SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Amendment No. 9
Bally Total Fitness Holding Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
058 73K 10 8
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(CUSIP Number)
Mr. Emanuel R. Pearlman
Liberation Investment Group
11766 Wilshire Blvd.
Suite #870
Los Angeles, CA 90025-6538
(310) 479-3434
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 21, 2005
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
CUSIP No. 058 73K 10 8 Page 2 of 7
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NAME OF REPORTING PERSON
1 Liberation Investments, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a)[ ] (b)[X]
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SEC USE ONLY
3
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SOURCE OF FUNDS (See Instructions)
4 WC
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
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SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 2,662,963
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 2,662,963
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
11 2,662,963
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions)[ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 7.84%
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TYPE OF REPORTING PERSON (See Instructions)
14 PN
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SCHEDULE 13D
CUSIP No. 058 73K 10 8 Page 3 of 7
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NAME OF REPORTING PERSON
1 Liberation Investments, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a)[ ] (b)[X]
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SEC USE ONLY
3
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SOURCE OF FUNDS (See Instructions)
4 WC
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 Cayman Islands
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SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 1,436,487
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 1,436,487
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
11 1,436,487
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 4.23%
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TYPE OF REPORTING PERSON (See Instructions)
14 CO
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SCHEDULE 13D
CUSIP No. 058 73K 10 8 Page 4 of 7
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NAME OF REPORTING PERSON
1 Liberation Investment Group LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a)[ ] (b)[X]
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SEC USE ONLY
3
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SOURCE OF FUNDS (See Instructions)
4 N/A
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
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SOLE VOTING POWER
7 0
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 4,099,450
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 0
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 4,099,450
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
11 4,099,450
--------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 12.06%
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TYPE OF REPORTING PERSON (See Instructions)
14 OO, IA
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SCHEDULE 13D
CUSIP No. 058 73K 10 8 Page 5 of 7
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NAME OF REPORTING PERSON
1 Emanuel R. Pearlman
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2 (a)[ ] (b)[X]
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SEC USE ONLY
3
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SOURCE OF FUNDS (See Instructions)
4 N/A
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e)[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 United States
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SOLE VOTING POWER
7 35,000
NUMBER OF
SHARES --------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 4,099,450
OWNED BY
--------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9 35,000
REPORTING
PERSON --------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 4,099,450
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
11 4,134,450
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12 (See Instructions) [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 12.16%
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TYPE OF REPORTING PERSON (See Instructions)
14 IN, HC
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CUSIP No. 058 73K 10 8 Page 6 of 7
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INTRODUCTION
This Amendment No. 9 (this "Amendment") relates to the Schedule 13D filed
on behalf of (i) Liberation Investments, L.P., a Delaware limited partnership
("LILP"); (ii) Liberation Investments Ltd. ("LILtd"), a private offshore
investment corporation; (iii) Liberation Investment Group, LLC ("LIGLLC"), a
Delaware limited liability company and general partner of LILP and discretionary
investment adviser to LILtd; and (iv) Emanuel R. Pearlman, as General Manager,
Chief Investment Officer and majority member of LIGLLC (collectively, the
"Reporting Persons"), with the Securities and Exchange Commission on June 8,
2004, as amended by Amendment No. 1 filed on July 13, 2004, Amendment No. 2
filed on August 27, 2004, Amendment No. 3 filed on September 1, 2004, Amendment
No. 4 filed on September 10, 2004, Amendment No. 5 filed on December 13, 2004,
Amendment No. 6 filed on April 26, 2005, Amendment No. 7 filed on May 6, 2005
and Amendment No. 8 filed on July 19, 2005 (the "Schedule 13D"), relating to
shares of common stock, $.01 par value per share ("Common Stock"), of Bally
Total Fitness Holding Corporation (the "Company").
Items 4 and 7 of the Schedule 13D are amended and supplemented as follows:
Item 4. Purpose of Transaction.
On July 21, 2005, LIGLLC, on behalf of the Reporting Persons, sent a
letter to the Independent Directors of the Board of Directors of the Company
(the "Independent Directors"). The letter responded to the Independent
Directors' letter to the Reporting Persons dated July 20, 2005. In addition, the
Reporting Persons again urged the Board of Directors to begin a search for a new
chief executive officer and appoint Mr. Pearlman, the Reporting Persons'
representative, to the Board of Directors. The Reporting Persons requested the
opportunity to present their proposals to the Independent Directors. A copy of
the letter is attached hereto as Exhibit 12.
Item 7. Material to be Filed as Exhibits
The following exhibit is filed is filed with this Amendment:
EXHIBIT 12: Letter to the Independent Directors of the Board of Directors
of Bally Total Fitness Holding Corporation dated July 21,
2005.
SCHEDULE 13D
CUSIP No. 058 73K 10 8 Page 7 of 7
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: July 22, 2005
LIBERATION INVESTMENTS, L.P.
By: Liberation Investment Group, LLC, general partner
By: /s/ Emanuel R. Pearlman
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Emanuel R. Pearlman
General Manager
LIBERATION INVESTMENTS LTD.
By: /s/ Emanuel R. Pearlman
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Emanuel R. Pearlman
Director
LIBERATION INVESTMENT GROUP, LLC
By: /s/ Emanuel R. Pearlman
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Emanuel R. Pearlman
General Manager
Emanuel R. Pearlman
/s/ Emanuel R. Pearlman
----------------------------------