<PAGE> 1
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) FEBRUARY 11, 2000
THE SPORTS CLUB COMPANY, INC.
Delaware 1-13290 95-4479735
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) 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
Index of Exhibits on Page 2
Page 1 of 2
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ITEM 5. OTHER EVENTS
On February 11, 2000, The Company announced that the Company has
accepted the resignation of John M. Gibbons as President and Chief Executive
Officer, and as a member of the Board of Directors and has named D. Michael
Talla and Rex A. Licklider as interim Co-Chief Executive Officers.
On February 16, 2000, The Company announced the opening of New York's
The Sports Club/LA at Rockefeller Center.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
1. Press Release dated February 11, 2000.
2. Press Release dated February 16, 2000.
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
-----------------------------
Timothy O'Brien
Chief Financial Officer
FEBRUARY 23, 2000
Page 2 of 2
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EXHIBIT 99.1
[LOGO]
[THE SPORTS CLUB COMPANY LETTERHEAD]
For Immediate Release: Contact: Lois Barberio
- --------------------- ------- Corporate Secretary
(310) 479-5200
SPORTS CLUB COMPANY APPOINTS
NEW CO-CHIEF EXECUTIVE OFFICERS
LOS ANGELES, CA. (February 11, 2000) - The Sports Club Company, Inc. (AMEX: SCY)
today announced that the Company has accepted the resignation of John M. Gibbons
as President and Chief Executive Officer, and has named D. Michael Talla and Rex
A. Licklider as interim Co-Chief Executive Officers. Mr. Talla, a co-founder of
the Company, has served as Chairman of the Board of Directors since 1994 and
served as Chief Executive Officer until July 1999. Mr. Licklider has served as
Vice Chairman of the Board of Directors and as a strategic advisor to the
Company since 1994. Messrs. Talla and Licklider are the two largest individual
shareholders of the Company. The Company has no immediate plan to hire an
additional executive officer.
Mr. Talla praised Mr. Gibbons' nearly six years of service to the Company citing
its growth and financial performance during that time. "John has been a
successful leader and has been instrumental in the growth of our Company,"
commented Mr. Talla.
Mr. Gibbons said that he was leaving the Company to pursue entrepreneurial
opportunities. "I am proud to have played a role in developing the Company into
a recognized leader in the fitness business. I will miss the team that has
worked so hard to make the Company a success. Their dedication is one reason I
plan to continue as an investor in the Company."
A leader in the sports and fitness industry since 1979, The Sports Club Company
develops, owns and operates luxury sports and fitness complexes throughout the
country under The Sports Club/LA name, including its flagship property The
Sports Club/LA in Los Angeles and Reebok Sports Club/NY in Manhattan.
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EXHIBIT 99.2
[LOGO]
[THE SPORTS CLUB COMPANY LETTERHEAD]
For Immediate Release: Contact: Lois Barberio
- --------------------- ------- Corporate Secretary
(310) 479-5200
THE SPORTS CLUB COMPANY ANNOUNCES
OPENING OF NEW YORK'S THE SPORTS CLUB/LA
Los Angeles, CA (February 16, 2000) - The Sports Club Company, Inc. (AMEX: SCY)
today announced the opening of New York's The Sports Club/LA at Rockefeller
Center. The 90,000 square foot Club at 630 Fifth Avenue offers an unprecedented
state-of-the-art fitness environment, including a 12,000 square foot fully
equipped gym, a 4,000 square foot Cardiovascular Center, a Flexibility/Balance
Center, award-winning group exercise programs including REV cycling, Pilates and
BodyMind classes, Club Concierge, The Sports Club/LA Splash cityspa offering the
best in day spa and salon services, and Pulse Bar and Grill overlooking the
skating rink in Rockefeller Plaza.
The Sports Club/LA debuts the Company's second luxury club in New York with the
third - The Sports Club/LA on the Upper East Side - to open later this year.
Additionally, The Sports Club/LA is currently under construction in Washington
D.C., Boston and San Francisco.
The Sports Club Company is the premier operator of five-star sports and fitness
complexes in the country, including its flagship property The Sports Club/LA in
Los Angeles, and Reebok Sports Club/NY in Manhattan.
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