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  <TITLE> Brush Engineered Materials Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 8, 2006
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  	Brush Engineered Materials Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Ohio
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  	001-15885
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  	34-1919973
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	17876 St. Clair Avenue, Cleveland, Ohio
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  	44110
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  _________________________________<BR>
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	216-486-4200
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On February 7, 2006, the Organization and Compensation Committee (the "Committee") of the Board of Directors of Brush Engineered Materials Inc. (the "Company") took the following actions:<br><br>ANNUAL PERFORMANCE COMPENSATION FOR 2006<br><br>The Committee approved the 2006 Managment Performance Compensation Plan (the "MPC Plan").  This plan provides for annual, single-sum cash payments that are based on achieving pre-established financial objectives and qualitative performance factors.  The 2006 MPC Plan is being filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.<br><br>LONG-TERM INCENTIVE COMPENSATION FOR 2004-2006<br><br>It was determined that under the 2004-2006 Long-Term Incentive Plan (the "LTIP"), executive officers earned the following "banked" amounts which are not payable until 2007:<br><br>Gordon D. Harnett $903,825<br>Richard J. Hipple $95,602<br>John D. Grampa $247,200<br>Daniel A. Skoch $265,740<br><br>These "banked" amounts were based on achieving pre-established financial objectives for cumulative operating profit during 2004 and 2005.  Performance in 2006 will determine the amount of any final payment under the 2004-2006 LTIP.  An amount is payable only if the executive is employed with the Company as of December 31, 2006 with an exception of retirement.  In view of Mr. Harnett's intention to retire as noted in Item 5.02 below, he will receive the higher of the "banked" amount or a pro-rated portion of the final amount which will be payable in 2007. The 2004-2006 Long-Term Incentive Plan is being filed as Exhibit 10.2 to this Form 8-K and is incorporated herein by reference.<br><br>SPECIAL AWARD<br><br>In 2002, the Company discontinued its Supplemental Retirement Benefit Plan for the Chief Executive Officer as well as a few other participants in exchange for amounts paid in settlement of the Company's obligation.  As a result, their retirement benefit is limited to the amount provided by the qualified pension plan.  At its February 7, 2006 meeting, consistent with the actions taken in prior years as previously reported, the Committee exercised its discretion to authorize a special award in lieu of a supplemental plan to the Chief Executive Officer in the amount of $597,425.  Messrs. Grampa and Skoch had received similar awards in the amounts of $38,311 and $79,544, respectively, payable on January 2, 2006. <br><br><br>EXECUTIVE DEFERRED COMPENSATION PLAN II<br><br>The Committee adopted an amendment to the Executive Deferred Compensation Plan II.  The amendment provides more flexibility to the plan, i.e., allowing participants to move investments from one fund to another on a quarterly basis.  Amendment No. 1 is being filed as Exhibit 10.3 to this Form 8-K and is included herein by reference.<br><br><br><br><br><br><br><br><br><br><br><br><br>
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  	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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  On February 7, 2006, Brush Engineered Materials Inc. issued a press release announcing that Gordon D. Harnett, Chairman of the Board and Chief Executive Officer, intends to retire in May 2006.  The text of the press release is included as Exhibit 99.1 to this Form 8-K.
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  	Item 9.01 Financial Statements and Exhibits.
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  10.1  2006 Management Performance Compensation Plan<br>10.2  2004-2006 Long-Term Incentive Plan<br>10.3  Amendment No. 1 to the Executive Deferred Compensation Plan II<br>99.1  Press release, dated February 7, 2006, issued by Brush Engineered Materials Inc.
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  <BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">The press release issued February 7, 2006 is furnished herewith as Exhibit No. 99.1 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Exchange Act.</P><!-- PageBreak START -->
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  	SIGNATURES
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  	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.
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  	Brush Engineered Materials Inc.
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  <I>
  	February 8, 2006
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  <I>
  	Michael C. Hasychak
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  <I>
  	Name: Michael C. Hasychak
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  <I>
  	Title: Vice President, Treasurer and Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  	&nbsp;
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  Brush Engineered Materials Inc. 2006 Management Performance Compensation Plan
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  	10.2
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  Brush Engineered Materials Inc. 2004-2006 Long-Term Incentive Plan
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  	10.3
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  Amendment No. 1, dated as of February 7, 2006 to the Executive Deferred Compensation Plan II
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  	99.1
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  Press Release, dated February 7, 2006, issued by Brush Engineered Materials Inc.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10089.htm", "description": "LIVE FILING", "secsgml_size_bytes": 14530}]
metadata_filer: {"company-data": {"conformed-name": "BRUSH ENGINEERED MATERIALS INC", "cik": "0001104657", "assigned-sic": "3330", "irs-number": "341919973", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15885", "film-number": "06587554"}, "business-address": {"street1": "17876 ST. CLAIR AVE.", "city": "CLEVELAND", "state": "OH", "zip": "44110", "phone": "2163834062"}, "mail-address": {"street1": "17876 ST. CLAIR AVE.", "city": "CLEVELAND", "state": "OH", "zip": "44110"}}
text: Brush Engineered Materials Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  February 8, 2006
  Brush Engineered Materials Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Ohio
  001-15885
  34-1919973
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  17876 St. Clair Avenue, Cleveland, Ohio
  44110
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  216-486-4200
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On February 7, 2006, the Organization and Compensation Committee (the "Committee") of the Board of Directors of Brush Engineered Materials Inc. (the "Company") took the following actions:
  ANNUAL PERFORMANCE COMPENSATION FOR 2006
  The Committee approved the 2006 Managment Performance Compensation Plan (the "MPC Plan").  This plan provides for annual, single-sum cash payments that are based on achieving pre-established financial objectives and qualitative performance factors.  The 2006 MPC Plan is being filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
  LONG-TERM INCENTIVE COMPENSATION FOR 2004-2006
  It was determined that under the 2004-2006 Long-Term Incentive Plan (the "LTIP"), executive officers earned the following "banked" amounts which are not payable until 2007:
  Gordon D. Harnett $903,825
  Richard J. Hipple $95,602
  John D. Grampa $247,200
  Daniel A. Skoch $265,740
  These "banked" amounts were based on achieving pre-established financial objectives for cumulative operating profit during 2004 and 2005.  Performance in 2006 will determine the amount of any final payment under the 2004-2006 LTIP.  An amount is payable only if the executive is employed with the Company as of December 31, 2006 with an exception of retirement.  In view of Mr. Harnett's intention to retire as noted in Item 5.02 below, he will receive the higher of the "banked" amount or a pro-rated portion of the final amount which will be payable in 2007. The 2004-2006 Long-Term Incentive Plan is being filed as Exhibit 10.2 to this Form 8-K and is incorporated herein by reference.
  SPECIAL AWARD
  In 2002, the Company discontinued its Supplemental Retirement Benefit Plan for the Chief Executive Officer as well as a few other participants in exchange for amounts paid in settlement of the Company's obligation.  As a result, their retirement benefit is limited to the amount provided by the qualified pension plan.  At its February 7, 2006 meeting, consistent with the actions taken in prior years as previously reported, the Committee exercised its discretion to authorize a special award in lieu of a supplemental plan to the Chief Executive Officer in the amount of $597,425.  Messrs. Grampa and Skoch had received similar awards in the amounts of $38,311 and $79,544, respectively, payable on January 2, 2006.
  EXECUTIVE DEFERRED COMPENSATION PLAN II
  The Committee adopted an amendment to the Executive Deferred Compensation Plan II.  The amendment provides more flexibility to the plan, i.e., allowing participants to move investments from one fund to another on a quarterly basis.  Amendment No. 1 is being filed as Exhibit 10.3 to this Form 8-K and is included herein by reference.
  Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
  On February 7, 2006, Brush Engineered Materials Inc. issued a press release announcing that Gordon D. Harnett, Chairman of the Board and Chief Executive Officer, intends to retire in May 2006.  The text of the press release is included as Exhibit 99.1 to this Form 8-K.
  Item 9.01 Financial Statements and Exhibits.
  10.1  2006 Management Performance Compensation Plan
  10.2  2004-2006 Long-Term Incentive Plan
  10.3  Amendment No. 1 to the Executive Deferred Compensation Plan II
  99.1  Press release, dated February 7, 2006, issued by Brush Engineered Materials Inc.
  The press release issued February 7, 2006 is furnished herewith as Exhibit No. 99.1 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Exchange Act.
  Top of the Form
  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.
  Brush Engineered Materials Inc.
  February 8, 2006
  By:
  Michael C. Hasychak
  Name: Michael C. Hasychak
  Title: Vice President, Treasurer and Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Brush Engineered Materials Inc. 2006 Management Performance Compensation Plan
  10.2
  Brush Engineered Materials Inc. 2004-2006 Long-Term Incentive Plan
  10.3
  Amendment No. 1, dated as of February 7, 2006 to the Executive Deferred Compensation Plan II
  99.1
  Press Release, dated February 7, 2006, issued by Brush Engineered Materials Inc.