TL Administration Corp – ‘8-K’ for 10/21/03

On:  Wednesday, 10/22/03, at 3:09pm ET   ·   For:  10/21/03   ·   Accession #:  950123-3-11600   ·   File #:  0-21003

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Twinlab Corporation                                    4     11K 
 2: EX-99.1     Press Release                                          2     12K 

8-K   —   Twinlab Corporation
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
 THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): OCTOBER 21, 2003

 TWINLAB CORPORATION

(Exact Name of Registrant as Specified in Charter)

      Delaware                      0-21003                 11-3317986
      --------                      -------                 ----------

(State or Other Jurisdiction of        (Commission            (I.R.S. Employer  
        Incorporation)                 File Number)          Identification No.)

150 MOTOR PARKWAY, SUITE 210
 HAUPPAUGE, NEW YORK 11788

(Address of Principal Executive Offices)

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(631) 467-3140

(Registrant's telephone number, including area code)

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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.                                             

     On October 21, 2003, Twinlab Corporation, Twin Laboratories Inc. and Twin
Laboratories (UK) Ltd. (collectively "Twinlab" or the "Company") announced that 
the bid by IdeaSphere Inc. remained the highest and best bid for substantially  
all of the assets of Twinlab.                                                   

    On September 4, 2003, Twinlab commenced voluntary cases under chapter 11
of the Bankruptcy Code in the United States Bankruptcy Court for the Southern   
District of New York (the "Court") and entered into an asset purchase agreement 
for the sale of substantially all of Twinlab's assets with IdeaSphere Inc., of  
Grand Rapids, Michigan. Pursuant to bidding procedures approved by the Court,   
the final deadline for additional qualified bidders to submit bids for Twinlab's
assets was set for 4:00 p.m. EST on October 20, 2003. After the receipt of      
numerous bids in the pre-filing sale process, no additional bids were received  
in conjunction with the post-petition open bidding process approved by the      
Court. The transaction with IdeaSphere, which is subject to final review and    
approval by the Court at a hearing on October 27, 2003, is scheduled to close in
the next several weeks under the terms of the asset purchase agreement.         

      A copy of the press release announcing the foregoing is attached hereto as
Exhibit 99.1 and is incorporated in its entirety herein by reference.           

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.     

(c)   Exhibits                                                                  

99.1  Press release dated October 21, 2003.             

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SIGNATURES

    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.                                           

Date:  October 22, 2003            TWINLAB CORPORATION                          
  (registrant)

                By:      /s/ Ross Blechman
                              ------------------------------
         Name: Ross Blechman
                 Its: Chairman of the Board,
                                     Chief Executive Officer and President

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 EXHIBIT INDEX

EXHIBIT NO.             DESCRIPTION                                             
-----------             -----------                                             

99.1                    Press release dated October 21, 2003.                   

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		10/27/03		2
Filed on:		10/22/03		3					8-K
For Period End:		10/21/03		1		4
		10/20/03		2					8-K
		9/4/03		2					8-K,  SC 13D/A
									List all Filings