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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (date of earliest event reported):
September 27, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GSE Holding, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.75pt solid"><B>Delaware</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">001-35382</TD>
    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">77-0619069</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 50%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">19103 Gundle Road, Houston, TX</TD>
    <TD STYLE="width: 50%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">77073</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code:<B> (281) 443-8564</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 1.01</B></TD><TD STYLE="text-align: justify"><B>Entry into a Material Definitive Agreement</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information contained in Item 5.02 with respect to the Consulting
Agreement (as defined below) is incorporated by reference into this Item 1.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As previously reported by GSE Holding, Inc.
(the &ldquo;<U>Company</U>&rdquo;) in a press release dated August 3, 2012, and in a Form 8-K filed on August 6, 2012, William
F. Lacey announced his resignation as the Company&rsquo;s Executive Vice President, Chief Financial Officer. The Company also reported
that Mr. Lacey will continue to oversee the Company's financial operations until a new chief financial officer is hired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with his resignation, Mr.
Lacey entered into a Consulting and Transition Agreement with the Company dated as of September 27, 2012 (the &ldquo;<U>Consulting
Agreement</U>&rdquo;). Under the Consulting Agreement, Mr. Lacey&rsquo;s resignation as an officer of the Company will be deemed
effective as of September 27, 2012 (the &ldquo;<U>Effective Date</U>&rdquo;). In accordance with the Consulting Agreement, Mr.
Lacey has agreed that following the Effective Date until the earlier of (i) two months after the Company&rsquo;s appointment of
a new chief financial officer, or (ii) December 31, 2012 (the &ldquo;<U>Service Period</U>&rdquo;), he will, as a non-officer employee,
continue to provide services associated with being the chief financial officer of the Company. During the Service Period, Mr. Lacey
will continue to be paid his regular base salary and he will be eligible to receive his management bonus for 2012 if earned in
accordance with the Company&rsquo;s existing management bonus plan. At the end of the Service Period, all unvested Company stock
options and restricted stock held by Mr. Lacey will become fully vested and exercisable as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Following the Service Period and conditioned
upon his signing a standard general release, Mr. Lacey will provide consulting services to the Company until December 31, 2013.
Under the Consulting Agreement, Mr. Lacey will receive an annual consulting fee of $280,000 and he will be entitled to participate
in the Company&rsquo;s standard employee health and welfare and ERISA retirement benefit plans or arrangements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing summary of the Consulting
Agreement between the Company and Mr. Lacey does not purport to be complete and is subject to, and qualified in its entirety by,
the full text of the Consulting Agreement, which is attached hereto as Exhibit 10.1 and is incorporated by reference into this
Current Report on Form 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 10%; vertical-align: bottom">Exhibits</TD>
    <TD STYLE="width: 90%; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom">Number</TD>
    <TD STYLE="vertical-align: top">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>10.1</TD>
    <TD>Consulting &amp; Transition Agreement dated September 27, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>SignatureS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: October 1, 2012</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 46%">GSE HOLDING, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Mark C. Arnold</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By: Mark C. Arnold</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: President and Chief Executive Officer</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "GSE Holding, Inc.", "cik": "0001275712", "assigned-sic": "3081", "irs-number": "770619069", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35382", "film-number": "121120699"}, "business-address": {"street1": "10 SOUTH WACKER DR.", "street2": "SUITE 3175", "city": "CHICAGO", "state": "IL", "zip": "60606", "phone": "281-443-8564"}, "mail-address": {"street1": "19103 GUNDLE ROAD", "city": "HOUSTON", "state": "TX", "zip": "77073"}, "former-company": {"former-conformed-name": "GEO HOLDINGS CORP", "date-changed": "20040108"}}
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):
September 27, 2012
GSE Holding, Inc.
(Exact name of registrant as specified in
its charter)
Delaware
(State or other jurisdiction of incorporation)
001-35382
77-0619069
(Commission File Number)
(IRS Employer Identification No.)
19103 Gundle Road, Houston, TX
77073
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:
(281) 443-8564
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:
¨
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 1.01
Entry into a Material Definitive Agreement
The information contained in Item 5.02 with respect to the Consulting
Agreement (as defined below) is incorporated by reference into this Item 1.01.
Item 5.02
Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported by GSE Holding, Inc.
(the "
Company
") in a press release dated August 3, 2012, and in a Form 8-K filed on August 6, 2012, William
F. Lacey announced his resignation as the Company's Executive Vice President, Chief Financial Officer. The Company also reported
that Mr. Lacey will continue to oversee the Company's financial operations until a new chief financial officer is hired.
In connection with his resignation, Mr.
Lacey entered into a Consulting and Transition Agreement with the Company dated as of September 27, 2012 (the "
Consulting
Agreement
"). Under the Consulting Agreement, Mr. Lacey's resignation as an officer of the Company will be deemed
effective as of September 27, 2012 (the "
Effective Date
"). In accordance with the Consulting Agreement, Mr.
Lacey has agreed that following the Effective Date until the earlier of (i) two months after the Company's appointment of
a new chief financial officer, or (ii) December 31, 2012 (the "
Service Period
"), he will, as a non-officer employee,
continue to provide services associated with being the chief financial officer of the Company. During the Service Period, Mr. Lacey
will continue to be paid his regular base salary and he will be eligible to receive his management bonus for 2012 if earned in
accordance with the Company's existing management bonus plan. At the end of the Service Period, all unvested Company stock
options and restricted stock held by Mr. Lacey will become fully vested and exercisable as of such date.
Following the Service Period and conditioned
upon his signing a standard general release, Mr. Lacey will provide consulting services to the Company until December 31, 2013.
Under the Consulting Agreement, Mr. Lacey will receive an annual consulting fee of $280,000 and he will be entitled to participate
in the Company's standard employee health and welfare and ERISA retirement benefit plans or arrangements.
The foregoing summary of the Consulting
Agreement between the Company and Mr. Lacey does not purport to be complete and is subject to, and qualified in its entirety by,
the full text of the Consulting Agreement, which is attached hereto as Exhibit 10.1 and is incorporated by reference into this
Current Report on Form 8-K
Item 9.01         Financial Statements and Exhibits.
Exhibits
Number
Description
10.1
Consulting & Transition Agreement dated September 27, 2012.
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.
Date: October 1, 2012
GSE HOLDING, INC.
/s/ Mark C. Arnold
By: Mark C. Arnold
Title: President and Chief Executive Officer