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JOB > SEC Filings for JOB > Form 8-K on 8-Apr-2014All Recent SEC Filings

Show all filings for GENERAL EMPLOYMENT ENTERPRISES INC

Form 8-K for GENERAL EMPLOYMENT ENTERPRISES INC


8-Apr-2014

Regulation FD Disclosure, Financial Statements and Exhibits


Item 7.01 Regulation FD Disclosure

On April 2, 2014, General Employment Enterprises, Inc. (the "Company") entered into a settlement agreement with Long Ridge Office Portfolio, L.P. ("Long Ridge"), resolving a November 13, 2013 complaint Long Ridge filed in the Circuit Court of DuPage County (the "Court") against General Employment.

In the complaint captioned Long Ridge Office Portfolio, L.P. v. General Employment Enterprises, Inc.; and PSQ, LLC, case number 2013L001084, Long Ridge sought monetary damages in the amount of at least $482,354.49 in unpaid rent for the lease of its 8,211 square feet office space located on the 22nd floor of One Tower Lane, Oakbrook Terrace, Illinois 60181 to General Employment.

According to the settlement agreement, General Employment will pay $125,000 to Long Ridge in two installments: $100,000 due immediately, and the remaining $25,000 due 30 days after execution of the agreement. The initial $100,000 was immediately paid upon the execution of the agreement.



Item 9.01 Financial Statements and Exhibits.

Exhibit No.    Description
  99.1         Press release issued by General Employment Enterprises, Inc. dated
               April 8, 2014


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