8-K

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)      May 14, 2009                                                  


                                                 HICKOK INCORPORATED                                                        
(Exact name of registrant as specified in its charter)

                 Ohio              
(State or other jurisdiction
of incorporation)
                 0-147                
(Commission
File Number)
         34-0288470      
(IRS Employer
Identification No.)

    10514 Dupont Avenue      Cleveland, Ohio                                                                                44108
    (Address of principal executive offices)                                                                             (Zip Code)


Registrant's telephone number, including area code         (216) 541-8060                                              


                                                                                                                                                                    
(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:

[  ] 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 May 14, 2009,  Hickok Incorporated issued a news release announcing results for its fiscal 2009 second quarter and six months ended March 31, 2009. The news release is furnished herewith as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits
              
              99.1  News Release, dated May 14, 2009

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.

HICKOK INCORPORATED                    

By:  /s/ Robert L. Bauman                        
Robert L. Bauman                            
   President and CEO                          

Date:    May 14, 2009

EXHIBIT  INDEX

            Exhibit                Description of Exhibit
           
            99.1                    News Release, dated May 14, 2009

EX-99.1 CHARTER

Exhibit 99.1

Contact: Robert L. Bauman
HICKOK INCORPORATED
10514 Dupont Avenue
Cleveland, Ohio 44108
216/541-8060
  May 14, 2009
FOR IMMEDIATE RELEASE

HICKOK INCORPORATED REPORTS SECOND QUARTER
AND FISCAL FIRST HALF RESULTS
CLEVELAND, OH, May 14  Hickok Incorporated (OTC Bulletin Board: HICKA.OB), a Cleveland based supplier of products and services for the automotive, emissions testing, locomotive, and aircraft industries, today reported operating results for the second quarter and six months ended March 31, 2009. 

For the quarter ended March 31, 2009, the Company recorded a net loss of $2,245,253 or $1.80 per share, compared with a net loss of $474,456 or 38 cents per share, in the same period a year ago. During the current quarter a valuation allowance of $1,645,200 was recorded against the deferred tax assets. Sales in the second quarter were $1,335,056 down 21% from $1,699,468 a year ago.

In the first fiscal half, the Company reported a net loss of $3,390,606 or $2.72 per share, compared with net income of $634,433 or 51 cents per share, in the same period a year ago. Sales were $2,494,119 down 72%, compared to $8,940,880 in last year's first half. During the current six month period a valuation allowance of $1,845,200 was recorded against the deferred tax assets. The prior year first half results were unusually strong due to shipments of equipment to customers participating in the California Evaporative Emissions Testing Program.

Robert L. Bauman, President and CEO, said that the second quarter and first half operating results were disappointing but not completely unexpected due to the automotive and economic crises nearly all companies in our business are experiencing. He went on to say, difficult times require difficult measures and we have laid off employees, reduced all employees' wages and stopped all but the most critical expenditures with a goal of surviving this difficult time. Incorporating a $1,645,200 valuation allowance on our books in the current quarter magnifies an already bad situation but management and the Company’s Board of Directors felt it was prudent under the current conditions. Our auditors concurred. This results in magnifying the loss but it doesn’t affect our cash availability. Further he said, several sizable projects with OEM's and emissions customers that had been delayed are about to result in substantial orders that are expected to help results in the fourth quarter.  He added that other signs seem to point that some of the Company’s markets have bottomed out and he was hopeful that an upturn was near.

Backlog at March 31, 2009 was $755,000, a decrease of 21% from the backlog of $957,000 a year earlier. The decrease was due primarily to decreased orders in automotive diagnostic products of approximately $104,000, specifically,  $186,000 for diagnostic products to the aftermarket which includes emissions products offset in part by an increase in orders for automotive diagnostic products to automotive OEM's of approximately $82,000.  In addition, indicator products decreased by approximately $98,000.The Company anticipates that most of the current backlog will be shipped in the last half of fiscal 2009.

The Company's financial position remains strong, with current assets of $4,322,711 that are 8.2 times current liabilities, and no long-term debt. Working capital at March 31, 2009 totaled $3,795,700 and shareholder's equity was $4,489,775 or $3.60 per share.

Hickok provides products and services primarily for the automotive, emissions testing, locomotive, and aircraft industries. Offerings include the development, manufacture and marketing of electronic and non-electronic automotive diagnostic products used for repair, emission testing, and nut-running electronic controls used in manufacturing processes. The Company also develops and manufactures indicating instruments for aircraft, locomotive and general industrial applications and provides repair training programs.

Certain statements in this news release, including discussions of management's expectations for fiscal 2009, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those anticipated as a result of risks and uncertainties which include, but are not limited to, Hickok's ability to effectively develop and market new products serving customers in the automotive aftermarket, overall market and industry conditions, the Company's ability to capitalize on market opportunities as well as the risks described from time to time in Hickok's reports as filed with the Securities and Exchange Commission.

HICKOK INCORPORATED
Consolidated Income Statement (Unaudited) 

	3 MONTHS		6 MONTHS
Period ended March 31	2009	2008	2009	2008
Net sales	$1,335,056	$1,699,468	$2,494,119	$8,940,880
Income (loss) before Income tax	(600,053)	(746,856)	(1,545,406)	1,007,033
Income (recovery of) taxes	1,645,200	(272,400)	1,845,200	372,600
Net income (loss)	(2,245,253)	(474,456)	(3,390,606)	634,433
Basic income (loss) per share	(1.80)	(.38)	(2.72)	.51
Diluted income (loss) per share	(1.80)	(.38)	(2.72)	.49
Weighted average shares outstanding	1,248,095	1,239,203	1,248,095	1,232,786