Thomas Galligan - Town Sports Independent Chairman of the Board

Chairman

Mr. Thomas J. Galligan, III is Lead Independent Director of Company. He has served as a director since March 2007. Mr. Galligan previously served as our Chairman of the Board from March 2010 to February 2015. Mr. Galligan served as Executive Chairman and a member of the board of directors of Papa Ginos Holdings Corporationration from April 2009 to February 2014. From October 2008 to March 2009, Mr. Galligan was Chairman and Chief Executive Officer of Papa Ginos, and from May 1996 to October 2008, he was Chairman, Chief Executive Officer and President. Prior to joining Papa Ginos in March 1995 as Executive Vice President, Mr. Galligan held executive positions at Morse Shoe, Inc. and PepsiCo, Inc. Mr. Galligan is currently a director of HE Equipment Services, Inc. and three private companies. since 2015.
Age 73
Tenure 9 years
Phone914 347-4009
Webwww.townsportsinternational.com
Galligan is currently a director of Bay State Milling Co., Delta Services of Massachusetts and H&E Equipment Services, Inc.

Town Sports Management Efficiency

The company has return on total asset (ROA) of (1.25) % which means that it has lost $1.25 on every $100 spent on assets. This is way below average. Town Sports' management efficiency ratios could be used to measure how well Town Sports manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 790.75 M in liabilities. Town Sports International has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Town Sports until it has trouble settling it off, either with new capital or with free cash flow. So, Town Sports' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Town Sports International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Town to invest in growth at high rates of return. When we think about Town Sports' use of debt, we should always consider it together with cash and equity.

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Town Sports International Holdings, Inc., together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company was founded in 1973 and is based in Jupiter, Florida. Town Sports operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 1900 people. Town Sports International (CLUB) is traded on NASDAQ Exchange in USA and employs 1,900 people.

Management Performance

Town Sports International Leadership Team

Elected by the shareholders, the Town Sports' board of directors comprises two types of representatives: Town Sports inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Town. The board's role is to monitor Town Sports' management team and ensure that shareholders' interests are well served. Town Sports' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Town Sports' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jason Fish, Independent Director
Michelle Ryan, Chief Marketing Officer
Martin Annese, Director
Leam Nelson, Sr. VP, General Counsel and Corporate Secretary
Spencer Wells, Independent Director
Stuart Steinberg, General Counsel
Nitin Ajmera, Senior Vice President Shared Services and Controller
Patrick Walsh, Executive Chairman and Member of Executive Committee
Mandy Lam, Director
Gregory Bartoli, COO
Marcus Dunlop, Director
Carolyn Spatafora, CFO
Thomas Galligan, Independent Chairman of the Board

Town Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Town Sports a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Consideration for investing in Town Stock

If you are still planning to invest in Town Sports International check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Town Sports' history and understand the potential risks before investing.
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