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): February 13, 2012

Kaman Corporation

(Exact Name of Registrant as Specified in Its Charter)

Connecticut

(State or Other Jurisdiction of Incorporation)

0-1093	06-0613548
(Commission File Number)	(IRS Employer Identification No.)
1332 Blue Hills Avenue, Bloomfield, Connecticut	06002
(Address of Principal Executive Offices)	(Zip Code)

(860) 243-7100

(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):

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 8.01 Other Events.

On February 13, 2012, Kaman Corporation (NYSE: KAMN) issued a press release announcing a change to its policy for recognizing pension expense, which is provided as Exhibit 99.1 and incorporated herein by reference. Historically, for its non-contributory qualified defined benefit pension plan (“Qualified Pension Plan”), the Company used the market-related value of plan assets reflecting changes in the fair value of plan assets amortized over a four-year period. Under the new accounting method, the market-related value of plan assets reflects the actual change in the fair value of the plan assets for the year. While the historical policy of recognizing pension expense is acceptable under U.S. Generally Accepted Accounting Principles, the Company believes that the new policy is preferable as it eliminates the delay in recognition of the change in fair value of plan assets for the calculation of market-related value of plan assets. Kaman has applied this change retrospectively, adjusting prior periods.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following document is filed as Exhibits pursuant to Items 8.01 hereof:

Exhibit 99.1 - Press release dated February 13, 2012.

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.

KAMAN CORPORATION
By:	/s/ William C. Denninger
	William C. Denninger
	Senior Vice President and
	Chief Financial Officer

Date: February 13, 2012

KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit	Description
99.1	Press release dated February 13, 2012.	Attached

EX-99.1

Exhibit 99.1

Kaman Corporation

Bloomfield, CT

(860) 243-7100

KAMAN ANNOUNCES CHANGE IN PENSION ACCOUNTING

BLOOMFIELD, Connecticut (February 13, 2012) - Kaman Corporation (NYSE: KAMN) today announced that it is changing its policy for recognizing pension expense.

Previously, for its non-contributory qualified defined benefit pension plan (“Qualified Pension Plan”), the Company used a market-related value of plan assets reflecting changes in the fair value of plan assets amortized over a four-year period. Under the new accounting method, the market-related value of plan assets reflects the actual change in the fair value of the plan assets for the year. While the historical policy of recognizing pension expense is acceptable, the Company believes that the new policy is preferable as it eliminates the delay in recognition of the change in fair value of plan assets for the calculation of the market-related value of plan assets.

“The new method, adopted in the fourth quarter of 2011, will provide greater transparency to the Company's underlying operating results,” commented William Denninger, Senior Vice President and CFO. “This change will have no impact on the Company's cash flow or pension benefits for employees and retirees.”

The change in accounting has been applied retrospectively to prior periods. The new accounting policy has reduced net income previously reported for 2010 by approximately $2.7 million (or $0.11 per diluted share) and reported net income in 2009 by approximately $7.7 million (or $0.30 per diluted share). The impact on the three quarters already reported in 2011 has been an increase to net income of $1.8 million (or $0.07 per diluted share). The table below illustrates the quarterly effect on previously reported earnings per share for 2010 and 2011.

	2010										2011
	Q1		Q2		Q3		Q4		Full Yr.		Q1	Q2	Q3
Diluted EPS Impact
Diluted EPS - Previously Reported	0.07		0.23		0.61		0.56		1.47		0.52	0.50	0.47
Pension Change Adjustment	(0.03	)	(0.02	)	(0.03	)	(0.03	)	(0.11	)	0.02	0.03	0.02
Diluted EPS - Revised	0.04		0.21		0.58		0.53		1.36		0.54	0.53	0.49

As a result of this accounting change full year 2011 pension expense is now expected to be $3.9 million lower, on a pre-tax basis, than previous expectations. This will result in an anticipated increase to full year 2011 net earnings of $2.4 million (or $0.09 per diluted share).

The change in accounting will be applied retrospectively to the consolidated financial statements. The impact of all adjustments made to the consolidated financial statements will be summarized in the Notes to Consolidated Financial Statements in the Company's annual report on Form 10-K expected to be filed on February 27, 2012.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets.  The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters.  The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America.  Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry.  Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.  More information is available at www.kaman.com. 

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Contact: Eric Remington

VP, Investor Relations

(860) 243-6334

eric.remington@kaman.com