Current Report Filing (8-k)
July 16 2020 - 4:22PM
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):
July 14, 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
|
(Mailing Address)
|
(Zip Code)
|
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
July 14, 2020, the Board of Directors of Town Sports International Holdings, Inc. (the “Company”) approved Amendment
No. 2 (the “Amendment”) to the Town Sports International Holdings, Inc. 2018 Management Stock Purchase Plan, as amended
and restated on March 13, 2018, as previously amended by Amendment No. 1 dated June 15, 2019 (as amended, the “MSPP”).
The
changes to the MSPP pursuant to the Amendment approved by the Board of Directors of the Company include, but are not limited to,
revisions to the definition of “Voluntary Holding Period” and to Article V of the MSPP, in order to provide for certain
accelerated matching and vesting entitlements for participants in the MSPP upon a change of control.
The
foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which
is attached hereto as Exhibit 10.1 and incorporated by reference herein.
|
Item 9.01
|
Financial Statements and Exhibits.
|
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: July 15, 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