SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) April 17, 2000
GRAND COURT LIFESTYLES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21249 22-3423087
(State or other jurisdiction (Commission (IRS Employer
of incorporation or organization) File Number) Identification No.)
2650 North Military Trail, Suite 350, Boca Raton, Florida 33431
(Address of principal executive offices)
Registrant's telephone number, including area code: (561) 997-0323
n/a
(Former name or former address, if changed since last report)
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ITEM 5 - OTHER EVENTS
On April 17, 2000, Grand Court Lifestyles, Inc. issued a press release
announcing the delisting of its Common Stock from the Nasdaq National Market,
effective at the opening of business on April 18, 2000. The information
contained in this press release is incorporated herein by reference and filed as
Exhibit 99 hereto.
ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
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99 Press release dated April 17, 2000
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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, thereto duly authorized.
Dated: April 17, 2000
GRAND COURT LIFESTYLES, INC.
By /s/ Paul Jawin
-------------------------------------
PAUL JAWIN,
Chief Operating Officer
EXHIBIT 99
FOR IMMEDIATE RELEASE
NASDAQ DELISTING OF GRAND COURT LIFESTYLES, INC. COMMON STOCK
-------------------------------------------------------------
BOCA RATON, FLORIDA, April 17, 2000/PR Newswire/ - Grand Court
Lifestyles, Inc., a developer of retirement and long-term care residences, today
announced that it had been informed by The Nasdaq-Amex Market Group that the
Nasdaq Staff had determined to delist the Company's Common Stock from the Nasdaq
National Market, effective at the opening of business on April 18, 2000.
Nasdaq based its determination on several factors, including (1) the
Company's March 20, 2000 filing under Chapter 11 of the United States Bankruptcy
Code, (2) the market value of the Company's Common Stock in the public float was
less than the required $5,000,000, and (3) the bid price for the Company's
Common Stock was less than the required $1.00 per share.
99-1
