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): May 1, 2008
Town Sports International Holdings, Inc.
(Exact Name of Registrant as Specified in its Charter)
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| Delaware
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000-52013
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20-0640002 |
(State or other Jurisdiction
of Incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.) |
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| 5 Penn Plaza (4th Floor), New York, New York
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10001 |
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240. 14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4))
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| Item 2.02. |
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Results of Operations and Financial Condition |
On
May 1, 2008, Town Sports International Holdings, Inc.
(the “Company”) issued a press release announcing
its results for the first quarter 2008. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
The
information in Item 2.02 on this Current Report on Form 8-K, including the attached exhibit, shall not be
deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liability of that Section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, except as shall be set forth by specific reference in such
filing.
On April 29, 2008, the Board of Directors approved a plan to
repurchase up to an aggregate of $25.0 million of the Company’s common stock.
The repurchases will be made from time to time on the open market
at prevailing market prices, through privately negotiated transactions
as conditions permit, or pursuant to a 10b5-l plan adopted by the
Company which permits the Company to repurchase its shares during periods
in which the company may be in possession of material non-public information.
The repurchase program is expected to continue through
December 31, 2009. The stock repurchase program
may be modified, extended or terminated by the Board of Directors at any time.
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| Item 9.01 |
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Financial Statements and Exhibits |
(d) Exhibits
99.1 Press release dated May 1, 2008