UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
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 8, 2010
Enable
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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(State
or Other Jurisdiction of Incorporation)
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000-50995
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52-2372260
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(Commission
File Number)
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(IRS
Employer
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Identification
No.)
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1140
W. Thorndale Avenue
Itasca,
Illinois 60143-1335
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(Address
of Principal Executive Offices) (Zip Code)
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(773)
272-5000
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(Registrant’s
telephone number, including area code)
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Not
Applicable
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(Former
Name or Former Address, if changed since last report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01
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Completion
of Acquisition or Disposition of
Assets.
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On October 8, 2010, SunRise Bidders,
Inc., a Delaware corporation, conducted a public sale for the assets of Enable
Holdings, Inc. (the “Company”) pursuant to Section 9.610 of the Illinois Uniform
Commercial Code. SunRise Bidders, Inc. was the senior, secured lender
to the Company, with a first-priority lien on substantially all of the Company’s
assets.
At the public sale of the Company, only
a single bid was received, which was the $1,900,000 credit bid from SunRise
Bidders, Inc. With no competing bids, SunRise Bidders, Inc. concluded
the auction and declared its own credit bid as the highest and best
bid.
On October 8, 2010, SunRise Bidders,
Inc. executed a Bill of Sale and Transfer Statement, pursuant to which the
Company’s assets were transferred to SunRise Bidders, Inc.
The Company will continue to exist as a
corporate entity, but it now has no recognizable assets. The Company
will commence an orderly liquidation of any remaining assets under applicable
state or federal law.
SIGNATURE
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.
Dated: October
12, 2010
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ENABLE
HOLDINGS, INC.
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By:
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/s/ Patrick A. Neville | |
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Patrick
A. Neville
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Chief
Executive Officer
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