Current Report Filing (8-k)
March 19 2020 - 4:45PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):
March 16, 2020
Town Sports International Holdings, Inc.
|
(Exact Name of Registrant as Specified in Its Charter)
|
|
|
|
Delaware
|
001-36803
|
20-0640002
|
(State or Other Jurisdiction
of Incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
|
|
|
1001 US North Highway 1, Suite 201, Jupiter, Florida
|
33477
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
|
|
399 Executive Boulevard, Elmsford, New York
|
10523
|
|
|
Registrant’s Telephone Number, Including Area Code:
(212) 246-6700
|
(Former Name or Former Address, If Changed Since Last Report)
|
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
☐ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
|
Trading Symbol(s)
|
Name of Each Exchange on Which Registered
|
Common stock, $0.001 par value per share
|
CLUB
|
Nasdaq Global Market
|
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if
the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|
Item 5.02
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
|
On March 16, 2020, Thomas J. Galligan III notified Town Sports
International Holdings, Inc. (the “Company”) of his resignation as a member of the Company’s Board of Directors
(the “Board”). The resignation of Mr. Galligan is effective immediately, and was not due to any disagreement with the
Company on any matter relating to the Company’s operations, policies or practices. The Board has appointed current director
Spencer Wells to serve as Mr. Galligan’s replacement as chair of the Board’s Audit Committee with immediate effect.
On March 16, 2020,
the Company was forced to close to the public approximately 95% of its locations pursuant to the exercise of emergency executive authority invoked by state and local governments in order to
combat the spread of the coronavirus pandemic. The Company informed all non-executive employees working at locations that have
been ordered to close that their employment with the Company has been terminated with immediate effect.
SIGNATURE
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 thereunto duly authorized.
|
|
|
|
|
TOWN SPORTS INTERNATIONAL HOLDINGS, INC.
|
|
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
Date:
|
March 19, 2020
|
|
By:
|
|
/s/ Patrick Walsh
|
|
|
|
|
|
Patrick Walsh
|
|
|
|
|
|
Chairman and Chief Executive Officer
|
Town Sports (NASDAQ:CLUB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Town Sports (NASDAQ:CLUB)
Historical Stock Chart
From Apr 2023 to Apr 2024