Key Technology, Inc. Form 8-K 02-07-07

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): February 7, 2007


KEY TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)

OREGON
0-21820
93-0822509
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

150 Avery Street
Walla Walla, Washington 99362
(Address of principal executive offices) (Zip Code)

(509) 529-2161
(Registrant’s telephone number, including area code)


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.

   
Key Technology, Inc. (the “Company”) announced on February 12, 2007 the retirement of Thomas C. Madsen as Chairman and as a director of Key Technology’s Board of Directors effective February 7, 2007. Current independent director Charles H. Stonecipher has been selected to serve as the new Chairman of the Board.
 
The full text of the press release disclosing the retirement of Mr. Madsen and selection of Mr. Stonecipher is attached hereto as Exhibit 99.1.

 
Item 9.01.
FINANCIAL STATEMENTS AND EXHIBITS
   
 
(d)
Exhibits
   
 
The following exhibit is furnished with this Current Report on Form 8-K:
   
 
99.1
Press release of Key Technology, Inc. dated February 12, 2007
 
 
 
 

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 thereunto duly authorized.


 
KEY TECHNOLOGY, INC.
   
 
/s/ DAVID M. CAMP   
 
David M. Camp
 
President and Chief Executive Officer


Dated: February 12, 2007
 


 
 
 
 
EXHIBIT INDEX
 
Exhibit No.
  
Description
     
99.1
  
Press release of Key Technology, Inc. dated February 12, 2007