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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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) JUNE 7, 1999
THE SPORTS CLUB COMPANY, INC.
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Delaware 1-13290 95-4479735
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Indentification No.)
11100 Santa Monica Boulevard, Suite 300
Los Angeles, California 90025
(address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (310) 479-5200
(Former name or former address, if changed since last report.) Not applicable
Index of Exhibits on Page 2
Page 1 of 2
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ITEM 5. OTHER EVENTS
On June 7, 1999, the Company announced that John M. Gibbons, currently
the Company's president, has been appointed Chief Executive Officer, effective
at the Company's 1999 annual meeting of stockholders, presently scheduled to be
held on July 21, 1999. Mr. Gibbons will succeed founder and current Chief
Executive Officer, D. Michael Talla. Mr. Talla, who the Company's largest
individual stockholder, will continue to be involved with the Company on a
full-time basis as the chairman of the board of directors.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits 1. Press Release dated June 7, 1999.
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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
JUNE 8, 1999
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EXHIBIT 1
NEWS RELEASE
FOR IMMEDIATE RELEASE
[THE SPORTS CLUB COMPANY LOGO]
CONTACT: D. MICHAEL TALLA
CHAIRMAN OF THE BOARD OF DIRECTORS AND
CHIEF EXECUTIVE OFFICER
THE SPORTS CLUB COMPANY, INC.
(310) 479-5200
THE SPORTS CLUB COMPANY, INC.
APPOINTS JOHN M. GIBBONS
TO BE CHIEF EXECUTIVE OFFICER
LOS ANGELES, CA (June 7, 1999) - The Sports Club Company, Inc. (AMEX: SCY) today
announced that John M. Gibbons, currently President of the Company, has been
appointed Chief Executive Officer, effective at the Company's 1999 Annual
Meeting of Stockholders, presently scheduled to be held July 21, 1999. He will
succeed Founder and current Chief Executive Officer, D. Michael Talla. Mr. Talla
is the Company's largest individual stockholder and will continue to be involved
with the Company on a full time basis as the Chairman of the Board of Directors.
"As President of The Sports Club Company, John has brought invaluable managerial
and financial experience to the Company. He has played a key role in the
Company's success and has helped to position the Company for its expansion into
the national marketplace as we open five new Sports Clubs in the next few years.
John's promotion to Chief Executive Officer will free me to focus on new club
development and strategic planning. As Chairman, I will continue to lead the
Board of Directors in carrying out its responsibilities to the Company and its
stockholders," stated D. Michael Talla.
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Mr. Gibbons has been President and Chief Operating Officer of the Company since
July 1995. Mr. Gibbons joined the Company in 1994 as Chief Financial Officer.
Prior to joining the Company Mr. Gibbons held various positions, including
President and General Manager, with Com-Systems, Inc., a publicly-traded
long-distance telecommunications company. He holds a Bachelor of Business
Administration from Notre Dame and a Masters of Business Administration from the
University of Southern California. Mr. Gibbons is a Certified Public Accountant.
The Sports Club Company, Inc. operates upscale sports and fitness clubs under
The Sports Club and Spectrum Club names.
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