BNET Industries

Market Cap:$993.4M
Last Fiscal Year Sales:$769.6M
  • Public
  • US
Dow Jones Description

Fitness Centers Operator

Chairman & CEO
Bahram Akradi
Number of Employees 5,900
Contact Information

2902 Corporate Pl

Chanhassen, Minnesota 55317

www.lifetimefit...

(952) 947-0000

NAICS Code Fitness and Recreational Sports Centers: 713940

Recent Events

  • Lenexa, Kansas to Be Home to Newest Life Time Fitness Center

    12/07/09 - Planned Site Openings - View Story

  • Life Time Fitness Getting Winded

    11/03/09 - Planned Site Openings - View Story

  • Life Time's 3Q2009 Revenue Up

    10/22/09 - Planned Site Openings - View Story

  • Life Time Fitness Names 2 Board Members

    10/19/09 - Board Member - Entering - View Story

  • Life Time Fitness names two to board

    10/23/09 - Board Member - Entering - View Story

  • Unusual 11 Mid-Day Movers 10/02: CIT, LUNA, SSY, ONCY Higher; ETRM, CPRX, DSCO, PGH Lower

    10/02/09 - Bond / Stock Rating - View Story

  • Beachwood, Ohio to Be Home to Newest Life Time Fitness Center

    9/23/09 - Planned Site Openings - View Story

  • Jefferies & Co Initiates Coverage on Life Time Fitness LTM with a Buy

    9/09/09 - Bond / Stock Rating - View Story

  • Life Time Continues to Cut Costs While Keeping Eye on Expansion

    8/19/09 - Financial Announcement - View Story

  • Life Time Fitness beats expectations, shares surge

    7/23/09 - Financial Announcement - View Story

  • Membership growth spurs Life Time Fitness profits

    7/23/09 - Site Opening - View Story

News & Analysis

call transcript and life-time fitness inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael R. Robinson Cfo
Scott C. Lutz CMO & Executive Vice President
Eric J. Buss General Counsel, Secretary & Executive Vice President
Mark L. Zaebst Executive Vice President, Real Estate Dev
Jeffrey G. Zwiefel Senior Vice President, Life Time University
Michael P. Brown Senior Vice President, Operations
Pilar Gerasimo Vice President of Education
Rico Caveglia Owner
Adam Martin H I Fitness Director
Kimberly Spreen National Group Fitness Director
Lydia Anderson Director
John M. Hugo Controller
Jenny Heissenhuber
John B Richards Senior Advisor
Kyle Eshleman Trainer
Marcia Noyes Personal Trainer
Matthew Petry Trainer
Tom Siebenaller
Wesley Bertch
Giles H. Bateman Director
James F. Halpin Director
Marti Morfitt Director

Board of Directors

Name (plus bio) Position
Bahram Akradi Chairman & CEO
Guy C. Jackson Chair
Joseph S. Vassalluzzo Board of Directors
Martha A. Morfitt Board of Directors

Organization Position Status
Life Time Fitness, Inc. Chairman & CEO Current

Organization Position Status
Life Time Fitness, Inc. Cfo Current
Consumer Growth Partners Executive Vice President, Cfo, Life Time Fitness Current
Life Time Fitness Corporate Wellness Executive Vice President & Chief Financial Officer Current
Consumer Growth Partners Board of Directors Current
Life Time Fitness, Inc. Executive Vice President Former
Honeywell International Inc. Former

Scott C. Lutz joined the Company in May 2008 as Executive Vice President and Chief Marketing Officer. Prior to joining our company, Mr. Lutz was Senior Vice President of New Business Development and Marketing at Best Buy, Inc.. Mr. Lutz has also held executive management roles at leading packed good companies, including Procter & Gamble, General Mills and ConAgra. He served as President / Chief Operating Officer of ConAgra’s Snacks Division and President / Chief Executive Officer of 8th Continent L.L.C., a General Mills-DuPont health & wellness joint venture. Mr. Lutz brings extensive new business development experience and has worked internationally leading businesses in both Italy and Canada

Organization Position Status
Life Time Fitness, Inc. CMO & Executive Vice President Current

Eric J. Buss joined the Company in September 1999 as Vice President of Finance and General Counsel. Mr. Buss was elected Secretary in September 2001 and was named Senior Vice President of Corporate Development in December 2001 and Executive Vice President in August 2005. Prior to joining the Company, Mr. Buss was an associate with the law firm of Faegre & Benson LLP from 1996 to August 1999. Prior to beginning his legal career, Mr. Buss was employed by Arthur Andersen LLP.

Organization Position Status
Life Time Fitness, Inc. General Counsel, Secretary & Executive Vice President Current

Mark L. Zaebst joined the Company in January 1996 as Director, Real Estate, and was named Senior Vice President of Real Estate and Development, in December 2001, and Executive Vice President in March, 2006. Mr. Zaebst has over 20 years of experience in the health and fitness industry. Mr. Zaebst was instrumental in assisting Mr. Akradi in the creation, expansion and day-to-day operations of U.S. Swim & Fitness Corporation until 1991, at which time he started a career in real estate.

Organization Position Status
Life Time Fitness, Inc. Executive Vice President, Real Estate Dev Current

Jeffrey G. Zwiefel joined our company in December 1998 as Vice President, Health Enhancement Division and became Vice President of Fitness, Training and New Program Development in January 2004. Mr. Zwiefel was named Senior Vice President, Life Time University in March 2005, and named Executive Vice President, Operations in February 2009. Mr. Zwiefel has 23 years of comprehensive and diverse experience in the health, fitness and wellness industry. Prior to joining our company in 1999, Mr. Zwiefel worked for over nine years with NordicTrack, Inc. where he served most recently as Vice President, Product Development. Mr. Zwiefel has a M.S. in exercise physiology.

Organization Position Status
Life Time Fitness, Inc. Senior Vice President, Life Time University Current

Organization Position Status
Life Time Fitness, Inc. Senior Vice President, Operations Current

Organization Position Status
Experience Life Magazine Editor In Chief Current
Life Time Fitness Corporate Wellness Editor In Chief, Experience Life Current
Life Time Fitness, Inc. Vice President of Education Current
Mills College BA With Honors In Comparative Literature Former

Rico is owner of Lifetime Fitness, a personal training and life coaching company in La Jolla, Ca., established in 1981. He is an author, speaker, workshop leader, inventor, trainer, Gold medalist California State Senior Olympics and creator of the Ageless Living Lifestyle. He is committed to staying healthy, fit and vital all of his life and to help others to do the same.

Organization Position Status
Life Time Fitness, Inc. Owner Current
Shared Vision Network, Inc. Current

Adam is the H I Fitness Director, responsible for Lifetime Fitness and the Internship Program. Adam provides education, assessment and programming, as well as individualized fitness training. He also co-facilitates the intensive week-long specialty program, Next Level Fitness. Adam graduated with a Bachelor of Science degree from the University of Florida in Exercise Physiology/Biomechanics and is certified through the American College of Sports Medicine as a Health Fitness Instructor.

Organization Position Status
University of Florida Bachelor of Science Degree Former
Hilton Head Health Institute Acsm Health, Fitness Instructor Current

Kimberly is the National Group Fitness Director for Life Time Fitness, a premier 'healthy way of life' company that operates over 80 centers across the US. She is one of Exercise TV's Star Trainers, a professional fitness consultant with Global Fitness Solutions and has led several popular exercise videos. Known for her passion, enthusiasm and humor, Kimberly travels the world as a Presenter, Motivational Speaker and Continuing Education Provider for ACE, AFAA and IFTA.

Organization Position Status
Life Time Fitness, Inc. National Group Fitness Director Current
Sunshine Fitness Resources Current

Organization Position Status
Life Time Fitness, Inc. Director Current
Life Time Fitness, Inc. Director Former

Organization Position Status
Life Time Fitness, Inc. Controller Current
Life Time Fitness, Inc. Controller Current

Mother's Day Out Aid: Ms. Heissenhuber has spent her entire career up to this point in various childcare and child counseling positions. She is currently a college student at Northlake College, majoring in Studio Art. Mother's Day Out Aide: Jenny Heissenhuber has been a member of the neighboring Church of the Holy Communion for all 19 years of her life, participating regularly in the college and youth groups. She has been a head counselor at the annual Vacation Church Camp for 7 years. Jenny also works on the Child Care Staff at Lifetime Fitness in Flower Mound. She loves working with kids and has always worked with children. Jenny is currently a college student at Northlake College, majoring in Studio Art focusing on drawing and painting.

Organization Position Status
Life Time Fitness, Inc. Current
Bent Tree Episcopal School Current

Organization Position Status
Life Time Fitness, Inc. Senior Advisor Current
Apfed Director Current
Life Time Fitness Corporate Wellness Board of Directors Current
Life Time Fitness, Inc. Board of Directors Current
Simple Aesthetics, LLC Board Member and Senior Advisor Current
Life Time Fitness Corporate Wellness Committee Member Current
Dean & DeLuca, Inc. Chief Executive Officer Former
Dean & DeLuca, Inc. President Former
McKinsey & Company, Inc. Former
Wharton Graduate School of the University of Pennsylvania MBA Former
Bucknell University BA Degree In History Former
Wharton Graduate School of the University of Pennsylvania BA Degree In History Former

Organization Position Status
High School Rowing Club Winter Conditioning Strength Training Coach Current
Life Time Fitness, Inc. Trainer Current
Bowling Green State University Bachelor of Science Former

Organization Position Status
Texas Endosurgery Associates Personal Trainer, Group Fitness Leader, Support Group Leader Current
Life Time Fitness, Inc. Personal Trainer Current

Organization Position Status
Spinal Rehab & Wellness Center Certified Chiropractic Physician Current
Life Time Fitness, Inc. Trainer Current

Organization Position Status
Tiffinbodyworks.Com Director of Personal Training Current
Abercrombie & Fitch Co. Personal Trainer Current
Life Time Fitness, Inc. Current
Bowling Green State University Former

Organization Position Status
Network Computing, Inc. Director of Information Systems, Life Time Fitness Current
Life Time Fitness, Inc. Current

Organization Position Status
Maxstream, Inc. Chairman Current
Digi International Inc. Chair Current
EpiCept Corporation Chair Current
Urologix, Inc. Chair Current
Cyberonics, Inc. Chair Current
Life Time Fitness, Inc. Chair Current
Urologix, Inc. Board of Directors Current
Miga Solutions, Inc Board of Directors Current
Life Time Fitness Corporate Wellness Director Current
Apfed Board of Directors Current
Digi International Inc. Member Current
American Institute of Certified Public Accountants Member Current
Life Time Fitness, Inc. Member Current
Urologix, Inc. Member Current
Cyberonics, Inc. Member Current
EpiCept Corporation Member Current
Ernst & Young Former
Digi International Inc. Director Former
Life Time Fitness, Inc. Board of Directors Former
EpiCept Corporation Board of Directors Former
Cyberonics, Inc. Board of Directors Former
Harvard Business School M.B.A. Former
Penn State B.S. In Business Administration Former
The Pennsylvania State University B.S. In Business Administration Former

Giles H. Bateman was elected to the Board of Directors in 2003. Mr. Bateman was a co-founder and Chief Financial Officer of Price Club from 1976 until 1991. Mr. Bateman served as director and chairman of CompUSA, Inc. from 1994 until 2000. Mr. Bateman is a director of Tuesday Morning, Inc, Lifetime Fitness Inc., and United PanAm Finance Corp.

Organization Position Status
WD-40 Company Cfo and Director Current
WD-40 Company Chairman Current
Tuesday Morning Corporation Director Current
United PanAm Financial Corp. Director Current
Life Time Fitness Corporate Wellness Director Current
Life Time Fitness, Inc. Director Current
CompUSA Inc. Chairman Former
WD-40 Company Board of Directors Former
CompUSA Inc. Director Former
Harvard University MBA Former
University of Oxford BA Former

Organization Position Status
Marvel Entertainment International Ltd. Director Current
Free At Marvel Digital Comics Unlimited Director Current
Life Time Fitness, Inc. Director Current
Marvel Enterprises LLC Director Current
Apfed Board of Directors Current
Life Time Fitness Corporate Wellness Director Current
Interphase Corporation Director Current
Marvel Entertainment, Inc. Director Current
Life Time Fitness Corporate Wellness Committee Member Current
CompUSA Inc. Chief Executive Officer Former
CompUSA Inc. President Former
Wang Laboratories Vice President Former
CompUSA Inc. Chief Operating Officer and Director Former
CompUSA Inc. Director Former

Organization Position Status
Life Time Fitness Corporate Wellness Director of the Company Current
Iparty Retail Stores Corp Board of Directors Current
Simple Aesthetics, LLC Senior Board Member Current
Life Time Fitness Corporate Wellness Board of Directors Current
Life Time Fitness, Inc. Board of Directors Current
Apfed Director Current
iParty Corp. Director Current
Life Time Fitness Corporate Wellness Committee Member Current
Federal Realty Investment Trust independent Director Former
Mobile Co Former
Zoots Corporation Director Former
Staples, Inc. Vice Chairman Former
Temple University MBA Former
The Pennsylvania State University BS Degree In Marketing Former

Martha (Marti) A. Morfitt was elected a director of the Company in August, 2008. Ms. Morfitt most recently served as chief executive officer and a director of CNS, Inc., a publicly traded manufacturer and marketer of consumer health care products. During her nine-year tenure (March 1998 to March 2007), Ms. Morfitt and her team successfully completed a performance turnaround at CNS, returning the Company to profitability and transforming it into a growing consumer health products company with flagship brands that include Breathe Right® nasal strips and FiberChoice® daily fiber supplement brands. CNS was sold to GlaxoSmithKline in December 2006 and its operations were transferred to Pittsburgh in April 2007. Prior to joining CNS, Ms. Morfitt served in a variety of senior management and marketing positions at The Pillsbury Company over a 16 year period. She most recently served as vice president of Pillsbury’s Meals Division, and prior to that, vice president of Green Giant Brands. Ms. Morfitt currently serves on the board of directors for Minneapolis-based Graco, Inc and San Francisco-based Thermage. Marti earned an MBA from York University in Toronto, and a bachelor’s degree from the Richard Ivey School of Business at the University of Western Ontario.

Organization Position Status
Life Time Fitness, Inc. Board of Directors Current

Organization Position Status
Lululemon Board of Directors Current
SOLTA MEDICAL, INC. Board of Directors Current
Life Time Fitness, Inc. Director Current
Riverrock Partners, LLC President Former

Executive News

  • Marvel Entertainment Welcomes Theo Paphitis to International Advisory Board

    Business Wire - 7/20/09 - View Story

  • Life Time Fitness Announces Date for Release of Second Quarter 2009 Financial Results

    Reuters - 7/16/09 - View Story

  • Life Time Fitness Announces Date for Release of Second Quarter 2009 Financial Results

    Business Wire - 7/16/09 - View Story

  • CORRECTING and REPLACING Economy, Desire to Avoid Travel Hassles Mean Staycations on the Rise

    Reuters - 6/29/09 - View Story

  • CORRECTING and REPLACING Economy, Desire to Avoid Travel Hassles Mean Staycations on the Rise

    Business Wire - 6/29/09 - View Story

  • The Staycation " How about Going to Your Local Health Club?

    Business Wire - 6/29/09 - View Story

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     LTM $23.30 -0.70 (-2.92% )
Average Volume 578,418
Shares Outstanding 41.39M
Market Cap 964.5M
Year High 32.05
Year Low 7.07
Earnings Per Share 1.69
P/E Ratio 13.79
Dividend N/A
Yield N/A
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