<html>
<head><title>
Prepared and filed by St Ives Financial
</title>
</head>
<body bgcolor="#FFFFFF">
<page>
 <p align="center"><font size="2" face="serif"><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 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></p>
<p align="center"><font size="2" face="serif"><b>Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</b></font></p>
<p align="center"><font size="2" face="serif"><b>Date of Report (Date of Earliest Event Reported): August 29, 2005</b></font></p>
<p align="center"><b><font face="serif" size="5">PALL CORPORATION<br>
</font></b><font size="2" face="serif">(Exact name of registrant as specified in its charter)</font></p>
<table align="center" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="26%" align="center"><font size="2" face="serif"><b>New York</b></font></td>
    <td align="center"><font size="2" face="serif"><b>1- 4311</b></font></td>
    <td width="26%" align="left"><font size="2" face="serif"><b>11-1541330</b></font></td>
  </tr>
  <tr>
    <td><font size="2" face="serif">(State or other jurisdiction</font></td>
    <td align="center"><font size="2" face="serif">(Commission file number)</font></td>
    <td><font size="2" face="serif">(I.R.S. Employer</font></td>
  </tr>
  <tr>
    <td><font size="2" face="serif">of
incorporation)</font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">&nbsp;Identification No.)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="serif"><b>2200 Northern Boulevard, East Hills, NY</b></font></td>
    <td><font size="2" face="serif"><b>11548</b></font></td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="serif">(Address of principal executive offices)</font></td>
    <td><font size="2" face="serif">(Zip Code)</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="serif"><b>(516) 484-5400</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="serif">(Registrant&#146;s telephone number, including
    area code)</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="serif"><b>Not Applicable</b></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="3" align="center"><font size="2" face="serif">(Former name or former address, if changed
    since last report)</font></td>
  </tr>
</table>


<p align="left"><font size="2" face="serif">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): </font></p>
<div style="text-indent: 3%"><p align="left"><font size="2" face="serif"><img src="emptybox.gif"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></p>
</div><p align="center"><font face="serif" size="2"></font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p2"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="left"><font size="2" face="serif"><b><u>ITEM 1.01  Entry into a Material Definitive Agreement.</u></b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On August 29, 2005, the Compensation Committee of the Board of Directors of Pall Corporation (the &#8220;Registrant&#8221;) approved amendments to the Pall Corporation Supplementary Pension Plan as well as amendments to an Employment Agreement with Marcus Wilson, the Registrant&#8217;s president and chief financial officer.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Pall Corporation Supplementary Pension Plan was amended in several respects.  The first change was made in order to comply with the deferred compensation rules of section 409A of the Internal Revenue Code.  Specifically, any monthly pension payments that are delayed under this rule will be made on the date on which the required six-month delay period expires or, if the participant should die before then, within seven business days of the date on which the Registrant is notified in writing of the participant&#8217;s death.  Another change made to the plan allows for a person to become vested in the plan if they have been with the Registrant for more than twenty-five years, regardless of whether the person had
actually been a member of the plan for the five-year vesting period.  The last change made was to include additional retirement programs not previously within the scope of the Supplementary Pension Plan vested benefit calculation.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr. Wilson&#8217;s employment agreement was amended for three items.  The first item was to include a new subsection covering the calculation and payment of severance.  The second item was to provide that any payments to be made to him under the agreement upon his termination of employment would be delayed to the extent necessary to comply with the requirements of section 409A.  Any payments so delayed will be made to Mr. Wilson in a lump sum, with interest, as soon as permissible under section 409A.  The third item was added to address tax considerations with respect to section 4999 of the Internal Revenue Code.</font></p>
<p align="left"><font size="2" face="serif"><b><u>ITEM 9.01 Financial Statements and
    Exhibits.</u></b></b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="6%"><font size="2">(c)</font></td>
    <td><font size="2">Exhibits.</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2">See the Exhibit Index on the page following the signature
    page of this report.</font></td>
  </tr>
</table>
<p align="center"><font face="serif" size="2">2</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p3"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><u>SIGNATURES</u></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 thereunto duly authorized.</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="47%"><font size="2" face="serif">Pall Corporation</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">/s/ <u></u></font></td>
    <td><font size="2" face="serif"><u>LISA MCDERMOTT</u></font></td>
  </tr>
  <tr>
    <td><font size="2" face="serif">September 2, 2005</font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Lisa McDermott</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Vice President &#150; Finance</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Chief Accounting Officer</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center"><font face="serif" size="2">3</font>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<a name="p?"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><font size="2" face="serif"><b>INDEX TO EXHIBITS</b></font></p>
<p align="left"><font size="2" face="serif" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b></b></font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
  <tr valign="top">
    <td><font size="2" face="serif"><b>Exhibit<br>
    </b></font><font size="2" face="serif" align="left"><b><u>Number</u></b></font></td>
    <td>&nbsp;</td>
    <td align="left" valign="bottom"><font size="2" face="serif" align="left"><b><u>Description</u></b></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
<td width="7%" align="center"><font size="2" face="serif">10.1</font></td>
<td width="3%">&nbsp;</td>
<td align="left">
<font size="2" face="serif"> Pall Corporation Supplementary Pension Plan, as amended effective August 29, 2005.</font></td>
</tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
<td align="center"><font size="2" face="serif">&nbsp;10.2</font></td>
<td>&nbsp;</td>
<td align="left">
<font size="2" face="serif"> Amendment to Employment Agreement dated May 1, 2003, between the Registrant and Marcus Wilson.</font></td>
</tr>
</table>
<p align="center"><font face="serif" size="2">4</font></p>
<hr noshade align="center" width="100%" size="2">
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "b408663_8k.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 10136}]
{"company-data": {"conformed-name": "PALL CORP", "cik": "0000075829", "assigned-sic": "3569", "irs-number": "111541330", "state-of-incorporation": "NY", "fiscal-year-end": "0802"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04311", "film-number": "051067873"}, "business-address": {"street1": "2200 NORTHERN BLVD", "city": "EAST HILLS", "state": "NY", "zip": "11548", "phone": "5164845400"}, "mail-address": {"street1": "2200 NORTHERN BLVD", "city": "EAST HILLS", "state": "NY", "zip": "11548"}}
Prepared and filed by St Ives Financial
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 29, 2005
PALL CORPORATION
(Exact name of registrant as specified in its charter)
New York
1- 4311
11-1541330
(State or other jurisdiction
(Commission file number)
(I.R.S. Employer
of
incorporation)
Identification No.)
2200 Northern Boulevard, East Hills, NY
11548
(Address of principal executive offices)
(Zip Code)
(516) 484-5400
(Registrant's telephone number, including
    area code)
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 (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))
Back to Contents
ITEM 1.01  Entry into a Material Definitive Agreement.
On August 29, 2005, the Compensation Committee of the Board of Directors of Pall Corporation (the "Registrant") approved amendments to the Pall Corporation Supplementary Pension Plan as well as amendments to an Employment Agreement with Marcus Wilson, the Registrant's president and chief financial officer.
The Pall Corporation Supplementary Pension Plan was amended in several respects.  The first change was made in order to comply with the deferred compensation rules of section 409A of the Internal Revenue Code.  Specifically, any monthly pension payments that are delayed under this rule will be made on the date on which the required six-month delay period expires or, if the participant should die before then, within seven business days of the date on which the Registrant is notified in writing of the participant's death.  Another change made to the plan allows for a person to become vested in the plan if they have been with the Registrant for more than twenty-five years, regardless of whether the person had
actually been a member of the plan for the five-year vesting period.  The last change made was to include additional retirement programs not previously within the scope of the Supplementary Pension Plan vested benefit calculation.
Mr. Wilson's employment agreement was amended for three items.  The first item was to include a new subsection covering the calculation and payment of severance.  The second item was to provide that any payments to be made to him under the agreement upon his termination of employment would be delayed to the extent necessary to comply with the requirements of section 409A.  Any payments so delayed will be made to Mr. Wilson in a lump sum, with interest, as soon as permissible under section 409A.  The third item was added to address tax considerations with respect to section 4999 of the Internal Revenue Code.
ITEM 9.01 Financial Statements and
    Exhibits.
(c)
Exhibits.
See the Exhibit Index on the page following the signature
    page of this report.
2
Back to Contents
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 thereunto duly authorized.
Pall Corporation
/s/
LISA MCDERMOTT
September 2, 2005
Lisa McDermott
Vice President – Finance
Chief Accounting Officer
3
Back to Contents
INDEX TO EXHIBITS
Exhibit
Number
Description
10.1
Pall Corporation Supplementary Pension Plan, as amended effective August 29, 2005.
10.2
Amendment to Employment Agreement dated May 1, 2003, between the Registrant and Marcus Wilson.
4