content: <PAGE>
  
                         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): August 31, 2001
  
  
  
                        PACIFIC AEROSPACE & ELECTRONICS, INC.
  
               (Exact name of registrant as specified in its charter)
  
  
  
             Washington               0-26088                   91-1744587
           (State or other          (Commission               (IRS Employer
           jurisdiction of         (File Number)            Identification No.)
          incorporation or
            organization)
  
  430 Olds Station Road, Third Floor, Wenatchee, WA              98801
  (Address of Principal Executive Offices)                     (Zip Code)
  
  
  Registrant's telephone number,
  including area code:                                        (509) 667-9600
  
  <PAGE>
  
  
  
  Item 5.  Other Events
  ---------------------
  
  On August 31, 2001, the Company issued a press release stating that it had
  failed to make an interest payment on its 11 1/4% senior subordinated notes (the
  "Notes") within a grace period that expired on August 31, 2001. The press
  release is attached to this current report as Exhibit 99.1 and incorporated by
  reference in this current report.
  
  On September 7, 2001, the Company issued a press release stating that it had
  entered into a lock-up agreement with the holders of approximately 98% of the
  Notes, related to a restructuring of the Company's debt and equity. The press
  release is attached to this current report as Exhibit 99.2 and incorporated by
  reference in this current report.
  
  Item 7.  Financial Statements and Exhibits
  ------------------------------------------
  
  (a)      Financial Statements
           --------------------
  
  None required.
  
  (b)      Pro Forma Financial Information
           -------------------------------
  
  Not applicable.
  
  (c)      Exhibits
           --------
  
  The following are filed as exhibits to this current report:
  
  99.1     Press release dated August 31, 2001.
  
  99.2     Press release dated September 7, 2001.
  
  99.3     Agreement dated September 7, 2001, between Pacific Aerospace &
           Electronics, Inc., GSCP Recovery, Inc., Alliance Capital Management
           L.P., as investment advisor, M.W. Post Advisory Group L.L.C., as
           investment advisor, and William E. Simon & Sons Special Situation
           Partners II, L.P.
  
  
                                         2
  
  <PAGE>
  
  
                                     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.
  
                              PACIFIC AEROSPACE & ELECTRONICS, INC.
  
                              By: /s/ Sheryl A. Symonds
                                  -------------------------------------
                                  Sheryl A. Symonds
                                  V.P. Administration & General Counsel, Secretary
  
  
  
  Dated: September 11, 2001
  
                                         3
  
  <PAGE>
  
                                    EXHIBIT INDEX
  
  Exhibit
  Number   Description
  
  99.1     Press release dated August 31, 2001.
  
  99.2     Press release dated September 7, 2001.
  
  99.3     Agreement dated September 7, 2001, between Pacific Aerospace &
           Electronics, Inc., GSCP Recovery, Inc., Alliance Capital Management
           L.P., as investment advisor, M.W. Post Advisory Group L.L.C., as
           investment advisor, and William E. Simon & Sons Special Situation
           Partners II, L.P.
  
                                         4
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "d8k.txt", "description": "FORM 8-K", "secsgml_size_bytes": 3791}]
metadata_filer: {"company-data": {"conformed-name": "PACIFIC AEROSPACE & ELECTRONICS INC", "cik": "0000790023", "assigned-sic": "3640", "irs-number": "911744587", "state-of-incorporation": "WA", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26088", "film-number": "1735772"}, "business-address": {"street1": "430 OLDS STATION RD", "city": "WENATCHEE", "state": "WA", "zip": "98801", "phone": "5096679600"}, "mail-address": {"street1": "430 OLDS STATION ROAD", "city": "WENATCHEE", "state": "WA", "zip": "98801"}, "former-company": [{"former-conformed-name": "PCT HOLDINGS INC /NV/", "date-changed": "19950223"}, {"former-conformed-name": "VERAZZANA VENTURES LTD", "date-changed": "19920703"}, {"former-conformed-name": "VERAZZANA VENTURES SYSTEMS LTD", "date-changed": "19890618"}]}
text: 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): August 31, 2001
  
                        PACIFIC AEROSPACE & ELECTRONICS, INC.
  
               (Exact name of registrant as specified in its charter)
  
             Washington               0-26088                   91-1744587
           (State or other          (Commission               (IRS Employer
           jurisdiction of         (File Number)            Identification No.)
          incorporation or
            organization)
  
  430 Olds Station Road, Third Floor, Wenatchee, WA              98801
  (Address of Principal Executive Offices)                     (Zip Code)
  
  Registrant's telephone number,
  including area code:                                        (509) 667-9600
  Item 5.  Other Events
  ---------------------
  
  On August 31, 2001, the Company issued a press release stating that it had
  failed to make an interest payment on its 11 1/4% senior subordinated notes (the
  "Notes") within a grace period that expired on August 31, 2001. The press
  release is attached to this current report as Exhibit 99.1 and incorporated by
  reference in this current report.
  
  On September 7, 2001, the Company issued a press release stating that it had
  entered into a lock-up agreement with the holders of approximately 98% of the
  Notes, related to a restructuring of the Company's debt and equity. The press
  release is attached to this current report as Exhibit 99.2 and incorporated by
  reference in this current report.
  
  Item 7.  Financial Statements and Exhibits
  ------------------------------------------
  
  (a)      Financial Statements
           --------------------
  
  None required.
  
  (b)      Pro Forma Financial Information
           -------------------------------
  
  Not applicable.
  
  (c)      Exhibits
           --------
  
  The following are filed as exhibits to this current report:
  
  99.1     Press release dated August 31, 2001.
  
  99.2     Press release dated September 7, 2001.
  
  99.3     Agreement dated September 7, 2001, between Pacific Aerospace &
           Electronics, Inc., GSCP Recovery, Inc., Alliance Capital Management
           L.P., as investment advisor, M.W. Post Advisory Group L.L.C., as
           investment advisor, and William E. Simon & Sons Special Situation
           Partners II, L.P.
  
                                         2
  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.
  
                              PACIFIC AEROSPACE & ELECTRONICS, INC.
  
                              By: /s/ Sheryl A. Symonds
                                  -------------------------------------
                                  Sheryl A. Symonds
                                  V.P. Administration & General Counsel, Secretary
  
  Dated: September 11, 2001
  
                                         3
  EXHIBIT INDEX
  
  Exhibit
  Number   Description
  
  99.1     Press release dated August 31, 2001.
  
  99.2     Press release dated September 7, 2001.
  
  99.3     Agreement dated September 7, 2001, between Pacific Aerospace &
           Electronics, Inc., GSCP Recovery, Inc., Alliance Capital Management
           L.P., as investment advisor, M.W. Post Advisory Group L.L.C., as
           investment advisor, and William E. Simon & Sons Special Situation
           Partners II, L.P.
  
                                         4