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)
|
December
27, 2010
|
GLOBAL
AXCESS CORP.
|
(Exact
name of registrant as specified in its
charter)
|
Nevada
|
000-17874
|
88-0199674
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(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
7800
Belfort Parkway, Suite 165, Jacksonville, Florida
|
32256
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(904)
280-3950
|
N/A
|
(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 (see General Instruction A.2. below):
¨ 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
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(d) On
December 27, 2010, Michael I. Connolly accepted election by the board of
directors of Global Axcess Corp., a Nevada corporation (the “Company”), to serve
as a director for a term expiring in 2011. The board plans to nominate
Mr. Connolly for re-election to the board of directors by the shareholders
in 2011. Mr. Connolly has not yet been appointed to serve on any
committees of the board of directors.
In
connection with his election as a director of the Company, Mr. Connolly is also
being granted options to purchase 20,000 shares of the Company’s common stock at
a strike price of $0.54 per share, which options will vest in four equal annual
installments, with the first installment vesting on December 27,
2011.
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.
GLOBAL
AXCESS CORP.
|
||
By:
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/s/ Michael J. Loiacono
|
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Name: Michael
J. Loiacono
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||
Title: Chief
Financial Officer
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Dated: December
29, 2010