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<SEC-DOCUMENT>0000950123-09-058434.txt : 20091105
<SEC-HEADER>0000950123-09-058434.hdr.sgml : 20091105
<ACCEPTANCE-DATETIME>20091105163038
ACCESSION NUMBER:		0000950123-09-058434
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20091102
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091105
DATE AS OF CHANGE:		20091105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEAMSTAFF INC
		CENTRAL INDEX KEY:			0000785557
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HELP SUPPLY SERVICES [7363]
		IRS NUMBER:				221899798
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18492
		FILM NUMBER:		091161546

	BUSINESS ADDRESS:	
		STREET 1:		300 ATRIUM DRIVE
		CITY:			SOUTH PLAINFIELD
		STATE:			NJ
		ZIP:			08873
		BUSINESS PHONE:		7327481700

	MAIL ADDRESS:	
		STREET 1:		300 ATRIUM DRIVE
		CITY:			SOUTH PLAINFIELD
		STATE:			NJ
		ZIP:			08873

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIGITAL SOLUTIONS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c91941e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">
<DIV style="font-size: 10pt">
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
<DIV style="font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>

<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): November 2, 2009</B>

<P style="font-size: 24pt" align="center"><B>TeamStaff, 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>New Jersey</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-18492</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>22-1899798</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>1 Executive
Drive<BR>
Somerset, NJ</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>08873</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>(877) 523-9897</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="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="7%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="85%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD nowrap align="left"><B>Item 3.02</B></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" align="left"><B>Unregistered Sales of Equity Securities.</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">The information required to be disclosed in
this Item&nbsp;3.02 concerning the grant of restricted stock awards to
Mr.&nbsp;Rick J.&nbsp;Filippelli is incorporated herein by reference from
Item&nbsp;5.02.</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV
style="margin-left: 0px; text-indent: 0px"><B>Item&nbsp;5.02</B>&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left"><B>Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</B></TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">On November&nbsp;3, 2009, TeamStaff, Inc., (the
&#8220;Registrant&#8221; or &#8220;TeamStaff&#8221;) announced in a press
release that Mr.&nbsp;Rick J. Filippelli, who has served as the
Registrant&#8217;s President and Chief Executive Officer since
January&nbsp;2007, has informed the Board of his intent to resign from such
positions in connection with the Registrant&#8217;s strategic shift in its
current business plan. Mr.&nbsp;Filippelli&#8217;s resignation as President and
Chief Executive Officer will become effective at the end of January&nbsp;2010.
Mr.&nbsp;Filippelli has agreed to assist the Registrant with its transition to
a new Chief Executive Officer. The Registrant&#8217;s Board has established a
search committee to identify candidates for Chief Executive Officer.</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">In connection with the foregoing, on
November&nbsp;2, 2009, the Registrant entered into a new employment agreement
with Mr.&nbsp;Filippelli, the material terms of which are summarized below. As
used in the following summary, the term &#8220;Executive&#8221; shall refer to
Mr.&nbsp;Filippelli. The following description of this employment is qualified
in its entirety by reference to the full text of such agreement. The new
employment agreement supersedes and replaces the employment agreement that the
Company entered into with Mr.&nbsp;Filippelli on April&nbsp;17, 2008. </TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226; &nbsp;&nbsp; &nbsp;The new employment agreement is dated
November&nbsp;2, 2009, is effective as of October&nbsp;1, 2009 and expires
January&nbsp;31, 2010, unless both parties agree to extend the term. Under the
employment agreement, the Executive will receive a base salary of $290,000 and
may receive a bonus in the sole discretion of the Management Resources and
Compensation Committee of the Board of Directors. </TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226;
&nbsp;&nbsp; Under the new employment agreement, Mr.&nbsp;Filippelli was
granted options to purchase 30,000 shares of common stock. The options are
exercisable for five years from the date of grant and vest upon the termination
date, as defined in the new employment agreement, provided the Executive
complies with the obligations described therein. The exercise price of the
options shall be equal to closing price of the Registrant&#8217;s common stock
on the execution date of the new employment agreement. </TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp; &nbsp;&#8226;
&nbsp;&nbsp; In the event of a termination of Executive&#8217;s employment by
the Executive for good reason (as defined in the employment agreement),
(a)&nbsp;the Executive&#8217;s right to purchase shares of common stock of the
Registrant pursuant to any stock option or stock option plan shall immediately
fully vest and become exercisable, (b)&nbsp;the exercise period in which he may
exercise his options to purchase common stock shall be extended to the duration
of their original term, as if he remained an employee of the Company, and
(c)&nbsp;the terms of such options shall be deemed amended to reflect the
foregoing provisions. Further, in the event of a termination of the
Executive&#8217;s employment for cause, options granted and not exercised as of
the termination date shall terminate immediately and be null and void. In the
event of a termination of Executive&#8217;s employment due to his death or
disability, the Executive&#8217;s (or his estate&#8217;s or legal
representative&#8217;s) right to exercise any stock option, to the extent
vested as of the termination date, shall remain exercisable for a period of
twelve (12)&nbsp;months following the termination date, but in no event after
the expiration of the exercise period. In the event of a termination of
Executive&#8217;s employment other than for good reason, his right to exercise
the stock options, to the extent vested as of the termination date, shall
remain exercisable for a period of three months following the termination date,
but in no event after the expiration of the exercise period. </TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226; &nbsp; The employment agreement further provides that in
the event of a change in control (as defined in the employment agreement), or
termination without cause by the Registrant or for good reason (as defined in
the employment agreement) by the Executive, the conditions to the vesting of
any outstanding restricted stock awards granted to the Executive shall be
deemed void and all such shares shall be immediately and fully vested and
delivered to the Executive. </TD>
</TR>

<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">2

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

<P style="display: none; font-size: 10pt" align="center">2
</DIV>

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

<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="7%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="85%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226; &nbsp; In the event of the
termination of employment by us without &#8220;cause&#8221; or by the Executive
for &#8220;good reason,&#8221; as those terms are defined in the employment
agreement, or in the event his employment is terminated due to his disability,
the Executive would be entitled to: (a)&nbsp;a severance payment of
12&nbsp;months of base salary; (b)&nbsp;continued participation in our health
and welfare plans&nbsp;for a period not to exceed 18&nbsp;months from the
termination date; and (c)&nbsp;all compensation accrued but not paid as of the
termination date. In the event of the termination of his employment due to his
death, the Executive&#8217;s estate would be entitled to receive all
compensation accrued but not paid as of the termination date and continued
participation in our health and welfare plans&nbsp;for a period not to exceed
18&nbsp;months from the termination date. If the Executive&#8217;s employment
is terminated by us for &#8220;cause&#8221; or by him without &#8220;good
reason,&#8221; he is not entitled to any additional compensation or benefits
other than his accrued and unpaid compensation. </TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226; &nbsp; In
the event that within 180&nbsp;days of a &#8220;Change in Control&#8221;, as
defined in the employment agreement, (a)&nbsp;the Executive is terminated, or
(b) his status, title, position or responsibilities are materially reduced and
the Executive terminates his employment, the Company shall pay and/or provide
to the Executive, the following compensation and benefits:</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">(A) The Company shall pay the Executive, in
lieu of any other payments due hereunder, (i)&nbsp;the accrued compensation;
(ii)&nbsp;the continuation benefits; and (iii)&nbsp;as severance, base salary
for a period of 12&nbsp;months, payable in one lump sum following the
termination date; and</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">(B)&nbsp;The conditions to the vesting of any outstanding
incentive awards (including restricted stock, stock options and granted
performance shares or units) granted to the Executive under any of the
Company&#8217;s plans, or under any other incentive plan or arrangement, shall
be deemed void and all such incentive awards shall be immediately and fully
vested and exercisable. Further, any such options shall be deemed amended to
provide that in the event of termination after a change of control, the options
shall remain exercisable for the duration of their term. </TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226;
&nbsp; Notwithstanding the foregoing, if the payments due in the event of a
change in control would constitute an &#8220;excess parachute payment&#8221; as
defined in Section&nbsp;280G of the Internal Revenue Code of 1986, as amended
(the &#8220;Code&#8221;), the aggregate of such credits or payments under the
employment agreement and other agreements shall be reduced to the largest
amount as will result in no portion of such aggregate payments being subject to
the excise tax imposed by Section&nbsp;4999 of the Code. The priority of the
reduction of excess parachute payments shall be in the discretion of the
Executive. </TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">&nbsp;&nbsp;&#8226; &nbsp; Pursuant to the employment agreement, the
Executive is subject to customary confidentiality, non-solicitation of
employees and non-competition obligations that survive the termination of such
agreement.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD align="left"><B>Item&nbsp;8.01</B></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left"><B>Other Events.</B></TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">As stated above, on November&nbsp;3, 2009, the
Registrant issued a press release announcing that the Registrant completed a strategic review of its businesses and, along with
Mr.&nbsp;Filippelli, concluded that the interests of its shareholders would
best be served by focusing the Registrant&#8217;s resources on the development
and expansion of the Registrant&#8217;s TeamStaff Government Solutions
subsidiary. In connection with this conclusion, the Registrant&#8217;s Board of
Directors and Chief Executive Officer agreed that the Registrant should employ
a new Chief Executive Officer with a background in the government services industry. A copy of this press release is being furnished as
Exhibit&nbsp;99.1 to this Current Report on Form&nbsp;8-K and is incorporated
herein by reference.</TD>
 </TR>

<!-- End Table Body -->

</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

<TR valign="bottom">
  <TD width="7%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="15%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="72%">&nbsp;</TD>
</TR>

<TR style="font-size: 10pt" valign="bottom">
  <TD valign="top" align="left"><B>Item&nbsp;9.01</B>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="3" valign="top" align="left"><B>Financial Statements and Exhibits.</B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD colspan="3" valign="top" align="left">The following exhibit is attached to this Form&nbsp;8-K:</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
  <TD valign="top" align="center"><DIV style="margin-left: 0px; text-indent: 0px"><B>(d)</B>&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">Exhibit&nbsp;No.</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">Description</TD>
</TR>

<TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">99.1</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release dated November&nbsp;3, 2009</TD>
</TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">3


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

<P style="display: none; font-size: 10pt" align="center">3
</DIV>

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

<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>SIGNATURE</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">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.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="48">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
  <TD width="48%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->

<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="2"><B>TeamStaff, Inc. </B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD valign="top" align ="left">By: </TD>
  <TD style="border-bottom: 1px solid #000000" valign="top" align ="left">/s/ Cheryl Presuto</TD>
 </TR>

 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align ="left">Name: Cheryl Presuto<BR>
Title: &nbsp;&nbsp;Chief Financial Officer<BR>
Date: &nbsp;&nbsp;November 5, 2009</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>

 <TR style="font-size: 10pt" valign="bottom">
  <TD nowrap align="left"></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="left">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap
align="left"><B>Exhibit<BR>
Number</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" align="left"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->

<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top" align="left">99.1</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release dated November&nbsp;3, 2009.</TD>
 </TR>
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<P style="font-size: 10pt" align="center">4

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

<P style="display: none; font-size: 10pt" align="center">4
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c91941exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><IMG src="c91941p9194101.gif" alt="(TEAMSTAFF, INC. LOGO)"><BR>
<B>FOR IMMEDIATE RELEASE</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>CONTACTS:</B>
</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="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rick Filippelli, President and CEO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Donald C. Weinberger/Diana Bittner (media)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>TeamStaff, Inc.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Wolfe Axelrod Weinberger Associates, LLC</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1 Executive Drive
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">212-370-4500&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Somerset, NJ 08873
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">don@wolfeaxelrod.com</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">866-352-5304
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">diana@wolfeaxelrod.com</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>TeamStaff Announces Revised Business Strategy; Chief Executive Officer<BR>
to Step Down on Completion of Search for Successor</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">SOMERSET, N.J., Nov. 3 /PRNewswire-FirstCall/ &#151; TeamStaff, Inc. (Nasdaq: <u>TSTF</u> &#151; <u>News</u>), a national
provider of healthcare and administrative staffing services, today announced that the Company has
completed an in-depth strategic review of its businesses in light of recent economic conditions,
trends in government spending, and changing dynamics in the healthcare market. The analysis was
performed by a newly formed strategic planning committee of the board of directors and the
executive management team led by Rick J. Filippelli, the Company&#146;s Chief Executive Officer, and
with the assistance of two management consulting firms. Each business unit of the Company was
evaluated for their future prospects, and various initiatives to achieve sustainable earnings
growth were considered. Based on this review, it was concluded that the interests of the
shareholders would be best served by focusing the Company&#146;s resources on the development and
expansion of the Company&#146;s core government staffing subsidiary, TeamStaff Government Solutions.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">To implement this strategic shift in the Company&#146;s business plans, the board and Mr.&nbsp;Filippelli
mutually agreed that a change of leadership to an executive with experience and relationships in
the governmental services industry would provide the new strategy with the best opportunity for
success. Accordingly, Mr.&nbsp;Filippelli has elected to resign his position with TeamStaff effective at
the end of January&nbsp;2010 and assist with the transition to a new Chief Executive Officer. The board
has also created a search committee and retained DHR International to identify potential candidates
for Chief Executive Officer.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>About TeamStaff, Inc.</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Headquartered in Somerset, New Jersey, TeamStaff serves clients and their employees throughout the
United States as a full-service provider of medical and administrative staffing through its two
subsidiaries, TeamStaff GS and TeamStaff Rx. TeamStaff GS specializes in providing medical,
logistic, information technology and office administration professionals through nationwide Federal
Supply Schedule contracts with both the United States General Services Administration and the
United States Department of Veterans Affairs. TeamStaff Rx is a leading provider of travel nursing
and travel allied healthcare professionals. TeamStaff Rx operates throughout the U.S. and
specializes in the supply of travel allied medical employees and travel nurses typically placed on
13&nbsp;week assignments. For more information, visit the TeamStaff web site at <u>www.teamstaff.com</u>.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<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="justify" style="font-size: 10pt; margin-top: 10pt"><B>&#147;Safe Harbor&#148; Statement under the Private Securities Litigation Reform Act of 1995:</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><I>This press release contains &#147;forward-looking statements&#148; as defined by the Federal Securities Laws.
Statements in this press release regarding TeamStaff, Inc.&#146;s business, which are not historical
facts are &#147;forward-looking statements&#148; that involve risks and uncertainties. These forward-looking
statements are based on the Company&#146;s expectations and are subject to risks and uncertainties that
cannot be predicted or quantified and are beyond the Company&#146;s control, including the potential
that (1)&nbsp;the Company may not achieve compliance with the Nasdaq MVPHS requirement for continued listing on the Nasdaq Global
Market, (2)&nbsp;the Company may be considered below criteria with respect to other continued listing
standards of the Nasdaq Stock Market, and (3)&nbsp;that a transfer to the Nasdaq Capital Market, if
requested, may not be approved. TeamStaff&#146;s actual results could differ materially from those
described in such forward-looking statements as a result of certain risk factors and uncertainties,
including but not limited to: our ability to continue to recruit and retain qualified temporary and
permanent healthcare professionals and administrative staff on acceptable terms; our ability to
enter into contracts with hospitals, healthcare facility clients, affiliated healthcare networks,
physician practice groups, government agencies and other customers on terms attractive to us and to
secure orders related to those contracts; changes in the timing of customer orders for placement of
temporary and permanent healthcare professionals and administrative staff; the overall level of
demand for our services; our ability to successfully implement our strategic growth, acquisition
and integration strategies; the effect of existing or future government legislation and regulation;
the loss of key officers and management personnel that could adversely affect our ability to remain
competitive; other regulatory and tax developments; and the effect of other events and important
factors disclosed previously and from time-to-time in TeamStaff&#146;s filings with the U.S. Securities
Exchange Commission. For a discussion of such risks and uncertainties which could cause actual
results to differ from those contained in the forward-looking statements, see &#147;Risk Factors&#148; in the
Company&#146;s Annual Report or </I><I>Form 10-K</I><I> for the most recently ended fiscal year and its other filings
with the SEC. The information in this release should be considered accurate only as of the date of
the release. TeamStaff expressly disclaims any current intention to update any forecasts, estimates
or other forward-looking statements contained in this press release.</I>
</DIV>


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

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>




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