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<div align="center"><font face="Times New Roman" size="5"><b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION</b></font></div>
<div align="center"><font face="Times New Roman" size="2"><b>WASHINGTON, D.C. 20549</b></font></div>
<p align="center"><font face="Times New Roman" size="5"><b>FORM 8-K</b></font></p>
<p align="center"><font face="Times New Roman" size="3">CURRENT REPORT<br>PURSUANT TO SECTION 13 OR 15 (d) OF<br>THE SECURITIES EXCHANGE
 ACT OF 1934</font></p>
<p align="center"><font face="Times New Roman" size="2">Date of Report
 (Date of earliest event reported): December 11, 2008</font></p>
<div align="center"><font face="Times New Roman" size="5"><b>PARK ELECTROCHEMICAL CORP.</b></font></div>
<div align="center"><font face="Times New Roman" size="2">(Exact name of registrant as specified in its charter)</font></div>
<br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="15%" valign="bottom" align="center"><font face="Times New Roman" size="2"><b>New York</b></font></td>
<td width="5%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="15%" valign="bottom" align="center"><font face="Times New Roman" size="2"><b>1-4415</b></font></td>
<td width="5%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="15%" valign="bottom" align="center"><font face="Times New Roman" size="2"><b>11-1734643</b></font></td>
</tr>
<tr>
<td valign="bottom" align="center"><font face="Times New Roman" size="2">(State or other jurisdiction of</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2">(Commission File</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2">(I.R.S.
 Employer</font></td>
</tr>
<tr>
<td valign="bottom" align="center"><font face="Times New Roman" size="2">Incorporation)</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2">Number)</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="center"><font face="Times New Roman" size="2">Identification
 No.)</font></td>
</tr>
</table>
<p align="center"><font face="Times New Roman" size="2"><b>48 South Service Road<br>Melville, New York 11747<br></b>(Address of principal executive
 offices)</font></p>
<p align="center"><font face="Times New Roman" size="2"><b>(631) 465-3600
<br></b>(Registrant&#146;s telephone number, including area code)</font></p>
<p><font face="Times New Roman" 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:</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 valign="bottom" align="left"><font face="wingdings" size="2"><b>o</b></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">Written communications
 pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</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><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 valign="bottom" align="left"><font face="wingdings" size="2"><b>o</b></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">Soliciting
 material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</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><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 valign="bottom" align="left"><font face="wingdings" size="2"><b>o</b></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">Pre-commencement
 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2
 (b))</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><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td width="2%" align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="2%" valign="bottom" align="left"><font face="wingdings" size="2"><b>o</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">Pre-commencement
 communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4
 (c))</font></td>
</tr>
</table>
<page>

<p><font face="Times New Roman" size="2"><b>Item 1.01 &#150; Entry into a Material
 Definitive Agreement</b></font></p>
<p style="text-indent: 40px;"><font face="Times New Roman" size="2">On December
 11, 2008, Park Electrochemical Corp. (the &#147;Company&#148;) and Registrar and Transfer
 Company (the &#147;Rights Agent&#148;) entered into the First Amendment (the &#147;Amendment&#148;)
 to the Rights Agreement, dated as of July 20, 2005, between the Company and the
 Rights Agent (the &#147;Rights Agreement&#148;).</font></p>
<p style="text-indent: 40px;"><font face="Times New Roman" size="2">The Amendment
 changes the ownership threshold above which a person would considered an &#147;Acquiring
 Person&#148; under the Rights Agreement, subject to certain exceptions, from 15% to 20%.</font></p>
<p style="text-indent: 40px;"><font face="Times New Roman" size="2">The foregoing
 description of the Amendment does not purport to be complete and is qualified in its
 entirety by the full text of the Amendment which is attached hereto as Exhibit 4.1
 and incorporated herein by reference.</font></p>
<p><font face="Times New Roman" size="2"><b>Item 3.03 &#150; Material Modification
 to Rights of Security Holders.</b></font></p>
<p style="text-indent: 40px;"><font face="Times New Roman" size="2">The information
 set forth in Item 1.01 above in this Current Report is incorporated by reference
 herein.</font></p>
<p><font face="Times New Roman" size="2"><b>Item 9.01 &#150; Financial Statements
 and Exhibits.</b></font></p>
<p><font face="Times New Roman" size="2">(c)&#160;&#160;&#160;&#160;&#160;Exhibits.</font></p>
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<tr>
<td nowrap valign="bottom" align="left"><font face="Times New Roman" size="2">Exhibit No.</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">Description</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><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2">4.1</font></td>
<td width="2%"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2">First Amendment
 to Rights Agreement, dated as of December 11, 2008, between Park Electrochemical
 Corp. and Registrar and Transfer Company</font></td>
</tr>
</table>
<page>
<p align="center"><font face="Times New Roman" size="2"><b>SIGNATURE</b></font></p>
<p style="text-indent: 40px;"><font face="Times New Roman" size="2">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>
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<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 valign="bottom" colspan="3" align="left"><font face="Times New Roman" size="2">
PARK ELECTROCHEMICAL CORP.</font></td>
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<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>
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<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">Date: December 12, 2008</font></td>
<td width="2%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="2%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="3%" valign="bottom" align="left"><font face="Times New Roman" size="2">By:</font></td>
<td width="1%"><font face="Times New Roman" size="1">&#160;</font></td>
<td width="40%" valign="bottom" align="left"><font face="Times New Roman" size="2"><u>/s/ Stephen E. Gilhuley&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</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 valign="bottom" align="left"><font face="Times New Roman" size="2">Name:</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">Stephen E.
 Gilhuley</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 valign="bottom" align="left"><font face="Times New Roman" size="2">Title:</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">Executive
 Vice President, Secretary</font></td>
</tr>
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<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 valign="bottom" align="left"><font face="Times New Roman" size="2">and General
 Counsel</font></td>
</tr>
</table>
<page>
<p align="center"><font face="Times New Roman" size="2"><b>EXHIBIT INDEX</b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td nowrap valign="bottom" align="left"><font face="Times New Roman" size="2">Exhibit No.</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">Description</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><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td width="3%" valign="top" align="center"><font face="Times New Roman" size="2">4.1</font></td>
<td width="2%"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2">First Amendment
 to Rights Agreement, dated as of December 11, 2008, between Park Electrochemical
 Corp. and Registrar and Transfer Company</font></td>
</tr>
</table>
</body>
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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): December 11, 2008
PARK ELECTROCHEMICAL CORP.
(Exact name of registrant as specified in its charter)
New York
1-4415
11-1734643
(State or other jurisdiction of
(Commission File
(I.R.S.
 Employer
Incorporation)
Number)
Identification
 No.)
48 South Service Road
Melville, New York 11747
(Address of principal executive
 offices)
(631) 465-3600
(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:
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 1.01 – Entry into a Material
 Definitive Agreement
On December
 11, 2008, Park Electrochemical Corp. (the "Company") and Registrar and Transfer
 Company (the "Rights Agent") entered into the First Amendment (the "Amendment")
 to the Rights Agreement, dated as of July 20, 2005, between the Company and the
 Rights Agent (the "Rights Agreement").
The Amendment
 changes the ownership threshold above which a person would considered an "Acquiring
 Person" under the Rights Agreement, subject to certain exceptions, from 15% to 20%.
The foregoing
 description of the Amendment does not purport to be complete and is qualified in its
 entirety by the full text of the Amendment which is attached hereto as Exhibit 4.1
 and incorporated herein by reference.
Item 3.03 – Material Modification
 to Rights of Security Holders.
The information
 set forth in Item 1.01 above in this Current Report is incorporated by reference
 herein.
Item 9.01 – Financial Statements
 and Exhibits.
(c)     Exhibits.
Exhibit No.
Description
4.1
First Amendment
 to Rights Agreement, dated as of December 11, 2008, between Park Electrochemical
 Corp. and Registrar and Transfer Company
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: December 12, 2008
By:
/s/ Stephen E. Gilhuley
Name:
Stephen E.
 Gilhuley
Title:
Executive
 Vice President, Secretary
and General
 Counsel
EXHIBIT INDEX
Exhibit No.
Description
4.1
First Amendment
 to Rights Agreement, dated as of December 11, 2008, between Park Electrochemical
 Corp. and Registrar and Transfer Company