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): ~~March 24~~July 6, 2011

TC Global, Inc.

(Exact Name of Registrant as Specified in its Charter)

Washington

001-33646

91-1557436

(State or Other Jurisdiction

of Incorporation)

(Commission

File No.)

(I.R.S. Employer
Identification No.)

3100 Airport Way South, Seattle, Washington 98134

(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code: (206) 233-2070

Not Applicable

(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 15.0102 ~~Entry~~Departure ~~into~~of aDirectors ~~Material~~or ~~Definitive~~Certain ~~Agreement~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

On ~~March~~July 246, 2011, the ~~Board~~board ~~appointed~~of ~~Scott~~directors ~~M. Pearson to succeed Carl Pennington Sr., as President and Chief Executive Officer~~ of ~~TC Global, Inc. (~~the “Company~~”),~~ ~~effective~~elected Paul ~~April 1,~~Reed ~~2011.~~and InStephen ~~connection~~Loeb ~~with his appointment~~ as ~~President and Chief Executive Officer, the Company entered into a one-year employment agreement with Mr~~directors. ~~Pearson~~ ~~(the “Employment Agreement”). The description of the Employment Agreement set forth in Item 5.02 hereof is incorporated by referenced in this Item 1.01.~~

~~Item 5~~Paul Reed, 71, currently serves as President and CEO of Door-to-Door Storage Inc.02, ~~Departure~~a provider of moving ~~Directors~~and orstorage ~~Principal~~solutions. ~~Officers;~~Prior ~~Election~~to his current role, Reed served Door-to-Door Storage Inc.in the capacity of ~~Directors;~~Chief ~~Appointment~~Financial Officer from July 2007 through October 2010 Mr. Reed was a founder of ~~Principal~~Seattle ~~Officers;~~Coffee ~~Compensatory~~Inc. ~~Arrangement~~and has substantial financial experience and acumen that was most recently recognized by the Puget Sound Business Journal in naming him as the 2010 CFO of ~~Certain~~the ~~Officers~~Year Award in the small private company category for the Puget Sound region. We believe that Mr. Reed has a reputation for integrity, honesty and adherence to high ethical standards and has demonstrated business acumen and an ability to exercise sound judgment. Finally, we value his significant experience on other public company boards of directors and board committees.

OnStephen ~~March 24~~Loeb, ~~2011~~54, ~~the~~currently ~~Company~~serves ~~announced~~as ~~that~~Chief ~~Carl~~Executive ~~Pennington~~Officer Srof Alaska Distributors, Inc., ~~the~~an ~~Company’s~~asset ~~President~~management company and wholesale ~~Chief~~distributor ~~Executive~~and ~~Officer~~broker of wine, beer, spirits and ~~the~~non-alcoholic ~~Chairman~~beverages ofacross the ~~Board~~ ofNorthwest. ~~Directors~~Prior ~~(the~~to ~~“Board”)~~his current role, ~~notified~~he also served in the ~~Company~~capacity ~~that~~of President since 1998, when he ~~plans~~first tojoined ~~resign~~the ascompany. ~~President~~Mr. Loeb brings exceptional knowledge and ~~Chief~~experience ~~Executive~~in ~~Officer~~the ~~effective~~beverage ~~March 31~~industry as well as logistics, ~~2011~~distribution, ~~after~~sales, ~~more~~marketing ~~than~~and ~~three~~import/export ~~years~~with one of ~~service~~the totop ~~the~~ranked ~~Company~~private companies in Washington State. We believe that Mr. ~~Pennington~~Loeb ~~will~~has ~~remain~~a reputation for ~~Chairman~~integrity, ofhonesty ~~the~~and ~~Board~~adherence ~~until~~to ~~the~~high ~~next~~ethical ~~annual~~standards ~~meeting~~and ofhas ~~shareholders,~~demonstrated ~~expected~~business acumen and an ability to ~~occur~~exercise ~~later~~sound ~~this~~judgment. ~~spring~~Finally, atwe ~~which~~value ~~time~~his ~~Mr. Pennington’s~~significant ~~term~~experience ason aother ~~director~~corporate ~~will~~boards ~~end~~of directors, volunteer boards, and board committees.

~~Also~~The onCompany’s ~~March 24,~~board ~~2011,~~has ~~the~~not ~~Board~~yet ~~appointed~~determined ~~Scott M. Pearson, 51,~~ to ~~succeed~~which ~~Mr. Pennington~~committees ~~as President and Chief Executive Officer, effective April 1, 2011~~Messrs. ~~From~~Reed September 2010 to March 2011, Mr. Pearson was national accounts manager for Reckitt Benckiser, a global consumer goods company. Prior to that, from December 2005 to December 2009, Mr. Pearson served as the Executive Vice President of Advanced H20 LLC, a private label water company. From September 1993 to October 2005, Mr. Pearson was a Vice President for sales and ~~marketing~~Loeb atwill ~~Coca-Cola~~be ~~Enterprises, a bottler and distributor of Coca-Cola, Minutemaid, Powerade, and Dasani brand beverages~~appointed.

InEffective ~~connection~~July 5, ~~with his appointment as President and Chief Executive Officer~~2011, ~~the~~Carl ~~Company~~Pennington ~~entered into a one-year employment agreement with Mr~~Sr. ~~Pearson~~, (the ~~“Employment~~Chairman ~~Agreement”).~~of ~~Pursuant to~~ the ~~terms~~Board of ~~the Employment Agreement~~Directors, ~~Mr. Pearson’s~~retired ~~annual base salary will be $250,000~~ and hehis isservice ~~eligible~~as ~~for~~a ~~cash~~director ~~bonuses in an amount up to an aggregate~~ of ~~$100,000, payments~~the ~~of which will be based upon achieving certain mutually agreed upon financial, operational and performance related milestones. The~~ Company ~~and Mr~~ceased. ~~Pearson~~ ~~also agreed to use their best good faith efforts to agree upon the terms and~~As ~~provisions~~previously ~~for~~disclosed, Mr. ~~Pearson’s~~Pennington ~~participation~~had inresigned aas ~~synthetic~~President ~~equity~~and ~~plan~~Chief ~~designed~~Executive toOfficer, ~~provide~~effective ~~Mr.~~March ~~Pearson~~31, ~~with~~2011, anafter ~~appropriate~~more ~~award~~than ~~for~~three ~~improving~~years ~~Company~~of ~~performance~~service ~~and/or improving shareholder value. Mr. Pearson is subject~~ to ~~standard~~ ~~nondisclosure,~~the ~~noncompetition, and nonsolicitation covenants~~Company.

The Employment Agreement generally terminates upon the Mr. Pearson’s termination of employment due to (i) death, (ii) disability, (iii) “cause” (as defined in the Employment Agreement), (iv) “good reason” (as defined in the Agreement) or (v) circumstances without cause. If Mr. Pearson’s employment is terminated due to death or disability, he (or his estate) will be entitled to his regular base salary and benefits through the date of termination and a pro-rata share of any bonus or award under the synthetic equity plan that has been earned through the date of termination. If Mr. Pearson’s employment is terminated without cause, Mr. Pearson will be entitled to his regular base salary and benefits through the date of termination and a pro-rata share of any bonus or award under the synthetic equity plan that had been earned through the date of termination. In addition, Mr. Pearson will also be entitled to continued

payment of his base salary for six months after the date of termination and reimbursement for COBRA coverage for six months. If Mr. Pearson elects to terminate his employment with the Company for “good reason” upon the occurrence of certain changes in the Company described in the Employment Agreement, such as a change of control or a reduction in Mr. Pearson’s duties or responsibilities, Mr. Pearson may be eligible to receive his base salary and COBRA coverage, each for six months from his termination date.

Effective upon his full time employment as President and Chief Executive Officer, the Board intends to elect Mr. Pearson as a director of the Company and to nominate him for election as a director during his tenure as President and Chief Executive Officer of the Company.

Item 9.01 Financial Statements and Exhibits

(d)

Exhibits

99.1 TC Global, Inc. Press Release dated ~~March~~July 246, 2011

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, hereunto duly authorized.

TC GLOBAL, INC.

Date: March 29, 2011

/s/ Catherine M. Campbell

Date: July 12, 2011

/s/ Catherine Campbell

Catherine M. Campbell

Catherine Campbell

Chief Financial Officer

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