<html>

  <head>
    <title>form8-k.htm</title>
<!-- Licensed to: Kaman Corp-->
<!-- Document Created using EDGARizer 4.0.0.0 -->
<!-- Copyright 2007 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div>
      <hr style="COLOR: black" align="left" noshade size="4" width="100%">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">WASHINGTON,
      DC 20549</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">FORM
      8-K</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">CURRENT
      REPORT PURSUANT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">TO
      SECTION 13 OR 15(d) OF THE</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">SECURITIES
      EXCHANGE ACT OF 1934</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Date
      of
      report (Date of earliest event reported): August 7, 2007 (August 7,
      2007)</font></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>Kaman
      Corporation</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">(Exact
      Name of Registrant as Specified in Its Charter)</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>Connecticut</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">(State
      or
      Other Jurisdiction of Incorporation)</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="39%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;"><strong>0-1093</strong></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;"><strong>06-0613548</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="39%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">(Commission
                File Number)</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">(IRS
                Employer Identification No.)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="39%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="39%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;"><strong>1332
                Blue Hills Avenue, Bloomfield, Connecticut</strong></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;"><strong>06002</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="39%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">(Address
                of Principal Executive Offices)</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="38%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">(Zip
                Code)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>(860)
      243-7100</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">(Registrant's
      Telephone Number, Including Area Code)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Not
      Applicable</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">(Former
      Name or Former Address, if Changed Since Last Report)</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>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):</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">1</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">5.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Departure
      of Directors or Certain Officers; Election of Directors; Appointment of Certain
      Officers' Compensatory Arrangements of Certain Officers.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">On
      August
      7, 2007, the Company announced that at a meeting held on August 7, 2007, its
      Board of Directors (the "Board") selected Mr. Neal J. Keating, 51, as the next
      President and Chief Executive Officer of the Company.&#160;&#160;Mr. Keating
      will join the Company on September 17, 2007 (the "Effective Date") as President
      and Chief Operating Officer for a brief interim period, to be followed by his
      appointment as President and Chief Executive Officer on or before January 1,
      2008.&#160;&#160;Mr. Paul R. Kuhn, the Company's current Chairman, President and
      Chief Executive Officer will retain the title of Chairman following Mr.
      Keating's appointment as Chief Executive Officer until Mr. Kuhn's retirement
      from the Company, which is scheduled to occur on February 21, 2008.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">On
      August
      7, 2007, the Board also approved an increase in the number of directorships
      from
      nine (9) to ten (10) in order to accommodate the appointment of Mr. Keating
      as a
      Class II director on the Effective Date. His initial term as a director will
      expire at the 2008 Annual Meeting of Shareholders. Mr. Keating will not serve
      on
      any of the Board's committees.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Mr.
      Keating's most recent position was Chief Operating Officer at Hughes Supply,
      a
      $5.4 billion industrial distributor that was acquired by Home Depot in
      2006.&#160;&#160;Prior to that, from August 2002 to June 2004, he served as
      Managing Director/Chief Executive Officer of GKN Aerospace, a $1 billion
      aerospace subsidiary of GKN, plc, serving also as Executive Director on the
      Main
      Board of GKN plc and as a member of the Board of Directors of
      Agusta-Westland.&#160;&#160;&#160;From 1978 to July 2002, Mr. Keating served in
      increasingly senior positions at Rockwell International and as Executive Vice
      President and Chief Operating Officer of Rockwell Collins, Commercial Systems,
      a
      $1.7 billion commercial aerospace business from 2001 through
      2002.&#160;&#160;Mr. Keating graduated from the University of Illinois in 1977
      with a degree in electrical engineering and obtained an Executive MBA in 1988
      from the University of Chicago.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">On
      August
      7, 2007, the Board approved, and the parties have signed, an Executive
      Employment Agreement and Change in Control Agreement, which are attached to
      this
      Form 8-K as Exhibits 10.1 and 10.2, respectively, and are incorporated by
      reference.&#160;&#160;The following summary of the Executive Employment
      Agreement and Change in Control Agreement does not purport to be complete and
      is
      subject to and qualified in its entirety by reference to Exhibits 10.1 and
      10.2.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Executive
      Employment Agreement (the "Employment Agreement")</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      Company's commitment to name Mr. Keating to the posts described above is set
      forth in the Employment Agreement as are the following terms:</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Employment
      Agreement</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><em>Term;
      Cash Compensation</em></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      term
      of the Employment Agreement is three (3) years, beginning on the Effective
      Date,
      subject to annual renewal thereafter.&#160;&#160;Mr. Keating's initial annual
      base salary will be $640,000, which will be increased to $675,000 on January
      1,
      2008, and any increases thereafter will be at the discretion of the Board.
      There
      will be no further increase in salary associated with Mr. Keating's appointment
      as President and Chief Executive Officer, as described above.&#160;&#160;Mr.
      Keating will participate in the Company's Cash Bonus Plan and his target bonus
      will be at 80% of annual base salary. His bonus for plan year 2007 will be
      prorated to reflect the number of days from the Effective Date to December
      31,
      2007, divided by 365 and will otherwise be determined in accordance with the
      terms of the Company's Cash Bonus Plan.</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><em>Restricted
      Stock Award</em></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      Company has agreed to provide Mr. Keating, on the Effective Date, with a
      restricted stock award of 20,000 shares of Common Stock under the terms of
      the
      Company's 2003 Stock Incentive Plan. Generally, restrictions will lapse at
      the
      rate of twenty percent per year, beginning one year after the grant date.
      Lapsing of restrictions may be accelerated upon death, disability, retirement
      or
      upon termination of employment following a change in control event or in other
      termination of employment circumstances in accordance with Mr.
      Keating's&#160;&#160;Employment Agreement and Change in Control Agreement. The
      award will be considered and approved by the Personnel and Compensation
      Committee of the Board on or before the Effective Date.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><em>Supplemental
      Employees' Retirement Plan</em></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">At
      its
      meeting on August 7, 2007, the Board approved Mr. Keating as a participant
      in
      the Company's Supplemental Employees' Retirement Plan, an unqualified excess
      benefits plan which generally makes each participant "whole" for the benefits
      that cannot be provided under the Company's tax-qualified defined benefit
      pension plan due to limits under federal tax law.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><em>Long-Term
      Incentive Program</em></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      Company has also agreed that Mr. Keating will participate in the long-term
      incentive program feature of the Company's 2003 Stock Incentive Plan effective
      for the performance period beginning January 1, 2008. His target percentage
      for
      that performance period will be 160%.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><em>Other
      Employment Benefits</em></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Mr.
      Keating will also receive the following benefits:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Life
      Insurance. </u>In accordance with the terms of the Company's Senior Executive
      Life Insurance Program, Mr. Keating will be provided with $1.2 million of life
      insurance coverage. At its meeting on August 7, 2007, the Board also approved
      the Company's continued payment of policy premiums should Mr. Keating retire
      from active service with the Company at or after age 62 under the Company's
      tax-qualified defined benefit pension plan.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Vacation.</u>&#160;&#160;Mr.
      Keating will be entitled to four (4) weeks' vacation per year and otherwise
      in
      accordance with the Company's Vacation Policy.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Automobile.</u>&#160;&#160;In
      accordance with the Company's Perquisites Policy, the Company will lease a
      vehicle of Mr. Keating's choice, with a stipulated cost up to
      $80,000.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Moving
      Expenses.</u>&#160;&#160;The Company will pay Mr. Keating's reasonable
      relocation expenses, including but not limited to storage, transportation,
      meals
      and incidentals, reasonable costs related to the sale of his current home with
      a
      maximum of 6% real estate commission, reasonable closing costs for purchase
      of a
      home in Connecticut, and a tax gross-up for those reasonable expenses that
      are
      not tax deductible to him.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Tax
      and Estate Planning Services</u>.&#160;&#160;At its meeting on August 7, 2007,
      the Company approved the addition of Mr. Keating to the group of executives
      for
      whom tax accounting and tax and estate planning services are provided on an
      annual basis, subject to a current overall limitation of $70,000 for the
      group.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Initiation
      Fee for Club Membership.</u>&#160;&#160;The company has also agreed to pay the
      initiation fee for one club membership of Mr. Keating's choice, up to $20,000
      and otherwise in accordance with the Company's Perquisites Policy.</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><em>Severance
      Benefits</em></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Mr.
      Keating shall be entitled to severance benefits only if (1) his employment
      is
      terminated without &#8220;cause&#8221; (as defined) or he resigns with &#8220;good reason&#8221; (as
      defined) during the Employment Term, and (2) he signs a release
      agreement.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Severance
      benefits payable to Mr. Keating upon a termination of employment without cause
      or resignation for good reason are:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;unpaid
      base salary through the date of termination, any accrued vacation, any unpaid
      bonus or long-term performance award&#160; ("LTIP") with respect to a completed
      performance period, reimbursement for any unreimbursed expenses through the
      date
      of termination and all accrued and vested benefits under the Company's
      compensation and benefit plans, programs and arrangements (collectively,
&#8220;Accrued Benefits&#8221;);</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a
      pro-rata portion of Mr. Keating's annual bonus for the performance year in
      which
      the termination occurs;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a
      lump-sum payment equal to two times Mr. Keating's base salary and most recent
      bonus paid or earned, subject to a reduction as set forth in the employment
      agreement if termination of employment occurs within two years of Mr. Keating's
      &#8220;retirement eligibility date&#8221; (as defined);</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;pro-rata
      payment of each outstanding LTIP award&#160;for which the performance period has
      not yet been completed based on 100% of the target value;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;title
      to Mr. Keating's Company automobile on an &#8220;as is&#8221; basis, with the automobile's
      fair market value being taxable to him; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;continued
      participation at the Company's expense for up to 24 months in all medical,
      dental and vision plans which cover him and his eligible dependents, subject
      to
      offset due to future employment.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If
      Mr. Keating is discharged with cause or resigns without good reason, Mr. Keating
      will receive only his Accrued Benefits.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If
      Mr. Keating's employment is terminated due to his death or disability, Mr.
      Keating or his estate, as applicable, will receive his Accrued Benefits and
      a
      pro-rata portion of his annual bonus for the performance year in which his
      death
      or disability occurred.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If
      Mr. Keating retires, he will receive (i) a pro-rata portion of his annual bonus
      for the year of retirement, (ii) pro-rata vesting of LTIP awards, (iii) title
      to
      the Company automobile on an &#8220;as is&#8221; basis, with the automobile's fair market
      value being taxable to him, and (iv) the Accrued Benefits.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Mr.
      Keating's outstanding equity awards shall become fully vested upon (i) his
      &#8220;retirement&#8221; (as defined), (ii) the termination of his employment without cause,
      for &#8220;disability&#8221; (as defined), or due to death, (iii) his resignation for good
      reason, or (iv) a &#8220;change in control&#8221; (as defined).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Mr.
      Keating has agreed that in the event he is entitled to receive severance
      benefits upon termination of employment, he will not solicit the employees
      of
      the Company and its subsidiaries for 2 years following the date of termination
      and will refrain from competing with the Company and its subsidiaries until
      his
      retirement eligibility date or two years from the date that his employment
      terminates, whichever is earlier.</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Following
      termination of employment for any reason, Mr. Keating will assist and cooperate
      with the Company and its subsidiaries regarding any matter or project in which
      he was involved during his employment. The Company shall compensate Mr. Keating
      for any lost wages or expenses associated with such cooperation and
      assistance.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      parties have agreed in good faith to amend the Employment Agreement as may
      be
      required to comply with final regulations issued by the Treasury Department
      under Section 409A of the Internal Revenue Code without materially impacting
      the
      economic cost to the Company or economic value to Mr. Keating.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Change
      in Control Agreement</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      Change in Control Agreement provides Mr. Keating with enhanced severance
      protection after a "change of control" of the Company (as defined in the Change
      in Control Agreement and consistent with the agreements of other Company
      executives). The term of the Change in Control Agreement is five (5) years,
      subject to annual renewal thereafter.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">The
      terms
      of the Change in Control Agreement include the following:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If
      Mr. Keating's employment is terminated for any reason following a change in
      control (as defined), he will be entitled to all Accrued Benefits (as defined
      above) as of the time of employment termination.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If
      Mr. Keating's employment is terminated due to death, &#8220;disability&#8221; or &#8220;good
      reason&#8221; (as defined in the Change in Control Agreement) then he shall receive a
      pro-rata portion of his annual bonus for the performance year in which the
      termination occurs at the time that annual bonuses are paid to other senior
      executives.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If
      Mr. Keating's employment is terminated without cause or by Mr. Keating for
      good
      reason within 90 days prior to the execution of a purchase and sale agreement
      resulting in a change in control or anytime thereafter until the second
      anniversary of a change in control, he will be entitled to receive the following
      &#8220;Severance Benefits&#8221;:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;lump-sum
      cash payment equal to the three times his base salary plus three times the
      last
      annual bonus paid or awarded to him in the three years preceding the date of
      termination;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;continued
      participation at the Company's expense for 24 months in all medical, dental
      and
      vision plans which cover him and his eligible dependents, subject to offset
      due
      to future employment;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;full
      vesting of his outstanding equity awards;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;payment
      of his long term incentive program awards at 100% of the target value of the
      award;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;an
      additional three years of credited and continuous service under the Kaman
      Corporation Supplemental Employees' Retirement Plan ;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;benefits
      under the post-retirement health care plans if he would have otherwise become
      eligible for those benefits by remaining employed through the second anniversary
      of the employment termination date;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>vii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;prepayment
      of premiums under any life insurance policy insuring his life and ownership
      of
      such policy;</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>viii)&#160;&#160;&#160;&#160;&#160;&#160;
      reimbursement for up to $30,000 (in the aggregate) for outplacement services
      and
      relocation costs until the earlier of the first anniversary of the date of
      termination or the first day of employment with a new employer; and</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 63pt;"></font>ix)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;title
      to his Company automobile, with the automobile's fair market value being taxable
      to him.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Mr.
      Keating shall be entitled to Severance Benefits under the Change in Control
      Agreement only if (1) he signs a release agreement, and (2) he agrees not to
      compete with the Company and its subsidiaries or to solicit their employees
      during the 2-year period following termination of employment. Following
      termination of employment, Mr. Keating will assist and cooperate with the
      Company regarding any matter or project in which he was involved during his
      employment and the Company shall compensate him for any lost wages or expenses
      associated with such assistance and cooperation.&#160;&#160;The parties have
      also agreed in good faith to amend the Change in Control Agreement as may be
      required to comply with the final regulations issued by the Treasury Department
      under Section 409A of the Internal Revenue Code without materially impacting
      the
      economic cost to the Company or economic value to Mr. Keating.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><u>Coordination
      Between Employment Agreement and Change in Control Agreement</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Mr.
      Keating will not be entitled to receive full severance benefits under both
      the&#160;&#160;Employment Agreement and the Change in Control Agreement. A tax
      gross-up for excise taxes under Section 4999 of the Internal Revenue Code (and
      income taxes on the gross-up) that become payable by Mr. Keating will be paid
      only if payments (including vesting of outstanding equity compensation awards)
      contingent on a change in ownership or control of the Company exceed the maximum
      amount (as determined under applicable tax rules) that Mr. Keating could receive
      without having any such payments become subject to such tax by at least
      $100,000.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Item
      9.01&#160;&#160;Financial Statements and Exhibits</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 27pt;"></font>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 54pt;"></font>The
      following documents are filed
      as&#160;&#160;Exhibits herewith:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Exhibit
      99.1 - Press Release dated August 7, 2007 announcing the appointment of Neal
      J.
      Keating</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Exhibit
      10.1 - Executive Employment Agreement dated August 7, 2007 between Kaman
      Corporation and Neal J. Keating and Offer Letter dated August 7,
      2007</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Exhibit
      10.2 &#8211; Change in Control Agreement dated August 7, 2007 between Kaman
      Corporation and Neal J. Keating</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>SIGNATURES</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>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.</font></div>
    <div><br></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" colspan="2" valign="top" width="40%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">KAMAN
                CORPORATION</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="35%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="35%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="35%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="35%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="4%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">By:</font></div>
            </td>
            <td align="justify" valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">/s/
                Robert M. Garneau</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="35%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Robert
                M. Garneau</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="35%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Executive
                Vice President and</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="35%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Chief
                Financial Officer</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Date:
      August 7, 2007</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">7</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">KAMAN
      CORPORATION AND SUBSIDIARIES</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Index
      to
      Exhibits</font></div>
    <div><br></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="12%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;"><u>Exhibit</u></font></div>
            </td>
            <td align="left" valign="top" width="58%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;"><u>Description</u></font></div>
            </td>
            <td valign="top" width="8%" style="PADDING-BOTTOM: 2px; BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="12%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="58%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="8%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="12%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">99.1</font></div>
            </td>
            <td align="left" valign="top" width="58%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Press
                release dated August 7, 2007</font></div>
            </td>
            <td align="right" valign="top" width="8%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Attached</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="12%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="58%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="8%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="12%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">10.1</font></div>
            </td>
            <td align="left" valign="top" width="58%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Executive
                Employment Agreement dated August 7, 2007 between Kaman Corporation
                and
                Neal J. Keating and Offer Letter dated August 7, 2007</font></div>
            </td>
            <td align="right" valign="top" width="8%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Attached</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="12%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="58%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="8%" style="BORDER-BOTTOM: black"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="12%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">10.2</font></div>
            </td>
            <td align="left" valign="top" width="58%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Change
                in Control Agreement dated August 7, 2007 between Kaman Corporation
                and
                Neal J. Keating</font></div>
            </td>
            <td align="right" valign="top" width="8%" style="BORDER-BOTTOM: black">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman;">Attached</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div><br></div>
    <div><br></div>
  </body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "form8-k.htm", "description": "KAMAN CORPORATION FORM 8-K DATED AUGUST 7, 2007", "secsgml_size_bytes": 64008}]
{"company-data": {"conformed-name": "KAMAN CORP", "cik": "0000054381", "assigned-sic": "5080", "irs-number": "060613548", "state-of-incorporation": "CT", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-01093", "film-number": "071031968"}, "business-address": {"street1": "1332 BLUE HILLS AVE", "city": "BLOOMFIELD", "state": "CT", "zip": "06002", "phone": "8602437100"}, "mail-address": {"street1": "1332 BLUE HILLS AVE", "city": "BLOOMFIELD", "state": "CT", "zip": "06002"}, "former-company": {"former-conformed-name": "KAMAN AIRCRAFT CORP", "date-changed": "19680403"}}
form8-k.htm
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      DC 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 7, 2007 (August 7,
      2007)
Kaman
      Corporation
(Exact
      Name of Registrant as Specified in Its Charter)
Connecticut
(State
      or
      Other Jurisdiction of Incorporation)
0-1093
06-0613548
(Commission
                File Number)
(IRS
                Employer Identification No.)
1332
                Blue Hills Avenue, Bloomfield, Connecticut
06002
(Address
                of Principal Executive Offices)
(Zip
                Code)
(860)
      243-7100
(Registrant's
      Telephone Number, Including Area Code)
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 (see General Instruction
      A.2. below):
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))
1
5.02           Departure
      of Directors or Certain Officers; Election of Directors; Appointment of Certain
      Officers' Compensatory Arrangements of Certain Officers.
On
      August
      7, 2007, the Company announced that at a meeting held on August 7, 2007, its
      Board of Directors (the "Board") selected Mr. Neal J. Keating, 51, as the next
      President and Chief Executive Officer of the Company.  Mr. Keating
      will join the Company on September 17, 2007 (the "Effective Date") as President
      and Chief Operating Officer for a brief interim period, to be followed by his
      appointment as President and Chief Executive Officer on or before January 1,
      2008.  Mr. Paul R. Kuhn, the Company's current Chairman, President and
      Chief Executive Officer will retain the title of Chairman following Mr.
      Keating's appointment as Chief Executive Officer until Mr. Kuhn's retirement
      from the Company, which is scheduled to occur on February 21, 2008.
On
      August
      7, 2007, the Board also approved an increase in the number of directorships
      from
      nine (9) to ten (10) in order to accommodate the appointment of Mr. Keating
      as a
      Class II director on the Effective Date. His initial term as a director will
      expire at the 2008 Annual Meeting of Shareholders. Mr. Keating will not serve
      on
      any of the Board's committees.
Mr.
      Keating's most recent position was Chief Operating Officer at Hughes Supply,
      a
      $5.4 billion industrial distributor that was acquired by Home Depot in
      2006.  Prior to that, from August 2002 to June 2004, he served as
      Managing Director/Chief Executive Officer of GKN Aerospace, a $1 billion
      aerospace subsidiary of GKN, plc, serving also as Executive Director on the
      Main
      Board of GKN plc and as a member of the Board of Directors of
      Agusta-Westland.   From 1978 to July 2002, Mr. Keating served in
      increasingly senior positions at Rockwell International and as Executive Vice
      President and Chief Operating Officer of Rockwell Collins, Commercial Systems,
      a
      $1.7 billion commercial aerospace business from 2001 through
      2002.  Mr. Keating graduated from the University of Illinois in 1977
      with a degree in electrical engineering and obtained an Executive MBA in 1988
      from the University of Chicago.
On
      August
      7, 2007, the Board approved, and the parties have signed, an Executive
      Employment Agreement and Change in Control Agreement, which are attached to
      this
      Form 8-K as Exhibits 10.1 and 10.2, respectively, and are incorporated by
      reference.  The following summary of the Executive Employment
      Agreement and Change in Control Agreement does not purport to be complete and
      is
      subject to and qualified in its entirety by reference to Exhibits 10.1 and
      10.2.
Executive
      Employment Agreement (the "Employment Agreement")
The
      Company's commitment to name Mr. Keating to the posts described above is set
      forth in the Employment Agreement as are the following terms:
Employment
      Agreement
Term;
      Cash Compensation
The
      term
      of the Employment Agreement is three (3) years, beginning on the Effective
      Date,
      subject to annual renewal thereafter.  Mr. Keating's initial annual
      base salary will be $640,000, which will be increased to $675,000 on January
      1,
      2008, and any increases thereafter will be at the discretion of the Board.
      There
      will be no further increase in salary associated with Mr. Keating's appointment
      as President and Chief Executive Officer, as described above.  Mr.
      Keating will participate in the Company's Cash Bonus Plan and his target bonus
      will be at 80% of annual base salary. His bonus for plan year 2007 will be
      prorated to reflect the number of days from the Effective Date to December
      31,
      2007, divided by 365 and will otherwise be determined in accordance with the
      terms of the Company's Cash Bonus Plan.
2
Restricted
      Stock Award
The
      Company has agreed to provide Mr. Keating, on the Effective Date, with a
      restricted stock award of 20,000 shares of Common Stock under the terms of
      the
      Company's 2003 Stock Incentive Plan. Generally, restrictions will lapse at
      the
      rate of twenty percent per year, beginning one year after the grant date.
      Lapsing of restrictions may be accelerated upon death, disability, retirement
      or
      upon termination of employment following a change in control event or in other
      termination of employment circumstances in accordance with Mr.
      Keating's  Employment Agreement and Change in Control Agreement. The
      award will be considered and approved by the Personnel and Compensation
      Committee of the Board on or before the Effective Date.
Supplemental
      Employees' Retirement Plan
At
      its
      meeting on August 7, 2007, the Board approved Mr. Keating as a participant
      in
      the Company's Supplemental Employees' Retirement Plan, an unqualified excess
      benefits plan which generally makes each participant "whole" for the benefits
      that cannot be provided under the Company's tax-qualified defined benefit
      pension plan due to limits under federal tax law.
Long-Term
      Incentive Program
The
      Company has also agreed that Mr. Keating will participate in the long-term
      incentive program feature of the Company's 2003 Stock Incentive Plan effective
      for the performance period beginning January 1, 2008. His target percentage
      for
      that performance period will be 160%.
Other
      Employment Benefits
Mr.
      Keating will also receive the following benefits:
Life
      Insurance.
In accordance with the terms of the Company's Senior Executive
      Life Insurance Program, Mr. Keating will be provided with $1.2 million of life
      insurance coverage. At its meeting on August 7, 2007, the Board also approved
      the Company's continued payment of policy premiums should Mr. Keating retire
      from active service with the Company at or after age 62 under the Company's
      tax-qualified defined benefit pension plan.
Vacation.
Mr.
      Keating will be entitled to four (4) weeks' vacation per year and otherwise
      in
      accordance with the Company's Vacation Policy.
Automobile.
In
      accordance with the Company's Perquisites Policy, the Company will lease a
      vehicle of Mr. Keating's choice, with a stipulated cost up to
      $80,000.
Moving
      Expenses.
The Company will pay Mr. Keating's reasonable
      relocation expenses, including but not limited to storage, transportation,
      meals
      and incidentals, reasonable costs related to the sale of his current home with
      a
      maximum of 6% real estate commission, reasonable closing costs for purchase
      of a
      home in Connecticut, and a tax gross-up for those reasonable expenses that
      are
      not tax deductible to him.
Tax
      and Estate Planning Services
.  At its meeting on August 7, 2007,
      the Company approved the addition of Mr. Keating to the group of executives
      for
      whom tax accounting and tax and estate planning services are provided on an
      annual basis, subject to a current overall limitation of $70,000 for the
      group.
Initiation
      Fee for Club Membership.
The company has also agreed to pay the
      initiation fee for one club membership of Mr. Keating's choice, up to $20,000
      and otherwise in accordance with the Company's Perquisites Policy.
3
Severance
      Benefits
Mr.
      Keating shall be entitled to severance benefits only if (1) his employment
      is
      terminated without "cause" (as defined) or he resigns with "good reason" (as
      defined) during the Employment Term, and (2) he signs a release
      agreement.
a)         Severance
      benefits payable to Mr. Keating upon a termination of employment without cause
      or resignation for good reason are:
i)         unpaid
      base salary through the date of termination, any accrued vacation, any unpaid
      bonus or long-term performance award  ("LTIP") with respect to a completed
      performance period, reimbursement for any unreimbursed expenses through the
      date
      of termination and all accrued and vested benefits under the Company's
      compensation and benefit plans, programs and arrangements (collectively,
"Accrued Benefits");
ii)         a
      pro-rata portion of Mr. Keating's annual bonus for the performance year in
      which
      the termination occurs;
iii)         a
      lump-sum payment equal to two times Mr. Keating's base salary and most recent
      bonus paid or earned, subject to a reduction as set forth in the employment
      agreement if termination of employment occurs within two years of Mr. Keating's
      "retirement eligibility date" (as defined);
iv)         pro-rata
      payment of each outstanding LTIP award for which the performance period has
      not yet been completed based on 100% of the target value;
v)         title
      to Mr. Keating's Company automobile on an "as is" basis, with the automobile's
      fair market value being taxable to him; and
vi)         continued
      participation at the Company's expense for up to 24 months in all medical,
      dental and vision plans which cover him and his eligible dependents, subject
      to
      offset due to future employment.
b)         If
      Mr. Keating is discharged with cause or resigns without good reason, Mr. Keating
      will receive only his Accrued Benefits.
c)         If
      Mr. Keating's employment is terminated due to his death or disability, Mr.
      Keating or his estate, as applicable, will receive his Accrued Benefits and
      a
      pro-rata portion of his annual bonus for the performance year in which his
      death
      or disability occurred.
d)         If
      Mr. Keating retires, he will receive (i) a pro-rata portion of his annual bonus
      for the year of retirement, (ii) pro-rata vesting of LTIP awards, (iii) title
      to
      the Company automobile on an "as is" basis, with the automobile's fair market
      value being taxable to him, and (iv) the Accrued Benefits.
e)         Mr.
      Keating's outstanding equity awards shall become fully vested upon (i) his
      "retirement" (as defined), (ii) the termination of his employment without cause,
      for "disability" (as defined), or due to death, (iii) his resignation for good
      reason, or (iv) a "change in control" (as defined).
Mr.
      Keating has agreed that in the event he is entitled to receive severance
      benefits upon termination of employment, he will not solicit the employees
      of
      the Company and its subsidiaries for 2 years following the date of termination
      and will refrain from competing with the Company and its subsidiaries until
      his
      retirement eligibility date or two years from the date that his employment
      terminates, whichever is earlier.
4
Following
      termination of employment for any reason, Mr. Keating will assist and cooperate
      with the Company and its subsidiaries regarding any matter or project in which
      he was involved during his employment. The Company shall compensate Mr. Keating
      for any lost wages or expenses associated with such cooperation and
      assistance.
The
      parties have agreed in good faith to amend the Employment Agreement as may
      be
      required to comply with final regulations issued by the Treasury Department
      under Section 409A of the Internal Revenue Code without materially impacting
      the
      economic cost to the Company or economic value to Mr. Keating.
Change
      in Control Agreement
The
      Change in Control Agreement provides Mr. Keating with enhanced severance
      protection after a "change of control" of the Company (as defined in the Change
      in Control Agreement and consistent with the agreements of other Company
      executives). The term of the Change in Control Agreement is five (5) years,
      subject to annual renewal thereafter.
The
      terms
      of the Change in Control Agreement include the following:
a)         If
      Mr. Keating's employment is terminated for any reason following a change in
      control (as defined), he will be entitled to all Accrued Benefits (as defined
      above) as of the time of employment termination.
b)         If
      Mr. Keating's employment is terminated due to death, "disability" or "good
      reason" (as defined in the Change in Control Agreement) then he shall receive a
      pro-rata portion of his annual bonus for the performance year in which the
      termination occurs at the time that annual bonuses are paid to other senior
      executives.
c)         If
      Mr. Keating's employment is terminated without cause or by Mr. Keating for
      good
      reason within 90 days prior to the execution of a purchase and sale agreement
      resulting in a change in control or anytime thereafter until the second
      anniversary of a change in control, he will be entitled to receive the following
      "Severance Benefits":
i)         lump-sum
      cash payment equal to the three times his base salary plus three times the
      last
      annual bonus paid or awarded to him in the three years preceding the date of
      termination;
ii)         continued
      participation at the Company's expense for 24 months in all medical, dental
      and
      vision plans which cover him and his eligible dependents, subject to offset
      due
      to future employment;
iii)         full
      vesting of his outstanding equity awards;
iv)         payment
      of his long term incentive program awards at 100% of the target value of the
      award;
v)         an
      additional three years of credited and continuous service under the Kaman
      Corporation Supplemental Employees' Retirement Plan ;
vi)         benefits
      under the post-retirement health care plans if he would have otherwise become
      eligible for those benefits by remaining employed through the second anniversary
      of the employment termination date;
vii)         prepayment
      of premiums under any life insurance policy insuring his life and ownership
      of
      such policy;
5
viii)      
      reimbursement for up to $30,000 (in the aggregate) for outplacement services
      and
      relocation costs until the earlier of the first anniversary of the date of
      termination or the first day of employment with a new employer; and
ix)         title
      to his Company automobile, with the automobile's fair market value being taxable
      to him.
Mr.
      Keating shall be entitled to Severance Benefits under the Change in Control
      Agreement only if (1) he signs a release agreement, and (2) he agrees not to
      compete with the Company and its subsidiaries or to solicit their employees
      during the 2-year period following termination of employment. Following
      termination of employment, Mr. Keating will assist and cooperate with the
      Company regarding any matter or project in which he was involved during his
      employment and the Company shall compensate him for any lost wages or expenses
      associated with such assistance and cooperation.  The parties have
      also agreed in good faith to amend the Change in Control Agreement as may be
      required to comply with the final regulations issued by the Treasury Department
      under Section 409A of the Internal Revenue Code without materially impacting
      the
      economic cost to the Company or economic value to Mr. Keating.
Coordination
      Between Employment Agreement and Change in Control Agreement
Mr.
      Keating will not be entitled to receive full severance benefits under both
      the  Employment Agreement and the Change in Control Agreement. A tax
      gross-up for excise taxes under Section 4999 of the Internal Revenue Code (and
      income taxes on the gross-up) that become payable by Mr. Keating will be paid
      only if payments (including vesting of outstanding equity compensation awards)
      contingent on a change in ownership or control of the Company exceed the maximum
      amount (as determined under applicable tax rules) that Mr. Keating could receive
      without having any such payments become subject to such tax by at least
      $100,000.
Item
      9.01  Financial Statements and Exhibits
(c)         Exhibits
The
      following documents are filed
      as  Exhibits herewith:
Exhibit
      99.1 - Press Release dated August 7, 2007 announcing the appointment of Neal
      J.
      Keating
Exhibit
      10.1 - Executive Employment Agreement dated August 7, 2007 between Kaman
      Corporation and Neal J. Keating and Offer Letter dated August 7,
      2007
Exhibit
      10.2 – Change in Control Agreement dated August 7, 2007 between Kaman
      Corporation and Neal J. Keating
6
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.
KAMAN
                CORPORATION
By:
/s/
                Robert M. Garneau
Robert
                M. Garneau
Executive
                Vice President and
Chief
                Financial Officer
Date:
      August 7, 2007
7
KAMAN
      CORPORATION AND SUBSIDIARIES
Index
      to
      Exhibits
Exhibit
Description
99.1
Press
                release dated August 7, 2007
Attached
10.1
Executive
                Employment Agreement dated August 7, 2007 between Kaman Corporation
                and
                Neal J. Keating and Offer Letter dated August 7, 2007
Attached
10.2
Change
                in Control Agreement dated August 7, 2007 between Kaman Corporation
                and
                Neal J. Keating
Attached
8