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<b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">UNITED STATES
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<b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">SECURITIES AND EXCHANGE COMMISSION
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<font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>
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<b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">FORM
8-K </font></b></p>
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<font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>
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<font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>
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<b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">CURRENT
REPORT </font></b></p>
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<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>
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<b><font face="times new roman" lang=EN-US style="font-size:12.0pt;">Securities Exchange Act of 1934
</font></b></p>
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<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;">February
2, 2017</font></b></p>
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<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>
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<b><font face="times new roman" lang=EN-US style="font-size:18.0pt;">MECHANICAL
TECHNOLOGY, INCORPORATED </font></b></p>
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<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>
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<font face="times new roman" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>
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<font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
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			<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>
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			<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:7.5pt;">&nbsp;&nbsp;</font></p>
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			<td valign=bottom width=36% 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>
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			<font face="times new roman" style="font-size:7.5pt;">&nbsp;&nbsp;</font></p>
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			<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>
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			<b><font face="times new roman" style="font-size:10.0pt;">(State or other jurisdiction</font></b></p>
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			<b><font face="times new roman" style="font-size:10.0pt;">of
  incorporation)</font></b></p></td>
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			<font face="times new roman" style="font-size:10.0pt;">&nbsp;&nbsp;</font></p>
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			<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>
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			<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;&nbsp;</font></p>
			</td>
			<td valign=top width=24% 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>
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<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>
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<b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Address of principal executive offices)
(Zip Code) <br>
(518) 218-2550</font></b></p>
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<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>
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<font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
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<font face="times new roman" lang=EN-US style="font-size:10.0pt;">___________________</font></p>
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<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):
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			<font face="times new roman" style="font-size:9.0pt;">&nbsp;</font><font face="Wingdings" size="2">&#168;</font></p>
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			<font face="times new roman" style="font-size:10.0pt;">Written
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			<p style="line-height:normal;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;">
			<font face="Wingdings" size="2">&#168;</font></p>
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			<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>
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			<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="Wingdings" size="2">&#168;</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="Wingdings" size="2">&#168;</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>
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<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;">
<font face="times new roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (e)
As Mechanical Technology, Incorporated (the &#8220;Company&#8221;) previously reported, on
January 18, 2017, Kevin Lynch resigned as the Company&#8217;s President and Chief
Executive Officer as well as Chairman of the Board.&#160; On February 2, 2017, the
Company and Mr. Lynch entered into a separation agreement (dated February 1,
2017) with respect to his resignation.&#160; The separation agreement provides that,
in exchange for the waiver of Mr. Lynch&#8217;s rights to bring suits against the
Company and its affiliates and release of any and all claims against the
Company and its affiliates, through June 30, 2017, Mr. Lynch will continue to
receive his compensation as of the date of his resignation ($11,488.47 per
bi-weekly pay, less all applicable deductions and withholdings) and
compensation for his service as a Director of the Company and its affiliates.&#160; The
separation payments will cease if Mr. Lynch becomes employed on a full-time
basis with a competitor of the Company.&#160; The separation agreement also provides
that if Mr. Lynch timely elects and is eligible for continued medical insurance
coverage under COBRA, the Company will reimburse Mr. Lynch for the employer&#8217;s
portion of the premium associated with such insurance coverage for the period
from February 1, 2017 through December 31, 2017.&#160; In addition, all outstanding,
unvested Company stock options became fully vested on January 18, 2017, Mr.
Lynch&#8217;s termination date.&#160; </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;">
<font face="times new roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
separation agreement also contains confidentiality and non-disparagement
provisions.</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;">
<font face="times new roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A
copy of the separation agreement is filed as Exhibit 10.25 hereto. </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: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>
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	<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:left;">
			<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;">10.25</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;">S</font><font face="times new roman" style="font-size:10.0pt;">eparation</font><font face style="font-size:10.0pt;"> Letter Agreement
  between Mechanical Technology, Incorporated and Kevin G Lynch.&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><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>
<a name="_bclHeader3"></a>
<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 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 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:
  February 8, 2017</font></p></td>
			<td valign=bottom 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 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 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 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 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 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 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;">
	<p style="line-height: normal; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
	<hr align=center noshade size=3 width="100%">&nbsp;</div>
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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": "17582494"}, "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"}}
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):
February
2, 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.
(e)
As Mechanical Technology, Incorporated (the "Company") previously reported, on
January 18, 2017, Kevin Lynch resigned as the Company's President and Chief
Executive Officer as well as Chairman of the Board.  On February 2, 2017, the
Company and Mr. Lynch entered into a separation agreement (dated February 1,
2017) with respect to his resignation.  The separation agreement provides that,
in exchange for the waiver of Mr. Lynch's rights to bring suits against the
Company and its affiliates and release of any and all claims against the
Company and its affiliates, through June 30, 2017, Mr. Lynch will continue to
receive his compensation as of the date of his resignation ($11,488.47 per
bi-weekly pay, less all applicable deductions and withholdings) and
compensation for his service as a Director of the Company and its affiliates.  The
separation payments will cease if Mr. Lynch becomes employed on a full-time
basis with a competitor of the Company.  The separation agreement also provides
that if Mr. Lynch timely elects and is eligible for continued medical insurance
coverage under COBRA, the Company will reimburse Mr. Lynch for the employer's
portion of the premium associated with such insurance coverage for the period
from February 1, 2017 through December 31, 2017.  In addition, all outstanding,
unvested Company stock options became fully vested on January 18, 2017, Mr.
Lynch's termination date.
The
separation agreement also contains confidentiality and non-disparagement
provisions.
A
copy of the separation agreement is filed as Exhibit 10.25 hereto.
Section
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit Number
Description
10.25
S
eparation
Letter Agreement
  between Mechanical Technology, Incorporated and Kevin G Lynch.
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:
  February 8, 2017
By:
/s/
  FREDERICK W. JONES
Name:
Frederick
  W. Jones
Title:
President,
  Chief Executive Officer and Chief Financial Officer