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): October 1, 2010

GTSI Corp.
(Exact name of registrant as specified in its charter)

Delaware	001-34871	54-1248422
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2553 Dulles View Drive, #100 Herndon, Virginia	20171-5219
(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 8.01 Other Events.

On October 1, 2010, GTSI Corp. (“GTSI”) received notice from the U.S. Small Business Administration (“SBA”) that GTSI was temporarily suspended from federal government contracting and from directly or indirectly receiving the benefits of federal assistance programs. The notice of temporary suspension was issued by SBA in regards to its investigation of possible violations related to GTSI’s Department of Homeland Security FirstSource multiple award indefinite delivery/indefinite quantity contract, as a 100% small business set-aside. The temporary suspension applies to all federal agencies and GTSI divisions. GTSI may continue working on existing contracts, unless a particular agency directs otherwise.

Prior to learning of the temporary suspension notification on October 1, 2010, GTSI had not been contacted by SBA regarding this matter. Under federal procurement procedures, GTSI has 30 days in which to contest the scope of the temporary suspension, which can continue for an initial period of up to one year pending the completion of the investigation. GTSI intends to take prompt action to work with the SBA to address this situation to allow GTSI to continue serving its federal government customers. The results of SBA’s suspension and related investigation cannot be predicted with certainty and such results could include administrative, civil or criminal liabilities — including repayments, fines or penalties being imposed on GTSI — or GTSI’s debarment from future U. S. government contracting, any of which could have a material adverse effect on GTSI’s going concern status, financial condition and results of operations.

On October 1, 2010, GTSI issued a press release announcing that it received notice from the SBA with respect to the temporary suspension. On October 4, 2010, GTSI issued a press release to provide further information regarding this matter, including the particular federal contract at issue and GTSI’s intention to take all appropriate actions to work with the SBA to address this situation promptly. Copies of the press releases, dated October 1, 2010 and October 4, 2010, are attached hereto as Exhibits 99.1 and 99.2, respectively.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

99.1 Press release dated October 1, 2010

99.2 Press release dated October 4, 2010

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/ Scott Friedlander
Scott Friedlander
President & CEO

Date: October 6, 2010

EX-99.1

Exhibit 99.1

GTSI Responds to Notification by the Small Business Administration

HERNDON, VA., October 1, 2010 — GTSI Corp. (NASDAQ: GTSI), a systems integrator, solutions and services provider to the government, today provide the following statement:

An Open Letter to Our Employees, Customers, Partners and Investors
 
On October 1, 2010 at 4:14PM, GTSI received a notice from the Small Business Administration (SBA) indicating that it was suspending GTSI from any future contract awards from the federal government. The SBA sent out the Letter of Suspension notification late Friday afternoon by facsimile and the SBA took this action without prior discussion or notice to GTSI.
 
Until tonight, no government agency had made an allegation that GTSI had violated any law or regulations regarding this matter.
 
We appreciate your support during this time and look forward to providing you with a report on our activities as the situation warrants.  Please be assured that we will fight to restore our good name.
 
Scott Friedlander
President and Chief Executive Officer

About GTSI Corp.
GTSI Corp. provides a Technology Lifecycle Management (TLM) approach to IT infrastructure solutions delivered through industry-leading professional and financial services.  GTSI employs a proactive, strategic methodology that streamlines technology lifecycle management, from initial assessment to acquisition, implementation, refresh, and disposal.  TLM allows customers to implement solutions quickly and cost-effectively.  GTSI’s certified engineers and project managers leverage strategic partnerships with technology innovators. These experts use proven, repeatable processes to design, deploy, manage, and support simple to complex solutions, to meet client’s current and future requirements and business objectives.  GTSI is headquartered in Northern Virginia, outside of Washington, D.C. and was named as one of “Best Places to Work” in 2009. Further information about the Company is available at www.GTSI.com.

Except for historical information, all of the statements, expectations, beliefs and assumptions contained in the foregoing are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management, including, but not limited to, those relating to sales, margins, operating results and net income, and the effect of new contracts and lender agreements, as well as new vendor relationships may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors that could cause actual results to differ materially are discussed in the Company’s most recent annual report on Form 10–K and included from time to time in other documents filed by the Company with the Securities and Exchange Commission.

GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other countries. All trade names are the property of their respective owners.

GTSI Contact:
Paul Liberty
Vice President, Corporate Affairs & Investor Relations
703.502.2540
paul.liberty@gtsi.com

EX-99.2

Exhibit 99.2

GTSI Provides Update on Temporary Suspension by the Small Business Administration

HERNDON, VA., October 4, 2010 — GTSI Corp. (NASDAQ: GTSI), a systems integrator, solutions and services provider to the government, said today that, as previously announced, on October 1, 2010, it received notice from the Small Business Administration (SBA) that GTSI was temporarily suspended from participating in new business with U.S. Federal government agencies.

The notice of temporary suspension was issued by the SBA in regards to its investigation of possible violations related to the Department of Homeland Securities’ FirstSource contract. The temporary suspension applies to all Federal agencies and GTSI business units. GTSI may continue working on existing contracts, unless a particular agency directs otherwise.

GTSI has proudly served its government customers for nearly three decades, providing critical enterprise-level technology solutions and services throughout federal agencies. During that service, GTSI has been a trusted partner and has been committed to applying its key core values of integrity, trust, teamwork, accountability and customer focus. GTSI regularly conducts ethics training and individual attestations of proper ethical behavior from all employees as part of the company’s efforts to enforce high standards of personal and professional conduct.

Prior to learning of the temporary suspension notification on October 1, 2010, GTSI had not been contacted by the SBA regarding this matter. Under federal procurement procedures, GTSI has 30 days in which to contest the scope of the temporary suspension, which can continue for an initial period of up to one year pending the completion of the investigation. GTSI intends to take prompt action to work with the SBA to address this situation to allow GTSI to continue serving its federal government customers. The results of the SBA’s suspension and related investigation cannot be predicted with certainty, however, and such results could include administrative, civil or criminal liabilities — including repayments, fines or penalties being imposed on GTSI — or GTSI’s debarment from future U.S. government contracting, any of which could have a material adverse effect on GTSI’s going concern status, financial condition and results of operations.

About GTSI Corp.
GTSI Corp. provides a Technology Lifecycle Management (TLM) approach to IT infrastructure solutions delivered through industry-leading professional and financial services.  GTSI employs a proactive, strategic methodology that streamlines technology lifecycle management, from initial assessment to acquisition, implementation, refresh, and disposal.  TLM allows customers to implement solutions quickly and cost-effectively.  GTSI’s certified engineers and project managers leverage strategic partnerships with technology innovators. These experts use proven, repeatable processes to design, deploy, manage, and support simple to complex solutions, to meet client’s current and future requirements and business objectives.  GTSI is headquartered in Northern Virginia, outside of Washington, D.C. and was named as one of “Best Places to Work” in 2009. Further information about the Company is available at www.GTSI.com.

Except for historical information, all of the statements, expectations, beliefs and assumptions contained in the foregoing are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management, including, but not limited to, those relating to sales, margins, operating results and net income, and the effect of new contracts and lender agreements, as well as new vendor relationships may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors that could cause actual results to differ materially are discussed in the Company’s most recent annual report on Form 10–K and included from time to time in other documents filed by the Company with the Securities and Exchange Commission.

GTSI and GTSI.com are registered trademarks of GTSI Corp. in the U.S. and other countries. All trade names are the property of their respective owners.

GTSI Contact:
Paul Liberty
Vice President, Corporate Affairs & Investor Relations
703.502.2540
paul.liberty@gtsi.com