<HTML>
<HEAD>
   <TITLE>klynchretirement012417final.htm - Prepared by EDGARX.com</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>


<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV>
<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">UNITED STATES </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">SECURITIES AND EXCHANGE COMMISSION </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Washington, D.C. 20549
</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">FORM
8-K </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">CURRENT
REPORT </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Pursuant
to Section</font></b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">13
OR 15(d) of The </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Securities Exchange Act of 1934 </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Date
of Report (Date of earliest event reported):</font></b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">January
18, 2017</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">MECHANICAL
TECHNOLOGY, INCORPORATED </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Exact name of registrant as specified
in charter) </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="width:100%;">
 <tr>
  <td valign=bottom width="33%" style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">New York</font></b></p>
  </td>
 <td valign=bottom width="0%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=bottom width="33%" style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">000-06890</font></b></p>
  </td>
 <td valign=bottom width="0%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=bottom width="33%" style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">14-1462255</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width="33%" style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">(State or other jurisdiction</font></b></p>
  <p align=center style="line-height:normal;margin-bottom:.55pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">of
  incorporation)</font></b></p>
  </td>
 <td valign=bottom width="0%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top width="33%" style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">(Commission File Number)</font></b></p>
  </td>
 <td valign=bottom width="0%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top width="33%" style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">(IRS Employer</font></b></p>
  <p align=center style="line-height:normal;margin-bottom:.55pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" style="font-size:10.0pt;">Identification
  No.)</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">325
  Washington Avenue Extension, Albany, New York 12205</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Address of principal executive offices)
(Zip Code) </font></b></p>
<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">&nbsp;</p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.45pt;text-align:center;">
<b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(518) 218-2550</font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Registrant&#8217;s telephone number,
including area code) </font></b></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">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><u><font face="times new roman" lang=EN-US style="font-size:10.0pt;">see</font></u><i><font face="times new roman" lang=EN-US style="font-size:10.0pt;"> </font></i><font face="times new roman" lang=EN-US style="font-size:10.0pt;">General Instruction A.2. below): </font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">
	<font face="times new roman" style="font-size:10.0pt;">&#9744</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&#9744</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Soliciting
  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&#9744</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=4% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&#9744</font></p>
  </td>
 <td valign=top width=96% style="padding:3.2pt 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </font></p>
  </td>
 </tr>
</table></div>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;padding:0in;"><font face="times new roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>


<a name="_bclFooter1"></a><DIV>


<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>


<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV>
<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Section
5 &#8211; Corporate Governance and Management</font></b></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></b></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify; text-indent:0.5in">
<font face="times new roman" lang=EN-US style="font-size:10.0pt;">(b)
On January 18, 2017, Kevin Lynch resigned as President and Chief Executive
Officer as well as Chairman of the Board of Mechanical Technology, Incorporated
(the &#8220;Company&#8221;), effective immediately. Mr. Lynch will remain on the Company&#8217;s
Board of Directors.</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify; text-indent:0.5in"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify; text-indent:0.5in">
<font face="times new roman" lang=EN-US style="font-size:10.0pt;">(c)
Effective January 18, 2017, the Company&#8217;s Board of Directors appointed
Frederick W. Jones, our current Chief Financial Officer, as President and Chief
Executive Officer. He remains our Chief Financial Officer as well.</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Frederick W. Jones, age 49, has served
as our Chief Financial Officer since September 2011 and had been serving as the
Acting Chief Financial Officer since June 2009. He was appointed our Secretary
in June 2009. He was promoted to Vice President of Finance and Operations of
MTI Instruments, Inc. (MTI Instruments), a wholly-owned subsidiary of the
Company, in April 2010, from the Senior Director of Finance and Operations at
MTI Instruments, which he had held since May 2007. Since joining the Company in
1993, Mr. Jones has held a variety of roles at the Company and its
subsidiaries, including Staff Accountant, Controller and Director of Finance
and Administration. Prior to his employment with MTI, Mr. Jones served as
Controller for both Hobbs Management Corporation and Galesi Management
Corporation. Mr. Jones received a Bachelor&#8217;s degree in Business Administration
and Accounting from Siena College.</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">The press release announcing Mr. Lynch&#8217;s
resignation and Mr. Jones&#8217; appointment is attached as exhibit 99.1 hereto.</font></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Section
8 &#8211; Other Events</font></b></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Item
8.01 Other Events.</font></b></p>

<p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">On January 18, 2017, the Company&#8217;s Board
of Directors appointed David C. Michaels to succeed Mr. Lynch as Chairman of
the Board. Mr. Michaels has served as a director of the Company since August
2013 and is currently Chairman of the Audit Committee of the Company&#8217;s Board of
Directors.</font></p>

<p style="line-height:120%;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="times new roman" style="line-height:120%;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Section
9 &#8211; Financial Statements and Exhibits</font></b></p>

<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">Item
9.01 Financial Statements and Exhibits.</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td nowrap valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">(d)&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">Exhibits</font></p>
  </td>
 <td nowrap valign=bottom width=3% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom width=80% style="padding:0in 0in 0in 0in;">
  <p align=center style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Exhibit Number</font></p>
  </td>
 <td nowrap valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=80% style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Description                                             </font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap valign=top width=14% style="background:silver;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
 <td nowrap valign=top width=3% style="background:silver;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=80% style="background:silver;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face style="font-size:10.0pt;">Press Release dated January
  24, 2017.&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=center style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">

<hr align=center noshade size=3 width="100%">

&nbsp;</div>





<a name="_bclFooter2"></a><DIV>


<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>


<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV>
<p align=center style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><u><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SIGNATURES </font></u></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant
to the requirement 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;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="page-break-inside:avoid;">
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=51% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">MECHANICAL
  TECHNOLOGY, INCORPORATED</font></p>
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;"><br>
  </font><font face="times new roman" style="font-size:10.0pt;">Date:
  January 24, 2017</font></p>
  </td>
 <td valign=bottom width="5%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">By:</font><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width="2%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width="44%" style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:12.0pt;"><br>
  </font><font face="times new roman" style="font-size:10.0pt;">/s/
  FREDERICK W. JONES</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width="7%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
 <td valign=top width="44%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Frederick
  W. Jones</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=49% style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width="7%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
 <td valign=top width="44%" style="padding:0in 0in 0in 0in;">
  <p style="line-height:normal;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="times new roman" style="font-size:10.0pt;">President,
  Chief Executive Officer and Chief Financial Officer</font></p>
  </td>
 </tr>
</table>

</div>

<div align=center style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;">

<hr align=center noshade size=3 width="100%">

&nbsp;</div>



</div>
<a name="_bclFooter3"></a><DIV>


<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>
<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>
<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>
<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>
<p style="line-height:115%;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>


</DIV>

</BODY>

</HTML>
[{"type": "8-K", "sequence": "1", "filename": "mkty8k.htm", "secsgml_size_bytes": 31793}]
{"company-data": {"conformed-name": "MECHANICAL TECHNOLOGY INC", "cik": "0000064463", "assigned-sic": "3829", "irs-number": "141462255", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06890", "film-number": "17542596"}, "business-address": {"street1": "325 WASHINGTON AVENUE EXTENSION", "city": "ALBANY", "state": "NY", "zip": "12205", "phone": "518-218-2500"}, "mail-address": {"street1": "325 WASHINGTON AVENUE EXTENSION", "city": "ALBANY", "state": "NY", "zip": "12205"}}
klynchretirement012417final.htm - Prepared by EDGARX.com
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):
January
18, 2017
___________________
MECHANICAL
TECHNOLOGY, INCORPORATED
(Exact name of registrant as specified
in charter)
New York
000-06890
14-1462255
(State or other jurisdiction
of
  incorporation)
(Commission File Number)
(IRS Employer
Identification
  No.)
325
  Washington Avenue Extension, Albany, New York 12205
(Address of principal executive offices)
(Zip Code)
(518) 218-2550
(Registrant's telephone number,
including area code)
___________________
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (
see
General Instruction A.2. below):
☐
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))
Section
5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On January 18, 2017, Kevin Lynch resigned as President and Chief Executive
Officer as well as Chairman of the Board of Mechanical Technology, Incorporated
(the "Company"), effective immediately. Mr. Lynch will remain on the Company's
Board of Directors.
(c)
Effective January 18, 2017, the Company's Board of Directors appointed
Frederick W. Jones, our current Chief Financial Officer, as President and Chief
Executive Officer. He remains our Chief Financial Officer as well.
Frederick W. Jones, age 49, has served
as our Chief Financial Officer since September 2011 and had been serving as the
Acting Chief Financial Officer since June 2009. He was appointed our Secretary
in June 2009. He was promoted to Vice President of Finance and Operations of
MTI Instruments, Inc. (MTI Instruments), a wholly-owned subsidiary of the
Company, in April 2010, from the Senior Director of Finance and Operations at
MTI Instruments, which he had held since May 2007. Since joining the Company in
1993, Mr. Jones has held a variety of roles at the Company and its
subsidiaries, including Staff Accountant, Controller and Director of Finance
and Administration. Prior to his employment with MTI, Mr. Jones served as
Controller for both Hobbs Management Corporation and Galesi Management
Corporation. Mr. Jones received a Bachelor's degree in Business Administration
and Accounting from Siena College.
The press release announcing Mr. Lynch's
resignation and Mr. Jones' appointment is attached as exhibit 99.1 hereto.
Section
8 – Other Events
Item
8.01 Other Events.
On January 18, 2017, the Company's Board
of Directors appointed David C. Michaels to succeed Mr. Lynch as Chairman of
the Board. Mr. Michaels has served as a director of the Company since August
2013 and is currently Chairman of the Audit Committee of the Company's Board of
Directors.
Section
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit Number
Description
99.1
Press Release dated January
  24, 2017.
SIGNATURES
Pursuant
to the requirement 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.
MECHANICAL
  TECHNOLOGY, INCORPORATED
Date:
  January 24, 2017
By:
/s/
  FREDERICK W. JONES
Name:
Frederick
  W. Jones
Title:
President,
  Chief Executive Officer and Chief Financial Officer