UNITED STATES
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): JULY 3, 2003
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AKORN, INC.
(Exact name of registrant as specified in its charter)
LOUISIANA 0-13976 72-0717400
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2500 MILLBROOK DRIVE BUFFALO GROVE, ILLINOIS 60089
(Address of principal executive offices)
Registrant's telephone number, including area code: (847) 279-6100
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE.
Akorn, Inc. ("Akorn") is filing herewith as Exhibit 99.1 its press release,
dated July 3, 2003, announcing the intention of Akorn's senior lenders, subject
to a number of conditions, to extend the expiration date of the Forbearance
Agreement relating to Akorn's senior debt from June 30, 2003 until July 31, 2003
and to make up to an additional $1,000,000 available to Akorn under its current
line of credit.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits. The following exhibit is filed with this report:
Exhibit No. Description of Exhibit
99.1 Press Release issued by Akorn, dated July 3, 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.
AKORN, INC
BY: /s/ ARTHUR S. PRYZBYL
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Arthur S. Pryzbyl
Chief Executive Officer
Date: July 7, 2003
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBIT
99.1 Press Release issued by Akorn, dated July 3, 2003.