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  <p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;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 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;">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;">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;">Date of Report (date of earliest event reported): <b>May&nbsp;5,
  2008</b></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;">&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;">KEMET 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;"><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;">&nbsp;</font></p>
  
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    <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;">Delaware</font></b></p>
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    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <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;">0-20289</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;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <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;">57-0923789</font></b></p>
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    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Jurisdiction of Corporation)</font></p>
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    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(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;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer Identification No.)</font></p>
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  <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;">&nbsp;</font></p>
  
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    <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;">2835 KEMET Way, Simpsonville,
    SC</font></b></p>
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    <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;">&nbsp;</font></b></p>
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    <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;">29681</font></b></p>
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    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive offices)</font></p>
    </td>
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    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
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  <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;">&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;">Registrant&#146;s telephone number, including area code:&#160; <b>(864) 963-6300</b></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 style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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:</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="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#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 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="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#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 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="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#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 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="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#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>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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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>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\Ralex\08-14079-1\task2929994\14079-1-ba.htm',USER='Ralexc',CD='May  9 15:52 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
  5.02 Departure of Directors or Principal Officers; Election of Directors;
  Appointment of Principal 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 .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Not applicable.</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Not applicable.</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</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;&#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;">Effective May&nbsp;5, 2008, the Board of
  Directors of KEMET Corporation (the &#147;Company&#148;) approved certain additions and
  modifications to the compensation plan of its Chief Executive Officer, Per-Olof
  Loof. These additions and modifications are as follows:</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a.</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;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The annual base salary for the fiscal
  year ending March&nbsp;31, 2009 (&#147;FY2009&#148;) is established at $585,000.&#160; (This is unchanged from the preceding fiscal
  year.)</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</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;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An annual bonus plan based upon the
  achievement of certain target financial metrics for FY 2009 has been
  established. Mr.&nbsp;Loof has the potential to receive a bonus of up to 100%
  of his annual base salary (the &#147;Target Bonus&#148;), which is subject to a
  multiplier equal to 2.0 times the Target Bonus, in each case if the target
  financial metrics are met or are exceeded by defined parameters.&#160; (The maximum bonus payable for FY2009 is,
  therefore, 2.0 times Mr.&nbsp;Loof&#146;s annual base salary.)</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</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;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A long-term incentive plan (&#147;LTIP&#148;) based
  upon the achievement of certain target financial metrics for the combined
  FY2009-FY2010 time period has been established.&#160;
  Mr.&nbsp;Loof has the potential to receive a bonus of up to 100% of his
  annual base salary (the &#147;Target Bonus&#148;), which is subject to a multiplier equal
  to 2.0 times the Target Bonus, in each case if the target financial metrics are
  met or are exceeded by defined parameters. (The maximum bonus payable for
  FY2009-Y2010 time period pursuant to the LTIP is, therefore, 2.0 times Mr.&nbsp;Loof&#146;s
  annual base salary.)&#160; If the bonus were
  earned, it would be paid in the form of restricted shares of common stock of
  the Company based on the closing price of the stock on the date of approval
  which was $4.17.&#160; Such shares of
  restricted stock cannot be sold by Mr.&nbsp;Loof while he remains an employee
  of the Company.&#160; The LTIP includes a net
  share settlement provision whereby shares of restricted stock may be
  surrendered by Mr.&nbsp;Loof to the Company to satisfy his withholding tax
  obligations.</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</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;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Under the terms of a previously disclosed
  short-term incentive plan for FY2008 (the &#147;Short-Term Plan&#148;), Mr.&nbsp;Loof met
  certain of the criteria necessary for him to be eligible for the payment of a
  bonus in the amount of $117,000.&#160; Based
  upon the financial performance of the Company during FY2008, Mr.&nbsp;Loof advised
  the Board of Directors of the Company that he was forfeiting his right to
  receive such payment.</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e.</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;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Under the terms of a previously disclosed
  long-term incentive plan for the combined FY2007-FY2008 time period (the
  &#147;Long-Term Plan&#148;), Mr.&nbsp;Loof met the criteria of the Long-Term Plan and
  became eligible to receive a bonus in the amount of $518,880 payable in shares
  of restricted stock of the Company.&#160;
  Effective May&nbsp;5, 2008, the Board of Directors of the Company
  approved the payment of this bonus amount.</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\Ralex\08-14079-1\task2929994\14079-1-ba.htm',USER='Ralexc',CD='May  9 15:52 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <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 .25in;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effective May&nbsp;5,
  2008, the Board of Directors of the Company approved certain additions and
  modifications to the compensation plans for its other executive officers. These
  additions and modifications are as follows:</font></p>
  
  <p style="margin:0in 0in .0001pt .25in;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The annual base salary for FY2009 is
  established as follows:</font></p>
  
  <p style="margin:0in 0in .0001pt .75in;text-indent:-9.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i.</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;&#160;&#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" style="font-size:10.0pt;">David E. Gable, Executive Vice President
  and Chief Financial Officer:&#160;
  $350,000.&#160; (This is unchanged from
  the preceding fiscal year.)&#160; The Company
  previously announced that Mr.&nbsp;Gable intends to resign from the Company to
  pursue other interests, therefore this annual base salary will only be
  effective during the interim period of time Mr.&nbsp;Gable remains with the
  Company.</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii.</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;&#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" style="font-size:10.0pt;">Conrado Hinojosa, Senior Vice President,
  Tantalum Business Group:&nbsp; $250,000.&#160;
  (This is unchanged from the preceding fiscal year.)</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii.</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;&#160;&#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;">Charles C. Meeks,&nbsp;Jr., Senior Vice
  President, Ceramic Business Group:&nbsp; $240,000.&#160; (This is unchanged from the preceding fiscal
  year.)</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iv.</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;&#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;">Kirk D. Shockley, Vice President, Film&nbsp;&amp;
  Electrolytic Business Group:&#160; $235,000</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v.</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;&#160;&#160;&#160;&#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;">Larry C. McAdams, Vice President, Human
  Resources:&nbsp; $225,000. (This is unchanged from the preceding fiscal year.)</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vi.</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;&#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;">Daniel E. LaMorte, Vice President and
  Chief Information Officer:&nbsp; $202,700.&#160;
  (This is unchanged from the preceding fiscal year.)</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vii.</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Daniel F. Persico, Vice President
  Strategic Marketing and Business Development:&#160;
  $175,000.&#160; (This is unchanged from
  the preceding fiscal year.)</font></p>
  
  <p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An annual bonus plan based upon the
  achievement of certain target financial metrics for FY2009 has been
  established. Each executive officer has the potential to receive a bonus of
  between 40% and 60% of his annual base salary (the &#147;Executive Officer Target
  Bonus&#148;), which is subject to a multiplier equal to 2.0 times the Executive
  Officer Target Bonus, in each case if the target financial metrics are met or
  exceeded by defined parameters. (The maximum bonus payable for FY2009 will vary
  by position, and will range from 0.8 times annual base salary to 1.2 times annual
  base salary.)</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c.</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A long-term incentive plan (&#147;LTIP&#148;) based
  upon the achievement of certain target financial metrics for the combined
  FY2009-FY2010 time period has been established.&#160;
  Each executive officer has the potential to receive a bonus of between
  35% and 100% of his annual base salary (the &#147;Executive Officer Target Bonus&#148;),
  which is subject to a multiplier equal to 1.5 times the Executive Officer
  Target Bonus, in each case if the target financial metrics are met or exceeded
  by defined parameters. (The maximum bonus payable for the FY2009-FY2010 time
  period pursuant to the LTIP will vary by position, and will range from 0.525
  times annual base salary to 1.5 times annual base salary.)&#160; If the bonus were earned, it would be paid in
  the form of restricted shares of common stock of the Company based on the
  closing price of the stock on the date of approval which was $4.17.&#160; Such shares of restricted stock cannot be
  sold by the executive officer while he remains an employee of the Company.&#160; The LTIP includes a net share settlement
  provision whereby shares of restricted stock may be surrendered by the
  executive officer to the Company to satisfy his respective withholding tax
  obligations.</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d.</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Under the terms of a previously disclosed
  short-term incentive plan for FY2008 (the &#147;Short-Term Plan&#148;), certain of the
  executive officers named above met certain of the criteria necessary for them
  to be eligible for the payment of a bonus in the respective amounts of $42,000
  for Mr.&nbsp;Gable, $18,000 for Mr.&nbsp;McAdams, $16,216 for Mr.&nbsp;LaMorte,
  and $14,000 for Dr.&nbsp;Persico.&#160; Based
  upon the financial performance of the Company during FY2008,
  Messrs.&nbsp;Gable, McAdams and LaMorte and Dr.&nbsp;Persico advised the Board
  of Directors of the Company that they were forfeiting their right to receive
  such payment.</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e.</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Under the terms of the Short-Term Plan,
  Mr.&nbsp;Shockley met certain of the criteria necessary for him to be eligible
  for the payment of a bonus in the amount of $80,000.&#160; Effective May&nbsp;5, 2008, the Board of Directors
  of the Company approved the payment of this bonus amount.</font></p>
  
  <p style="margin:0in 0in .0001pt 69.0pt;text-indent:-33.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-27.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f.</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Under the terms of a previously disclosed
  long-term incentive plan for the combined FY2007-FY2008 time period (the
  &#147;Long-Term Plan&#148;), certain of the executive officers named above met the
  criteria of the Long-Term Plan and became eligible to receive a bonus in the
  respective amounts of&#160; $145,709 for
  Mr.&nbsp;Gable, $77,733 for Mr.&nbsp;McAdams, $69,359 for Mr.&nbsp;LaMorte,
  $69,719 for Mr.&nbsp;Meeks, $69,719 for Mr.&nbsp;Hinojosa, and $38,489 for
  Mr.&nbsp;Shockley,&#160; payable in shares of
  restricted stock of the Company.&#160;
  Effective May&nbsp;5, 2008, the Board of Directors of the Company
  approved the payment of these bonus amounts.</font></p>
  
  <p style="margin:0in 0in .0001pt .75in;"><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;">&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\Ralex\08-14079-1\task2929994\14079-1-ba.htm',USER='Ralexc',CD='May  9 15:52 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signature</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;">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>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: May&nbsp;9, 2008</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">KEMET Corporation</font></p>
    </td>
   </tr>
   <tr>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <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="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <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="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <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="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:46.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ DAVID E. GABLE</font></p>
    </td>
   </tr>
   <tr>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:46.58%;">
    <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="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David E. Gable</font></p>
    </td>
   </tr>
   <tr>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <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="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.68%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="46%" valign="top" style="padding:0in .7pt 0in .7pt;width:46.58%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice
    President and Chief Financial Officer</font></p>
    </td>
   </tr>
  </table>
  
  <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;"><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;">&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>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-14079_18k.htm", "description": "8-K", "secsgml_size_bytes": 40767}]
metadata_filer: {"company-data": {"conformed-name": "KEMET CORP", "cik": "0000887730", "assigned-sic": "3670", "irs-number": "570923789", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15491", "film-number": "08820071"}, "business-address": {"street1": "2835 KEMET WAY", "street2": "2835 KEMET WAY", "city": "SIMPSONVILLE", "state": "SC", "zip": "29681", "phone": "8039636300"}, "mail-address": {"street1": "P O BOX 5928", "street2": "P.O. BOX 5928", "city": "GREENVILLE", "state": "SC", "zip": "29606"}}
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 5,
  2008
  KEMET Corporation
  (Exact name of registrant as specified in its charter)
  Delaware
  0-20289
  57-0923789
  (Jurisdiction of Corporation)
  (Commission File Number)
  (IRS Employer Identification No.)
  2835 KEMET Way, Simpsonville,
    SC
  29681
  (Address of principal executive offices)
  (Zip Code)
  Registrant's telephone number, including area code:
  (864) 963-6300
  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:
  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
  5.02 Departure of Directors or Principal Officers; Election of Directors;
  Appointment of Principal Officers.
  (a)
  Not applicable.
  (b)
  Not applicable.
  (c)
  Effective May 5, 2008, the Board of
  Directors of KEMET Corporation (the "Company") approved certain additions and
  modifications to the compensation plan of its Chief Executive Officer, Per-Olof
  Loof. These additions and modifications are as follows:
  a.
  The annual base salary for the fiscal
  year ending March 31, 2009 ("FY2009") is established at $585,000.  (This is unchanged from the preceding fiscal
  year.)
  b.
  An annual bonus plan based upon the
  achievement of certain target financial metrics for FY 2009 has been
  established. Mr. Loof has the potential to receive a bonus of up to 100%
  of his annual base salary (the "Target Bonus"), which is subject to a
  multiplier equal to 2.0 times the Target Bonus, in each case if the target
  financial metrics are met or are exceeded by defined parameters.  (The maximum bonus payable for FY2009 is,
  therefore, 2.0 times Mr. Loof's annual base salary.)
  c.
  A long-term incentive plan ("LTIP") based
  upon the achievement of certain target financial metrics for the combined
  FY2009-FY2010 time period has been established. 
  Mr. Loof has the potential to receive a bonus of up to 100% of his
  annual base salary (the "Target Bonus"), which is subject to a multiplier equal
  to 2.0 times the Target Bonus, in each case if the target financial metrics are
  met or are exceeded by defined parameters. (The maximum bonus payable for
  FY2009-Y2010 time period pursuant to the LTIP is, therefore, 2.0 times Mr. Loof's
  annual base salary.)  If the bonus were
  earned, it would be paid in the form of restricted shares of common stock of
  the Company based on the closing price of the stock on the date of approval
  which was $4.17.  Such shares of
  restricted stock cannot be sold by Mr. Loof while he remains an employee
  of the Company.  The LTIP includes a net
  share settlement provision whereby shares of restricted stock may be
  surrendered by Mr. Loof to the Company to satisfy his withholding tax
  obligations.
  d.
  Under the terms of a previously disclosed
  short-term incentive plan for FY2008 (the "Short-Term Plan"), Mr. Loof met
  certain of the criteria necessary for him to be eligible for the payment of a
  bonus in the amount of $117,000.  Based
  upon the financial performance of the Company during FY2008, Mr. Loof advised
  the Board of Directors of the Company that he was forfeiting his right to
  receive such payment.
  e.
  Under the terms of a previously disclosed
  long-term incentive plan for the combined FY2007-FY2008 time period (the
  "Long-Term Plan"), Mr. Loof met the criteria of the Long-Term Plan and
  became eligible to receive a bonus in the amount of $518,880 payable in shares
  of restricted stock of the Company. 
  Effective May 5, 2008, the Board of Directors of the Company
  approved the payment of this bonus amount.
  2
  Effective May 5,
  2008, the Board of Directors of the Company approved certain additions and
  modifications to the compensation plans for its other executive officers. These
  additions and modifications are as follows:
  a
  The annual base salary for FY2009 is
  established as follows:
  i.
  David E. Gable, Executive Vice President
  and Chief Financial Officer: 
  $350,000.  (This is unchanged from
  the preceding fiscal year.)  The Company
  previously announced that Mr. Gable intends to resign from the Company to
  pursue other interests, therefore this annual base salary will only be
  effective during the interim period of time Mr. Gable remains with the
  Company.
  ii.
  Conrado Hinojosa, Senior Vice President,
  Tantalum Business Group:  $250,000. 
  (This is unchanged from the preceding fiscal year.)
  iii.
  Charles C. Meeks, Jr., Senior Vice
  President, Ceramic Business Group:  $240,000.  (This is unchanged from the preceding fiscal
  year.)
  iv.
  Kirk D. Shockley, Vice President, Film &
  Electrolytic Business Group:  $235,000
  v.
  Larry C. McAdams, Vice President, Human
  Resources:  $225,000. (This is unchanged from the preceding fiscal year.)
  vi.
  Daniel E. LaMorte, Vice President and
  Chief Information Officer:  $202,700. 
  (This is unchanged from the preceding fiscal year.)
  vii.
  Daniel F. Persico, Vice President
  Strategic Marketing and Business Development: 
  $175,000.  (This is unchanged from
  the preceding fiscal year.)
  b.
  An annual bonus plan based upon the
  achievement of certain target financial metrics for FY2009 has been
  established. Each executive officer has the potential to receive a bonus of
  between 40% and 60% of his annual base salary (the "Executive Officer Target
  Bonus"), which is subject to a multiplier equal to 2.0 times the Executive
  Officer Target Bonus, in each case if the target financial metrics are met or
  exceeded by defined parameters. (The maximum bonus payable for FY2009 will vary
  by position, and will range from 0.8 times annual base salary to 1.2 times annual
  base salary.)
  c.
  A long-term incentive plan ("LTIP") based
  upon the achievement of certain target financial metrics for the combined
  FY2009-FY2010 time period has been established. 
  Each executive officer has the potential to receive a bonus of between
  35% and 100% of his annual base salary (the "Executive Officer Target Bonus"),
  which is subject to a multiplier equal to 1.5 times the Executive Officer
  Target Bonus, in each case if the target financial metrics are met or exceeded
  by defined parameters. (The maximum bonus payable for the FY2009-FY2010 time
  period pursuant to the LTIP will vary by position, and will range from 0.525
  times annual base salary to 1.5 times annual base salary.)  If the bonus were earned, it would be paid in
  the form of restricted shares of common stock of the Company based on the
  closing price of the stock on the date of approval which was $4.17.  Such shares of restricted stock cannot be
  sold by the executive officer while he remains an employee of the Company.  The LTIP includes a net share settlement
  provision whereby shares of restricted stock may be surrendered by the
  executive officer to the Company to satisfy his respective withholding tax
  obligations.
  d.
  Under the terms of a previously disclosed
  short-term incentive plan for FY2008 (the "Short-Term Plan"), certain of the
  executive officers named above met certain of the criteria necessary for them
  to be eligible for the payment of a bonus in the respective amounts of $42,000
  for Mr. Gable, $18,000 for Mr. McAdams, $16,216 for Mr. LaMorte,
  and $14,000 for Dr. Persico.  Based
  upon the financial performance of the Company during FY2008,
  Messrs. Gable, McAdams and LaMorte and Dr. Persico advised the Board
  of Directors of the Company that they were forfeiting their right to receive
  such payment.
  e.
  Under the terms of the Short-Term Plan,
  Mr. Shockley met certain of the criteria necessary for him to be eligible
  for the payment of a bonus in the amount of $80,000.  Effective May 5, 2008, the Board of Directors
  of the Company approved the payment of this bonus amount.
  f.
  Under the terms of a previously disclosed
  long-term incentive plan for the combined FY2007-FY2008 time period (the
  "Long-Term Plan"), certain of the executive officers named above met the
  criteria of the Long-Term Plan and became eligible to receive a bonus in the
  respective amounts of  $145,709 for
  Mr. Gable, $77,733 for Mr. McAdams, $69,359 for Mr. LaMorte,
  $69,719 for Mr. Meeks, $69,719 for Mr. Hinojosa, and $38,489 for
  Mr. Shockley,  payable in shares of
  restricted stock of the Company. 
  Effective May 5, 2008, the Board of Directors of the Company
  approved the payment of these bonus amounts.
  3
  Signature
  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.
  Date: May 9, 2008
  KEMET Corporation
  /s/ DAVID E. GABLE
  David E. Gable
  Executive Vice
    President and Chief Financial Officer
  4