SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14C INFORMATION

INFORMATION STATEMENT PURSUANT TO SECTION 14C OF THE
SECURITIES EXCHANGE ACT OF 1934

[X] Filed by the Registrant [ ] Filed by a Party other than the Registrant

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[ ] Preliminary Information Statement
[X] Definitive Information Statement Only
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GLOBAL ENTERTAINMENT CORPORATION
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(Name of Registrant as Specified In Its Charter)

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GLOBAL ENTERTAINMENT CORPORATION
4909 East McDowell Road, Suite 104
Phoenix, Arizona 85008

INFORMATION STATEMENT RELATING TO
ANNUAL ELECTION OF DIRECTORS

You are hereby notified that Global Entertainment Corporation ("the Company" or
"Global") will hold an informational meeting for shareholders on October 5,
2005, at 9:00 a.m. at the principal executive offices of the Company, 4909 East
McDowell Road, Suite 104, Phoenix, Arizona 85008. No business will be conducted
at the Meeting. The Meeting will include presentations by management. Only
shareholders of Global may attend the Meeting. Shareholders who own shares
registered in their names will be admitted to the Meeting upon verification of
record share ownership. Shareholders who own shares through banks, brokerage
firms, nominees or other account custodians must present proof of beneficial
share ownership (such as a brokerage account statement) to be admitted.

Notice is also given that shareholders holding a majority of the issued and
outstanding shares of common stock of the Company have delivered written
consents, effective October 18, 2005 approving the following items of business:

1. The election of seven members to the Board of Directors to serve until the
next annual meeting of shareholders and until their successors are elected; and

2. To ratify the selection of Semple & Cooper, LLP to serve as independent
auditors for the Company for the fiscal year ending May 31, 2006.

A copy of the Company's 2005 Annual Report to Shareholders is enclosed.
Management cordially invites you to attend the Meeting.

By Order of the Board of Directors,

/s/ J. Craig Johnson
-----------------------------
J. Craig Johnson
Chief Financial Officer

Phoenix, Arizona
September 27, 2005

GLOBAL ENTERTAINMENT CORPORATION
4909 East McDowell Road, Suite 104
Phoenix, Arizona 85008

INFORMATION STATEMENT

WE ARE NOT ASKING YOU FOR A PROXY AND
YOU ARE REQUESTED NOT TO SEND US A PROXY

GENERAL

Our Board of Directors is providing this information statement in connection
with our annual election of directors and ratification of auditors, which will
be discussed at an informational Meeting of Shareholders to be held on October
5, 2005 at 9:00 a.m., local Arizona time, at our office located at 4909 East
McDowell Road, Suite 104, Phoenix, Arizona 85008, and at any adjournments or
postponements of the Meeting. This information statement and accompanying notice
of Meeting are first being mailed to shareholders on or about September 27,
2005.

This information statement is sent to provide notice to our shareholders of our
Meeting and of action taken by written consent of the holders of a majority of
our outstanding stock. Although, you are welcome and invited to attend the
Meeting, we are not requesting that you send us proxies for the meeting and
request that you do not do so, as no votes will be taken at the Meeting. Certain
of our current officers and directors and their affiliates, who hold
approximately 75% of our common stock, have executed and delivered written
consents in lieu of an annual meeting to vote in favor of the nominated
directors and in favor of appointing Semple & Cooper, LLP as our independent
auditors for the next fiscal year. As such, these proposals are assured passage.

VOTING RIGHTS AND COST OF MAILING

Our common stock is the only type of security entitled to vote. On August 12,
2005, the record date for determination of shareholders entitled to vote at or
act by written consent in lieu of an annual meeting for the election for
directors, we had 5,345,738 shares of common stock outstanding. Each shareholder
of record on the record date was entitled to one vote for each share of common
stock held by such shareholder on that date. Shares of common stock may not be
voted cumulatively.

We will bear the entire cost of the preparation, assembly, printing and mailing
of this information statement. Copies of the information statement will be
furnished to brokerage houses, fiduciaries and custodians holding shares in
their names that are beneficially owned by others so that they may forward this
material to such beneficial owners. In addition, we may reimburse these persons
for their costs of forwarding the material to the beneficial owners.

QUORUM REQUIREMENT

Our Bylaws and Nevada law provide that the holders of a majority of our common
stock issued and outstanding and entitled to vote, either in person or by proxy,
shall constitute a quorum for the transaction of business at a shareholders
meeting. Since there will be no action taken at the Meeting, and the election of
directors and ratification of auditors will be by written consent in lieu of a
meeting, the vote necessary to act by written consent (a majority of the total
outstanding shares entitled to vote) will also satisfy our quorum requirements.

VOTES REQUIRED

In order to act by written consent, the holders of a majority of the issued and
outstanding shares of voting stock must approve the actions taken. With respect
to the election of the seven director nominees and the ratification of our
auditors, the written consents executed and delivered to us constituted 75% of
the issued and outstanding shares of our common stock entitled to vote, and are
sufficient to approve the actions.

SECURITY OWNERSHIP OF PRINCIPAL SHAREHOLDERS AND MANAGEMENT

The following table sets forth, as of September 2, 2005, the number and
percentage of outstanding shares of Global common stock beneficially owned by

(i) each person known by Global to beneficially own more than 5% of such stock,
(ii) each of Global's directors, (iii) the Chief Executive Officer and each of
the other named executive officers, and (iv) all directors and officers as a
group. Except as otherwise indicated, Global believes that each of the
beneficial owners of its common stock listed below, based on information
furnished by such owners, has sole investment and voting power with respect to
such shares, subject to community property laws where applicable.

Shares
Beneficially Percent of
Name and Address of Beneficial Owner (1) Owned (2) Total (3)
---------------------------------------- --------- ---------
James Treliving (4) 316,957 5.93%
Richard Kozuback (5) 524,379 9.81%
J. Craig Johnson (6) 25,000 *
George Melville (7) 395,736 7.40%
Terry S. Jacobs (8) 72,071 1.35%
Michael L. Hartzmark, Ph.D. (9) 50,390 *
Mark Schwartz (10) 125,029 2.34%
Donald R. Head (11) 167,786 3.14%
Brad Treliving (12) 418,854 7.84%
Wayne H. Davis (13) 46,420 *
Rudy R. Miller (14) 434,856 8.13%
WPHL Holdings, Inc. (15) 2,750,000 51.44%
Ron Thom (16) 370,727 6.94%
Dolores Hartzmark (17) 326,923 6.12%
All executive officers and directors
as a group (10 persons) (18) 2,142,622 40.08%

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* Represents beneficial ownership of less than 1%

(1) Unless otherwise noted, the address of each of the listed shareholders is
c/o Global Entertainment Corporation, 4909 E. McDowell Road, Suite 104, Phoenix,
Arizona 85008.

(2) A person is deemed to be the beneficial owner of securities that can be
acquired within 60 days from September 2, 2005, through the exercise of any
option or warrant.

(3) In calculating percentage ownership, all shares of common stock that the
named shareholder has the right to acquire within 60 days upon exercise of any
option or warrant are deemed to be outstanding for the purpose of computing the
percentage of common stock owned by such stockholder, but are not deemed
outstanding for the purpose of computing the percentage of common stock owned by
any other stockholder. Shares and percentages beneficially owned are based upon
5,345,738 shares outstanding on September 2, 2005.

(4) Includes 52,500 shares purchasable upon exercise of options, 262,819 shares
beneficially owned by Mr. Treliving through his beneficial ownership interest in
WPHL Holdings, Inc., and 1,638 shares beneficially owned by Mr. Treliving
through his beneficial ownership interest in S&T Holdings LTD.

(5) Includes 62,500 and 1,250 shares purchasable upon exercise of options,
respectively, by Mr. Kozuback and Tara Kozuback, the daughter of Mr. Kozuback,
42,237 shares held directly, 397,208 shares beneficially owned by Mr. Kozuback
through his beneficial ownership interest in WPHL Holdings, Inc., and 21,184
shares beneficially owned by Miss Kozuback through her beneficial ownership
interest in WPHL Holdings, Inc.

(6) Includes 20,000 shares purchasable upon exercise of options and 5,000 shares
held directly.

(7) Includes 52,500 shares purchasable upon exercise of options, 341,598 shares
beneficially owned by Mr. Melville through his beneficial ownership interest in
WPHL Holdings, Inc., and 1,638 shares beneficially owned by Mr. Melville through
his beneficial ownership interest in S&T Holdings LTD.

(8) Includes 52,500 shares purchasable upon exercise of options, and 19,571
shares held directly.

(9) Includes 31,175 shares purchasable upon exercise of options, 12,534 shares
held directly and 6,681 shares beneficially owned by Dr. Hartzmark through his
beneficial ownership interest in MDA Financial, Inc.

(10) Includes 28,045 shares purchasable upon exercise of options, 3,802 shares
purchasable upon exercise of warrants, and 93,182 shares held directly.

(11) Includes 52,500 shares purchasable upon exercise of options and 115,286
shares held directly.

(12) Includes 17,000 shares purchasable upon exercise of options, 317,104 shares
held directly through WPHL Holdings, Inc., and 84,750 shares held directly.

(13) Includes 2,500 shares purchasable upon exercise of options, 31,777 shares
held directly through WPHL Holdings, Inc., and 12,143 shares held directly.

(14) Includes 381,356 shares owned by Miller Capital Corporation ("MCC"), for
which Mr. Miller serves as Chairman, President, and Chief Executive Officer, 500
shares held directly, 20,500 shares purchasable upon exercise of various
warrants, and 32,500 shares purchasable upon exercise of options by Mr. Miller.
Mr. Miller beneficially owns all of the shares of Global common stock and
warrants to purchase such shares held by MCC.

(15) Shares of Global common stock held by WPHL Holdings, Inc. are beneficially
owned by the following persons (in the amounts indicated): Ron Thom (370,726),
George Melville (341,598), James Treliving (262,819), Brad Treliving (317,104),
Rick Kozuback (397,208), Douglas Wooton (123,578), Nigel King (150,060), Ron
Mulhern (123,569), Kevin Lowe (185,364), Barry Johnson (185,364), Darcy Rota
(111,218), Mike Cordoba (43,693), Steve Cherwonak (31,777), Duane Lewis
(31,777), Wayne Davis (31,777), Tara Kozuback (21,184) and Chris Potenza
(21,184).

(16) Includes 370,727 shares held by Mr. Thom through his beneficial ownership
interest in WPHL Holdings, Inc.

(17) Includes 307,853 shares held beneficially by Mrs. Hartzmark and 19,070
shares purchasable upon exercise of warrants.

(18) Includes Messrs. J. Treliving, R. Kozuback, J. Craig Johnson, G. Melville,
T. Jacobs, D. Head, M. Hartzmark, B. Treliving, M. Schwartz, and Wayne H. Davis.

ITEM NO. 1:

ELECTION OF DIRECTORS

On the effective date of the written consents in lieu of annual meeting (i.e.,
20 days after the date of this information statement, or October 18, 2005), the
director nominees named below will be elected (constituting the entire board of
directors). Each director is to hold office until the next annual meeting of
directors or until a successor is elected and qualified. The persons named belw
were nominated by the board of directors. All nominees have consented to be
named and have indicated that they will serve when elected. If any nominee is
not able to serve the board intends to fill the vacancy until another director
nominee can be elected. The board is unaware of any circumstance likely to make
the nominees named below unavailable for election.

DIRECTOR NOMINEES

James Treleving
Richard Kozuback
George Melville
Terry S. Jacobs
Donald R. Head
Michael L. Hartzmark, Ph.D
Mark Schwartz

DIRECTORS AND EXECUTIVE OFFICERS

The directors, executive officers, and other key employees of Global
Entertainment, and their ages as of September 24, 2005, are as follows:

Name Age Position
---- --- --------
James Treliving 64 Director and Chairman of the Board
Richard Kozuback 52 Director, CEO and President
J. Craig Johnson 43 Senior Vice President and Chief Financial
Officer
George Melville 61 Director and Secretary
Terry S. Jacobs 63 Director
Donald R. Head 67 Director
Michael L. Hartzmark, Ph.D. 49 Director
Mark Schwartz 55 Director
Brad Treliving 36 Executive Vice President, Global
Entertainment Corporation and President,
Central Hockey League
Wayne H. Davis 46 Vice President, Global Entertainment
Corporation, President, Global Entertainment
Marketing Systems

JAMES TRELIVING is a member of the Board of Directors of Global Entertainment
and WPHL Holdings, Inc. and serves as the Chairman of each Board. Mr. Treliving
is one of two Chairmen and owners of Boston Pizza International, Inc., a $370
(Canadian) million full-service pizza and pasta restaurant franchise chain with
over 200 locations throughout North America ("Boston Pizza"). Together with
George Melville, the other Chief Executive Officer of Boston Pizza, Mr.
Treliving has won the Pacific Canada Ernst & Young "Entrepreneur of the Year"
award for Hospitality and Tourism and the British Columbia American Marketing
Association's "Marketer of the Year" award. Boston Pizza has been named one of
the FINANCIAL POST'S and Arthur Andersen & Company's "50 Best Managed Private
Companies" for the last six years and has won the Pinnacle "Company of the Year"
award. Mr. Treliving is also involved in the oil and gas, property development,
and construction and development industries. Prior to purchasing Boston Pizza
with George Melville in 1983, Mr. Treliving owned and operated multiple
franchised Boston Pizza restaurants. James Treliving is the father of Brad
Treliving, who is President of the WPHL.

RICHARD KOZUBACK is a member of the Board of Directors and is the President and
CEO of Global Entertainment. He is also a member of the Board of Directors of
WPHL, Inc. and has served as the President of WPHL, Inc. from its inception
until 1999. He now serves as Chairman of the WPHL. He also serves as a Director
of WPHL Holdings. Mr. Kozuback has over 20 years of experience in the hockey
industry, having played Canadian Junior Hockey and having coached and managed
various hockey teams in the western United States. From 1994 to 1996, Mr.
Kozuback was Director of Scheduling for Roller Hockey International and
President of the International Roller Hockey Association. From 1993 to 1994, Mr.
Kozuback was Head Coach and General Manager of the Tri-City Americans, a Western
Hockey League team, as well as Head Coach of the Phoenix Cobras, a Roller Hockey
International team. From 1991 to 1993, Mr. Kozuback served as the Associate
Coach of the Phoenix Roadrunners, a member of the International Hockey League
and farm team to the Los Angeles Kings, a National Hockey League team. Mr.
Kozuback attended the University of Alberta, Canada, where he received a degree
in Education.

J. CRAIG JOHNSON has served as Global Entertainment's Sr. Vice President and
Chief Financial Officer since April, 2004. Mr. Johnson most recently served as
Chief Financial Officer of Wilson Electric (formerly Encompass, a NYSE company),
Arizona's largest electrical and special systems contractor. From 1990 to 2001
he served as Regional Vice President, Vice President Finance, and Vice President
Controller, for ServiceMaster Management Services Company, a business segment of
ServiceMaster Industries, Inc., a NYSE company. Prior to that, Mr. Johnson
worked in public accounting with McGladrey & Pullen, CPA's. Mr. Johnson has a
masters degree, a bachelors degree and is a California licensed CPA.

GEORGE MELVILLE is a member of the Board of Directors of Global Entertainment,
was a Director of WPHL, Inc. from its inception in 1995 until May 2003, and
currently serves as the Secretary of Global Entertainment. He also serves as a
Director and as Vice President of WPHL Holdings. Mr. Melville currently serves
as one of two Chairmen and owners of Boston Pizza. Together with James
Treliving, the other Chairman of Boston Pizza, Mr. Melville has won the Pacific
Canada Ernst & Young "Entrepreneur of the Year" award for Hospitality and
Tourism and the British Columbia American Marketing Association's "Marketer of
the Year" award. Boston Pizza has been named one of the FINANCIAL POST'S and
Arthur Andersen & Company's "50 Best Managed Private Companies" for the last six
years and has won the Pinnacle "Company of the Year" award. Mr. Melville is also
involved in the oil and gas, property development, and construction and
development industries. Prior to purchasing Boston Pizza with James Treliving in
1983, Mr. Melville owned and operated multiple franchised Boston Pizza
restaurants and was an accountant with Peat, Marwick, Mitchell & Co. Mr.
Melville is an accredited Chartered Accountant.

TERRY S. JACOBS has been a member of the Board of Directors of Global
Entertainment since 2000, and is Chairman, President and Chief Executive Officer
of JFP Group, LLC, a private real estate development, management and investment
group since September 2005. From its founding in September 1996 to September
2005, Mr. Jacobs served as Chairman of the Board and Chief Executive Officer of
Regent Communications, which is the owner and operator of 75 radio stations in
15 markets. He currently serves as Vice-Chairman of the Board of Directors of
Regent Communications and is a member of the Boards of Directors of American
Financial Group, Inc., a New York Stock Exchange listed company and Capital
Title Group, Inc., a Nasdaq listed company. Mr. Jacobs' business experience
includes the founding of Jacor Communications, Inc. in 1979, serving as Chairman
and Chief Executive Officer as the company grew to be the ninth largest radio

group in the Nation. Mr. Jacobs holds a Bachelors of Business Administration and
Masters of Actuarial Science from Georgia State University and is a Fellow of
the Casualty Actuarial Society and Member of the American Academy of Actuaries.
Mr. Jacobs is a member of the Board of the National Football Foundation and
College Hall of Fame.

DONALD R. HEAD has been a member of the Board of Directors of Global
Entertainment since 2000 and is Chairman of the Board, President and Chief
Executive Officer of Capital Title Group, Inc., a $128 million holding company
with in excess of 1,800 employees that offers real estate-related services for
residential and commercial customers through its wholly owned subsidiaries,
Capital Title Agency in Arizona, Nations Holding Group, New Century Title
Company, United Title Company and First California Title Company in California
and Land Title of Nevada in Nevada. In addition, Capital Title Group operates
United Title Insurance Company, a title insurance underwriter. Mr. Head
co-founded Centurian Development and Investments, Inc., a custom designer and
builder of residential homes, and is also a partner in America West Capital One
LLC, a residential real estate developer in Yavapai County, Arizona. He is a
graduate of Arizona State University with a BA in Business and holds a law
degree from the University of Arizona.

MICHAEL L. HARTZMARK joined Global Entertainment's Board of Directors on March
19, 2004 after the successful completion of the merger of Global and Cragar
Industries, Inc. Dr. Hartzmark also currently serves on the Board of Directors
of Pacific Biometrics, Inc. (OTCBB: PBME) and is on the Financial Advisory Board
of Shaker Investments, Inc. Prior to joining Global Dr. Hartzmark served as
Cragar's Chief Executive Officer and as a director since 1993. Prior to that,
Dr. Hartzmark was an Economic Consultant (as President of EconOhio Corporation)
and a Financial Consultant (as President of MDA Financial, Inc.). EconOhio wrote
business plans for and provided advice to a variety of companies. MDA Financial
provided financial consulting services to small and medium-size companies, as
well as assistance to oil and gas and real estate limited partnerships. From
1987 to 1989, Dr. Hartzmark was a Senior Economist at Lexecon, Inc., a
Chicago-based economics and law-consulting firm. Dr. Hartzmark was the John M.
Olin Visiting Scholar at the University of Chicago and an Assistant Professor at
the University of Michigan. He has also worked for the Treasury Department and
the Commodity Futures Trading Commission. Dr. Hartzmark earned his M.A. and
Ph.D. degrees in economics at the University of Chicago. He holds a B.A. in
economics from the University of Michigan.

MARK SCHWARTZ presently is a Director of Global Entertainment. Previously, he
served as a Director of Cragar Industries, dating back to January 1993. Mr.
Schwartz is President and CEO of G & S Metal Products Co., Inc., the largest
producer of metal bakeware for the consumer market in the United States, and G &
S Metal Products also imports and distributes a wide range of kitchen accessory
and household items. Through a subsidiary, G & S Metal is one of the major U.S.
manufacturers of aluminum fencing for residential and commercial markets. Its
customers include major U.S. and international retailers in virtually every
segment of the trade, including supermarkets, mass merchants, and television
retailers. Mr. Schwartz has been with G & S for well over 30 years and has been
President & Chief Executive Officer for over 15 years.

BRADFORD TRELIVING is currently an Executive Vice President of Global
Entertainment and has served as the President of the Central Hockey League since
June 2000. Mr. Treliving was Vice President/Director of Hockey Operations of the
WPHL from 1996 through June 2000 and was Director of Operations of the WPHL from
1995 to June 1996. Mr. Treliving was a professional hockey player from 1990 to
1995. Brad Treliving is the son of James Treliving, who is the Chairman of the
Board of Global Entertainment and WPHL Holdings, Inc.

WAYNE H. DAVIS is currently a Vice President for Global Entertainment and serves
as President of Global Entertainment Marketing Systems ("GEMS"), a subsidiary of
Global Entertainment, since June 2002. From March 2000 to June 2002, Mr. Davis
was Vice President of Sales of International Coliseums Company, Inc. ("ICC"),
another subsidiary of Global Entertainment. From February 1998 to March 2000,
Mr. Davis was Director of Ticket Operations of the WPHL, and was responsible for
the development of ticket sales, operations, systems, and sponsorship for 18
minor league professional hockey franchises. Prior to joining Global
Entertainment in 1998, Mr. Davis was a Ticket Sales Manager and Vice President
of Sales, respectively, for Bison Baseball, Inc. and Charleston River Dogs
Baseball, Inc., each of which operates a minor league professional baseball
franchise.

BOARD MEETINGS AND COMMITTEES

The Board of Directors held five meetings during fiscal 2005. During this
period, each Board member attended or participated in at least 75% of (i) the
total number of meetings of the Board that were held while he was a member and
(ii) the total number of meetings held by all committees of the Board on which
he was a member and while he was a member.

Global has an Audit Committee and a Compensation Committee. Global does not
maintain a nominating committee, as it believes it is not required to maintain
one under current NASD regulations or other applicable law, and instead its
director nominations are made by the full Board of Directors. The Audit
Committee and Compensation Committee were each formed on October 14, 2000. The
Audit Committee held four meetings during fiscal 2005 and the Compensation
Committee held three meetings during fiscal 2005.

The Audit Committee, which consists of Messrs. Terry S. Jacobs, George Melville
and Michael Hartzmark, meets periodically with Global's management and
independent accountants to review their work and confirm that they are properly
discharging their respective responsibilities. The Audit Committee also:

* recommends the appointment of independent accountants to audit Global's
financial statements and performs services related to the audit;
* reviews the scope and results of the audit with the independent
accountants;
* reviews with management and the independent accountants Global's annual
operating results;

* considers the adequacy of the internal accounting control procedures; and
* considers the independence of the accountants

The Board of Directors has not yet adopted a written charter for the Audit
Committee.

The Compensation Committee is currently comprised of Messrs. James Treliving,
Donald R. Head, and Mark Schwartz. The Compensation Committee determines the
salary and incentive compensation of Global's officers and provides
recommendations for the salaries and incentive compensation for its other
employees. The Compensation Committee also administers Global's long-term
incentive plan, including reviewing management recommendations with respect to
option grants and taking other actions as may be required in connection with its
compensation and incentive plans.

The Board has determined that all members of the Audit Committee and the
Compensation Committee are independent within the meaning of the criteria
established for listed issuers of securities traded on the Nasdaq Stock Market.
In addition, the Board has determined that all members of the Audit Committee
are financially literate, knowledgeable and qualified to review our financial
statements.

No member of Global's Compensation Committee has been an officer or employee of
Global at any time. None of Global's executive officers serve as a member of the
board of directors or compensation committee of any other company that has one
or more executive officers serving as a member of Global's Board of Directors,
nor has such a relationship existed in the past.

Any shareholder wishing to send communications to the Board of Directors or to
any individual member of the Board should forward a written communication to the
attention of the Secretary of the Company at the address listed on this
information statement, and the Secretary will then forward such communications
to the intended recipients. All written communications that pertain to
legitimate shareholder interests and to legitimate business matters of the
Company and that are otherwise appropriate matters for the Board to consider
will be forwarded. The Board does not have a written policy regarding the
attendance at annual meetings by all directors.

DIRECTOR COMPENSATION

Global currently pays its non-employee directors $2,000 per meeting and $1,000
per phone-conference meeting. In addition, non-employee directors also receive
$500 for participation in each committee meeting and $250 per phone-conference
meeting. Global also grants directors 10,000 options for joining the Board, in
addition to 10,000 options annually for service.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities and Exchange Act of 1934 requires the Company's
directors and executive officers, and persons who own more than ten percent of a
registered class of the Company's equity securities, to file with the Securities
and Exchange Commission (the "SEC") initial reports of ownership and reports of
changes in ownership of common stock and other equity securities of the Company.
Officers, directors and greater than ten percent (10%) stockholders are required
by SEC regulations to furnish the Company with copies of all Section 16(a) forms
they file.

To the Company's knowledge, based solely upon review of copies of such reports
furnished to the Company and written representations that no other reports were
required during the year ended May 31, 2005, Global believes that no other
reports were required and that no reports were filed in an untimely manner
during the fiscal year ended May 31, 2005.

EXECUTIVE COMPENSATION AND OTHER RELATED INFORMATION

SUMMARY COMPENSATION TABLE

The following table provides certain summary information concerning the
compensation earned by the Company's Chief Executive Officer and the Company's
three other most highly compensated executive officers whose salary and bonus
was in excess of $100,000, for services rendered in all capacities to the
Company and its subsidiaries. The individuals included in the table will be
referred to in this Information Statement as the named executive officers.

Long Term Compensation
Annual Compensation Awards
--------------------------------- ----------------------
Securities Underlying
Name and Principal Position Year Salary Stock Grants Bonus Stock Options
- --------------------------- ---- ------ ------------ ----- -------------

Richard Kozuback, 2005 $200,000 -- -- 20,000
Chief Executive Officer 2004 150,000 -- -- 20,000
2003 150,000 -- -- 5,000

J. Craig Johnson, 2005 106,000 -- -- 15,000
Chief Financial Officer 2004 12,500* 5,000 -- 5,000

Bradford Treliving, 2005 145,500 -- -- 7,000
Executive Vice President 2004 100,000 -- -- --

Wayne H. Davis 2005 115,000 -- -- --
Executive Vice President

- ----------
* - Mr. Johnson began employment on April 16, 2004 with an annual base salary
of $100,000.

STOCK OPTIONS

The following table sets forth information regarding options granted during the
fiscal year ended May 31, 2005 by the Company to the named executive officers:

Percent of Total
Number of Securities Options Granted to
Underlying Options Employees in Fiscal Exercise or Base
Name Granted Year 2005 Price Per Share Expiration Date
---- ------- --------- --------------- ---------------

Richard Kozuback 20,000 16.2% 5.75 2/23/2015
J. Craig Johnson 15,000 12.1% 5.75 2/23/2015
Bradford Treliving 7,000 5.7% 5.75 2/23/2015

STOCK OPTION EXERCISES AND HOLDINGS

The following table sets forth certain information concerning the exercise of
stock options during the fiscal year ended May 31, 2005 by each of the named
executive officers and the number and value of unexercised options held by each
of the named executive officers as of May 31, 2005.

Number Of Securities Value Of Unexercised
Underlying Unexercised In-The-Money
Options At Options At
May 31, 2005 May 31, 2005 ($)
---------------------- --------------------
Shares Acquired Value Exercisable/ Exercisable/
Name on Exercise Realized Unexercisable Unexercisable *
- ---- ----------- -------- ------------- ---------------

Richard Kozuback 0 0 62,500/0 $70,125/0
J. Craig Johnson 0 0 20,000/0 $8,250/0
Bradford Treliving 0 0 17,000/0 $16,500/0
Wayne H. Davis 0 0 2,500/0 $4,125/0

- ----------
* Calculated by taking the closing market price of the company's common stock
on May 31, 2005, of $5.15 per share, less the exercise price, multiplied by
the number of options exercisable or unexercisable. The amounts in these
columns may not represent amounts actually realized by these executive
officers.

EMPLOYMENT AGREEMENTS AND CHANGE IN CONTROL ARRANGEMENTS

Effective April 18, 2005 Global renewed a one-year employment agreement with
Richard Kozuback providing for an annual base salary of $200,000 with an
increase to $225,000 effective September 1, 2005. In September 2005 Global
entered into one-year employment agreements with Bradford Treliving, J. Craig
Johnson and Wayne H. Davis providing for annual base salaries of $150,000,
$150,000 and $120,000, respectively.

2000 LONG-TERM INCENTIVE PLAN

Global's Board of Directors and shareholders have adopted the Global
Entertainment Corporation 2000 Long-Term Incentive Plan. The principal purpose
of the plan is to promote the success, and enhance the value, of Global by
linking the personal interests of its key employees to those of its stockholders
and by providing its key employees with an incentive for outstanding
performance. The plan provides for a variety of compensation awards, including
non-qualified stock options, incentive stock options that are within the meaning
of Section 422 of the Internal Revenue Code, and restricted stock awards. A
total of 750,000 shares of common stock are reserved for issuance under the
plan, of which 589,523 shares had been granted as of September 2, 2005.

Global Board of Directors, or the compensation committee of the board of
directors, designates the participants in the plan, determines the type and
amount of awards granted, the terms and conditions of each award, sets the
exercise price of the awards, and makes all other decisions relating to the
issuance of awards under the plan.

Global's Board of Directors, or the compensation committee of the board of
directors, are authorized to terminate, amend or modify the plan. Global has
attempted to structure the plan in a manner such that remuneration attributable
to stock options and other awards will not be subject to the deduction
limitation contained in Section 162(m) of the Internal Revenue Code.

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

Miller Capital Corporation or MCC, a part of The Miller Group, which is involved
in private corporate finance, mergers and acquisitions, and management and
investor relations consulting, owns stock in Global, and its Chairman, President
and Chief Executive Officer, Rudy R. Miller, was formerly a member of Global's
board of directors. MCC was retained independently by both Global and Cragar
prior to the execution of the merger agreement between Global and Cragar. In
order to avoid any potential conflict, Mr. Miller resigned from his position as
a director of Global prior to the approval and execution of the merger agreement
and MCC waived any potential fee pursuant to its financial advisory agreement
with Global dated July 18, 2001 in connection with the merger. However, pursuant
to a financial advisory agreement with Cragar dated November 9, 2001, MCC was
entitled to receive, upon consummation of the merger, a financial advisory fee
of $250,000. In addition, MCC and Global have entered into an exclusive
financial advisory agreement pursuant to which MCC acts as a management
consultant to and as exclusive financial advisor for Global. Pursuant to this
agreement, MCC will provide services that include the development of strategic
financial plans to the extent required by Global and, when applicable, to
provide shareholder relation services. As compensation for such services, MCC
receives a monthly fee of $12,500 for 24 months following the effective date of
the merger with Cragar (March 2004), is entitled to receive a success fee equal
to 3% of any private debt financing, 4% of any public equity or debt financing,
10% of any private equity financing, and a graduated fee ranging from 5% to 1%
of the consideration received by Global in connection with any future merger or
acquisition transaction. In addition, MCC also received a warrant to acquire up
to 20,000 shares of Global's common stock at an exercise price of $3.50 per
share expiring five years from the date of grant.

ITEM NO. 2

RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS

The Board of Directors, upon the recommendation of the Audit Committee, has
selected Semple & Cooper, LLP, independent auditors, to audit the books,
records, and accounts of the Company and its subsidiaries for the year ending
May 31, 2006.

The firm of Semple & Cooper, LLP audits the Company's books annually, has
offices in or convenient to the localities in the United States where the
Company or its subsidiaries operate and is considered to be well qualified.
Semple & Cooper, LLP has audited the Company's books since 2000. The
shareholders holding a majority of the Company's issued and outstanding shares
approved by written consent in lieu of a meeting the ratification of the
selection of Semple & Cooper, LLP to serve as independent auditors for the
current year.

Shareholder ratification of the selection of Semple & Cooper, LLP as the
Company's independent auditors is not required by the Company's bylaws or
otherwise. Despite shareholder ratification of the selection of Semple & Cooper,
the Audit Committee and the Board in their discretion may direct the appointment
of different independent auditors at any time if they determine that such an
appointment would be in the best interests of the Company and its shareholders.

Semple & Cooper, LLP has no direct or indirect material financial interest in
the Company or any of its subsidiaries. A representative of Semple & Cooper, LLP
is expected to be present at the Meeting and will be given the opportunity to
make a statement on behalf of Semple & Cooper, LLP, if they so desire. The
representative also will be available to respond to questions raised by those in
attendance at the Meeting.

AUDIT FEES

The aggregate fees billed by Semple & Cooper, LLP for professional services
rendered for the audit of our annual financial statements and review of our
annual and quarterly reports on Forms 10-KSB and 10-QSB, respectively, for the
fiscal year ended May 31, 2005, were approximately $131,000. The aggregate fees
billed by Semple & Cooper for professional services rendered for the audit of
our annual financial statements and review of our annual and quarterly reports
on Forms 10-KSB and 10-QSB, respectively for the fiscal year ended May 31, 2004
were approximately $61,000.

FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES

Semple & Cooper, LLP did not render professional services to us for information
technology services relating to financial information systems design and
implementation for the fiscal years ended May 31, 2005 or May 31, 2004.

ALL OTHER FEES

Other than the services described above under "Audit Fees," Semple & Cooper, LLP
also prepared the company's tax returns for state and federal purposes. These
fees for the fiscal years ended May 31, 2005 and May 31, 2004 totaled
approximately $9,000 and $8,000, respectively. In 2004 Semple & Cooper, LLP also
performed services related to the company's S-4 registration statement totaling
approximately $74,000.

AUDIT COMMITTEE PRE-APPROVAL POLICIES AND PROCEDURES

The 2005 and 2004 audit services provided by Semple & Cooper, LLP were approved
by our Audit Committee. The Audit Committee implemented pre-approval policies
and procedures related to the provision of audit and non-audit services. Under
these procedures, the Audit Committee pre-approves both the type of services to
be provided by our independent accountants and the estimated fees related to
these services. During the approval process, the Audit Committee considers the
impact of the types of services and related fees on the independence of the
auditor. These services and fees must be deemed compatible with the maintenance
of the auditor's independence, in compliance with the SEC rules and regulations.
Throughout the year, the Audit Committee and, if necessary, the Board of
Directors, reviews revisions to the estimates of audit and non-audit fees
initially approved.

SHAREHOLDER PROPOSALS

Shareholders are entitled to present proposals for action at a forthcoming
meeting if they comply with the requirements of the proxy rules promulgated by
the SEC and the Company's Bylaws. Proposals of stockholders of the Company
intended to be presented for consideration at the Company's 2006 Annual Meeting
of Shareholders and included in the Company's proxy statement for that year must
be received by the Company no later than May 31, 2006, in order that they be
included in any proxy statement and form of proxy related to that meeting.

/s/ J. Craig Johnson
-----------------------------
J. Craig Johnson
Chief Financial Officer

Phoenix, Arizona
September 27, 2005