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): October 7, 2003
THE SPORTS CLUB COMPANY, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-13290 95-4479735
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(Commission File Number) (IRS Employer Identification Number)
11100 Santa Monica Boulevard, Suite 300
Los Angeles, California 90025
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(Address of Principal Executive Offices)
Registrant's telephone number, including area
code: 310-479-5200
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Index of Exhibits on Page 3
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Item 5. Other Events and Regulation FD Disclosure
On October 7, 2003, The Sports Club Company, Inc. opened its latest
location, The Sports Club/LA in Beverly Hills, California. The Club, a two-story
40,000 square foot luxury sports and fitness complex located in the heart of the
Beverly Hills retail and commercial district, offers a state-of-the-art
environment, including a 10,000 square foot fully equipped weight training gym,
a 4,000 square foot cardiovascular area with 100 pieces of cardiovascular
training equipment, a Flexibility Center, a Performance Center for functional
training, four group exercise studios offering class selections including
BodyMind, REV(TM), group cycling, Pilates, dance, body sculpting, boxing, muscle
conditioning and more, Oliver Bar and Lounge, and The Sports Club/LA Splash(TM)
cityspa offering the best in day spa destination, spa treatments and services.
All statements in this report other than statements of historical fact are
forward looking statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These statements are based
on management's current expectations and beliefs and are subject to a number of
factors and uncertainties that could cause actual results to differ materially
from those described in this report. The forward looking statements speak only
as of the date of this report, and the Company expressly disclaims any
obligation to release publicly any update or revision to any forward looking
statement contained herein if there are changes in the Company's expectations or
in any events, conditions or circumstances on which any such forward looking
statement is based.
Item 7. Financial Statements and Exhibits
(a) Financial Statements
Not Applicable
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(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
99.1 Company Press Release dated October 8, 2003.
[Remainder of Page Intentionally Left Blank]
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: October 9, 2003 THE SPORTS CLUB COMPANY, INC.
By: /s/ Timothy M. O'Brien
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Timothy M. O'Brien
Chief Financial Officer
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EXHIBIT 99.1
NEWS RELEASE
For Immediate Release CONTACT: Rex A. Licklider
Co-Chief Executive Officer
The Sports Club Company, Inc.
(310) 479-5200
THE SPORTS CLUB COMPANY, INC. ANNOUNCES
THE OPENING OF
THE SPORTS CLUB/LA IN BEVERLY HILLS
LOS ANGELES, CA (October 8, 2003) - The Sports Club Company, Inc. (AMEX:SCY)
today announced the opening of its latest location, The Sports Club/LA in
Beverly Hills, California. The Club, a two-story 40,000 square foot luxury
sports and fitness complex located in the heart of the Beverly Hills retail and
commercial district, offers a state-of-the-art environment, including a 10,000
square foot fully equipped weight training gym, a 4,000 square foot
cardiovascular area with 100 pieces of cardiovascular training equipment, a
Flexibility Center, a Performance Center for functional training, four group
exercise studios offering class selections including BodyMind, REV(TM), group
cycling, Pilates, dance, body sculpting, boxing, muscle conditioning and more,
Oliver Bar and Lounge, and The Sports Club/LA Splash(TM) cityspa offering the
best in day spa destination, spa treatments and services.
"The Sports Club/LA-Beverly Hills will serve the affluent Beverly Hills market
and extend our reach on the greater Westside of Los Angeles. Due to its lower
operating costs and a tremendous market response, we expect this Club to
generate positive cash flow virtually from its first quarter of operation. This
Club may well be the model for future development for the Company," stated Rex
Licklider, Co-Chief Executive Officer.
This press release contains forward-looking statements under the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such
statements include the words "will," "expects," "anticipates," "believes,"
"estimates," "intends," "plans" and similar expressions. Such forward-looking
statements involve numerous known and unknown risks, uncertainties and other
factors that could cause actual results to be
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materially different from those currently anticipated. Such factors are outlined
in the Company's Annual Report on Form 10-K filed with the Securities and
Exchange Commission.
The Sports Club Company, based in Los Angeles, California, currently owns and
operates nine luxury sports and fitness complexes nationwide, including its
flagship property The Sports Club/LA in Los Angeles.
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