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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): December 19, 2008</B>


<P style="font-size: 24pt" align="center"><B>GTSI Corp.</B><BR> <FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
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cellpadding="0" width="100%" border="0">

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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-19394</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>54-1248422</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>2553 Dulles View Drive, #100<BR>Herndon, Virginia</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>20171</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(703) 502-2000</B>
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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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 style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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<P style="font-size: 10pt" align="justify"><BR>
<B>Item&nbsp;1.01 Entry Into a
Material Definitive Agreement</B> <BR>
&nbsp; <BR>
On December&nbsp;19, 2008,
GTSI Corp. (the &#8220;Company&#8221; or &#8220;GTSI&#8221;) and its wholly
owned subsidiaries Technology Logistics, Inc., GTSI Professional Service, Inc.,
and GTSI Financial Services, Inc., the Lenders, and SunTrust Bank, in its
capacity as Administrative Agent for the Lenders executed a Fifth Amendment to
the Company&#8217;s Credit Facilities Agreement, dated as of June&nbsp;2, 2006,
as amended (the &#8220;Credit Agreement&#8221;).

<P style="font-size: 10pt" align="justify">The Fifth Amendment revised several
provisions of the Credit Agreement contained in the Definitions and Restricted
Payment and Purchases sections. The revised Section&nbsp;8.4 allows the Company
prior to February&nbsp;15, 2009 to repurchase its common stock in an amount not
to exceed $5,000,000, subject to specific terms and conditions. The Amendment
also redefines the &#8220;Fixed Charge Coverage Ratio&#8221; to exclude the
funds used to repurchase common stock, and to make other adjustments. In
exchange for these financial covenant accommodations the Company agreed to make
a one-time amendment fee payment to the Lenders in an aggregate amount of
$202,500 (equal to 0.15% of each Lender&#8217;s portion of the Revolving Loan
Commitment).

<P style="font-size: 10pt" align="justify">The foregoing does not constitute a
complete summary of the terms of these amendments, and reference is made to the
complete text of the Amendment which is attached hereto as Exhibit&nbsp;10.1.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;8.01 Other Events</B>

<P style="font-size: 10pt" align="justify">Effective December&nbsp;19, 2008,
the GTSI Board of Directors (the &#8220;Board&#8221;) authorized a program for
the periodic purchase of GTSI common stock over the next 24&nbsp;month period
in an aggregate amount not to exceed two million shares. GTSI&#8217;s
repurchase of shares may be conducted from time to time as GTSI&#8217;s chief
executive officer or chief financial officer may determine in open market
transaction or privately negotiated transactions. Such stock repurchase program
is subject to applicable legal requirements, GTSI&#8217;s Credit Agreement,
including the restrictions therein on repurchasing GTSI common stock (see
Item&nbsp;1.01 above), quarterly reporting to the Board of any stock
repurchased; and prior approval by the Board for any Company&#8217;s use of the
repurchased shares. The repurchase program does not obligate GTSI to acquire
any particular number of shares. In addition, if any shares are purchased in
open market transaction, such purchases would not occur until after GTSI has
publicly disclosed in 2009 its results of operations for the fiscal year ending
December 31, 2008. As of December&nbsp;22, 2008, GTSI had 9,791,273 shares
outstanding and the GTSI per share closing price was $5.89.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;9.01 Financial
Statements and Exhibits</B>

<P style="font-size: 10pt" align="justify">(d)&nbsp;Exhibits.

<P>
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 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%">10.1</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">Fifth Amendment to Credit Agreement dated as
of December&nbsp;19, 2008 between GTSI Corp., the Lenders, the other Borrower
Parties, and SunTrust Bank.</DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">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.

<P style="font-size: 10pt; margin-left: 46%" align="justify"><B>GTSI Corp.</B>

<P style="font-size: 10pt; margin-left: 46%" align="justify">By: <U><B>/</B>s/
Peter
Whitfield&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Peter
Whitfield<BR>
Senior Vice President and CFO<BR>


<P style="font-size: 10pt" align="justify">Date: December&nbsp;23, 2008

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
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border="0">
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  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
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<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top" align="left" colspan="3"><B>Exhibit</B></TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px"><B>No.</B> </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left"><B>Description</B></TD>
 </TR>
 <TR style="font-size: 1px">
  <TD style="border-top: #000000 1px solid" valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
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<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="8%">10.1</TD>
  <TD width="5%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify">Fifth Amendment to Credit Agreement dated as
of December&nbsp;19, 2008 between GTSI Corp., the Lenders, the other Borrower
Parties, and SunTrust Bank.</DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
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</HTML>
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{"company-data": {"conformed-name": "GTSI CORP", "cik": "0000850483", "assigned-sic": "5045", "irs-number": "541248422", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19394", "film-number": "081268336"}, "business-address": {"street1": "2553 DULLES VIEW DRIVE", "street2": "SUITE 100", "city": "HERNDON", "state": "VA", "zip": "20171-5219", "phone": "703-502-2000"}, "mail-address": {"street1": "2553 DULLES VIEW DRIVE", "street2": "SUITE 100", "city": "HERNDON", "state": "VA", "zip": "20171-5219"}}
Filed by Bowne Pure Compliance
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): December 19, 2008
GTSI Corp.
(Exact name of registrant as specified in its charter)
Delaware
0-19394
54-1248422
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2553 Dulles View Drive, #100
Herndon, Virginia
20171
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(703) 502-2000
(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))
Item 1.01 Entry Into a
Material Definitive Agreement
On December 19, 2008,
GTSI Corp. (the "Company" or "GTSI") and its wholly
owned subsidiaries Technology Logistics, Inc., GTSI Professional Service, Inc.,
and GTSI Financial Services, Inc., the Lenders, and SunTrust Bank, in its
capacity as Administrative Agent for the Lenders executed a Fifth Amendment to
the Company's Credit Facilities Agreement, dated as of June 2, 2006,
as amended (the "Credit Agreement").
The Fifth Amendment revised several
provisions of the Credit Agreement contained in the Definitions and Restricted
Payment and Purchases sections. The revised Section 8.4 allows the Company
prior to February 15, 2009 to repurchase its common stock in an amount not
to exceed $5,000,000, subject to specific terms and conditions. The Amendment
also redefines the "Fixed Charge Coverage Ratio" to exclude the
funds used to repurchase common stock, and to make other adjustments. In
exchange for these financial covenant accommodations the Company agreed to make
a one-time amendment fee payment to the Lenders in an aggregate amount of
$202,500 (equal to 0.15% of each Lender's portion of the Revolving Loan
Commitment).
The foregoing does not constitute a
complete summary of the terms of these amendments, and reference is made to the
complete text of the Amendment which is attached hereto as Exhibit 10.1.
Item 8.01 Other Events
Effective December 19, 2008,
the GTSI Board of Directors (the "Board") authorized a program for
the periodic purchase of GTSI common stock over the next 24 month period
in an aggregate amount not to exceed two million shares. GTSI's
repurchase of shares may be conducted from time to time as GTSI's chief
executive officer or chief financial officer may determine in open market
transaction or privately negotiated transactions. Such stock repurchase program
is subject to applicable legal requirements, GTSI's Credit Agreement,
including the restrictions therein on repurchasing GTSI common stock (see
Item 1.01 above), quarterly reporting to the Board of any stock
repurchased; and prior approval by the Board for any Company's use of the
repurchased shares. The repurchase program does not obligate GTSI to acquire
any particular number of shares. In addition, if any shares are purchased in
open market transaction, such purchases would not occur until after GTSI has
publicly disclosed in 2009 its results of operations for the fiscal year ending
December 31, 2008. As of December 22, 2008, GTSI had 9,791,273 shares
outstanding and the GTSI per share closing price was $5.89.
Item 9.01 Financial
Statements and Exhibits
(d) Exhibits.
10.1
Fifth Amendment to Credit Agreement dated as
of December 19, 2008 between GTSI Corp., the Lenders, the other Borrower
Parties, and SunTrust Bank.
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.
GTSI Corp.
By:
/
s/
Peter
Whitfield
Peter
Whitfield
Senior Vice President and CFO
Date: December 23, 2008
EXHIBIT INDEX
Exhibit
No.
Description
10.1
Fifth Amendment to Credit Agreement dated as
of December 19, 2008 between GTSI Corp., the Lenders, the other Borrower
Parties, and SunTrust Bank.