UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)
The Sports Club Company, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
84917P10
--------------------------------------------------------------------------------
(CUSIP Number)
Eric R. Landau, Esq.
Paul Hastings Janofsky & Walker LLP
Park Avenue Tower
75 East 55th Street
(212) 318-6000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 19, 2004
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. |_|
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Page 1 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Partners LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
2,253,863
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
2,253,863
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9(1)%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
___________________________
1 Based on 18,418,714 shares of common stock, par value $0.01 per share, of
The Sports Club Company, Inc., a Delaware corporation (the "Issuer"),
outstanding at November 12, 2003 as reported in the Issuer's Quarterly
Report on Form 10-Q for the quarter ended September 30, 2003; and (b) the
Issuer's issuance of 2,000 shares of series C convertible preferred stock
to MDP Ventures II LLC on September 6, 2002, which shares are presently
convertible by MDP Ventures II LLC into 666,667 shares of the Issuer's
common stock.
(Page 2 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Partners Management LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
2,253,863
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
2,253,863
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
(Page 3 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Manager I, Inc.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
2,253,863
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
2,253,863
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
(Page 4 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Christopher M. Jeffries
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
United States
--------------------------------------------------------------------------------
(7) Sole Voting Power
6,865,050
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
6,865,050
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
(Page 5 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Entertainment Partners L.P.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
625,000
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
625,000
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
(Page 6 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Entertainment Associates L.P.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
625,000
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
625,000
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
(Page 7 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Entertainment Corp.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
625,000
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
625,000
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
(Page 8 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
MDP Ventures I LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
72,100
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
72,100
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
(Page 9 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Development Partners L.P.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
1,051,000
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
1,051,000
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
(Page 10 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Development Associates L.P.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
1,051,000
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
72,100
----------------------------------------------------------
(10) Shared Dispositive Power
978,900
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
(Page 11 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Limited Partners L.P.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
0
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
0
----------------------------------------------------------
(10) Shared Dispositive Power
978,900
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
(Page 12 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Development Corp.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
1,051,000
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
1,051,000
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
(Page 13 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
MDP Ventures II LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
New York
--------------------------------------------------------------------------------
(7) Sole Voting Power
2,935,187
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
2,935,187
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
(Page 14 of 25)
CUSIP No. 84917P10
--------------------------------------------------------------------------------
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Millennium Development Partners II LLC
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) |X|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
See Item 3.
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) |_|
--------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
(7) Sole Voting Power
2,935,187
----------------------------------------------------------
Number of Shares (8) Shared Voting Power
Beneficially Owned 0
by Each Reporting ----------------------------------------------------------
Person With (9) Sole Dispositive Power
2,935,187
----------------------------------------------------------
(10) Shared Dispositive Power
0
--------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,865,050
--------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
35.9%
--------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
OO
--------------------------------------------------------------------------------
(Page 15 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
The Schedule 13D filed with the Securities and Exchange Commission (the
"Commission") on July 1, 1997 by Millennium Entertainment Partners L.P., a New
York limited partnership ("MEP LP"), and Millennium Entertainment Associates
L.P., a New York limited partnership ("MEA LP"), relating to shares of common
stock, par value $0.01 per share, of The Sports Club Company, Inc., as amended
on August 11, 1997 to, among other things, add Millennium Partners LLC, a New
York limited liability company ("MPL"), Brian J. Collins, a citizen of the
United States of America ("BJC"), Millennium Development Partners L.P., a New
York limited partnership ("MDP LP"), Millennium Development Associates LP, a New
York limited partnership ("MDA LP"), Millennium Development Corp., a New York
corporation ("MD Corp.") and Christopher M. Jeffries, a citizen of the United
States of America ("CMJ"), as additional reporting persons, and as further
amended on November 7, 1997, January 13, 1998, August 12, 1998, October 23,
1998, and as further amended on September 21, 1999, to, among other things, add
Millennium Partners Management LLC, a New York limited liability company ("MPM
LLC"), Millennium Manager I, Inc., a New York corporation ("MMI"), Millennium
Entertainment Corp., a New York corporation ("ME Corp."), MDP Ventures I LLC, a
New York limited liability company ("MDP Ventures I"), MDP Ventures II LLC, a
New York limited liability company ("MDP Ventures II"), Millennium Limited
Partners L.P., a New York limited partnership ("MLP LP") and Millennium
Development Partners II LLC, a Delaware limited liability company ("MDP II
LLC"), as reporting persons, and as further amended on February 2, 2001 to
report additional acquisitions of Common Stock (as defined herein) of the Issuer
(as defined herein), and as further amended on December 12, 2002 to report
additional acquisitions of Common Stock and preferred stock of the Issuer
convertible into Common Stock, and as further amended on April 3, 2003 to report
additional acquisitions of Common Stock and the transactions contemplated by the
Term Sheet (the "Original Term Sheet"), dated March 31, 2003, by and among MPL,
MEP LP, MDP Ventures I, MDP Ventures II and MDP LP (collectively, the "Reporting
Person Parties"), Palisade Concentrated Equity Partnership, L.P. ("Palisade"),
Rex Licklider ("Licklider"), David Michael Talla ("Talla") and Kayne Anderson
Capital Advisors L.P. ("Kayne"), and as further amended on April 16, 2003 to
report additional shares of Common Stock owned by BJC and that the Reporting
Person Parties had entered into an Amended and Restated Term Sheet (the "Amended
and Restated Term Sheet"), amending and restating the Original Term Sheet, dated
as of April 9, 2003, with Palisade, Licklider, Talla and Kayne, as further
amended on October 23, 2003 to report that the Reporting Person Parties had
abandoned the transactions contemplated by the Amended and Restated Term Sheet,
is hereby amended to report that BJC has withdrawn from the Reporting Person
group and the transactions contemplated by the New Term Sheet (as defined
below).
Item 1. Security and Issuer
No amendments or supplements.
Item 2. Identity and Background
The following information amends and supplements Item 2.
This statement is being filed by MEP LP, MEA LP, MPL, MDP LP, MDA LP,
MD Corp., CMJ, MPM LLC, MMI, ME Corp., MDP Ventures I, MDP Ventures II, MLP LP
and MDP II LLC (collectively, the "Reporting Persons"). There have been no
changes in the background, occupations or addresses of the each of the Reporting
Persons since the filing of the
(Page 16 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
last Schedule 13D Amendment to which this filing is an amendment, except that
BJC has withdrawn from the Reporting Person group.
Item 3. Source and Amount of Funds or Other Consideration
No amendments or supplements.
Item 4. Purpose of Transaction
The following information amends and restates Item 4:
Pursuant to the Letter Agreement dated March 13, 1997, as amended by the
Letter Agreement dated June 10, 1997 (as so amended, the "Letter Agreement") by
and between MEP LP and the Issuer, MEP LP agreed to purchase an aggregate of
2,105,263 shares of Common Stock. Pursuant to the Agreement of Transfer dated as
of June 20, 1997 between MPL and MEP LP (the "Transfer Agreement"), simultaneous
with its acquisition of Common Stock, MEP LP assigned to MPL 1,052,632 shares of
Common Stock in exchange for $5,000,000.00 in cash payable at the direction of
MEP LP.
Pursuant to the Letter Agreement, MEP LP has the right to cause the
Issuer to include in any registration of the securities of the Issuer under the
Securities Act of 1933, as amended (the "Securities Act") (other than a
registration of shares relating to an employee benefit plan or a transaction
pursuant to Rule 145 under the Securities Act) effected by the Issuer such
number of shares as MEP LP shall request, subject to underwriter cutbacks.
In addition, pursuant to the Letter Agreement, for so long as MEP LP
shall have at least a 10% interest in Equity Securities (as defined in the
Letter Agreement) of the Issuer, if the Issuer shall issue any additional Equity
Securities, MEP LP shall have the right to purchase, at a price equal to the
proposed offering price, an amount of such Equity Securities so that MEP LP may
maintain its current ownership percentage of Equity Securities.
On June 24, 1997, pursuant to the Letter Agreement, a designee of MEP LP
was appointed as a Class 2 Director of the Issuer and so long as MEP LP
maintains at least a 12% interest in the Equity Securities of the Issuer: (i)
upon the expiration of the term of such designee, the Issuer shall include and
support a designee of MEP LP as one of management's nominees for the board of
directors of the Issuer, and (ii) upon the termination of such designee's
services as a director other than upon the expiration of term of office, the
Issuer shall appoint in his place a replacement designee of MEP LP. In addition,
two principals of the Issuer agree to vote Equity Securities which they own (or
with respect to which they have the power to direct the vote) in an amount
sufficient to elect such designee of MEP LP to the board of directors of the
Issuer.
BJC became a director of the Issuer on June 24, 1997. Under Section 141
of the Delaware General Corporation Law, the business of the Issuer is to be
managed by or under the direction of its board of directors.
Pursuant to that certain Preferred Stock Purchase Agreement entered into
as of September 6, 2002 by and among the Issuer, MDP Ventures II and other
investors named therein (the
(Page 17 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
"Preferred Stock Purchase Agreement"), MDP Ventures II purchased 2,000 shares of
the Issuer's series C convertible preferred stock (the "Series C Preferred
Stock") from the Issuer on September 6, 2002 for an aggregate purchase price of
$2,000,000.00. Each share of the Series C Preferred Stock is convertible at the
option of its holder at any time into one share of Common Stock at a conversion
price of $3.00 per share (subject to adjustment under certain circumstances).
The Series C Preferred Stock entitles each holder thereof to one vote
for each share of Common Stock into which such Series C Preferred Stock in
convertible and dividends at an annual rate of $90.00 per share. Dividends are
cumulative, do not accrue interest and, at the Issuer's option, may be paid in
additional shares of the Series C Preferred Stock.
With respect to dividend rights and rights in the event of the
liquidation or dissolution of the Issuer, the Series C Preferred Stock ranks
senior to the Common Stock and pari passu with the Issuer's series B convertible
preferred stock (the "Series B Preferred Stock"). The Issuer is prohibited from
issuing any capital stock that ranks senior to, or pari passu with, the Series C
Preferred Stock without the consent of the holders of eighty-one percent (81%)
of the outstanding shares of the Series C Preferred Stock.
Upon the liquidation or dissolution of the Issuer, holders of the Series
C Preferred Stock are entitled to receive, prior to any distribution to any
other stockholder other than the holders of the Series B Preferred Stock, a
liquidation amount equal to $1,000.00 per share (subject to adjustment under
certain circumstances), together with all accrued and unpaid dividends with
respect to such shares.
The Issuer may redeem, in whole or in part, the outstanding shares of
the Series C Preferred Stock at a redemption price equal to $1,000.00 per share,
together with all accrued and unpaid dividends with respect to such shares.
In connection with MDP Ventures II's acquisition of its shares of the
Series C Preferred Stock, the Issuer, MDP Ventures II and the other investors in
the Series C Preferred Stock (collectively, the "Investors") entered into that
certain Investors' Rights Agreement dated as of September 6, 2002 (the
"Investors' Rights Agreement"), which agreement governs, among other things, the
right of the Investors to cause the Issuer to register under the Securities Act
the shares of Common Stock into which their Series C Preferred Stock is
convertible.
The Reporting Persons, in the aggregate, are the beneficial owners of
6,865,050 shares of Common Stock. At each respective time of purchase or other
acquisition, the purchasing/acquiring Reporting Person purchased/acquired the
subject shares of Common Stock for investment purposes.
The Reporting Person Parties have agreed to make an investment in the
Issuer in accordance with the terms set forth in a non-binding Term Sheet (the
"New Term Sheet") agreed to with Licklider and Kayne. Licklider and Kayne are
referred to herein as the "13D Parties". The Reporting Person Parties and the
13D Parties are referred to herein as the "New Term Sheet Parties." Licklider
and Kayne are significant beneficial owners of the Issuer's Common Stock and
have filed either a Schedule 13D or Schedule 13G pursuant to the Act. The New
Term Sheet sets forth a non-binding plan for the New Term Sheet Parties to
consummate a transaction
(Page 18 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
whereby the New Term Sheet Parties will purchase an aggregate of 65,000 shares
of series D convertible preferred stock (the "Series D Preferred") of the Issuer
at $100 per share. The Reporting Person Parties will purchase an aggregate of
45,000 shares of the Series D Preferred. The New Term Sheet also sets forth
certain rights and obligations of the New Term Sheet Parties with respect to the
Issuer following the consummation of the transactions contemplated by the New
Term Sheet. The transactions contemplated by the New Term Sheet are subject to a
number of significant conditions precedent as set forth in the New Term Sheet.
The Issuer is not bound by the provisions of the New Term Sheet, which
previously formed a Special Committee of its Board of Directors to investigate
various strategic alternatives for the Issuer, including the possibility of a
"going private" transaction and exploring alternatives to any such proposed
"going private" transaction. As a result of the New Term Sheet, the Reporting
Persons may be deemed to have formed a "group" with the 13D Parties for purposes
of Section 13(d) of the Act and the rules and regulations promulgated
thereunder. Accordingly, each of the Reporting Persons may be deemed to be the
beneficial owner of the shares of the Issuer's Common Stock beneficially owned
by the 13D Parties as reported on their respective Schedule 13D or Schedule 13G.
Each of the Reporting Persons expressly disclaims beneficial ownership of the
Issuer's Common Stock beneficially owned by the 13D Parties. Additionally, each
Reporting Person expressly disclaims any assertion or presumption that such
Reporting Person and the 13D Parties constitute a "group."
Except as described above in this Item 4 and below in Item 6, none of
the Reporting Persons has any plans or proposals that relate to or would result
in any of the actions or events specified in clauses (a) through (j) of Item 4
of Schedule 13D. Notwithstanding the foregoing, the Reporting Persons may
determine to change their investment intent with respect to the Issuer at any
time in the future. The Reporting Persons intend to vote their respective shares
of Common Stock and Series C Preferred Stock as each deems appropriate from time
to time. In determining from time to time whether to sell their shares of Common
Stock or Series C Preferred Stock (and in what amounts) or to retain such
shares, the applicable Reporting Persons will take into consideration such
factors as they deem relevant, including the business and prospects of the
Issuer, anticipated future developments concerning the Issuer, existing and
anticipated market conditions from time to time, general economic conditions,
and other opportunities available to the Reporting Persons. Each of the
Reporting Persons reserves the right to acquire additional securities of the
Issuer in the open market, in privately negotiated transactions (which may be
with the Issuer or with third parties) or otherwise, to dispose of all or a
portion of its holdings of securities of the Issuer or to change their intention
with respect to any or all of the matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer
The following information amends and supplements Item 2.
(Page 19 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
The stockholdings of the Reporting Persons have been adjusted to reflect
the withdrawal of BJC from the Reporting Persons group. Except for the
subtraction of such shares from the group of remaining Reporting Persons, no
securities of the Issuer have been acquired or disposed of by the remaining
Reporting Persons since the purchases disclosed in Amendment No. 9 to this
Schedule 13D.
Item 6. Contracts, Arrangements, understandings or Relationships With Respect
to Securities of the Issuer
No amendments or supplements.
Item 7. Material to Be Filed as Exhibits
1. Letter Agreement dated March 13, 1997 by and between Millennium
Entertainment Partners L.P. and The Sports Club Company, Inc.*
2. Letter Agreement dated June 10, 1997 by and between Millennium
Entertainment Partners L.P. and The Sports Club Company, Inc.*
3. Agreement of Transfer dated as of June 20, 1997 between
Millennium Partners LLC and Millennium Entertainment Partners
L.P.*
5. Indemnification and Contribution Agreement entered into as of
July 3, 2001 by and among the Sports Club Company, Inc., Rex A.
Licklider, D. Michael Talla and MDP Ventures Ventures II LLC,
incorporated herein by reference to Exhibit 2 to the Issuer's
Report on Form 8-K filed with the Commission on July 17, 2001.*
6. Certificate of Designation of Series C Convertible Preferred
Stock of the Sports Club Company, Inc., incorporated herein by
reference to Exhibit 99.1 to the Issuer's Current Report on Form
8-K filed with the Commission on September 9, 2002.*
7. Investors' Rights Agreement entered into as of September 6, 2002
by and among the Sports Club Company, Inc., MDP Ventures II LLC,
Rex A. Licklider, as trustee of the Licklider Living Trust, and
David M. Talla, as trustee of the Talla Family Irrevocable Trust,
incorporated herein by reference to Exhibit 99.2 to the Issuer's
Current Report on Form 8-K filed with the Commission on September
9, 2002.*
8. Preferred Stock Purchase Agreement entered into as of September
6, 2002 by and among the Sports Club Company, Inc., MDP Ventures
II LLC, Rex A. Licklider, as trustee of the Licklider Living
Trust, and David M. Talla, as trustee of the Talla Family
Irrevocable Trust, incorporated herein by reference to Exhibit
99.3 to the Issuer's Current Report on Form 8-K filed with the
Commission on September 9, 2002.*
(Page 20 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
9. Power of Attorney of Christopher M. Jeffries appointing Philip H.
Lovett Attorney-in-Fact.
(Page 21 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
Schedule I
----------
Name of Individual Position
------------------ --------
Christopher M. Jeffries President, director and majority stockholder of
MMI, ME Corp. and MD Corp; President of MDP
Ventures I, MDP Ventures II and MDP II LLC.
Philip E. Aarons Vice President and director of MMI, ME Corp. and
MD Corp; Vice President of MDP Ventures I, MDP
Ventures II and MDP II LLC.
Philip H. Lovett Vice President and director of MMI, ME Corp. and
MD Corp; Vice President of MDP Ventures I, MDP
Ventures II and MDP II LLC.
Steven L. Hoffman Vice President, Treasurer and Assistant Secretary
of MMI, ME Corp., MD Corp., MDP Ventures I and
MDP II LLC; director of ME Corp.; Vice President
and Assistant Secretary of MDP Ventures II.
George Von Werz Vice President of ME Corp. and MD Corp.
The principal business of each of the above-named persons is the development of
real estate projects. The principal business address of each of the above-named
persons is: c/o Millennium Partners Management LLC; 1995 Broadway; New York, New
York 10023.
(Page 22 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct and agrees that this statement may be
filed jointly with the other undersigned party.
Dated: February 25, 2004 /s/ Philip H. Lovett
-------------------------------------------
PHILIP H. LOVETT
*In his capacity as an attorney-in-fact
pursuant to the Power of Attorney filed
under Item 7 with respect to Christopher M.
Jeffries and in his capacity as an
authorized officer of each of the following
entity Reporting Persons:
By: MILLENNIUM PARTNERS MANAGEMENT,
LLC, its managing member
By: MILLENNIUM MANAGER I, INC.,
its manager
MILLENNIUM PARTNERS MANAGEMENT LLC
By: MILLENNIUM MANAGER I, INC.,
its manager
MILLENNIUM MANAGER I, INC.
MILLENNIUM ENTERTAINMENT PARTNERS L.P.
By: MILLENNIUM ENTERTAINMENT ASSOCIATES
L.P., its general partner
By: MILLENNIUM ENTERTAINMENT
CORP., its general partner
MILLENNIUM ENTERTAINMENT ASSOCIATES L.P.
By: MILLENNIUM ENTERTAINMENT CORP., its
general partner
(Page 23 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
MILLENNIUM ENTERTAINMENT CORP.
MDP VENTURES I LLC
By: MILLENNIUM DEVELOPMENT PARTNERS
L.P., its managing member
By: MILLENNIUM DEVELOPMENT
ASSOCIATES L.P., its general
partner
By: MILLENNIUM DEVELOPMENT
CORP., its general
partner
MILLENNIUM DEVELOPMENT PARTNERS L.P.
By: MILLENNIUM DEVELOPMENT ASSOCIATES
L.P., its general partner
By: MILLENNIUM DEVELOPMENT
CORP., its general partner
MILLENNIUM DEVELOPMENT ASSOCIATES, L.P.
By: MILLENNIUM DEVELOPMENT CORP., its
general partner
MILLENNIUM LIMITED PARTNERS L.P.
By: MILLENNIUM DEVELOPMENT CORP., its
general partner
MILLENNIUM DEVELOPMENT CORP.
MDP VENTURES II LLC
By: MILLENNIUM DEVELOPMENT PARTNERS II
LLC, its managing member
(Page 24 of 25)
CUSIP No. 84917P10 SCHEDULE 13D-- AMENDMENT NO. 12
MILLENNIUM DEVELOPMENT PARTNERS II LLC
(Page 25 of 25)