<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): October 23, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>KAYDON CORPORATION<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-11333</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>13-3186040</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>315 East Eisenhower Parkway, Suite 300<BR>Ann Arbor, Michigan <BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>48108</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(734) 747-7025</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not Applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;5.02</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers</B></U><B>.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">On October&nbsp;23, 2008, the Board of Directors of Kaydon Corporation (the &#147;Company&#148;) approved amendments to certain of the
Company&#146;s compensation and benefit plans and agreements designed to facilitate each plan&#146;s or agreement&#146;s compliance
with Section&nbsp;409A of the Internal Revenue Code, to clarify certain provisions (including to ensure coordination between
all plans and compensation arrangements) and to make administrative changes. The Board&#146;s actions were based on
recommendations made by the Compensation Committee of the Company after review with counsel to the Committee of the
compensation and benefits arrangements of the Company that could entail deferred compensation. The plans and
arrangements amended are as follows:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Employment Agreement with James O&#146;Leary</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Supplemental Executive Retirement Plan (&#147;SERP&#148;)</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Trust Agreement related to the SERP</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Director Deferred Compensation Plan</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Change in Control Compensation Agreements with the following individuals:</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:10%; font-size: 10pt">&#149;&nbsp;&nbsp;&nbsp;&nbsp; Anthony T. Behrman
<BR><BR>
&#149; &nbsp;&nbsp;&nbsp;&nbsp;Debra K. Crane
<BR><BR>
&#149; &nbsp;&nbsp;&nbsp;&nbsp;Kenneth W. Crawford
<BR><BR>
&#149; &nbsp;&nbsp;&nbsp;&nbsp;Peter C. DeChants
<BR><BR>
&#149; &nbsp;&nbsp;&nbsp;&nbsp;John R. Emling


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>1999 Long Term Stock Incentive Plan</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>2003 Non-Employee Directors Equity Plan</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Forms of award agreements under the 1999 Long Term Stock Incentive Plan and the 2003 Non-Employee
Directors Equity Plan</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">The amendments approved include:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Replacement of certain defined terms, including replacement of &#147;termination of employment&#148; with
&#147;separation from service&#148; defined in accordance with Section&nbsp;409A and modification of the definition
of &#147;change of control&#148; for purposes of Mr.&nbsp;O&#146;Leary&#146;s SERP benefits</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inclusion of a six-month delay in payment in situations where payments would otherwise not be
compliant with Section&nbsp;409A</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inclusion of a gross up provision in Mr.&nbsp;O&#146;Leary&#146;s employment agreement related to 409A
non-compliant issues to conform such agreement with the provisions set forth in the Change in Control
Compensation Agreements</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Revisions to certain award agreements to clarify rules with respect to vesting and exercise upon
termination of employment and ensure coordination with Mr.&nbsp;O&#146;Leary&#146;s Employment Agreement and the
Change in Control Compensation Agreements</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Clarification of the situation under which awards may be forfeited if it is determined that the
individual could have been terminated for cause</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Revisions to conform award agreements to the Company&#146;s current practices with respect to tax
withholding and payment of exercise price</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Award agreements previously issued to Mr.&nbsp;O&#146;Leary have been amended and restated to conform to the new forms
attached as exhibits hereto.


<P align="left" style="font-size: 10pt">The above description of the amendments does not purport to be complete and is qualified in its entirety by reference
to the full text of the documents, copies of which are filed as exhibits to this report on Form 8-K and are
incorporated herein by reference.&nbsp;


<P align="center" style="font-size: 10pt">2




<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">





<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 </B><U><B>Financial Statements and Exhibits</B></U>


<P align="left" style="font-size: 10pt">(d)&nbsp;Exhibits &#150; The following exhibits are furnished as part of this current report on Form&nbsp;8-K:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employment Agreements entered into March&nbsp;23, 2007 effective March
26, 2007, as amended February&nbsp;14, 2008 and October&nbsp;23, 2008 by
and between Kaydon Corporation and James O&#146;Leary</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation Supplemental Executive Retirement Plan, as
amended and restated</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">

    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Amendment of the Kaydon Corporation Supplemental Executive
Retirement Trust</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation Director Deferred Compensation Plan Amended
and Restated effective October&nbsp;23, 2008</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Amended and Restated Kaydon Corporation Change in Control
Compensation Agreement (In reliance on Instruction 2 to Item&nbsp;601
of Regulation&nbsp;S-K, identical changes have been made to Change in
Control Compensation Agreements with Anthony T. Behrman, Debra K.
Crane, Kenneth W. Crawford, Peter C. DeChants and John R. Emling,
but the forms have not been filed. Such agreements were
originally filed as exhibits to the Form&nbsp;10-K filed on February
27, 2008 (with respect to Anthony T. Behrman and Debra K. Crane)
and the Form&nbsp;10-Q filed on August&nbsp;8, 2007 (with respect to
Kenneth W. Crawford, Peter C. DeChants and John R. Emling). The
agreements were amended on May&nbsp;6, 2008, and the form of such
amendment was filed as an exhibit to the Form&nbsp;8-K filed on May
12, 2008).</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation 1999 Long Term Stock Incentive Plan, Amended
and Restated effective October&nbsp;23, 2008</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation 2003 Non-Employee Directors Equity Plan
Amended and Restated effective October&nbsp;23, 2008</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of 2003 Non-Employee Directors Equity Plan Restricted Stock
Agreement</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of 2003 Non-Employee Directors Equity Plan Nonstatutory
Stock Option Agreement</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan (other than for CEO)</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Kaydon Corporation 1999 Long Term Stock Incentive Plan
Non-Qualified Stock Option Agreement</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan for James O&#146;Leary</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Phantom Share Award Agreement for 1999 Long Term Stock
Incentive Plan</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">3




<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">





<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt">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, thereunto duly authorized.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">Dated: October&nbsp;28, 2008</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">KAYDON CORPORATION</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Debra K. Crane</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD nowrap colspan="2" align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Debra K. Crane</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, General Counsel and Secretary</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">4



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employment Agreements entered into March&nbsp;23, 2007 effective March
26, 2007, as amended February&nbsp;14, 2008 and October&nbsp;23, 2008 by
and between Kaydon Corporation and James O&#146;Leary</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation Supplemental Executive Retirement Plan, as
amended and restated</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">

    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Amendment of the Kaydon Corporation Supplemental Executive
Retirement Trust</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation Director Deferred Compensation Plan Amended
and Restated effective October&nbsp;23, 2008</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Amended and Restated Kaydon Corporation Change in Control
Compensation Agreement (In reliance on Instruction 2 to Item&nbsp;601
of Regulation&nbsp;S-K, identical changes have been made to Change in
Control Compensation Agreements with Anthony T. Behrman, Debra K.
Crane, Kenneth W. Crawford, Peter C. DeChants and John R. Emling,
but the forms have not been filed. Such agreements were
originally filed as exhibits to the Form&nbsp;10-K filed on February
27, 2008 (with respect to Anthony T. Behrman and Debra K. Crane)
and the Form&nbsp;10-Q filed on August&nbsp;8, 2007 (with respect to
Kenneth W. Crawford, Peter C. DeChants and John R. Emling). The
agreements were amended on May&nbsp;6, 2008, and the form of such
amendment was filed as an exhibit to the Form&nbsp;8-K filed on May
12, 2008).</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation 1999 Long Term Stock Incentive Plan, Amended
and Restated effective October&nbsp;23, 2008</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kaydon Corporation 2003 Non-Employee Directors Equity Plan
Amended and Restated effective October&nbsp;23, 2008</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of 2003 Non-Employee Directors Equity Plan Restricted Stock
Agreement</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of 2003 Non-Employee Directors Equity Plan Nonstatutory
Stock Option Agreement</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan (other than for CEO)</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Kaydon Corporation 1999 Long Term Stock Incentive Plan
Non-Qualified Stock Option Agreement</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan for James O&#146;Leary</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Phantom Share Award Agreement for 1999 Long Term Stock
Incentive Plan</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">5



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c76367e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 28946}]
{"company-data": {"conformed-name": "KAYDON CORP", "cik": "0000740694", "assigned-sic": "3562", "irs-number": "133186040", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11333", "film-number": "081145068"}, "business-address": {"street1": "315 E. EISENHOWER PARKWAY, SUITE 300", "city": "ANN ARBOR", "state": "MI", "zip": "48108", "phone": "7347477025"}}
Filed by Bowne Pure Compliance
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): October 23, 2008
KAYDON CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-11333
13-3186040
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
315 East Eisenhower Parkway, Suite 300
Ann Arbor, Michigan
48108
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(734) 747-7025
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:
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 Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
.
On October 23, 2008, the Board of Directors of Kaydon Corporation (the "Company") approved amendments to certain of the
Company's compensation and benefit plans and agreements designed to facilitate each plan's or agreement's compliance
with Section 409A of the Internal Revenue Code, to clarify certain provisions (including to ensure coordination between
all plans and compensation arrangements) and to make administrative changes. The Board's actions were based on
recommendations made by the Compensation Committee of the Company after review with counsel to the Committee of the
compensation and benefits arrangements of the Company that could entail deferred compensation. The plans and
arrangements amended are as follows:
•
Employment Agreement with James O'Leary
•
Supplemental Executive Retirement Plan ("SERP")
•
Trust Agreement related to the SERP
•
Director Deferred Compensation Plan
•
Change in Control Compensation Agreements with the following individuals:
•     Anthony T. Behrman
•     Debra K. Crane
•     Kenneth W. Crawford
•     Peter C. DeChants
•     John R. Emling
•
1999 Long Term Stock Incentive Plan
•
2003 Non-Employee Directors Equity Plan
•
Forms of award agreements under the 1999 Long Term Stock Incentive Plan and the 2003 Non-Employee
Directors Equity Plan
The amendments approved include:
•
Replacement of certain defined terms, including replacement of "termination of employment" with
"separation from service" defined in accordance with Section 409A and modification of the definition
of "change of control" for purposes of Mr. O'Leary's SERP benefits
•
Inclusion of a six-month delay in payment in situations where payments would otherwise not be
compliant with Section 409A
•
Inclusion of a gross up provision in Mr. O'Leary's employment agreement related to 409A
non-compliant issues to conform such agreement with the provisions set forth in the Change in Control
Compensation Agreements
•
Revisions to certain award agreements to clarify rules with respect to vesting and exercise upon
termination of employment and ensure coordination with Mr. O'Leary's Employment Agreement and the
Change in Control Compensation Agreements
•
Clarification of the situation under which awards may be forfeited if it is determined that the
individual could have been terminated for cause
•
Revisions to conform award agreements to the Company's current practices with respect to tax
withholding and payment of exercise price
Award agreements previously issued to Mr. O'Leary have been amended and restated to conform to the new forms
attached as exhibits hereto.
The above description of the amendments does not purport to be complete and is qualified in its entirety by reference
to the full text of the documents, copies of which are filed as exhibits to this report on Form 8-K and are
incorporated herein by reference.
2
Item 9.01
Financial Statements and Exhibits
(d) Exhibits – The following exhibits are furnished as part of this current report on Form 8-K:
Exhibit No.
Description
10.1
Employment Agreements entered into March 23, 2007 effective March
26, 2007, as amended February 14, 2008 and October 23, 2008 by
and between Kaydon Corporation and James O'Leary
10.2
Kaydon Corporation Supplemental Executive Retirement Plan, as
amended and restated
10.3
First Amendment of the Kaydon Corporation Supplemental Executive
Retirement Trust
10.4
Kaydon Corporation Director Deferred Compensation Plan Amended
and Restated effective October 23, 2008
10.5
Form of Amended and Restated Kaydon Corporation Change in Control
Compensation Agreement (In reliance on Instruction 2 to Item 601
of Regulation S-K, identical changes have been made to Change in
Control Compensation Agreements with Anthony T. Behrman, Debra K.
Crane, Kenneth W. Crawford, Peter C. DeChants and John R. Emling,
but the forms have not been filed. Such agreements were
originally filed as exhibits to the Form 10-K filed on February
27, 2008 (with respect to Anthony T. Behrman and Debra K. Crane)
and the Form 10-Q filed on August 8, 2007 (with respect to
Kenneth W. Crawford, Peter C. DeChants and John R. Emling). The
agreements were amended on May 6, 2008, and the form of such
amendment was filed as an exhibit to the Form 8-K filed on May
12, 2008).
10.6
Kaydon Corporation 1999 Long Term Stock Incentive Plan, Amended
and Restated effective October 23, 2008
10.7
Kaydon Corporation 2003 Non-Employee Directors Equity Plan
Amended and Restated effective October 23, 2008
10.8
Form of 2003 Non-Employee Directors Equity Plan Restricted Stock
Agreement
10.9
Form of 2003 Non-Employee Directors Equity Plan Nonstatutory
Stock Option Agreement
10.10
Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan (other than for CEO)
10.11
Form of Kaydon Corporation 1999 Long Term Stock Incentive Plan
Non-Qualified Stock Option Agreement
10.12
Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan for James O'Leary
10.13
Form of Phantom Share Award Agreement for 1999 Long Term Stock
Incentive Plan
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, thereunto duly authorized.
Dated: October 28, 2008
KAYDON CORPORATION
By:
/s/ Debra K. Crane
Debra K. Crane
Vice President, General Counsel and Secretary
4
EXHIBIT INDEX
Exhibit No.
Description
10.1
Employment Agreements entered into March 23, 2007 effective March
26, 2007, as amended February 14, 2008 and October 23, 2008 by
and between Kaydon Corporation and James O'Leary
10.2
Kaydon Corporation Supplemental Executive Retirement Plan, as
amended and restated
10.3
First Amendment of the Kaydon Corporation Supplemental Executive
Retirement Trust
10.4
Kaydon Corporation Director Deferred Compensation Plan Amended
and Restated effective October 23, 2008
10.5
Form of Amended and Restated Kaydon Corporation Change in Control
Compensation Agreement (In reliance on Instruction 2 to Item 601
of Regulation S-K, identical changes have been made to Change in
Control Compensation Agreements with Anthony T. Behrman, Debra K.
Crane, Kenneth W. Crawford, Peter C. DeChants and John R. Emling,
but the forms have not been filed. Such agreements were
originally filed as exhibits to the Form 10-K filed on February
27, 2008 (with respect to Anthony T. Behrman and Debra K. Crane)
and the Form 10-Q filed on August 8, 2007 (with respect to
Kenneth W. Crawford, Peter C. DeChants and John R. Emling). The
agreements were amended on May 6, 2008, and the form of such
amendment was filed as an exhibit to the Form 8-K filed on May
12, 2008).
10.6
Kaydon Corporation 1999 Long Term Stock Incentive Plan, Amended
and Restated effective October 23, 2008
10.7
Kaydon Corporation 2003 Non-Employee Directors Equity Plan
Amended and Restated effective October 23, 2008
10.8
Form of 2003 Non-Employee Directors Equity Plan Restricted Stock
Agreement
10.9
Form of 2003 Non-Employee Directors Equity Plan Nonstatutory
Stock Option Agreement
10.10
Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan (other than for CEO)
10.11
Form of Kaydon Corporation 1999 Long Term Stock Incentive Plan
Non-Qualified Stock Option Agreement
10.12
Form of Restricted Stock Agreement for Kaydon Corporation 1999
Long Term Stock Incentive Plan for James O'Leary
10.13
Form of Phantom Share Award Agreement for 1999 Long Term Stock
Incentive Plan
5