Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - DLH Holdings Corp. | c09063exv10w1.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): November 23, 2010
TeamStaff, Inc.
(Exact name of registrant as specified in its charter)
| NEW JERSEY | 0-18492 | 22-1899798 | ||
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 1 Executive
Drive Somerset, NJ |
08873 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (866) 352-5304
| (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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 1.01 | Entry in to a Material Definitive Agreement.
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The description of
the second amendment to the Secured Promissory Note and Loan and Security
Agreement among TeamStaff Government Solutions, Inc., TeamStaff, Inc. and
Presidential Financial Corporation under Item 2.03 of this Current Report
on Form 8-K is hereby incorporated into this item by reference.
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| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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On November 23, 2010, TeamStaff, Inc.
(“TeamStaff”), TeamStaff Government Solutions, Inc. (the
“Borrower”), a wholly-owned subsidiary of TeamStaff, and
Presidential Financial Corporation (the “Lender”) entered into a
second Amendment to Secured Promissory Note and Loan and Security Agreement,
dated as of November 23, 2010, (the “Second Amendment”).
Pursuant to the Second Amendment, the parties agreed to increase the line of
credit available to the Borrower under the Secured Promissory Note and Loan and
Security Agreement to $2,500,000. The parties further agreed that all the terms
of the loan documents previously executed by the parties, as amended by the
Second Amendment, shall remain and continue in full force and effect.
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| Item 9.01 | Financial Statements and Exhibits.
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| (d) | The following exhibits are filed or furnished
herewith.
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| Exhibit No. | Description of Document | |
|
10.1
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Second Amendment to Secured Promissory Note and Loan and Security Agreement |
2
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.
| TEAMSTAFF, INC. | ||
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By: /s/ Zachary C. Parker | |
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Name: Zachary C. Parker | |
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Title: Chief Executive Officer | |
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Date: November 30,
2010
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3
Exhibit Index
| Exhibit No. | Description of Document | |
|
10.1
|
Second Amendment to Secured Promissory Note and Loan and Security Agreement |
4