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  <p style="border:none;margin:0in 0in .0001pt;padding:0in;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  
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  <p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES
  AND EXCHANGE COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington,
  DC&#160; 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;letter-spacing:-.15pt;">Pursuant to Section&nbsp;13 or
  15(d)&nbsp;of the Securities Exchange Act of 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">Date of report (Date of earliest
  event reported):&#160; <b>May&nbsp;20,
  2008</b></font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Angeion Corporation</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Minnesota</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">(State or other
  jurisdiction</font><font size="2" style="font-size:10.0pt;">  <font style="letter-spacing:-.15pt;">of
  incorporation)</font></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">001-13543</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;letter-spacing:-.15pt;">&nbsp;</font></b></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">41-1579150</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">(Commission File Number)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">(IRS Employer Identification No.)</font></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">350 Oak Grove Parkway</font></b><font size="2" style="font-size:10.0pt;"><br>
    <b style="letter-spacing:-.15pt;">Saint Paul, Minnesota
    </b></font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">55127-8599</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">(Address of principal executive offices)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">(Zip Code)</font></p>
    </td>
   </tr>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(651) 484-4874</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">(</font><font size="2" style="font-size:10.0pt;">Registrant&#146;s
  telephone number, including area code)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.15pt;">Check the appropriate box below if the Form&nbsp;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></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.15pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&nbsp;425
  under the Securities Act (17 CFR 230.425)</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.15pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule&nbsp;14a-12
  under the Exchange Act (17 CFR 240.14a-12)</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.15pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications
  pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR
  240.14d-2(b))</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="left" style="margin:0in 0in .0001pt .75in;text-align:left;text-indent:-.75in;"><font size="1" face="Times New Roman" style="font-size:3.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.15pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.15pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications
  pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR
  240.13e-4(c))</font></p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p align="left" style="border:none;margin:0in 0in .0001pt .75in;padding:0in;text-align:left;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\bekue\08-15326-1\task2960641\15326-1-ba.htm',USER='bekuehe',CD='May 27 11:01 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Entry into a Material Definitive Agreement</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Amendment of 2007 Stock Incentive
  Plan</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font size="2" style="font-size:10.0pt;">At its Annual Meeting of Shareholders on May&nbsp;20,
  2008, the shareholders of Angeion approved an amendment to the Angeion
  Corporation 2007 Stock Incentive Program (the &#147;2007 Plan&#148;), which provides
  stock incentive awards in the form of options (incentive and non-qualified),
  stock appreciation rights, restricted stock, restricted stock units,
  performance stock, performance units, and other awards in stock and cash.&#160; The amendment authorizes the issuance of an
  additional 300,000 shares under the 2007 Plan, increasing the total shares
  authorized under the 2007 Plan to 550,000.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Adoption of 2008 Bonus Plan</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On May&nbsp;20, 2008, the Board of Directors approved
  the Angeion Corporation 2008 Management Incentive Bonus Plan (the &#147;2008 Bonus
  Plan&#148;).</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The 2008 Bonus Plan provides for the payment of cash
  compensation to eligible employees, including the Company&#146;s executive officers,
  upon achievement of predetermined objectives.&#160;
  Payouts under the 2008 Bonus Plan will be based on achievement of two
  separate measurements:</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <h2 style="font-weight:normal;margin:0in 0in .0001pt 74.8pt;text-indent:-38.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&nbsp;Pre-tax income
  before equity-based compensation (that is net pre-tax income prior to any FAS
  123R expense incurred for equity grants) (50% weighting); and</font></h2>
  
  <h2 style="font-weight:normal;margin:0in 0in .0001pt 74.8pt;text-indent:-38.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>
  
  <h2 style="font-weight:normal;margin:0in 0in .0001pt 74.8pt;text-indent:-38.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&nbsp;Total Angeion revenue
  (50% weighting).</font></h2>
  
  <h2 style="font-weight:normal;margin:0in 0in .0001pt 74.8pt;text-indent:-38.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h2>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; There is a threshold, a target and a maximum for each
  of the two measurements under the 2008 Bonus Plan.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Approximately 25 employees are eligible to
  participate in the 2008 Bonus Plan.&#160; If
  maximum is achieved in each area, the total Company bonus payout will be
  approximately $1,154,000.&#160; If maximum is achieved
  in each area, Mr.&nbsp;Young would receive a bonus of 100% of his base salary of
  $314,600 and Mr.&nbsp;Kullback would receive a bonus of 50% of his base salary or
  $58,333 which is pro-rated for his seven months of service in fiscal 2008.&#160; If threshold is attained in each area, Mr.&nbsp;Young
  would receive a payment of 22.5% of his base salary or $70,785, and Mr.&nbsp;Kullback
  would receive a payment of approximately 12.5% of his base salary or $20,417
  pro-rated.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The 2008 Bonus Plan also provides that if the Company
  achieves threshold for revenue, but not for pre-tax income before equity-based
  compensation, then payments will be made with respect to the achievement of revenue
  goals at half the levels that they otherwise would have been paid.&#160; The Board of Directors believe this was
  important to encourage the Company&#146;s employees to focus on both revenue growth
  as well as pretax income, but to still provide a bonus potential for employees
  if they were able to achieve the revenue but not the pre-tax income before
  equity- based compensation income goals.&#160;
  Any payment to Mr.&nbsp;Young, however, for </font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\bekue\08-15326-1\task2960641\15326-1-ba.htm',USER='bekuehe',CD='May 27 11:01 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">achievement of revenue-related
  amounts will only be made if the Company also achieves the pretax income before
  equity-based compensation threshold.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.02 &#151; Departure of
  Directors or Certain Officers; Election of Directors; Appointment of Certain
  Officers; Compensatory Arrangements of Certain Officers</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Compensation of Chief Executive
  Officer</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font size="2" style="font-size:10.0pt;">On May&nbsp;20, 2008, the Board of
  Directors, upon the recommendation of the Compensation Committee, increased the
  base salary of the CEO Rodney A. Young to $314,600, effective retroactive to November&nbsp;1,
  2007, the beginning of the fiscal year.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Compensation of Non-Employee
  Directors</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On May&nbsp;20, 2008, each of the six non-employee
  directors of the Company, Arnold A. Angeloni, John R. Baudhuin, K. James Ehlen,
  M.D., John C. Penn, Philip I. Smith, and Paula J. Skjefte was granted a seven-year
  stock option for 10,000 shares at a price of $5.66 per share.&#160; These options vest one-third on each of May&nbsp;20,
  2009, May&nbsp;20, 2010, and May&nbsp;20, 2011.&#160;
  In addition, Paula J. Skjefte was granted an additional seven-year
  option for 10,000 shares at an identical price of $5.66 on the same vesting
  schedule.&#160; The additional 10,000 share
  option was not granted at the time Ms.&nbsp;Skjefte joined the Board of
  Directors on February&nbsp;1, 2008, because the Company had limited shares
  under the 2007 Plan at that time.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Board of Directors also adopted the following
  recommendations of the Compensation Committee:</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Board annual retainers will increase to
  $16,000 per year.&#160; Board meeting fees
  will increase to $1,500 per board meeting and $1,000 per committee meeting if
  the committee meeting is held on a day other than the board meeting.&#160; These increases become effective with the
  third quarter beginning May&nbsp;1, 2008.</font></p>
  
  <p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The annual retainer for the Board Chair
  will continue to be $10,000 per year while the Chairs of the Audit,
  Compensation and Strategy Committees will each receive an annual retainer of
  $7,000 per year.</font></p>
  
  <p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Compensation of Chief Financial
  Officer</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On May&nbsp;20, 2008, the Board of Directors also
  granted seven-year options to purchase an additional 30,000 shares at a price
  of $5.66 per share to William J. Kullback, the Company&#146;s Chief Financial Officer.
  &#160;These options vest one-third on each of May&nbsp;20,
  2009, May&nbsp;20, 2010, and May&nbsp;20, 2011.&#160;
  The options had not been granted to Mr.&nbsp;Kullback when he commenced
  employment on March&nbsp;17, 2008 because there were not sufficient shares
  available under the Company&#146;s 2007 Plan.</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\bekue\08-15326-1\task2960641\15326-1-ba.htm',USER='bekuehe',CD='May 27 11:01 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SIGNATURES</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.78%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ANGEION CORPORATION</font></p>
    </td>
   </tr>
   <tr>
    <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.78%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.78%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.78%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated: May&nbsp;20,
    2008</font></p>
    </td>
    <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By</font></p>
    </td>
    <td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:48.58%;">
    <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/
    William J. Kullback</font></i></p>
    </td>
   </tr>
   <tr>
    <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.78%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:48.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">William J. Kullback</font></p>
    </td>
   </tr>
   <tr>
    <td width="47%" valign="top" style="padding:0in .7pt 0in .7pt;width:47.78%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" valign="top" style="padding:0in .7pt 0in .7pt;width:48.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\bekue\08-15326-1\task2960641\15326-1-ba.htm',USER='bekuehe',CD='May 27 11:01 2008' -->
  
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-15326_18k.htm", "description": "8-K", "secsgml_size_bytes": 32543}]
metadata_filer: {"company-data": {"conformed-name": "ANGEION CORP/MN", "cik": "0000815093", "assigned-sic": "3841", "irs-number": "411579150", "state-of-incorporation": "MN", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13543", "film-number": "08859986"}, "business-address": {"street1": "350 OAK GROVE PARKWAY", "city": "ST PAUL", "state": "MN", "zip": "55127", "phone": "651-484-4874"}, "mail-address": {"street1": "350 OAK GROVE PARKWAY", "city": "ST PAUL", "state": "MN", "zip": "55127"}, "former-company": {"former-conformed-name": "VERDE VENTURES INC", "date-changed": "19880714"}}
text: 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):
  May 20,
  2008
  Angeion Corporation
  (Exact name of registrant as specified in its charter)
  Minnesota
  (State or other
  jurisdiction
  of
  incorporation)
  001-13543
  41-1579150
  (Commission File Number)
  (IRS Employer Identification No.)
  350 Oak Grove Parkway
  Saint Paul, Minnesota
  55127-8599
  (Address of principal executive offices)
  (Zip Code)
  (651) 484-4874
  (
  Registrant's
  telephone number, including area code)
  Check the appropriate box below if the Form 8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant under any of
  the following provisions (see General Instruction A.2. below):
  o
  Written communications pursuant to Rule 425
  under the Securities Act (17 CFR 230.425)
  o
  Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement communications
  pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
  o
  Pre-commencement communications
  pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
  Item 1.01               Entry into a Material Definitive Agreement
  Amendment of 2007 Stock Incentive
  Plan
  At its Annual Meeting of Shareholders on May 20,
  2008, the shareholders of Angeion approved an amendment to the Angeion
  Corporation 2007 Stock Incentive Program (the "2007 Plan"), which provides
  stock incentive awards in the form of options (incentive and non-qualified),
  stock appreciation rights, restricted stock, restricted stock units,
  performance stock, performance units, and other awards in stock and cash.  The amendment authorizes the issuance of an
  additional 300,000 shares under the 2007 Plan, increasing the total shares
  authorized under the 2007 Plan to 550,000.
  Adoption of 2008 Bonus Plan
  On May 20, 2008, the Board of Directors approved
  the Angeion Corporation 2008 Management Incentive Bonus Plan (the "2008 Bonus
  Plan").
  The 2008 Bonus Plan provides for the payment of cash
  compensation to eligible employees, including the Company's executive officers,
  upon achievement of predetermined objectives. 
  Payouts under the 2008 Bonus Plan will be based on achievement of two
  separate measurements:
  (i) Pre-tax income
  before equity-based compensation (that is net pre-tax income prior to any FAS
  123R expense incurred for equity grants) (50% weighting); and
  (ii) Total Angeion revenue
  (50% weighting).
  There is a threshold, a target and a maximum for each
  of the two measurements under the 2008 Bonus Plan.
  Approximately 25 employees are eligible to
  participate in the 2008 Bonus Plan.  If
  maximum is achieved in each area, the total Company bonus payout will be
  approximately $1,154,000.  If maximum is achieved
  in each area, Mr. Young would receive a bonus of 100% of his base salary of
  $314,600 and Mr. Kullback would receive a bonus of 50% of his base salary or
  $58,333 which is pro-rated for his seven months of service in fiscal 2008.  If threshold is attained in each area, Mr. Young
  would receive a payment of 22.5% of his base salary or $70,785, and Mr. Kullback
  would receive a payment of approximately 12.5% of his base salary or $20,417
  pro-rated.
  The 2008 Bonus Plan also provides that if the Company
  achieves threshold for revenue, but not for pre-tax income before equity-based
  compensation, then payments will be made with respect to the achievement of revenue
  goals at half the levels that they otherwise would have been paid.  The Board of Directors believe this was
  important to encourage the Company's employees to focus on both revenue growth
  as well as pretax income, but to still provide a bonus potential for employees
  if they were able to achieve the revenue but not the pre-tax income before
  equity- based compensation income goals. 
  Any payment to Mr. Young, however, for
  2
  achievement of revenue-related
  amounts will only be made if the Company also achieves the pretax income before
  equity-based compensation threshold.
  Item 5.02 — Departure of
  Directors or Certain Officers; Election of Directors; Appointment of Certain
  Officers; Compensatory Arrangements of Certain Officers
  Compensation of Chief Executive
  Officer
  On May 20, 2008, the Board of
  Directors, upon the recommendation of the Compensation Committee, increased the
  base salary of the CEO Rodney A. Young to $314,600, effective retroactive to November 1,
  2007, the beginning of the fiscal year.
  Compensation of Non-Employee
  Directors
  On May 20, 2008, each of the six non-employee
  directors of the Company, Arnold A. Angeloni, John R. Baudhuin, K. James Ehlen,
  M.D., John C. Penn, Philip I. Smith, and Paula J. Skjefte was granted a seven-year
  stock option for 10,000 shares at a price of $5.66 per share.  These options vest one-third on each of May 20,
  2009, May 20, 2010, and May 20, 2011. 
  In addition, Paula J. Skjefte was granted an additional seven-year
  option for 10,000 shares at an identical price of $5.66 on the same vesting
  schedule.  The additional 10,000 share
  option was not granted at the time Ms. Skjefte joined the Board of
  Directors on February 1, 2008, because the Company had limited shares
  under the 2007 Plan at that time.
  The Board of Directors also adopted the following
  recommendations of the Compensation Committee:
  ·
  Board annual retainers will increase to
  $16,000 per year.  Board meeting fees
  will increase to $1,500 per board meeting and $1,000 per committee meeting if
  the committee meeting is held on a day other than the board meeting.  These increases become effective with the
  third quarter beginning May 1, 2008.
  ·
  The annual retainer for the Board Chair
  will continue to be $10,000 per year while the Chairs of the Audit,
  Compensation and Strategy Committees will each receive an annual retainer of
  $7,000 per year.
  Compensation of Chief Financial
  Officer
  On May 20, 2008, the Board of Directors also
  granted seven-year options to purchase an additional 30,000 shares at a price
  of $5.66 per share to William J. Kullback, the Company's Chief Financial Officer.
   These options vest one-third on each of May 20,
  2009, May 20, 2010, and May 20, 2011. 
  The options had not been granted to Mr. Kullback when he commenced
  employment on March 17, 2008 because there were not sufficient shares
  available under the Company's 2007 Plan.
  3
  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.
  ANGEION CORPORATION
  Dated: May 20,
    2008
  By
  /s/
    William J. Kullback
  William J. Kullback
  Chief Financial Officer
  4