<html>
<head><title>
Prepared and filed by St Ives Financial
</title>
</head>
<body bgcolor="#FFFFFF">
<page>
<p align="center"><b><font face="serif" size="4">UNITED STATES</font></b><br>
<b><font face="serif" size="4">SECURITIES AND EXCHANGE COMMISSION</font></b><br>
<font size="2" face="serif"><b>WASHINGTON, DC 20549</b></font></p>
<p align="center"><b><font face="serif" size="4">FORM 8-K</font></b></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT</b></font></p>
<p align="center"><font size="2" face="serif"><b>Pursuant to Section&nbsp;13 or 15(d) of the</b></font><br>
<font size="2" face="serif"><b>Securities Exchange Act of 1934</b></font></p>
<p align="center"><b><font face="serif" size="2">Date of report (Date of earliest event reported): October 2, 2006</font></b></p>
<p align="center"><b><u><font face="serif" size="4">TB WOOD'S CORPORATION</font></u></b><br>
<b><font face="serif" size="2">(Exact name of Registrant as Specified in Its Charter)</font></b></p>
<table width="100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr valign="top">
<td width="33%" align="left"></td>
<td colspan="7" align="left"></td>
<td width="33%" align="left"></td>
</tr>
<tr valign="top" bgcolor="#ffffff">
<td width="33%" align="center"><font size="2" face="serif"><b><font face="serif" size="2">DELAWARE</font></b></font></td>
<td colspan="7" align="center"><font size="2" face="serif"><b><font face="serif" size="2">1-14182</font></b></font></td>
<td width="33%" align="center"><font size="2" face="serif"><b><font face="serif" size="2">25-1771145</font></b></font></td>
</tr>
<tr valign="top" bgcolor="#FFFFFF">
<td width="33%" align="center"><font size="2" face="serif"><b><font face="serif" size="2">(State or Other Jurisdiction</font></b></font><br>
  <font size="2" face="serif"><b><font face="serif" size="2">of Incorporation)</font></b></font></td>
<td colspan="7" align="center"><font size="2" face="serif"><b><font face="serif" size="2">(Commission </font></b></font><br><font size="2" face="serif"><b><font face="serif" size="2">File Number)</font></b></font></td>
<td width="33%" align="center"><font size="2" face="serif"><b><font face="serif" size="2">(IRS Employer</font></b></font><br>
  <font size="2" face="serif"><b><font face="serif" size="2">Identification No.)</font></b></font></td>
</tr>
</table>
<p align="center"><b><u><font face="serif" size="2">440 NORTH FIFTH AVENUE, CHAMBERSBURG, PA 17201</font></u></b><br>
<b><font face="serif" size="2">(Address of Principal Executive Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</font></b></p>
<p align="center"><b><font face="serif" size="2">Registrant&#146;s telephone number, including area code: <u>717-264-7161</u></font></b></p>
<p align="center"><b><u><font face="serif" size="2">No Change</font></u></b><br>
<b><font face="serif" size="2">(Former Name or Former Address, if Changed Since Last Report)</font></b></p>
<p align="left"><font face="serif" size="2">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):</font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="5%"><font size="2" face="serif"><font face="serif" size="1"><img src="emptybox.gif"></font></font></td>
<td align="left"><font size="2" face="serif"><font face="serif" size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="5%"><font size="2" face="serif"><font face="serif" size="1"><img src="emptybox.gif"></font></font></td>
<td align="left"><font size="2" face="serif"><font face="serif" size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="5%"><font size="2" face="serif"><font face="serif" size="1"><img src="emptybox.gif"></font></font></td>
<td align="left"><font size="2" face="serif"><font face="serif" size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="5%"><font size="2" face="serif"><font face="serif" size="1"><img src="emptybox.gif"></font></font></td>
<td align="left"><font size="2" face="serif"><font face="serif" size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></font></td>
</tr>
</table>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="left"><font size="2" face="serif"><b>Item 5.02. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS</b></font></p>
<p align="left"><font size="2" face="serif">On October 2, 2006, the Company issued a press release announcing that Company Chairman, Thomas C. Foley, has been sworn-in as United States Ambassador to Ireland.  In order to assume his duties as Ambassador, Mr. Foley has resigned as Chairman and Director of the Company.  Director G. John Krediet will replace Mr. Foley as Chairman.   </font></p>
<p align="left"><font size="2" face="serif"><b>ITEM 9.01.  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL STATEMENTS</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>(c)&nbsp;&nbsp;&nbsp;  Exhibits</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp; Press Release of the Company dated October 2, 2006 announcing the resignation of Chairman Thomas C. Foley and appointment of Director G. John Krediet as Chairman.</font></p>
<p align="left"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p align="left"><font size="2" face="serif">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.</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%">&nbsp;</td>
    <td><font size="2" face="serif"><b><u>TB WOOD'S
    CORPORATION</u></b></font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>(Registrant)</b></font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"><font size="2" face="serif"><b>Date: <u>October 2, 2006</u></b></font></td>
    <td><font size="2" face="serif"><b>By <u>/s/
    Joseph C. Horvath</u></b></font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td><font size="2" face="serif"><b>Vice President-Finance</b></font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td><font size="2" face="serif"><b>(Principal
    Financial and Accounting Officer)</b></font></td>
  </tr>
</table>
<hr noshade align="center" width="100%" size="2">
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "b415123_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 7568}]
{"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": "061123333"}, "business-address": {"street1": "440 N FIFTH AVE", "city": "CHAMBERSBURG", "state": "PA", "zip": "17201", "phone": "7172647161"}}
Prepared and filed by St Ives Financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 2, 2006
TB WOOD'S CORPORATION
(Exact name of Registrant as Specified in Its Charter)
DELAWARE
1-14182
25-1771145
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
440 NORTH FIFTH AVENUE, CHAMBERSBURG, PA 17201
(Address of Principal Executive Offices)          (Zip Code)
Registrant's telephone number, including area code:
717-264-7161
No Change
(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 (
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))
Item 5.02.      DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On October 2, 2006, the Company issued a press release announcing that Company Chairman, Thomas C. Foley, has been sworn-in as United States Ambassador to Ireland.  In order to assume his duties as Ambassador, Mr. Foley has resigned as Chairman and Director of the Company.  Director G. John Krediet will replace Mr. Foley as Chairman.
ITEM 9.01.       FINANCIAL STATEMENTS
(c)     Exhibits
99.1    Press Release of the Company dated October 2, 2006 announcing the resignation of Chairman Thomas C. Foley and appointment of Director G. John Krediet as Chairman.
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.
TB WOOD'S
    CORPORATION
(Registrant)
Date:
October 2, 2006
By
/s/
    Joseph C. Horvath
Vice President-Finance
(Principal
    Financial and Accounting Officer)