8-K

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: October 8, 2008

QUIXOTE CORPORATION

(Exact name of registrant as specified in its charter)

Commission file number 001-08123

DELAWARE	36-2675371
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
35 EAST WACKER DRIVE, CHICAGO, ILLINOIS	60601
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number including area code: (312) 467-6755

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 230.14a-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 5.02.  Departure of Directors or Principal Officers; Election of Directors.

At its meeting on October 8, 2008, the Board of Directors of Quixote Corporation (the “Registrant”) elected Victor Schwartz to the Company’s Board of Directors.  Mr. Schwartz will serve until the Annual Meeting of Stockholders to be held in the year 2009.  The Board of Directors has not elected Mr. Schwartz to any committees at this time.  Mr. Schwartz beneficially owns 28,000 shares of our common stock.

Mr. Schwartz is a partner in the Washington office of the Kansas City-based law firm of Shook, Hardy & Bacon L.L.P. and chairs its Public Policy Group which integrates government affairs, public relations and litigation.   Mr. Schwartz co-chairs the Civil Justice Task Force of the American Legislative Exchange Council and is a member of the American Law Institute.  He  also advises product manufacturers on liability issues.

Like all non-employee directors, Mr. Schwartz will receive an annual director’s fee of $20,000 plus meeting fees of $2,000 for the first day of every meeting, $1,000 for each consecutive meeting day thereafter, and $500 per day for every telephonic meeting plus expenses.  In addition, like all non-employee directors, Mr. Schwartz will be granted an annual option to acquire 5,000 shares of the Company’s common stock on the first Friday following the Company’s Annual Meeting pursuant to the Company’s 2001 Non-Employee Director Stock Option Plan (the “Plan”) at an exercise price equal to the Fair Market Value of the stock on the date of grant as set forth in the Plan.  The Company also maintains accidental death and disability insurance coverage in the amount of $500,000 on behalf of each non-employee director, payable to a beneficiary designated by the director.

In the last three years, the Mr. Schwartz has advised the Company from time to time on liability issues and has received fees for those services in an amount under $10,000.   The Board of Directors has determined that Mr. Schwartz satisfies the “independence” standard of the Nasdaq Stock Market Rules.

A copy of the press release is furnished herewith as Exhibit 99 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

The following Exhibits are included herein:

(d)	Exhibits
	99	Press Release issued by Quixote Corporation, dated October  10, 2008

2

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.

		QUIXOTE CORPORATION
DATE:	October 10, 2008	/s/ Daniel P. Gorey
		DANIEL P. GOREY
		Vice President, Chief Financial
		Officer and Treasurer
		(Chief Financial & Accounting
		Officer)

3

EX-99

Exhibit 99

For Immediate Release

FOR:	QUIXOTE CORPORATION
CONTACT:	Daniel P. Gorey	Investor Relations:
	Chief Financial Officer	Eric Boyriven/Bob Joyce
	Joan R. Riley	FD
	Director of Investor Relations	(212) 850-5600
	(312) 467-6755

QUIXOTE CORPORATION ELECTS VICTOR SCHWARTZ TO ITS BOARD OF DIRECTORS

                CHICAGO, IL, October 10, 2008 — Quixote Corporation (Nasdaq: QUIX) today announced that Victor Schwartz has been elected to the Company’s Board of Directors.  The election fills a vacancy that was created by the previously announced resignation of a board member in 2007.  The addition of Mr. Schwartz brings the number of Quixote board members to seven, five of whom are independent.

                Mr. Schwartz is a senior partner in the Washington office of the law firm of Shook, Hardy & Bacon L.L.P. and chairs its Public Policy Group.  Mr. Schwartz has extensive experience with legal government affairs, public relations and public policy issues and is counsel to many product manufacturers on major liability issues.  He is a member of the American Law Institute and co-chairs the Civil Justice Task Force of the American Legislative Exchange Council (ALEC).  ALEC is a group of over 2,500 state legislatures who frequently deal with crucial highway safety and other transportation issues.  He has served as Chairman of the Federal Inter-Agency Task Force on Product Liability at the Department of Commerce and has received the Secretary of Commerce’s Award for Professional Excellence.  Mr. Schwartz is co-author of the most widely used torts casebook in the United States, Prosser, Wade and Schwartz’s Torts (11^th ed. 2005).  He is also the author of the leading text, Comparative Negligence.

In light of his accomplishments, the Legal Times of Washington recently named Mr. Schwartz one of Washington’s Top 30 “Visionary” lawyers from over the past 30 years, the National Law Journal named him, for the third time, as one of the 100 most influential attorneys in the United States, and the Washingtonian magazine has twice named him one of the top government relations specialists in the Nation’s capital.  Mr. Schwartz holds a BA from Boston University and J.D. magna cum laude from Columbia Law School.

                Leslie J. Jezuit, Chairman and Chief Executive Officer, stated, “Victor is a valuable addition to our Board.  His special expertise in government affairs and public policy will be of tremendous value to Quixote, particularly as Congress turns its attention to a new Highway Bill and various public policy issues to reduce traffic congestion and improve safety.  We are very pleased to have him join our Board and look forward to working together as Quixote continues to execute its business plan.”

                Quixote Corporation, (www.quixotecorp.com), through its wholly-owned subsidiaries, Quixote Transportation Safety, Inc. and Quixote Transportation Technologies, Inc., is the world’s leading manufacturer of energy-absorbing highway crash cushions, electronic wireless measuring and sensing devices, weather forecasting stations, computerized highway advisory radio transmitting systems, flexible post delineators and other transportation safety products.

# # #

2