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)	April 11, 2013	~~November 21, 2012~~
GLOBAL AXCESS CORP.
(Exact name of registrant as specified in its charter)
Nevada	000-17874		88-0199674
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
7800 Belfort Parkway, Suite 165, Jacksonville, Florida			32256
(Address of principal executive offices)			(Zip Code)
Registrant’s telephone number, including area code		(904) 280-3950
N/A
(Former name or former address, if changed since last report)

Nevada

000-17874

88-0199674

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

7800 Belfort Parkway, Suite 165, Jacksonville, Florida	32256
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code	(904) 280-3950

N/A
(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 (see General Instruction A.2. below):

¨ 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(eb) On ~~November~~Thursday, 21April 11, ~~2012~~2013, Christopher L. Doucet resigned from his position as a director of Global Axcess Corp. (the “Company”). Mr. ~~entered~~Doucet’s ~~into~~resignation awas ~~Transaction~~for ~~Bonus~~personal ~~Agreement~~reasons ~~(the~~and ~~“Transaction Bonus~~not ~~Agreement”)~~due ~~with~~to ~~Michael~~any J.disagreement ~~Loiacono,~~with the Company’s. ~~Chief~~The ~~Financial~~Company ~~Officer,~~wishes ato thank ~~copy~~Mr. ofDoucet ~~which~~for ishis ~~attached to~~energy ~~this~~and ~~Current~~efforts ~~Report~~in onserving ~~Form~~as ~~8-K~~a ~~(this~~director. ~~“Report”)~~We aswish ~~Exhibit~~him 10the best in his future endeavors.1.

The Transaction Bonus Agreement calls for a bonus payment to be made to Mr. Loiacono in the event that the Company is successful in completing a strategic transaction prior to December 31, 2013 (the “Term Date”). Specifically, if, during the term of the Transaction Bonus Agreement, there is (i) a sale of the Company, the Company shall pay to Mr. Loiacono a lump sum cash payment (defined in the Transaction Bonus Agreement as a “Sale Bonus”) equal to One Hundred Twenty Thousand Dollars ($120,000); or (ii) a recapitalization or restructuring, the Company shall pay to Mr. Loiacono a lump sum cash payment equal to Sixty Thousand Dollars ($60,000) (defined in the Transaction Bonus Agreement as the “Recapitalization/Restructuring Bonus,” and together with the Sale Bonus, each a “Bonus”).SIGNATURES

~~In addition~~ Pursuant to the ~~foregoing~~ ~~contingent~~requirements ~~Bonus~~of ~~payments, in~~ the ~~event~~Securities ~~that~~Exchange ~~Mr.~~Act ~~Loiacono’s~~of ~~employment~~1934, ~~with~~ the ~~Company~~Registrant ishas ~~terminated~~duly ~~other~~caused ~~than for~~this ~~Cause~~report ~~(as~~to ~~defined~~be insigned ~~the Transaction Bonus Agreement)~~ on orits ~~before the Term Date, then Mr. Loiacono shall be entitled to a~~behalf ~~lump~~by ~~sum cash payment of (i) One Hundred Twenty Seven Thousand Five Hundred Dollars ($127,500); and (ii) an amount equal to~~ the ~~Sale~~ ~~Bonus~~undersigned ~~(collectively,~~hereunto ~~the~~duly ~~“Severance Payment”)~~authorized.

If payable pursuant to the terms of the Transaction Bonus Agreement, the Bonus and/or the Severance Payment shall be payable to Mr. Loiacono, within two (2) business days after the triggering event giving rise to such payment obligation.

	GLOBAL AXCESS CORP.

Dated: April 12, 2013	By:	/s/ Michael J. Loiacono
		Name: Michael J. Loiacono Title: Chief Financial Officer

The foregoing description of the Transaction Bonus Agreement is qualified in its entirety by reference to the text of the Transaction Bonus Agreement, a copy of which is attached to this Report as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Transaction Bonus Agreement, dated November 21, 2012, by and between Global Axcess Corp. (and affiliates) and Michael J. Loiacono (Management compensation plan or arrangement).

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 hereunto duly authorized.

	GLOBAL AXCESS CORP.
Dated: November 21, 2012	By:	/s/ Kevin L. Reager
		Name: Kevin L. Reager Title: Chief Executive Officer

EXHIBIT INDEX

	Exhibit	Description
	10.1	Transaction Bonus Agreement, dated November 21, 2012, by and between Global Axcess Corp. (and affiliates) and Michael J. Loiacono (Management compensation plan or arrangement).

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