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<title>MTI 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-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b>Washington, D.C. 20549 </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-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>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-size:11.0pt;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-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>Date
of Report (Date of earliest event reported):</b>&nbsp;&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;text-align:center;
line-height:normal'><b>July
12, 2012</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-size:11.0pt;font-family:Times New Roman;margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b>(Exact name of registrant as specified in
charter) </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=211 valign=bottom style='width:30%;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=9 valign=bottom style='width:5%;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=207 valign=bottom style='width:30%;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=9 valign=bottom style='width:5%;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=140 valign=bottom style='width:30%;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=211 valign=top style='width:30%;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=9 valign=bottom style='width:5%;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'><b><font size="2">&nbsp;&nbsp;</font></b></p>
  </td>
  <td width=207 valign=top style='width:30%;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=9 valign=bottom style='width:5%;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'><b><font size="2">&nbsp;&nbsp;</font></b></p>
  </td>
  <td width=140 valign=top style='width:30%;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-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>325
  Washington Avenue Extension, Albany, New York 12205</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'><b>(Address of Principal Executive Offices) (Zip
Code) </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-top:6.45pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b>(518) 218-2550</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'><b>(Registrant&#146;s telephone number, including area
code) </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="12%"><b><font size="2">Item 5.02</font></b></td>
		<td width="88%" valign="top">

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;line-height:115%;font-family:Times New Roman;margin-top:0in;margin-right:0in;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">Appointment of Lead Independent Director
and Director Compensation</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 12, 2012, the Board of Directors of
Mechanical Technology, Incorporated (the &#147;Company&#148;) appointed Kevin G. Lynch as
the Lead Independent Director.&nbsp; The Board of Directors also established a cash
compensation policy for non-employee directors.&nbsp; The Lead Independent Director
shall receive cash compensation of $20,000 per year, with an additional $10,000
payable if the Company achieves certain profitability for the year ending
December 31, 2012.&nbsp; The remaining non-employee directors shall each receive
cash compensation of $10,000 per year, with an additional $5,000 payable if the
Company achieves certain profitability for the year ending December 31, 2012.&nbsp;
Fifty percent of the annual cash compensation shall be paid immediately, and
twenty-five percent shall be paid at the end of each of the third and fourth
calendar quarters.&nbsp; The additional performance-based cash compensation, if any,
shall be paid upon the completion of the audit of the financial statements for
the year ending December 31, 2012.</font></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="45%" 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'>
  <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="45%" 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 18, 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="center">By:</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="45%" 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="45%" 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-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:11.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in' align="center">
2</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>

</body>

</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": "12966921"}, "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"}}
MTI 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
12, 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.
Appointment of Lead Independent Director
and Director Compensation
On July 12, 2012, the Board of Directors of
Mechanical Technology, Incorporated (the "Company") appointed Kevin G. Lynch as
the Lead Independent Director.  The Board of Directors also established a cash
compensation policy for non-employee directors.  The Lead Independent Director
shall receive cash compensation of $20,000 per year, with an additional $10,000
payable if the Company achieves certain profitability for the year ending
December 31, 2012.  The remaining non-employee directors shall each receive
cash compensation of $10,000 per year, with an additional $5,000 payable if the
Company achieves certain profitability for the year ending December 31, 2012. 
Fifty percent of the annual cash compensation shall be paid immediately, and
twenty-five percent shall be paid at the end of each of the third and fourth
calendar quarters.  The additional performance-based cash compensation, if any,
shall be paid upon the completion of the audit of the financial statements for
the year ending December 31, 2012.
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 18, 2012
By:
/s/
  Peng K. Lim
Name:
Peng K.
  Lim
Title:
Chairman
  and Chief Executive Officer
2