form8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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):
  
April 14, 2008
 
 
 TWL Corporation
(Exact name of registrant as specified in its charter)
 
 
Nevada
  
000-08924
  
73-0981865
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(I.R.S. Employer Identification No.)

 
4101 International Parkway
      
 
Carrollton, Texas
  
75007
  
 
(Address of principal executive offices)
  
(Zip Code)
  

Registrant’s telephone number, including area code:
  
(972) 309-4000
 
 
Not Applicable
  
 
Former name or former address, if changed since last report
  
 
 
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:
 
£  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

Item 8.01 Other Events.

On April 14, 2008, TWL Corporation (the “Company”) terminated 43 full-time employees and 5 part-time employees. The positions eliminated were in the areas of sales, marketing, administration, accounting, warehousing, customer-care and satellite communications. The Company anticipates saving approximately $2.77mm in total annual salary expenses as a result of these layoffs.

The Company issued a press release on April 17, 2008 announcing these recent developments, a copy of which is attached hereto as exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.
 
Name
 
Press release issued April 17, 2008
 
 
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.
 
   
TWL Corporation
       
April 17, 2008
  
By:
/s/ Dennis J. Cagan
     
Name: Dennis J. Cagan
     
Title: Chief Executive Officer and President