-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fdc1NXf2cftis0PA5VQU6Me4GB76G5RnEcAxRKitfYNKqmVPtv6FqptTV//wOPbD LXYzofVRAvYHx3VfFE+Shg== 0001169232-09-003111.txt : 20090623 0001169232-09-003111.hdr.sgml : 20090623 20090623165036 ACCESSION NUMBER: 0001169232-09-003111 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090622 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090623 DATE AS OF CHANGE: 20090623 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL EMPLOYMENT ENTERPRISES INC CENTRAL INDEX KEY: 0000040570 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EMPLOYMENT AGENCIES [7361] IRS NUMBER: 366097429 STATE OF INCORPORATION: IL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05707 FILM NUMBER: 09905797 BUSINESS ADDRESS: STREET 1: ONE TOWER LANE STREET 2: SUITE 2200 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60181 BUSINESS PHONE: 630-954-0400 MAIL ADDRESS: STREET 1: ONE TOWER LANE STREET 2: SUITE 2200 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60181 FORMER COMPANY: FORMER CONFORMED NAME: OSHEA CHARLES M CORP DATE OF NAME CHANGE: 19670413 8-K 1 d77249_8-k.htm CURRENT REPORT

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): June 22, 2009

 

 

GENERAL EMPLOYMENT ENTERPRISES, INC

(Exact name of registrant as specified in its charter)

 

Illinois

1-05707

36-6097429

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification Number)

 

 

One Tower Lane, Suite 2200, Oakbrook Terrace, Illinois

60181

(Address of principal executive offices)

(Zip Code)

 

 

Registrant’s telephone number, including area code:

(630) 954-0400

 

 

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 8.01, Other Events.

 

On June 22, 2009, General Employment Enterprises, Inc. (“General Employment”) issued a press release to announce that, at its special meeting of shareholders held on June 22, 2009, General Employment’s shareholders approved (i) the previously announced sale by General Employment of 7,700,000 newly-issued shares of its Common Stock to PSQ, LLC (the “Share Purchase”) at a price of $0.25 per share pursuant to a securities purchase and tender offer agreement entered into between General Employment and PSQ on March 30, 2009, which provides for, among other things, the Share Purchase and the offer by PSQ to acquire up to 2,500,000 shares of Common Stock from General Employment’s shareholders pursuant to a cash tender offer upon the terms and conditions set forth in the agreement (the “Tender Offer”), and (ii) the change of control that will result from such Share Purchase.

 

General Employment expects to close the Share Purchase promptly after the expiration of the Tender Offer, which expiration is scheduled to occur on June 30, 2009. Consummation of the Share Purchase and the Tender Offer is subject to certain customary closing conditions.

A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01, Financial Statements and Exhibits.

 

The following exhibit is filed as a part of this report:

 

 

 

 

2

 

 


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.

 

 

 

GENERAL EMPLOYMENT ENTERPRISES, INC.

(Registrant)

 

Date: June 22, 2009

By: /s/ Kent M. Yauch

 

Kent M. Yauch

 

Vice President, Chief Financial

 

Officer and Treasurer

 

 

 

3

 

 

 

EX-99.1 2 d77249_ex99-1.htm PRESS RELEASE

Exhibit 99.01


General Employment Enterprises, Inc., Oakbrook Terrace Tower, Suite 2200, Oakbrook Terrace, IL 60181,
(630) 954-0400

 

FOR IMMEDIATE RELEASE:

June 22, 2009

 

 

COMPANY:

General Employment Enterprises, Inc.

 

CONTACT:

Herbert F. Imhoff, Jr.

 

Chief Executive Officer and President

 

Phone: (630) 954-0495 Fax: (630) 954-0595

 

E-mail: invest@genp.com

 

 

GENERAL EMPLOYMENT ENTERPRISES, INC. ANNOUNCES APPROVAL AT SPECIAL MEETING OF SHAREHOLDERS OF SHARE SALE TO PSQ, LLC

 

OAKBROOK TERRACE, IL –General Employment Enterprises, Inc. (NYSE Amex: JOB) announced that, at its special meeting of shareholders held today, General Employment’s shareholders approved (i) the previously announced sale by General Employment of 7,700,000 newly-issued shares of its Common Stock to PSQ, LLC (the “Share Purchase”) at a price of $0.25 per share pursuant to a securities purchase and tender offer agreement entered into between General Employment and PSQ on March 30, 2009, which provides for, among other things, the Share Purchase and the offer by PSQ to acquire up to 2,500,000 shares of Common Stock from General Employment’s shareholders pursuant to a cash tender offer upon the terms and conditions set forth in the agreement (the “Tender Offer”), and (ii) the change of control that will result from such Share Purchase.

 

General Employment expects to close the Share Purchase promptly after the expiration of the Tender Offer, which expiration is scheduled to occur on June 30, 2009. Consummation of the Share Purchase and the Tender Offer is subject to certain customary closing conditions.

 

About General Employment

 

General Employment provides professional staffing services through a network of 16 branch offices located in nine states, and specializes in information technology, accounting and engineering placements.

 

Forward-Looking Statements

 

The statements made in this press release which are not historical facts are forward-looking statements and, except for statements relating to the Tender Offer described in this press release, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements regarding the acquisition of shares pursuant to the Share Purchase or the Tender Offer, the filing of documents and information with the SEC, other future or anticipated matters regarding the transactions discussed in this release and the timing of such matters. Such forward-looking statements often contain or are prefaced by words such as “will” and “expect.” As a result of a number of factors, our actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ materially from those in the forward-looking statements include, without limitation: (1) the risk that the conditions to the closing of the Tender Offer or the Share Purchase set forth in the securities purchase and tender offer agreement will not be satisfied, (2) changes in General Employment’s business during the period between the date of this press release and the closing,

 


(3) obtaining regulatory approvals (if required) for the transaction, (4) the risk that the transactions will not be consummated on the terms or timeline first announced, and (5) those factors set forth under the heading “Forward-Looking Statements” in our annual report on Form 10-KSB for the fiscal year ended September 30, 2008, and in our other filings with the SEC. General Employment is under no obligation to (and expressly disclaims any such obligation to) and does not intend to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

 

 

 

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