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<SEC-DOCUMENT>0000950123-10-001179.txt : 20100108
<SEC-HEADER>0000950123-10-001179.hdr.sgml : 20100108
<ACCEPTANCE-DATETIME>20100108114114
ACCESSION NUMBER:		0000950123-10-001179
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100104
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20100108
DATE AS OF CHANGE:		20100108

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:		10516538

	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>c94466e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
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<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): January 4, 2010</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>TEAMSTAFF, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<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: 1px solid #000000"><B>NEW JERSEY</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>0-18492</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><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 border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>1 Executive Drive, Suite 130<BR>Somerset, New Jersey<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><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 align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(877) 523-9897</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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 align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</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">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

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

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

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

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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;2.01</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Completion of Acquisition or Disposition of Assets.</B></TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt; margin-left:8%">On January&nbsp;4, 2010, TeamStaff, Inc. (the &#147;Registrant&#148;) and TeamStaff Rx, Inc. (&#147;TeamStaff Rx&#148;), its wholly-owned
subsidiary, completed the previously announced sale (the &#147;Sale&#148;) of substantially all of the operating assets of
TeamStaff Rx related to TeamStaff Rx&#146;s business of providing travel nurse and allied healthcare professionals for
temporary assignments (the &#147;Purchased Assets&#148;) to Advantage RN, LLC, an Ohio limited liability company (&#147;Advantage
RN&#148;). Under the terms of the definitive Asset Purchase Agreement, dated as of December&nbsp;28, 2009 (the &#147;Asset Purchase
Agreement&#148;), the Registrant received a cash purchase price of $350,000 at the closing, and $75,000 in cash was escrowed
as a holdback (the &#147;Holdback&#148;) pursuant to the Asset Purchase Agreement. The Registrant may be entitled to receive the
Holdback, or a portion thereof, as additional consideration for the Purchased Assets if certain terms and conditions as
described in the Asset Purchase Agreement are satisfied.


<P align="left" style="font-size: 10pt; margin-left:8%">Following the closing, Advantage RN will have the right to use, through February&nbsp;28, 2011, the premises located in
Clearwater, Florida that is currently used by TeamStaff Rx for its principal executive offices. In connection with
such use, Advantage RN will make rent subsidy payments to TeamStaff Rx totaling $125,000, consisting of (i) $25,000
payable at the closing and (ii)&nbsp;an additional $100,000 payable in 10 equal monthly installments of $10,000 payable on
the first day of each calendar month beginning on March&nbsp;1, 2010 until December&nbsp;1, 2010.


<P align="left" style="font-size: 10pt; margin-left:8%">Upon the completion of the Sale, the employment agreement of Dale West, TeamStaff Rx&#146;s President, was terminated, with
an effective date as of December&nbsp;28, 2009 in accordance with its terms. Ms.&nbsp;West will be entitled to receive certain
termination compensation and benefits pursuant to such employment agreement.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;5.02</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt; margin-left:8%">The information required to be disclosed in this Item&nbsp;5.02 concerning the departure of Dale West, TeamStaff Rx&#146;s
President, is incorporated herein by reference from Item&nbsp;2.01.


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



<P align="left" style="font-size: 10pt; text-indent: 4%">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" border="0" cellpadding="0" width="100%">
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</TR>

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<TR valign="bottom">
        <TD>&nbsp;</TD>
    <TD colspan="2" valign="top"><DIV style="margin-left:0px; text-indent:-0px">TEAMSTAFF, INC.</DIV></TD>
        <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:&nbsp;</DIV></TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Cheryl Presuto</DIV></TD>
        <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
</TR>



<TR valign="bottom">
        <TD>&nbsp;</TD>
        <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:&nbsp;</DIV></TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cheryl Presuto</DIV></TD>
        <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
        <TD>&nbsp;</TD>
        <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
        <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:&nbsp;</DIV></TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chief Financial Officer</DIV></TD>
        <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:&nbsp;</DIV></TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;8, 2010</DIV></TD>
        <TD>&nbsp;</TD>
</TR>
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</DIV>



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

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




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