Akradi Sells More Than Half a Million Shares of Life Time Fitness Stock
CHANHASSEN, MN -- Shares of Life Time Fitness stock fell to an all-time low after a margin loan call on Thursday forced Life Time CEO Bahram Akradi to sell 582,000 of his shares, worth $11 million and making up about 13 percent of Akradi’s entire direct holdings in the company....
Lifetime Membership Case Gets Approval in Tennessee
Knoxville, TN A Knox County (TN) court approved a settlement brought in a class-action lawsuit against fitness club Court South regarding lifetime memberships...
Lifetime Membership Settlement Approved in Tennessee
KNOXVILLE, TN -- A Knox County (TN) court recently approved a settlement brought in a class-action lawsuit against fitness club Court South regarding “lifetime” memberships at the club, the Knoxville News Sentinel reports....
Life Time's Earnings Surge During Tough Economic Times
Chanhassen, MN Despite the continued struggles of the economy that have affected most of the club industry, Life Time Fitness, Chanhassen, MN, continues...
Life Time Surging During Tough Economic Times
CHANHASSEN, MN -- Despite the continued struggles of the economy that has affected most of the club industry, Life Time Fitness continues to experience steady growth, reflected in the second-quarter results that the company announced today....
Life Time Fitness Triathlon Set for Saturday
CHANHASSEN, MN -- The Life Time Fitness Triathlon will be held Saturday in Minneapolis and will include 11 triathletes who have qualified for next month’s Summer Olympics in Beijing. The event marks the start of the 2008 Life Time Fitness Triathlon Series Race to the Toyota Cup, which offers a $1.45 million purse....
Life Time Announces Financing For Corporate HQ, Kansas Club
Chanhassen, Mn Last month, Life Time Fitness received some capital to help with its growth strategy. The company announced a new $34 million credit facility...
Life Time Increases Credit Capabilities
CHANHASSEN, MN -- Life Time Fitness announced Wednesday a new $34 million credit facility to provide permanent financing for its corporate headquarters in Chanhassen, MN, and a fitness club in Overland Park, KS....
Boy Dies After Drowning at Life Time Pool
AUSTIN, TX -- A 4-year-old boy died Saturday after he drowned the day before in a Life Time Fitness swimming pool....
Life Time's First-Quarter Profit 23 Percent Higher Than in 2007
Chanhassen, MN Life Time Fitness founder and CEO Bahram Akradi said at the company's annual shareholders meeting that he wants to focus on improving the...
Akradi: Life Time Needs to Improve Member Communication
CHANHASSEN, MN -- Life Time Fitness founder and CEO Bahram Akradi said today at the company’s annual shareholders meeting that he wants to focus on improving the company’s communication process to its members....
No Salary, Just Stock for Akradi in 2008
Chanhassen, Mn Bahram Akradi, CEO of Life Time Fitness, Chanhassen, MN, will forgo his $926,667 cash salary and his cash incentive compensation this year,...
Life Time’s Akradi Gives Up His Salary
CHANHASSEN, MN -- Bahram Akradi, CEO of Life Time Fitness, Chanhassen, MN, announced last week that he would forgo his cash salary and cash incentive compensation this year, and this week, the compensation committee of the company’s board approved his decision. Instead, Akradi will receive his entire 2008 compensation in the form of restricted stock. The move is Akradi’s effort to demonstrate his confidence in the value of the company....
Life Time Reports 28 Percent Growth, Expects Less in 2008
Chanhassen, Mn Despite announcing late last month a 22.8 percent revenue growth in the fourth quarter 2007 and 28.1 percent revenue growth for the year...
Life Time Reports 28 Percent Revenue Increase
CHANHASSEN, MN -- Life Time Fitness reported 22.8 percent revenue growth in the fourth quarter of last year and 28.1 percent revenue growth for the year, according to a statement from the company released today. Fourth quarter 2007 revenue was $171.1 million, up from $139.3 million during the same period in 2006. Revenue for the year was $655.8 million, up from $511.9 million in 2006. Memberships grew 12.5 percent in 2007 to 499,092....
