<PAGE>

                                 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



                                 July 24, 2006
                       (Date of earliest event reported)



                             TB WOOD'S CORPORATION
             (Exact name of registrant as specified in its charter)



      DELAWARE                          1-14182                25-1771145
(State of incorporation)               Commission            (IRS Employer
                                       File Number         Identification No.)

           440 NORTH FIFTH AVENUE, CHAMBERSBURG, PA            17201
           (Address of principal executive office)             (Zip Code)


                                  717-264-7161
              (Registrant's telephone number, including area code)

                                   No Change
        (Former name, former address and former fiscal year, 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))

<PAGE>

ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 24, 2006 the Company issued a press release reporting the results of the
second quarter 2006. All of the information furnished in this report and the
accompanying exhibit shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be
incorporated by reference in any Company filing under the Securities Act of
1933, as amended.

ITEM 9.01.  FINANCIAL STATEMENTS

         (c)  Exhibits

          99.1    Press Release of the Company reporting the results of the
                  second quarter 2006 dated July 24, 2006.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

TB WOOD'S CORPORATION


By /s/ Joseph C. Horvath
   ----------------------
Vice President-Finance
(Principal Financial and Accounting Officer)

Date:   July 25, 2006



<PAGE>



                                  EXHIBIT INDEX

Exhibit No.                        Description
-----------                        -----------

Exhibit 99.1     Press Release of the Company reporting the results of the
                 second quarter 2006
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{"company-data": {"conformed-name": "TB WOODS CORP", "cik": "0001000227", "assigned-sic": "3569", "irs-number": "251771145", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14056", "film-number": "06979855"}, "business-address": {"street1": "440 N FIFTH AVE", "city": "CHAMBERSBURG", "state": "PA", "zip": "17201", "phone": "7172647161"}}
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

                                 July 24, 2006
                       (Date of earliest event reported)

                             TB WOOD'S CORPORATION
             (Exact name of registrant as specified in its charter)

      DELAWARE                          1-14182                25-1771145
(State of incorporation)               Commission            (IRS Employer
                                       File Number         Identification No.)

           440 NORTH FIFTH AVENUE, CHAMBERSBURG, PA            17201
           (Address of principal executive office)             (Zip Code)

                                  717-264-7161
              (Registrant's telephone number, including area code)

                                   No Change
        (Former name, former address and former fiscal year, 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 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 24, 2006 the Company issued a press release reporting the results of the
second quarter 2006. All of the information furnished in this report and the
accompanying exhibit shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be
incorporated by reference in any Company filing under the Securities Act of
1933, as amended.

ITEM 9.01.  FINANCIAL STATEMENTS

         (c)  Exhibits

          99.1    Press Release of the Company reporting the results of the
                  second quarter 2006 dated July 24, 2006.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

TB WOOD'S CORPORATION

By /s/ Joseph C. Horvath
   ----------------------
Vice President-Finance
(Principal Financial and Accounting Officer)

Date:   July 25, 2006
EXHIBIT INDEX

Exhibit No.                        Description
-----------                        -----------

Exhibit 99.1     Press Release of the Company reporting the results of the
                 second quarter 2006