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<title>Mechanical Technology, Inc Form 8-K</title>



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<div style='page:Section1;'>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 width=281>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:9.0pt;
  padding-bottom:0in;padding-left:9.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;line-height:10.0pt;font-size:8.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="5">UNITED
STATES </font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b><font size="5">SECURITIES AND EXCHANGE COMMISSION
</font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b><font size="2">Washington, D.C. 20549
</font></b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>___________________</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="5">FORM
8-K </font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>___________________</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b>CURRENT
REPORT </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b>Pursuant
to Section</b>&nbsp;<b>13
or 15(d) of the </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b>Securities Exchange Act of 1934 </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="2">Date
of Report (Date of earliest event reported):</font></b><font size="2">&nbsp;&nbsp;</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="2">July
2, 2012</font></b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>___________________</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="5">MECHANICAL
TECHNOLOGY, INCORPORATED </font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b><font size="2">(Exact name of registrant as specified in
charter) </font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=576
 style='width:100%'>
 <tr>
  <td width="30%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b><font size="2">New York</font></b></p>
  </td>
  <td width="5%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="30%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b><font size="2">0-6890</font></b></p>
  </td>
  <td width="5%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="30%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b><font size="2">14-1462255</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="30%" valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b><font size="2">(State or Other Jurisdiction</font></b></p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:.55pt;text-align:center;
  line-height:normal'><b><font size="2">of
  Incorporation)</font></b></p>
  </td>
  <td width="5%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="30%" valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b><font size="2">(Commission File Number)</font></b></p>
  </td>
  <td width="5%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="30%" valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b><font size="2">(IRS Employer</font></b></p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:.55pt;text-align:center;
  line-height:normal'><b><font size="2">Identification
  No.)</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="2">325
  Washington Avenue Extension, Albany, New York 12205</font></b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b><font size="2">(Address of Principal Executive Offices) (Zip
Code) </font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b><font size="2">(518) 218-2550</font></b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b><font size="2">(Registrant&#146;s telephone number, including area
code) </font> </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>___________________</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-top:6.45pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>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 (<i>see
</i>General Instruction A.2. below): </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width=48 valign=top style='width:.5in;padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Wingdings;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>o</p>
  </td>
  <td valign=top style='padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  </p>
  </td>
 </tr>
 <tr>
  <td width=48 valign=top style='width:.5in;padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Wingdings;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>o</p>
  </td>
  <td valign=top style='padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Soliciting
  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
  </td>
 </tr>
 <tr>
  <td width=48 valign=top style='width:.5in;padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Wingdings;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>o</p>
  </td>
  <td valign=top style='padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </p>
  </td>
 </tr>
 <tr>
  <td width=48 valign=top style='width:.5in;padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Wingdings;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>o</p>
  </td>
  <td valign=top style='padding:3.2pt 0in 0in 0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 width=281>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:9.0pt;
  padding-bottom:0in;padding-left:9.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;line-height:10.0pt;font-size:8.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;'>&nbsp;</p>

<div style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;'><b>&nbsp;</b></p>

<table border="0" style="border-collapse: collapse" width="100%" id="table1">
	<tr>
		<td valign="top" width="10%">
		<p style="margin-top: 0"><b><font size="2" face="Times New Roman">Item
		5.02</font></b></td>
		<td width="90%" valign="top">

<p style='margin-top:0in;margin-bottom:10.0pt;line-height:115%;font-family:Times New Roman;margin-top:0;margin-bottom:12.0pt;
line-height:normal'><b><font size="2">Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.</font></b></p>

		</td>
	</tr>
</table>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'><i><font style="font-size: 10.0pt">Director Stock Option Grants</font></i></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'><font style="font-size: 10.0pt">On July 2, 2012, the Governance, Compensation
and Nominating Committee (the &#147;Committee&#148;) of the Board of Directors of
Mechanical Technology, Incorporated (the &#147;Company&#148;) granted Kevin G. Lynch, the
Company&#146;s newest board member, options for 25,000 shares of the Company&#146;s
common stock and each of the remaining non-employee directors options for
12,500 shares of common stock.&nbsp; The director stock options have an exercise
price equal to the closing price on July 2, 2012.&nbsp; Twenty-five percent of each
award shall be exercisable on each of the first four anniversaries of the date
of the award. All terms and conditions shall be in accordance with the 2012
Equity Incentive Plan.</font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'><i><font style="font-size: 10.0pt">NEO Bonus Targets for 2012 and Stock
Option Grants</font></i></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'><font style="font-size: 10.0pt">On July 2, 2012, the Committee of the Board
of Directors established target bonuses for Peng Lim, the Company&#146;s Chief
Executive Officer.&nbsp; Mr. Lim will be eligible for a bonus of $50,000 if the
Company achieves certain profitability for the year ending December 31, 2012.&nbsp;
In addition, Mr. Lim will be eligible to receive an additional bonus of up to
twelve and one-half percent of the Company&#146;s operating income before taxes for
the year ending December 31, 2012, not to exceed fifty percent of his base
salary. Payment of all bonus awards is conditioned on managements conforming to
a long range corporate plan approved by the Board. In addition to the
foregoing, Mr.&nbsp;Lim will be eligible to receive an additional bonus amount
of up to twenty-five percent of base salary if the Company completes a
strategic agreement relating to MTI MicroFuel Cells Incorporated.</font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'><font style="font-size: 10.0pt">The Committee also granted Mr. Lim options
for 50,000 shares of stock and Mr. Rick Jones, the Company&#146;s Chief Financial Officer,
options for 25,000 shares of stock.&nbsp; The stock options have an exercise price
equal to the closing price on July 2, 2012.&nbsp; Twenty-five percent of each award
shall be exercisable on each of the first four anniversaries of the date of the
award.&nbsp; All terms and conditions shall be in accordance with the 2012 Equity
Incentive Plan.</font></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman"' align="center">
<font size="2">2</font></p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 width=281>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:9.0pt;
  padding-bottom:0in;padding-left:9.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;line-height:10.0pt;font-size:8.0pt;font-family:"Times New Roman";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;'>&nbsp;</p>

<div style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin:0in;margin-bottom:.0001pt;text-align:center'><b><u><font style="font-size: 10.0pt">SIGNATURES </font></u></b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>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.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=576
 style='width:100%;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width="50%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>&nbsp;</p>
  </td>
  <td colspan=3 valign=bottom style='padding:0in 0in 0in 0in' width="50%">
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;line-height:normal'>MECHANICAL TECHNOLOGY, INCORPORATED</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width="50%" valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-top:1.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><br>
  Date:
  July 9, 2012</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-top:1.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-top:1.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal' align="right">&nbsp; By:&nbsp;&nbsp; </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'><u>/s/
  Peng K. Lim&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width="50%" valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Name:</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Peng K.
  Lim</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width="50%" valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Title:</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Chairman
  and Chief Executive Officer</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 width=281>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:9.0pt;
  padding-bottom:0in;padding-left:9.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt;line-height:10.0pt;font-size:8.0pt;font-family:"Times New Roman";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:Calibri;' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
<font size="2">3</font></p>
<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>

<div style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;margin-bottom:0in;margin-bottom:.0001pt;line-height:
1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:Calibri;'>&nbsp;</p>

</div>

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</html>
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{"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": "12953379"}, "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"}}
Mechanical Technology, 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):
July
2, 2012
___________________
MECHANICAL
TECHNOLOGY, INCORPORATED
(Exact name of registrant as specified in
charter)
New York
0-6890
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):
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.
Director Stock Option Grants
On July 2, 2012, the Governance, Compensation
and Nominating Committee (the "Committee") of the Board of Directors of
Mechanical Technology, Incorporated (the "Company") granted Kevin G. Lynch, the
Company's newest board member, options for 25,000 shares of the Company's
common stock and each of the remaining non-employee directors options for
12,500 shares of common stock.  The director stock options have an exercise
price equal to the closing price on July 2, 2012.  Twenty-five percent of each
award shall be exercisable on each of the first four anniversaries of the date
of the award. All terms and conditions shall be in accordance with the 2012
Equity Incentive Plan.
NEO Bonus Targets for 2012 and Stock
Option Grants
On July 2, 2012, the Committee of the Board
of Directors established target bonuses for Peng Lim, the Company's Chief
Executive Officer.  Mr. Lim will be eligible for a bonus of $50,000 if the
Company achieves certain profitability for the year ending December 31, 2012. 
In addition, Mr. Lim will be eligible to receive an additional bonus of up to
twelve and one-half percent of the Company's operating income before taxes for
the year ending December 31, 2012, not to exceed fifty percent of his base
salary. Payment of all bonus awards is conditioned on managements conforming to
a long range corporate plan approved by the Board. In addition to the
foregoing, Mr. Lim will be eligible to receive an additional bonus amount
of up to twenty-five percent of base salary if the Company completes a
strategic agreement relating to MTI MicroFuel Cells Incorporated.
The Committee also granted Mr. Lim options
for 50,000 shares of stock and Mr. Rick Jones, the Company's Chief Financial Officer,
options for 25,000 shares of stock.  The stock options have an exercise price
equal to the closing price on July 2, 2012.  Twenty-five percent of each award
shall be exercisable on each of the first four anniversaries of the date of the
award.  All terms and conditions shall be in accordance with the 2012 Equity
Incentive Plan.
2
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.
MECHANICAL TECHNOLOGY, INCORPORATED
Date:
  July 9, 2012
By:
/s/
  Peng K. Lim
Name:
Peng K.
  Lim
Title:
Chairman
  and Chief Executive Officer
3