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<p align="center"><font face="Times New Roman" size="3"><b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br></b></font>
<font size="3"><b>WASHINGTON, D.C. 20549<br>______________________</b></font></p>
<p align="center"><font face="Times New Roman" size="3"><b>FORM 8-K</b></font></p>
<p align="center"><font face="Times New Roman" size="2"><b>CURRENT REPORT<br>Pursuant
 to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934</b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="60%" align="center">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Date of report (Date of earliest event reported):</b></font></td>
<td valign="bottom" align="left">&#160;</td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>August 26, 2008</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left">&#160;</td>
<td valign="bottom" align="left">&#160;</td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><hr noshade size="1" color="#000000" align="right"></font></td>
</tr>
</table><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td colspan="6" valign="bottom" align="center"><font face="Times New Roman" size="2"><b>PARK ELECTROCHEMICAL
 CORP.<br><hr noshade size="1" color="#000000">(Exact Name of
 Registrant as Specified in Charter)</b></font></td>
</tr>
<tr>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>New York
</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>1-4415
</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>11-1734643
</b></font></td>
</tr>
<tr>
<td colspan="6" valign="bottom" align="left"><font face="Times New Roman" size="2"><hr noshade size="1" color="#000000" align="right"></font></td>
</tr>
<tr>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>(State
 or Other Jurisdiction of Incorporation)</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>(Commission
 File Number)</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>(IRS Employer
 Identification No.)</b></font></td>
</tr>
<tr>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>48 South
 Service Road, Melville,</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>New York
</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>11747</b>
</font></td>
</tr>
<tr>
<td colspan="6" valign="bottom" align="left"><hr noshade size="1" color="#000000"></td>
</tr>
<tr>
<td colspan="4" valign="bottom" align="center"><font face="Times New Roman" size="2"><b>(Address
 of Principal Executive Offices)</b></font></td>
<td><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>(Zip Code)
</b></font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%" align="center">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Registrant&#146;s telephone number, including area code</b></font></td>
<td valign="bottom" align="left">&#160;</td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>(631) 465-3600</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left">&#160;</td>
<td valign="bottom" align="left">&#160;</td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><hr noshade size="1" color="#000000" align="right"></font></td>
</tr>
</table><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b> Not Applicable<br><hr noshade size="1" color="#000000">Former Name or Former Address, if Changed Since Last Report</b></font>
</td>
</tr>
</table>
<p align="justify"><font face="Times New Roman" size="2"><b>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:</b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="3%" valign="top" align="left"><font face="Times New Roman" size="2"><b>[&#160;&#160;]</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</b></font></td>
</tr>
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>[&#160;&#160;]</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</b></font></td>
</tr>
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>[&#160;&#160;]</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
 Act (17 CFR 240.14d-2(b))</b></font></td>
</tr>
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>[&#160;&#160;]</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Pre-commencement communications pursuant to Rule 13e-4(c)
 under the Exchange Act (17 CFR 240.13e-4(c))</b></font></td>
</tr>
</table>
<br clear="all" style="page-break-before:always;">
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<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="7%" valign="top" align="left"><font face="Times New Roman" size="2"><b>Item 5.02</b></font></td>
<td width="1%"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Departure
 of Directors or Certain Officers; Election of Directors; Appointment of Certain
 Officers; Compensatory Arrangements of Certain Officers.</b></font></td>
</tr>
</table>
<p><font face="Times New Roman" size="2"><b>Item 5.02 (f)</b></font></p>
<p><font face="Times New Roman" size="2"><b>Determination of Cash Bonus Awards for
 Fiscal Year 2008</b></font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>On August 26, 2008, the Compensation
 Committee of the Board of Directors of Park Electrochemical Corp. (the &#147;Company&#148;)
 approved cash bonus awards for the Company&#146;s executive officers identified
 below for the fiscal year ended March 2, 2008. Other compensation for fiscal year
 2008 was previously reported by the Company in the Summary Compensation Table beginning
 on page 9 of the definitive proxy statement, dated June 24, 2008, for its 2008 Annual
 Meeting of Shareholders (filed with the Securities and Exchange Commission on June
 24, 2008) (the &#147;Proxy Statement&#148;). As of the filing of the Proxy Statement, cash
 bonuses for executive officers had not been determined and, therefore, were omitted
 from the Summary Compensation Table included in the Proxy Statement. Pursuant to
 Item 5.02 (f) of Form 8-K, the cash bonus awards for the named executive officers
 for fiscal year 2008 are set forth below.</b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" colspan="7" align="center"><font face="Times New Roman" size="2"><b>Fiscal 2008</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><u><b>Name and Principal Position</b></u></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td nowrap colspan="3" valign="bottom" align="right"><font face="Times New Roman" size="2"><u><b>Cash Bonus Award</b></u></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td nowrap colspan="3" valign="bottom" align="right"><font face="Times New Roman" size="2"><u><b>Total Compensation</b></u></font></td>
</tr>
<tr>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>P. Matthew Farabaugh</b></font></td>
<td width="1%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="3%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="1%" valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td width="5%" valign="bottom" align="right"><font face="Times New Roman" size="2"><b>10,000</b></font></td>
<td width="3%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="3%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="1%" valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td width="5%" valign="bottom" align="right"><font face="Times New Roman" size="2"><b>75,656</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Vice President and Controller</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Stephen
 E. Gilhuley</b></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b> 70,000
</b></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b> 368,091
</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Executive Vice President,</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Secretary and General Counsel</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Anthony
 W. DiGaudio</b></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b> 50,000
</b></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b> 262,718
</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Vice President of Marketing and Sales</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Louis J.
 Stans</b></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b> 35,000
</b></font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>$</b></font></td>
<td valign="bottom" align="right"><font face="Times New Roman" size="2"><b> 214,504
</b></font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Vice President of Engineering,</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Quality and Research and</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="bottom" align="left"><p style="margin-left:20px; text-indent:-10px;"><font face="Times New Roman" size="2"><b>
Development</b></font></p></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
</table>
<p align="center"><font face="Times New Roman" size="2"><b>- 2 -</b></font></p>
<br clear="all" style="page-break-before:always;">
<!--page-->
<p align="center"><font face="Times New Roman" size="2"><b><u>SIGNATURE</u></b></font></p>
<p>&#160;&#160;&#160;&#160;&#160;<font face="Times New Roman" size="2"><b>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.
</b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td colspan="2" valign="top" align="left"><font face="Times New Roman" size="2"><b>PARK ELECTROCHEMICAL CORP.</b></font></td>
</tr>
<tr>
<td colspan="4" valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
</tr>
<tr>
<td colspan="4" valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
</tr>
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Date: September 2, 2008</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>By:</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><u><b>/s/ Stephen E. Gilhuley</b></u></font></td>
</tr>
<tr>
<td width="50%" valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td width="5%" valign="top" align="left"><font face="Times New Roman" size="2"><b>Name:</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Stephen E. Gilhuley</b></font></td>
</tr>
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">&#160;</font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Title:</b></font></td>
<td valign="top" align="left"><font face="Times New Roman" size="2"><b>Executive Vice President,<br>Secretary and General Counsel</b></font></td>
</tr>
</table>
<br>
<p align="center"><font face="Times New Roman" size="2"><b>- 3 -</b></font></p>
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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):
August 26, 2008
PARK ELECTROCHEMICAL
 CORP.
(Exact Name of
 Registrant as Specified in Charter)
New York
1-4415
11-1734643
(State
 or Other Jurisdiction of Incorporation)
(Commission
 File Number)
(IRS Employer
 Identification No.)
48 South
 Service Road, Melville,
New York
11747
(Address
 of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code
(631) 465-3600
Not Applicable
Former Name or Former Address, if Changed Since Last Report
Check the
 appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
 the filing obligation of the registrant under any of the following provisions:
[  ]
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))
Item 5.02
Departure
 of Directors or Certain Officers; Election of Directors; Appointment of Certain
 Officers; Compensatory Arrangements of Certain Officers.
Item 5.02 (f)
Determination of Cash Bonus Awards for
 Fiscal Year 2008
On August 26, 2008, the Compensation
 Committee of the Board of Directors of Park Electrochemical Corp. (the "Company")
 approved cash bonus awards for the Company's executive officers identified
 below for the fiscal year ended March 2, 2008. Other compensation for fiscal year
 2008 was previously reported by the Company in the Summary Compensation Table beginning
 on page 9 of the definitive proxy statement, dated June 24, 2008, for its 2008 Annual
 Meeting of Shareholders (filed with the Securities and Exchange Commission on June
 24, 2008) (the "Proxy Statement"). As of the filing of the Proxy Statement, cash
 bonuses for executive officers had not been determined and, therefore, were omitted
 from the Summary Compensation Table included in the Proxy Statement. Pursuant to
 Item 5.02 (f) of Form 8-K, the cash bonus awards for the named executive officers
 for fiscal year 2008 are set forth below.
Fiscal 2008
Name and Principal Position
Cash Bonus Award
Total Compensation
P. Matthew Farabaugh
$
10,000
$
75,656
Vice President and Controller
Stephen
 E. Gilhuley
$
70,000
$
368,091
Executive Vice President,
Secretary and General Counsel
Anthony
 W. DiGaudio
$
50,000
$
262,718
Vice President of Marketing and Sales
Louis J.
 Stans
$
35,000
$
214,504
Vice President of Engineering,
Quality and Research and
Development
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SIGNATURE
Pursuant
 to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
 caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PARK ELECTROCHEMICAL CORP.
Date: September 2, 2008
By:
/s/ Stephen E. Gilhuley
Name:
Stephen E. Gilhuley
Title:
Executive Vice President,
Secretary and General Counsel
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