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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 200549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) MARCH 10, 1998
THE SPORTS CLUB COMPANY, INC.
Delaware 1-13290 95-4479735
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
11100 Santa Monica Boulevard, Suite 300
Los Angeles, California 90025
(address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (310) 479-5200
(Former name or former address, if changed since last report.) Not applicable
Page 1 of 3
Index of Exhibits on Page 3.
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ITEM 5. OTHER EVENTS
On March 2, 1998, the Company announced that it has signed a lease
for an 89,000 square foot Sports Club at the International Building in
Rockefeller Center. The Company will develop and operate a full-service sports
and fitness complex comparable to The Sports Club/LA and Reebok Sports Club/NY.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired. Not applicable
(b) Pro Forma Financial Information None
(c) Exhibits Press Release
dated March 2, 1998
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed by the undersigned
hereunto duly authorized.
THE SPORTS CLUB COMPANY, INC.
By: /s/ TIMOTHY O'BRIEN
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Timothy O'Brien
Chief Financial Officer
March 10, 1998
Page 2 of 3.
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EXHIBIT INDEX
Item Description Page
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7(c)(1) Press Release dated March 2, 1998 4
Page 3 of 3.
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[THE SPORTS CLUB COMPANY LETTERHEAD]
NEWS RELEASE
For Immediate Release CONTACT: John M. Gibbons
- --------------------- President and
Chief Operating Officer
The Sports Club Company, Inc.
(310) 479-5200
THE SPORTS CLUB COMPANY ENTERS INTO A LEASE TO DEVELOP
SPORTS AND FITNESS COMPLEX AT
ROCKEFELLER CENTER IN MANHATTAN, NEW YORK
LOS ANGELES, CA (March 2, 1998) -- The Sports Club Company, Inc. (AMEX:SCY)
today announced that it has signed a lease for 89,000 square feet at the
International Building in Rockefeller Center. The Company will develop and
operate a full-service sports and fitness complex comparable to The Sports
Club/LA and Reebok Sports Club/NY.
"Our 'urban country club' concept has been well received in New York and at
The Sports Club/LA, and we look forward to the opportunity to develop and
manage another luxury Sports Club in New York," said D. Michael Talla,
Chairman and Chief Executive Officer. "We believe this site is the best
location in mid-town Manhattan for a Sports Club," concluded Mr. Talla.
The new Club, which is expected to open in the second half of 1999, will offer
a wide variety of fitness options including complete weight training gyms with
state-of-the-art equipment, cardiovascular center, basketball, volleyball,
exercise classes, spin, sports specific and private training programs. The
Club will also offer a variety of other services and amenities including a
full service day-spa, hair salon, cafe' and a grill overlooking the plaza
at Rockefeller Center.
The Sports Club Company operates upscale health and fitness clubs throughout
the country. In addition to The Sports Club/LA and its sister clubs Reebok
Sports Club/NY, The Sports Club/Las Vegas and The Sports Club/Irvine, the
Company operates ten Spectrum Clubs and has other luxury Sports Clubs in
Boston, San Francisco and Washington, D.C. and two other Spectrum Clubs in
Southern California in various stages of development.
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