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): APRIL 26, 2006
TECHTEAM GLOBAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-16284 38-2774613
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
27335 West 11 Mile Road
Southfield, Michigan 48034
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (248) 357-2866
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(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:
[ ] Written communications pursuant to Rule 425 under the 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 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On April 26, 2006, the Board of Directors (the
"Board") of TechTeam Global, Inc. (the "Company") terminated
the Company's employment contract with William F. Coyro, Jr.
("Agreement"). The Board believes such termination to be for
cause, as set forth in the Agreement. The Board's decision
to terminate the Agreement was based upon evidence that Dr.
Coyro violated the terms of the Agreement, including but not
necessarily limited to the requirement that he not disclose
the Company's confidential information to third parties.
Based upon communications from Dr. Coyro's attorney, the
Company expects Dr. Coyro to sue the Company for breach of
contract.
As previously reported, Dr. Coyro was removed as
President and Chief Executive Officer on February 3, 2006,
but Dr. Coyro remained an employee of the Company subject to
the terms of the Agreement.
ITEM 5.02 ELECTION OF DIRECTORS
On April 26, 2006, the Board expanded the number of
board seats from seven to eight and elected William C.
Brown, the Company's President and Chief Executive Officer,
as a director to fill the new seat.
SIGNATURE
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.
TECHTEAM GLOBAL, INC.
By /s/ Michael A.Sosin
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Michael A. Sosin
Vice President, General Counsel, and
Secretary
Date: May 2, 2006