ClubCorp Holdings, Inc. (NYSE:MYCC) Files An 8-K Financial Statements and ExhibitsItem 9.01
Financial Statements and Exhibits.
ClubCorp Holdings, Inc. (NYSE:MYCC) Files An 8-K Financial Statements and ExhibitsItem 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
Description |
99.1 |
Press Release issued by ClubCorp Holdings, Inc., dated August 29, 2017. |
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to the proposed merger (the “Merger”) of Merger Sub (as defined below) with and into ClubCorp Holdings, Inc., a Nevada corporation (which we may refer to as “we,” “us,” “our” or the “Company”) on the terms and subject to the conditions set forth in the Agreement and Plan of Merger (the “Merger Agreement”) by and among Constellation Club Parent, Inc., a Delaware corporation (“Parent”), Constellation Club Merger Sub, Inc., a Nevada corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), and the Company, the benefits of the proposed transaction and the anticipated timing of the proposed transaction. Forward-looking statements can be generally identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue” or similar terminology. These statements reflect only the Company’s current expectations and are not guarantees of future performance or results. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such statements. Specific factors that could cause actual results to differ from results contemplated by forward-looking statements include, among others, the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, the inability to complete the Merger due to the failure to obtain stockholder approval for the Merger or the failure to satisfy other conditions to completion of the Merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; risks regarding the failure of Parent to obtain the necessary financing to complete the Merger; risks related to disruption of management’s attention from the Company’s ongoing business operations due to the transaction; the effect of the announcement of the Merger on the Company’s relationships with its members, operating results and business generally; the risk that certain approvals or consents will not be received in a timely manner or that the Merger will not be consummated in a timely manner; the risk of exceeding the expected costs of the Merger; adverse changes in U.S. and non-U.S. governmental laws and regulations; adverse developments in the Company’s relationships with its employees; capital market conditions, including availability of funding sources for us; changes in our credit ratings; risks related to our increased indebtedness, including our ability to meet certain financial covenants in our debt instruments; the risk of litigation, including stockholder litigation in connection with the proposed transaction, and the impact of any adverse legal judgments, fines, penalties, injunctions or settlements; and volatility in the market price of our stock. Therefore, caution should be taken not to place undue reliance on any such forward-looking statements. We assume no obligation (and specifically disclaim any such obligation) to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For additional discussion of potential risks and uncertainties that could impact our results of operations or financial position, refer to Part I, Item 1A. Risk Factors in our Form 10-K for the fiscal year ended December 27, 2016, as amended and Part II, Item 1A. Risk Factors in our Form 10-Q for the quarterly period ended June 13, 2017.
ClubCorp Holdings, Inc. ExhibitEX-99.1 2 pressreleaseexhibit20170828.htm EXHIBIT 99.1 Exhibit Exhibit 99.1ClubCorp Provides Update on Impact of Hurricane HarveyDALLAS,…To view the full exhibit click here
About ClubCorp Holdings, Inc. (NYSE:MYCC)
ClubCorp Holdings, Inc. is a membership-based leisure company. The Company is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s segments include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club operations consist of private country clubs, golf clubs and public golf facilities. The Company’s Business, sports and alumni club operations consist of business clubs, business/sports clubs, sports clubs and alumni clubs. The Company’s portfolio of approximately 210 owned or operated clubs, with over 183,000 memberships, served over 430,000 individual members. Its facilities are located in approximately 30 states of the United States, including California, Georgia, Arizona, Nevada, Colorado, Ohio, Kansas, North Carolina, New York and Florida; the District of Columbia in the United States; Cozumel and Puerto Vallarta in Mexico, and Beijing and Hangzhou in China.