Town Sports International Holdings Inc. announced the resignation of Paul Arnold, Rice Edmonds, John Flood III and Kevin McCall as board members, and the appointment of Martin Annese, Jason Fish, Mark McEachen, Patrick Walsh and Spencer Wells as members of the board. The changes in the Board were made in accordance with two separate agreements by the company that together involve its three large shareholders, HG Vora Capital Management, PW Partners Atlas Fund III LP and Farallon Capital Management, L.L.C. In connection with the appointments, the Board increased its size from seven to eight directors, effective immediately. Further, the company has agreed to include each of Messrs.

Annese, Fish, McEachen, Walsh and Wells, along with incumbent directors Robert J. Giardina, Thomas J. Galligan III, and Bruce C. Bruckmann, in the company's slate of director nominees for the 2015 annual meeting of shareholders. As a result of the transactions Robert Giardina's retention agreement, Mr. Giardina's employment with the company will be terminated as of March 27, 2015. Mr. Giardina's service as a member of the Board shall continue, and he will be treated as a non-employee director.