Tempur-Pedic Tries To Sneak Management Raises Past Investors

We noted recently that Small Cap Watch List and Mid Cap Watch List member Tempur-Pedic (TPX) is on a tear lately. Of course, with that kind of performance the management deserves a raise, and should shout about it rather than try to sneak it into a Friday afternoon (1 day after the agreement) SEC Filing.

On February 8, 2006, the Board of Directors of Tempur-Pedic International Inc. (the “Company”) approved annual salary increases for certain named executive officers of the Company (as defined in Regulation S-K, Item 402(a)(3)) other than the Company’s President and Chief Executive Officer. The Board of Directors also approved the payment of the 2006 bonuses for the executive officers pursuant to the bonus plan in place for 2006.

If they keep up the good work, shareholders will likely pay management every dime they deserve.

TPX 1-yr chart:

Comments

[Jonathan Liss, SA Editor]

With all due respect, you're criticizing management raises that equal under $1 million total for a management team that increased market cap by more than $1 billion in the last 12 months. Surely management deserves something for this accomplishment.

[William Trent]

As I said, "with that kind of performance the management deserves a raise, and should shout about it rather than try to sneak it into a Friday afternoon (1 day after the agreement) SEC Filing."

It is the means, not the end, that I was criticizing.

[Jonathan Liss, SA Editor]

Point taken

[William Trent]

And yours, too. It really is nit-picky to criticize anything at all in this case. Unfortunately, I'm a nit-picker.

[William Trent]

After all, there's a reason "analyst" begins the way it does.