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): February 11, 2011
GTSI Corp.
(Exact name of registrant as specified in its charter)
| Delaware | 1-34871 | 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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers. |
On February 11, 2011, Peter Whitfield, the chief financial officer of GTSI Corp. (“GTSI”), received a cash bonus of $103,700 from GTSI pursuant to a bonus arrangement authorized by GTSI’s Board of Directors for officers and employees. GTSI’s Board of Directors authorized the bonus arrangement to mitigate the adverse effect on the financial performance based compensation for more than 200 employees resulting from the previously reported temporary suspension of GTSI from federal contracting by the Small Business Administration on October 1, 2010 and the resulting administrative agreement dated October 19, 2010 between GTSI and the Small Business Administration.
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/ Sterling E. Phillips, Jr
Sterling E. Phillips, Jr
Chief Executive Officer and President
Date: February 17, 2011