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

TeamStaff, Inc.

COMMISSION FILE NUMBER:  0-18492

New Jersey		22-1899798
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

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 5.02		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

     On September 16, 2008, TeamStaff, Inc., (the “Company” or “TeamStaff”) entered into an employment relationship with Ms. Dale West, who will serve as the President of TeamStaff Rx, the Company’s subsidiary which provides travel nursing and travel allied healthcare professional staffing services. A press release announcing Ms. West’s appointment was issued on September 19, 2008 and is filed as an exhibit to this Current Report.

     Pursuant to an offer letter executed by the Company and Ms. West, Ms. West will serve as President of TeamStaff Rx on an at-will basis and earn an annual salary at the rate of $200,000. Ms. West will be eligible for a $12,500 quarterly stock bonus with the first two bonuses guaranteed. The remaining quarterly bonus potential, and an annual bonus potential of up to 70% of her base salary, is based upon the achievement of performance targets to be determined by the Company. Additional bonus awards may be granted in the discretion of the Company’s Management Resources and Compensation Committee. In addition, TeamStaff agreed to provide Ms. West with a relocation benefit of $36,000 payable during her first 12 months of employment with TeamStaff. In the event Ms. West voluntarily terminates her employment with TeamStaff during such 12 month period, she will be required to repay the Company for the net amount of relocation benefits paid prior to such termination. Ms. West will also be eligible to participate in all employee benefits afforded to regular full-time TeamStaff employees.

     Biographical Information

     Ms. West has been an independent consultant in the healthcare staffing sector from February 2008 to May 2008. From August, 1998 through July, 2002, Ms. West was Senior Vice President of RNNetwork, Inc. a healthcare staffing company and from July, 2002 through December, 2005, Ms. West served as the President of RNNetwork, Inc. Ms. West also was an owner and original founder of RNNetwork. At RNNetwork, Ms. West was responsible for overseeing all aspects of the travel nurse business. RNNetwork was acquired by CompHealth Group in January 2005. Previously, Ms. West worked at Hospital Staffing Services, Inc. from September, 1995 to August, 1998 as Director of Sales. Prior to that, Ms. West worked as Director of Operations at Allied Health Services, Inc. from 1992 to 1995. Ms. West is 53 years old.

Item 9.01 Financial Statements and Exhibits

		Exhibit
(d)		Number				Exhibit Title or Description
			99.1			Press Release dated September 19, 2008

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/ Rick Filippelli
		Name:		Rick J. Filippelli
		Title:		President and Chief Executive Officer
		Date:		September 22, 2008

EXHIBIT INDEX

Exhibit
Number		Description
99.1		Press Release dated September 19, 2008

Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACTS:
Rick Filippelli, President and CEO		Donald C. Weinberger/Alisa Steinberg (media)
TeamStaff, Inc.		Wolfe Axelrod Weinberger Associates, LLC
1 Executive Drive		212-370-4500
Somerset, NJ 08873		don@wolfeaxelrod.com
866-352-5304		alisa@wolfeaxelrod.com

TeamStaff Rx Hires President

Somerset, New Jersey— September 19, 2008 — TeamStaff, Inc. (NASDAQ: TSTF) a national provider of healthcare, logistics and administrative staffing services, today announced that Dale West has joined the Company as President of its TeamStaff Rx subsidiary. Ms. West will report directly to TeamStaff’s President and CEO, Rick J Filippelli. She succeeds Terry Merlin who previously held the top role in that subsidiary.

Ms. West was a founder of RN Network, which became one of the largest privately held travel healthcare staffing companies in the United States. Under her leadership, she took the start-up company and grew revenues in excess of $100 million over a five year period. RN Network was eventually sold to CompHealth Group. She now assumes responsibility for executing the Company’s plan for future growth.

Commenting on the hiring of Ms. West, Mr. Filippelli said “We are excited that Dale has decided to join our Company. She has a proven track record of providing solid leadership while growing revenues. We look forward to her contributions as we seek to accelerate growth.”

About TeamStaff, Inc.

Headquartered in Somerset, New Jersey, TeamStaff serves clients and their employees throughout the United States as a full-service provider of medical, logistics and administrative staffing through its two subsidiaries, TeamStaff Rx and TeamStaff Government Solutions. TeamStaff Rx is a leading provider of travel nursing and travel allied healthcare professionals. TeamStaff Rx operates throughout the U.S. and specializes in the supply of travel allied medical employees and travel nurses typically placed on 13 week assignments. TeamStaff Government Solutions specializes in providing medical, logistics and office administration/technical professionals through nationwide Federal Supply Schedule contracts with both the United States General Services Administration and the United States Department of Veterans Affairs. For more information, visit the TeamStaff web site at www.teamstaff.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains “forward-looking statements” as defined by the Federal Securities Laws. Statements in this press release regarding TeamStaff, Inc.’s business, which are not historical facts are “forward-looking statements” that involve risks and uncertainties. TeamStaff’s actual results could differ materially from those described in such forward-looking statements as a result of certain risk factors and uncertainties, including but not limited to: our ability to recruit and retain qualified temporary and permanent healthcare professionals and administrative staff upon acceptable terms; our ability to enter into contracts with hospitals, healthcare facility clients, affiliated healthcare networks, physician practice groups, government agencies and other customers on terms acceptable to us and to secure orders related to those contracts; changes in the timing of customer orders for placement of temporary and permanent healthcare professionals and administrative staff; the overall level of demand for our services; our ability to successfully implement our strategic growth, acquisition and integration strategies; the effect of existing or future government legislation and regulation; the loss of key officers and management personnel that could adversely affect our ability to remain competitive; other regulatory and tax developments; and the effect of other important factors disclosed previously and from time-to-time in TeamStaff’s filings with the U.S. Securities Exchange Commission. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the most recently ended fiscal year. The information in this release should be considered accurate only as of the date of the release. TeamStaff expressly disclaims any current intention to update any forecasts, estimates or other forward-looking statements contained in this press release.