Tempur-Pedic International: Amazing Race - 'ZIFFPAGE TITLETempur'
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Tempur-Pedic Base Case
Headquarters: 1713 Jaggie Fox Way, Lexington, KY 40511
Phone: (800) 878-8889
Business: Manufacturer, marketer and distributor of luxury andspecialty mattresses and pillows.
Financials in 2004: $685 million in sales; $75 million in net income; 11% net profit margin.
Challenge: In its first year as a public company, comply withthe tighter financial reporting requirements of the Sarbanes-Oxley Act of 2002.
Baseline Goals:
- Define and document as many as 800 critical internal policies and processes that support the company's financial reporting systems by Dec. 31, 2004.
- Automate 50% of these internal controls.
- Obtain certification from external auditors that the company is in compliance with the Sarbanes-Oxley Act.