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<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">&nbsp;</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">&nbsp;</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">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: justify">Date of Report (Date of earliest event reported)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">June 15, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">GLOBAL AXCESS CORP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">Nevada</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">000-17874</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">88-0199674</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of incorporation)</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">7800 Belfort Parkway, Suite 165, Jacksonville, Florida</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">32256</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">Registrant&rsquo;s telephone number, including area code</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold; text-align: center">(904) 280-3950</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">N/A</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: center">(Former name or former address, if changed since last report)</TD></TR>
<TR>
    <TD STYLE="width: 34%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 22%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0; padding-left: 0">&nbsp;</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"><FONT STYLE="font-size: 10pt; color: black">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):</FONT></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">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</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">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</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">[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</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">[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>(b) </B>Effective
June 15, 2012, William Costa, Chief Information Officer (CIO) of Global Axcess Corp., a Nevada corporation (the &ldquo;<B>Company</B>&rdquo;)
resigned from his position as the Company&rsquo;s CIO. The Company wishes to express its appreciation for his energy and efforts
in serving as CIO.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mr. Costa will continue
to work closely with the Company in a consulting role.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>(c)</B>&nbsp;&nbsp;On
June 19, 2012, the Company announced the promotion of Mr. Steven M. Rozick to become the Chief Operations Officer of the Company.&nbsp;Mr.
Rozick has been employed by the Company since April 7, 2010 and served as Director of Operations in support of both the DVD and
ATM portfolios.&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mr. Rozick, age 38,
has extensive experience in Operations management with over 10 years&rsquo; experience supporting kiosks in retail environments.&nbsp;He
previously served as National Field Operations Manager (January 2009-March 2010) for e-Play, LLC, a privately held company engaged
in the development and operation of DVD rental kiosks. In this role, he was responsible for managing all aspects of DVD kiosk installation,
operations, and support in the United States and Canada.&nbsp;Prior to working for e-Play, Mr. Rozick served as the Jacksonville
Division Manager (August 2007-November 2008) for Tolt Service Group and the Great Lakes Division Manager (November 2003-August
2007) for Rich Certified Services.&nbsp;In both roles, Mr. Rozick managed distributed field service teams maintaining Point-of-Sale,
network, kiosk, and support systems for various medium-to-large retail clients.&nbsp;Mr. Rozick is a graduate of the University
of Phoenix with a degree in Information Technology.&nbsp;Mr. Rozick served as a nuclear propulsion operations supervisor and trainer
for the United States Navy from 1991 to 1999.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt">Mr. Rozick&rsquo;s base
salary as Chief Operations Officer will be $112,500 per year.&nbsp;Mr. Rozick is also entitled to or eligible for an annual performance
bonus, participation in our benefits programs, and the receipt of certain other perquisites and reimbursements.&nbsp;<FONT STYLE="color: black">He
is also being granted options to purchase 80,000 shares of the Company&rsquo;s common stock at a strike price of $0.50 per share,
which options will vest based on certain performance conditions established by the Company.</FONT></P>

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<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"><B>SIGNATURES</B></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; text-autospace: none; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; text-autospace: none; font-weight: bold">GLOBAL AXCESS CORP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">Dated: June 21, 2012</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">By:<U> <I>/s/ Michael Loiacono</I></U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Name:&nbsp; Michael Loiacono</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Title: Chief Financial Officer</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">&nbsp;</P>



<P STYLE="margin: 0"></P>

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[{"type": "8-K", "sequence": "1", "filename": "v316620_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 14894}]
{"company-data": {"conformed-name": "GLOBAL AXCESS CORP", "cik": "0000852570", "assigned-sic": "7389", "irs-number": "880199674", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17874", "film-number": "12919588"}, "business-address": {"street1": "7800 BELFORT PARKWAY", "street2": "SUITE 165", "city": "JACKSONVILLE", "state": "FL", "zip": "32256", "phone": "9042803950"}, "mail-address": {"street1": "7800 BELFORT PARKWAY", "street2": "SUITE 165", "city": "JACKSONVILLE", "state": "FL", "zip": "32256"}, "former-company": [{"former-conformed-name": "NETHOLDINGS COM INC", "date-changed": "20001113"}, {"former-conformed-name": "XPLORER S A", "date-changed": "19960903"}, {"former-conformed-name": "GERANT INDUSTRIES INC", "date-changed": "19930513"}]}
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)
June 15, 2012
GLOBAL AXCESS CORP.
(Exact name of registrant as specified in its charter)
Nevada
000-17874
88-0199674
(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.
(b)
Effective
June 15, 2012, William Costa, Chief Information Officer (CIO) of Global Axcess Corp., a Nevada corporation (the "
Company
")
resigned from his position as the Company's CIO. The Company wishes to express its appreciation for his energy and efforts
in serving as CIO.
Mr. Costa will continue
to work closely with the Company in a consulting role.
(c)
On
June 19, 2012, the Company announced the promotion of Mr. Steven M. Rozick to become the Chief Operations Officer of the Company. Mr.
Rozick has been employed by the Company since April 7, 2010 and served as Director of Operations in support of both the DVD and
ATM portfolios.
Mr. Rozick, age 38,
has extensive experience in Operations management with over 10 years' experience supporting kiosks in retail environments. He
previously served as National Field Operations Manager (January 2009-March 2010) for e-Play, LLC, a privately held company engaged
in the development and operation of DVD rental kiosks. In this role, he was responsible for managing all aspects of DVD kiosk installation,
operations, and support in the United States and Canada. Prior to working for e-Play, Mr. Rozick served as the Jacksonville
Division Manager (August 2007-November 2008) for Tolt Service Group and the Great Lakes Division Manager (November 2003-August
2007) for Rich Certified Services. In both roles, Mr. Rozick managed distributed field service teams maintaining Point-of-Sale,
network, kiosk, and support systems for various medium-to-large retail clients. Mr. Rozick is a graduate of the University
of Phoenix with a degree in Information Technology. Mr. Rozick served as a nuclear propulsion operations supervisor and trainer
for the United States Navy from 1991 to 1999.
Mr. Rozick's base
salary as Chief Operations Officer will be $112,500 per year. Mr. Rozick is also entitled to or eligible for an annual performance
bonus, participation in our benefits programs, and the receipt of certain other perquisites and reimbursements.
He
is also being granted options to purchase 80,000 shares of the Company's common stock at a strike price of $0.50 per share,
which options will vest based on certain performance conditions established by the Company.
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.
Dated: June 21, 2012
By:
/s/ Michael Loiacono
Name:  Michael Loiacono
Title: Chief Financial Officer