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

~~Pursuant~~Date ~~to Section~~of 13Report ~~OR 15~~(d)Date of ~~The~~earliest ~~Securities~~event reported): May ~~Exchange~~29, ~~Act of 1934~~2007

Date of Report (Date of earliest event reported) April 25, 2007

NETBANK, INC.

(Exact name of registrant as specified in its charter)

Georgia	0-22361	58-2224352
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

1015 Windward Ridge Parkway, Alpharetta, GA		30005
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 770-343-6006

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 75.0102 ~~Regulation~~Departure FDof ~~Disclosure~~Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On ~~April 25~~May 29, 2007, the Board of Directors of NetBank, Inc. (the “~~NetBank”~~Company) ~~posted~~approved ~~its~~an amendment to the Change of Control Agreement (the “~~Monthly~~Agreement”) ~~Operating~~dated ~~Statistics~~April 1, 2003, as amended, by and ~~Financial~~between ~~Data”~~the ~~report~~Company and James P. Gross, the Company’s Chief Financial Officer, to ~~its~~extend ~~Web~~the ~~site~~expiration date of the Agreement to July 1, 2007. A ~~The~~Fourth Amendment to Change of ~~report~~Control ~~contains~~Agreement, ~~select~~dated ~~monthly~~as ~~operating~~of ~~results~~April ~~and~~1, ~~earnings~~2007, ~~guidance.~~extending ~~The~~the expiration date of ~~report~~the Agreement is attached as Exhibit 9910.1 to this ~~report~~Current Report on Form 8-K and is incorporated herein by reference. All other terms and conditions of the Agreement remain unchanged and a brief description of the terms and conditions of the Agreement appears below. Such description is subject to the full terms and conditions of the Agreement, a copy of which is filed as Exhibit 10.2 to the Company’s Current Report of Form 8-K filed with the Securities and Exchange Commission on October 5, 2006 and is incorporated herein by reference.

~~The~~Under the ~~information~~Agreement, inif, ~~this~~during ~~Current~~the ~~Report~~one-year onperiod ~~Form~~after ~~8-K~~a ~~and~~change of control (as defined in the Agreement), the Company terminates Mr. Gross’ employment without ~~Exhibit~~cause ~~attached~~(as ~~hereto~~defined), he terminates his employment for good reason (as defined) or his employment terminates due to his death or disability, the Company shall pay ~~not~~him bea ~~deemed~~lump ~~“filed”~~sum ~~for~~amount ~~purposes~~equal to the sum of ~~Section~~his 18annual base salary in effect immediately prior to termination plus the highest annual incentive bonus paid or payable to him for any of the ~~Securities~~two ~~Exchange~~fiscal ~~Act~~years prior to the fiscal year of termination. In ~~1934~~addition, (for a period of twelve months following termination of his employment, the ~~“Exchange~~Company ~~Act”)~~shall continue to provide to Mr. Gross, or ~~otherwise subject~~pay him an amount equal to the ~~liabilities~~cost of providing, ~~that~~the ~~section,~~employee ~~nor~~benefits ~~shall~~he itotherwise bewould ~~deemed~~have ~~incorporated~~been entitled to byreceive ~~reference~~from inthe ~~any~~Company ~~filing~~if ~~under~~he was not terminated. If, during the ~~Securities~~one-year ~~Act~~period after a change of ~~1933~~control, the Company terminates Mr. Gross’ employment for cause (as defined) or he terminates his employment without good reason, the ~~Exchange~~Company must pay him ~~Act,~~an ~~regardless~~amount equal to the sum of ~~any~~his ~~general~~annual ~~incorporation~~base ~~language~~salary inthrough ~~such~~the ~~filing~~date of termination plus any compensation he previously deferred.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following ~~materials~~is ~~are~~ filed as ~~exhibits~~an exhibit to this current report:

Exhibit Number		Description of Exhibit
99		NetBank, Inc. Monthly Operating Statistics and Financial Data
10.1		Fourth Amendment to Change of Control Agreement, dated as of April 1, 2007 by and between NetBank, Inc. and James P. Gross

~~SIGNATURES~~2

~~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.~~SIGNATURES

		NetBank, Inc.
		(Registrant)
Date:	April 25, 2007	/s/ James P. Gross
		(Signature)
		James P. Gross
		Chief Financial Officer

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.

Date: June 4, 2007	NETBANK, INC.


	By:	/s/ Charles E. Mapson
		Charles E. Mapson
		Chief Legal Counsel

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