<HTML>
<HEAD>
<TITLE>Form 8-K</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): April 29, 2009</B>


<P style="font-size: 24pt" align="center"><B>GLOBAL EMPLOYMENT HOLDINGS,
INC.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <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>
 </TR>
 <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>000-51737</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>43-2069359</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>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <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>10375 Park Meadows Dr., Suite
375<BR>
Lone Tree, Colorado<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>80124</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>(303) 216-9500</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <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>



<DIV
style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

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

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;1.01. Entry into a Material Definitive Agreement.</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B><I>Amendment to the Wells Fargo Credit and Security Agreement</I></B>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">On April&nbsp;29, 2009, each of the subsidiaries of Global Employment Holdings, Inc., referred to
herein as Global, amended the terms of their Credit and Security Agreement, referred to herein
as the Credit Agreement, with Wells Fargo Bank, N.A., referred to herein as Wells Fargo. The
material amendments to the Credit Agreement are as follows:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">We obtained an additional term loan from Wells Fargo in the principal
amount of $2.1&nbsp;million, referred to herein as the 2009 term advance.
Subject to certain limitations, the principal amount of the 2009 term
advance is due and payable in six equal monthly installments of
$350,000 beginning August&nbsp;3, 2009 and on the first day of each month
thereafter. All outstanding principal and interest due under the 2009
term advance is due and payable on the earlier of January&nbsp;4, 2010 or
the termination date of the Credit Agreement.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Beginning April&nbsp;29, 2009, the maximum amount of borrowings available
under the Credit Agreement was reduced to $13&nbsp;million from $20
million.</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">The calculation of the interest rate on the outstanding amounts under
the Credit Agreement changed. As amended, interest is now calculated:</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">with respect to the advances under the revolving line of
credit, an annual interest rate equal to (i)&nbsp;during the period from
April&nbsp;29, 2009 to and including June&nbsp;14, 2009, the WFBC Base Rate plus
2.25%, and (ii)&nbsp;on June&nbsp;15, 2009 and thereafter, the WFBC Base Rate
plus 2.50%; and</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">with respect to all term advances, an annual interest rate
equal to (i)&nbsp;during the period from April&nbsp;29, 2009 to and including
June&nbsp;14, 2009, the WFBC Base Rate plus 3.50%, and (ii)&nbsp;on June&nbsp;15,
2009 and thereafter, the WFBC Base Rate plus 4.75%.</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">We paid a fee of $58,000 to Wells Fargo in consideration for these amendments.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">As a condition to entering into the amendment, Wells Fargo required that Howard Brill, our
president and chief executive officer and a director, in his individual capacity, guarantee the
repayment of the 2009 term advance, herein referred to as the Guaranty. In order to secure Mr.
Brill&#146;s obligation under the Guaranty, Wells Fargo required that $2.1&nbsp;million in cash be
deposited into a restricted account with Wells Fargo. On April&nbsp;29, 2009, each of Mr.&nbsp;Brill and
Charlie Gwirtsman, the chairman of our board of directors, deposited $1,050,000 in cash into the
restricted Wells Fargo account and made such amount available to Wells Fargo in accordance with
the terms of the Guaranty, herein referred to as the Deposits.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">In exchange for making the Deposits, Global&#146;s subsidiary Global Employment Solutions, Inc. will
compensate Messrs.&nbsp;Brill and Gwirtsman in the following manner: (a)&nbsp;on the date that the
Deposits were made, a cash fee payable to each of Messrs.&nbsp;Brill and Gwirtsman in an amount equal
to 2.5% of the Deposits, respectively; (b)&nbsp;upon the termination of the Guaranty, a cash fee
payable to each of Messrs.&nbsp;Brill and Gwirtsman in an amount equal to 2.5% of the amount of the
Deposits, respectively; and (c)&nbsp;on each one month anniversary of the date that the Deposits are
made, a cash fee payable to each of Messrs.&nbsp;Brill and Gwirtsman in an amount equal to 1.0% (pro
rated for any partial month that funds remain in the Wells Fargo account) of the average balance
in the Wells Fargo account from each of Messrs.&nbsp;Brill and Gwirtsman, respectively, during such
one-month period.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

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


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>(d)</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify"><B><I>Exhibits</I></B></DIV></TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit #</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Reference</B></TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amendment to Credit and
Security Agreement dated as of April
29, 2009
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$2,100,000 Term Note
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

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

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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>SIGNATURE</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 2%">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">GLOBAL EMPLOYMENT HOLDINGS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: May 4, 2009&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Dan Hollenbach
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Dan Hollenbach&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

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

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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><U><B>Exhibit&nbsp;Index</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit #</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Reference</B></TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amendment to Credit and
Security Agreement dated as of April
29, 2009
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$2,100,000 Term Note
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed herewith</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



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

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



</BODY>
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{"company-data": {"conformed-name": "Global Employment Holdings, Inc.", "cik": "0001348155", "assigned-sic": "7363", "irs-number": "432069359", "fiscal-year-end": "0104"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51737", "film-number": "09792648"}, "business-address": {"street1": "C/O DAN HOLLENBACH", "street2": "10375 PARK MEADOWS DRIVE, SUITE 375", "city": "LONE TREE", "state": "CO", "zip": "80124", "phone": "303-200-1545"}, "mail-address": {"street1": "C/O DAN HOLLENBACH", "street2": "10375 PARK MEADOWS DRIVE, SUITE 375", "city": "LONE TREE", "state": "CO", "zip": "80124"}, "former-company": {"former-conformed-name": "R&R ACQUISITION I, INC", "date-changed": "20051228"}}
Form 8-K
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): April 29, 2009
GLOBAL EMPLOYMENT HOLDINGS,
INC.
(Exact name of registrant as
specified in its charter)
Delaware
000-51737
43-2069359
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
10375 Park Meadows Dr., Suite
375
Lone Tree, Colorado
80124
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(303) 216-9500
(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.
Amendment to the Wells Fargo Credit and Security Agreement
On April 29, 2009, each of the subsidiaries of Global Employment Holdings, Inc., referred to
herein as Global, amended the terms of their Credit and Security Agreement, referred to herein
as the Credit Agreement, with Wells Fargo Bank, N.A., referred to herein as Wells Fargo. The
material amendments to the Credit Agreement are as follows:
•
We obtained an additional term loan from Wells Fargo in the principal
amount of $2.1 million, referred to herein as the 2009 term advance.
Subject to certain limitations, the principal amount of the 2009 term
advance is due and payable in six equal monthly installments of
$350,000 beginning August 3, 2009 and on the first day of each month
thereafter. All outstanding principal and interest due under the 2009
term advance is due and payable on the earlier of January 4, 2010 or
the termination date of the Credit Agreement.
•
Beginning April 29, 2009, the maximum amount of borrowings available
under the Credit Agreement was reduced to $13 million from $20
million.
•
The calculation of the interest rate on the outstanding amounts under
the Credit Agreement changed. As amended, interest is now calculated:
•
with respect to the advances under the revolving line of
credit, an annual interest rate equal to (i) during the period from
April 29, 2009 to and including June 14, 2009, the WFBC Base Rate plus
2.25%, and (ii) on June 15, 2009 and thereafter, the WFBC Base Rate
plus 2.50%; and
•
with respect to all term advances, an annual interest rate
equal to (i) during the period from April 29, 2009 to and including
June 14, 2009, the WFBC Base Rate plus 3.50%, and (ii) on June 15,
2009 and thereafter, the WFBC Base Rate plus 4.75%.
We paid a fee of $58,000 to Wells Fargo in consideration for these amendments.
As a condition to entering into the amendment, Wells Fargo required that Howard Brill, our
president and chief executive officer and a director, in his individual capacity, guarantee the
repayment of the 2009 term advance, herein referred to as the Guaranty. In order to secure Mr.
Brill's obligation under the Guaranty, Wells Fargo required that $2.1 million in cash be
deposited into a restricted account with Wells Fargo. On April 29, 2009, each of Mr. Brill and
Charlie Gwirtsman, the chairman of our board of directors, deposited $1,050,000 in cash into the
restricted Wells Fargo account and made such amount available to Wells Fargo in accordance with
the terms of the Guaranty, herein referred to as the Deposits.
In exchange for making the Deposits, Global's subsidiary Global Employment Solutions, Inc. will
compensate Messrs. Brill and Gwirtsman in the following manner: (a) on the date that the
Deposits were made, a cash fee payable to each of Messrs. Brill and Gwirtsman in an amount equal
to 2.5% of the Deposits, respectively; (b) upon the termination of the Guaranty, a cash fee
payable to each of Messrs. Brill and Gwirtsman in an amount equal to 2.5% of the amount of the
Deposits, respectively; and (c) on each one month anniversary of the date that the Deposits are
made, a cash fee payable to each of Messrs. Brill and Gwirtsman in an amount equal to 1.0% (pro
rated for any partial month that funds remain in the Wells Fargo account) of the average balance
in the Wells Fargo account from each of Messrs. Brill and Gwirtsman, respectively, during such
one-month period.
Item 9.01. Financial Statements and Exhibits
(d)
Exhibits
Exhibit #
Description
Reference
10.1
Second Amendment to Credit and
Security Agreement dated as of April
29, 2009
Filed herewith
10.2
$2,100,000 Term Note
Filed herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
GLOBAL EMPLOYMENT HOLDINGS, INC.
Date: May 4, 2009
By:
/s/ Dan Hollenbach
Dan Hollenbach
Chief Financial Officer
Exhibit Index
Exhibit #
Description
Reference
10.1
Second Amendment to Credit and
Security Agreement dated as of April
29, 2009
Filed herewith
10.2
$2,100,000 Term Note
Filed herewith