o    Marketing/Media                   Media spend          +16%
                                            National TV media    +68%

     o    Product improvement               Mix improvement, ASP +11%
                                            Gross margin 67%, +4ppts

     o    Distribution expansion            100+ store remodels
                                            Market expansion
                                            Wholesale - QVC, Benchmark,
                                                        SleepTrain

******************************************************************************


Slide 8
******************************************************************************

SALES GROWTH POTENTIAL - 15% TO 25% ANNUALLY

     o    Industry growth 5%+

     o    Share growth - double share by 2005
          -    Marketing/Awareness building
          -    Product introduction/innovation
          -    Distribution expansion

     o    Additional opportunities
          -    Product expansion
          -    International expansion

******************************************************************************





                                       5
<PAGE>

Slide 9
******************************************************************************

TARGET:  NET INCOME 5-7% OF NET SALES BY 2005

                                       JULY-DEC          2005
                                         2001           TARGET
                                     ------------    ------------

                                            % of Net Sales

       Gross Margin                      67.0           60 - 67

       Operating Margin                   1.7            8 - 12

       Net Income                         1.0            5 - 7


******************************************************************************

     The  information  presented at the Annual Meeting of  Shareholders  is also
available  at the investor  relations  section of the  registrant's  web site at
selectcomfort.com.  The  information  included in this  report  that  relates to
future plans,  events,  goals, or targeted  financial results or performance are
forward-looking  statements that are subject to certain risks and  uncertainties
including,  among others,  such factors as general and industry economic trends,
consumer  confidence,  effectiveness  and  efficiency  of  our  advertising  and
promotional  efforts,  consumer acceptance of our products and sleep technology,
industry competition, our dependence on significant suppliers,  including United
Parcel  Service (UPS) for delivery of our sleep systems and Conseco  Finance for
extension of consumer  credit,  and the  vulnerability  of any such suppliers to
recessionary pressures, labor negotiations, liquidity concerns or other factors,
the potential  dilution from the issuance of additional  shares from  financings
completed  in  2001  and  our  ability  to  maintain   compliance  with  listing
requirements of NASDAQ,  as well as the risk factors listed from time to time in
the company's filings with the Securities and Exchange Commission, including the
company's Annual Report on Form 10-K and other reports filed with the Securities
and Exchange Commission.  The registrant has no obligation to publicly update or
revise  any of the  forward-looking  statements  that  may be  included  in this
report.




                                       6
<PAGE>

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            SELECT COMFORT CORPORATION
                                            (Registrant)


Dated:  May 16, 2002                 By            /s/ Mark A. Kimball
                                       -----------------------------------------

                                     Title:        Senior Vice President
                                           -------------------------------------





                                       7
<PAGE>
[{"type": "8-K", "sequence": "1", "filename": "a2002_pressrelease.txt", "description": "2002 PRESS RELEASE", "secsgml_size_bytes": 9130}]
{"company-data": {"conformed-name": "SELECT COMFORT CORP", "cik": "0000827187", "assigned-sic": "2510", "irs-number": "410157886", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25121", "film-number": "02655251"}, "business-address": {"street1": "6105 TRENTON LANE NORTH", "city": "MINNEAPOLIS", "state": "MN", "zip": "55442", "phone": "7635517000"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):         MAY 16, 2002

                           SELECT COMFORT CORPORATION
             (Exact name of registrant as specified in its charter)

       MINNESOTA                   0-25121                41-1597886
(State of Incorporation)      (Commission File           (IRS Employer
                                      Number)             Identification No.)

       6105 TRENTON LANE NORTH
       MINNEAPOLIS, MINNESOTA                      55442
     (Address of principal                       (Zip Code)
            executive offices)

Registrant's telephone number, including area code: (763) 551-7000
ITEM 9.  REGULATION FD DISCLOSURE.

     On May 15, 2002, the registrant presented the following  information at the
Select Comfort Corporation Annual Meeting of Shareholders:

Slide 1
******************************************************************************

TURN AROUND COMPLETE - SEIZING THE GROWTH OPPORTUNITY

     o    Return to profitability

     o    Reestablished balance sheet strength

     o    Initiated programs for growth

******************************************************************************

Slide 2
******************************************************************************

STRATEGIES - ESTABLISHED IN 2000 AND WORKING

Four strategies to capture profit and growth opportunity

     1.   Continuing cost control

     2.   Building awareness

     3.   Expanding distribution

     4.   Re-emphasizing innovation

******************************************************************************

                                       2
Slide 3
******************************************************************************

EXECUTING TO PLAN. . .  DELIVERING RESULTS

     o    Closed 40 stores, office and plant
                                                            [graphic omitted]
     o    Staffing reduced - G&A, selling structure

     o    Returns and promotional costs reduced

     o    Product quality improvements

                      BREAK-EVEN REDUCED BY 20%

                                BREAKEVEN 2000     BREAKEVEN 2002
       Annual Units (000's)           280                210

******************************************************************************

Slide 4
******************************************************************************

EXECUTING TO PLAN -- DELIVERING REAL GROWTH

     o    Awareness
          -    Sleep Number(R) brand introduced

     o    Distribution                               SALES TREND BUILDING
          -    Retail execution improved             [graphic omitted]
          -    Factory Direct introduced
          -    Website improved
          -    QVC and Wholesale
               launched

     o    Product Innovation
          -    Quality
          -    Performance
          -    New features

                            Q1 '01    Q2 '01     Q3 '01    Q4 '01    Q1 '02
Net Sales (in Millions)     $65.5     $62.7      $64.1     $69.3     $81.1
% +/-                       (14.1)%     1.5%      -5.7%      8.2%     24.0%

******************************************************************************

                                       3
Slide 5
******************************************************************************

SOLID FINANCIAL BASE AND FOUNDATION OF CONSISTENT PERFORMANCE

        RETURN TO PROFIT                    REBUILT CASH POSITION
        [graphic omitted]                   [graphic omitted]

     (in Millions)       Q1 '01    Q2 '01   Q3 '01   Q4 '01    Q1 '02
Net Income               ($9.8)    ($3.5)    $0.2     $1.1      $3.2

     (in Millions)       Q1 '01    Q2 '01   Q3 '01   Q4 '01    Q1 '02
Cash                      $4.5      $8.8    $15.4    $16.4     $25.6
EBITDA                   ($7.2)    ($0.9)    $3.0     $3.9      $5.9

******************************************************************************

Slide 6
******************************************************************************

DELIVERING RESULTS AND BUILDING MOMENTUM

     First quarter 2002:

     o    24% sales increase - growth in all channels

     o    $13+ million improvement to $3.2 million net income

     o    $1.4 million net income - rolling 12 months

******************************************************************************

                                       4
Slide 7
******************************************************************************

BUILD ON GROWTH - LEVERAGE OUR PROFIT MODEL IN 2002

     o    Marketing/Media                   Media spend          +16%
                                            National TV media    +68%

     o    Product improvement               Mix improvement, ASP +11%
                                            Gross margin 67%, +4ppts

     o    Distribution expansion            100+ store remodels
                                            Market expansion
                                            Wholesale - QVC, Benchmark,
                                                        SleepTrain

******************************************************************************

Slide 8
******************************************************************************

SALES GROWTH POTENTIAL - 15% TO 25% ANNUALLY

     o    Industry growth 5%+

     o    Share growth - double share by 2005
          -    Marketing/Awareness building
          -    Product introduction/innovation
          -    Distribution expansion

     o    Additional opportunities
          -    Product expansion
          -    International expansion

******************************************************************************

                                       5
Slide 9
******************************************************************************

TARGET:  NET INCOME 5-7% OF NET SALES BY 2005

                                       JULY-DEC          2005
                                         2001           TARGET
                                     ------------    ------------

                                            % of Net Sales

       Gross Margin                      67.0           60 - 67

       Operating Margin                   1.7            8 - 12

       Net Income                         1.0            5 - 7

******************************************************************************

     The  information  presented at the Annual Meeting of  Shareholders  is also
available  at the investor  relations  section of the  registrant's  web site at
selectcomfort.com.  The  information  included in this  report  that  relates to
future plans,  events,  goals, or targeted  financial results or performance are
forward-looking  statements that are subject to certain risks and  uncertainties
including,  among others,  such factors as general and industry economic trends,
consumer  confidence,  effectiveness  and  efficiency  of  our  advertising  and
promotional  efforts,  consumer acceptance of our products and sleep technology,
industry competition, our dependence on significant suppliers,  including United
Parcel  Service (UPS) for delivery of our sleep systems and Conseco  Finance for
extension of consumer  credit,  and the  vulnerability  of any such suppliers to
recessionary pressures, labor negotiations, liquidity concerns or other factors,
the potential  dilution from the issuance of additional  shares from  financings
completed  in  2001  and  our  ability  to  maintain   compliance  with  listing
requirements of NASDAQ,  as well as the risk factors listed from time to time in
the company's filings with the Securities and Exchange Commission, including the
company's Annual Report on Form 10-K and other reports filed with the Securities
and Exchange Commission.  The registrant has no obligation to publicly update or
revise  any of the  forward-looking  statements  that  may be  included  in this
report.

                                       6
SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            SELECT COMFORT CORPORATION
                                            (Registrant)

Dated:  May 16, 2002                 By            /s/ Mark A. Kimball
                                       -----------------------------------------

                                     Title:        Senior Vice President
                                           -------------------------------------

                                       7