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                                  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

                                October 17, 2010
                Date of Report (Date of earliest event reported)


                        GLOBAL ENTERTAINMENT CORPORATION
             (Exact name of registrant as specified in its charter)


          Nevada                        000-50643                86-0933274
(State or other jurisdiction        (Commission File           (IRS Employer
     of incorporation)                   Number)             Identification No.)

1600 N. Desert Drive, Suite 301, Tempe, AZ                         85281
(Address of principal executive offices)                         (Zip Code)

       Registrant's telephone number, including area code (480) 994-0772

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:

[ ] Written communications pursuant to Rule 425 under 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) On  October  17,  2010,  James  Yeager,  Senior  Vice-President,  Chief
Financial  Officer  and  Treasurer  of  Global  Entertainment  Corporation  (the
"Company"), resigned from the Company effective immediately.

     (c) The  Company  has  announced  that  Charles  B.  Mathews,  46, has been
appointed to replace Mr. Yeager as Vice-President and Chief Financial Officer of
the Company, effective October 18, 2010.

     Mr.  Mathews  brings  more  than 18  years  of  accounting  and  management
experience  to the Company.  He previously  served as the managing  principal of
Mathews & Mann,  LLC, an  accounting  and business  consulting  firm in Phoenix,
Arizona.  From  December  2007 to March  2009,  Mr.  Mathews  was Interim CFO of
Education 2020, a virtual  education company focused on students in grades 6-12.
From March 2004 to November  2007,  Mr. Mathews was Executive Vice President and
Chief  Financial  Officer of Quepasa  Corporation,  a  publicly  traded  leading
Hispanic  internet  portal.  Mr.  Mathews has  extensive  experience  in helping
companies with turn-around situations and corporate restructuring.  Mr. Mathews,
a Certified Public Accountant, has a B.A. in Business Administration from Alaska
Pacific University and an M.B.A. from Arizona State University.

     There are no  arrangements  or  understandings  between Mr. Mathews and any
other  person   pursuant  to  which  Mr.   Mathews  was  selected  to  serve  as
Vice-President  and Chief Financial Officer of the Company.  There are no family
relationships  between Mr. Mathews and any director or executive  officer of the
Company. There has been no transaction, nor are there any proposed transactions,
between the Company and Mr.  Mathews that would require  disclosure  pursuant to
Item 404(a) of Regulation S-K.

     The Company and Mr. Mathews  entered into an offer letter dated October 12,
2010,  which  provides  that Mr.  Mathews' base salary will be $90,000 per year,
with bonuses to be determined at the discretion of the Company's Chief Executive
Officer and  Compensation  Committee.  Mr. Mathews will be eligible for expense,
travel  and  insurance   reimbursement   consistent  with  the  Company's  other
employees.  Following an  introductory  period of thirty (30) days,  Mr. Mathews
will also be eligible to participate in the Company's Group Benefit Program.

     A copy of the press release  announcing Mr.  Mathews'  appointment  and Mr.
Yeager's  retirement is attached as Exhibit 99.1 to this Current  Report on Form
8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

The following  materials are attached as exhibits to this Current Report on Form
8-K:

Exhibit
Number                        Description
------                        -----------

99.1            Press release dated October 20, 2010.

                                       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 hereunto duly authorized.

                                  GLOBAL ENTERTAINMENT CORPORATION


Date: October 20, 2010            By: /s/ Charles B. Mathews
                                     -------------------------------------------
                                  Name:  Charles B. Mathews
                                  Title: Vice President, Chief Financial Officer