gee8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 21, 2009
GENERAL
EMPLOYMENT ENTERPRISES, INC
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(Exact
name of registrant as specified in its charter)
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Illinois
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1-05707
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36-6097429
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification Number)
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One
Tower Lane, Suite 2200, Oakbrook Terrace, Illinois
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60181
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
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(630)
954-0400
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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 into a Material Definitive Agreement.
Under the
terms of the Agreement, the principal owner of the Seller has agreed to enter
into a consulting agreement with the Registrant so that there is a continuity of
management between the Seller’s core business and the continuing operations of
the Registrant after the closing of the transaction. The purchase
price for the Seller’s core business and assets is to be paid by the Registrant
by the issuance of no more than 2,000,000 shares of the Registrant’s restricted
common stock, subject to rights of adjustment that may reduce the number of
shares based on the profitability of the core business to be acquired by the
Registrant.
The
closing of the transaction described in the Agreement is subject to approval by
both parties on the final definitive transaction documents memorializing the
Agreement, but the Registrant’s Board of Directors approved the transaction
subject to management’s acceptance and execution of the final closing
documents.
Item
9.01 Financial Statements and Exhibits
Exhibit
99.1
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Agreement
Between the Registrant and GT Systems, Inc. Effective December 21,
2009.
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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, thereunto
duly authorized.
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GENERAL EMPLOYMENT ENTERPRISES,
INC.
(Registrant)
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Date: December
28, 2009
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By:
/s/ Salvatore J. Zizza
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Salvatore
J. Zizza
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Chief
Executive Officer
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