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: December 14, 2005
(Date of earliest event reported)
CLUBCORP, INC.
(Exact name of issuer of the securities held pursuant to the plan)
Commission File Numbers 33-89818, 33-96568, 333-08041, 333-57107, 333-52612 and 333-110521
| | |
| Delaware | | 75-2778488 |
(State or other jurisdiction of incorporation) | | (I.R.S. Employer Identification No.) |
3030 LBJ Freeway, Suite 600
Dallas, Texas 75234
(Address of principal executive offices, including Zip Code)
(972) 243-6191
(Registrant’s telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events
On December 14, 2005, Aliso Viejo Golf Club joint venture and Aliso Viejo Commercial Property joint venture, wholly-owned subsidiaries of ClubCorp, Inc. (ClubCorp), completed a sale of land to be used for the development of a master-planned residential community. ClubCorp will develop and manage a city-owned community conference center, an aquatic facility, and a park on the land. In addition, ClubCorp plans to develop a new clubhouse at Aliso Viejo which it will own and operate along with a reconfigured 18-hole golf course. ClubCorp received net cash proceeds of approximately $86.5 million after funding required escrows and paying various costs. The proceeds from this sale have been used to increase ClubCorp’s cash reserves.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CLUBCORP, INC.
| | |
| By: | | /s/ Jeffrey P. Mayer
|
| | | Jeffrey P. Mayer |
| | | Chief Financial Officer |
| | | ClubCorp, Inc. |
| |
| Date: | | January 18, 2006 |
