Form 8-K
 
 

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): August 3, 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))

 
 

 

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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 3, 2010, Cheryl Presuto, the Chief Financial Officer of TeamStaff, Inc. (the “Company”) notified the Company that she will resign from her position effective August 27, 2010 to pursue another career opportunity. On August 9, 2010, the Company issued a press release announcing Ms. Presuto’s decision to leave the Company. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
The following exhibit is filed or furnished herewith:
             
(d)
  Exhibit No.   Description of Document
 
    99.1     Press Release dated August 9, 2010
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.
 
 
  By:   /s/ Zachary C. Parker    
    Name:   Zachary C. Parker   
    Title:   Chief Executive Officer and President   
 
Date: August 9, 2010
Exhibit Index
     
Exhibit No.   Description of Document
99.1
  Press Release dated August 9, 2010

 

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Exhibit 99.1
Exhibit 99.1
(LOGO)
FOR IMMEDIATE RELEASE
CONTACTS:
     
Zachary C. Parker
  Donald C. Weinberger/Diana Bittner (media)
President and Chief Executive Officer
  Wolfe Axelrod Weinberger Associates, LLC
TeamStaff, Inc.
  212-370-4500
1 Executive Drive
  don@wolfeaxelrod.com
Somerset, NJ 08873
  diana@wolfeaxelrod.com
866-352-5304
   
TeamStaff Announces Resignation
Of Chief Financial Officer
Somerset, New Jersey — August 9, 2010 — TeamStaff, Inc. (Nasdaq: TSTF) a leading logistics and healthcare services provider to the Federal Government and Department of Defense, today announced that Cheryl Presuto, the company’s chief financial officer, will be leaving the company effective August 27, 2010 to pursue another career opportunity.
“Cheryl has developed a strong accounting and finance infrastructure and accomplished a great deal over the years that she has been with our company, including assisting TeamStaff consummate its recently announced loan facility. Cheryl is a talented individual with a bright business future, and we wish her much success,” said Zachary C. Parker, the company’s president and chief executive officer.
TeamStaff has commenced the process to find a new CFO and to ensure operational and reporting continuity.
“My time at TeamStaff has been a rewarding experience, both professionally and personally, and I am honored to have been able to serve as TeamStaff’s CFO,” Ms. Presuto said. “I am proud of the strong team we have built and all the things we accomplished together over the past eight years. I wish TeamStaff all the best in the future.”
About TeamStaff, Inc.
TeamStaff serves clients and their employees throughout the United States as a full-service provider of logistics and healthcare support services through its subsidiary, TeamStaff GS. TeamStaff GS specializes in providing high quality healthcare, logistics, and technical services to Federal agencies and the Department of Defense. For more information, visit the TeamStaff web site at www.teamstaff.com.
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