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 (Date of earliest event reported):   March 12, 2008

North American Galvanizing & Coatings, Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-3920	71-0268502
(State or other	(Commission	(IRS Employer
jurisdiction	File Number)	Identification No.)
of incorporation)

5314 South Yale Avenue, Suite 1000, Tulsa, Oklahoma	74135
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (918) 494-0964

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:

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 March 12, 2008, North American Galvanizing & Coatings, Inc. issued a press release announcing an increase in share buyback.  A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits

Exhibits

99.1   Press Release of North American Galvanizing & Coatings, Inc. dated March 12, 2008

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.

	NORTH AMERICAN GALVANIZING & COATINGS, INC.
Date:  March 13, 2008	By:	/s/ Beth B. Hood
		Beth B. Hood
		Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.                                                                Description

99.1 Press release of North American Galvanizing & Coatings, Inc. dated March 12, 2008

EX-99.1

EXHIBIT 99.1

NEWS RELEASE

NORTH AMERICAN GALVANIZING & COATINGS, INC.

5314 South Yale Avenue, Suite 1000   Tulsa, OK 74135

(918) 494-0964    Fax: (918) 494-3999

FOR IMMEDIATE RELEASE   Contact: Beth B. HoodPhone: (918) 524-1512

North American Galvanizing & Coatings

Announces Increase in Share Buyback

Tulsa, Oklahoma, March 12,2008 – North American Galvanizing & Coatings, Inc. (NASDAQ: NGA) today announced that its Board of Directors has authorized the company to buy back an additional $2 million of its common stock, subject to market conditions.  The company expects to fund the new program through cash flow from operations.

NGA said that the $2 million share repurchase plan is in addition to the company’s 1988 buyback program, which has a remaining authorization of approximately $200,000.

Commenting on the share repurchase program, Ronald J. Evans, president and chief executive officer, said “The Company generated approximately $14.5 million in operating cash flow in 2007.  This cash was sufficient for our capital expenditure program and provided us the opportunity to pay off all outstanding bank debt, our primary goal.  Since February 2008, the Company has repurchased approximately 81,000 shares of its common stock in open market transactions.  This $2 million increase to our share buyback program provides additional authorized funds for future stock repurchases.”

North American Galvanizing is a leading provider of hot-dip galvanizing and coatings for corrosion protection of fabricated steel products. The Company conducts its galvanizing and coating business through a network of plants located in Canton, Ohio; Denver, Hurst (Dallas/Forth Worth), Houston, Kansas City, Louisville, Nashville, St. Louis and the Tulsa area. Hot-dip galvanizing provides metals corrosion protection for many product applications used in commercial, construction and industrial markets. Our home page is: www.nagalv.com.

Cautionary Statement. This press release may contain "forward-looking statements" as defined under U.S. securities laws, including, but not limited to, statements concerning the Company’s beliefs and expectations of future performance. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from such forward-looking statements and management's present expectations or projections. These risks and uncertainties include the risk factors described in the Company's SEC filings including the Company's Annual Report on Form 10- K filed with the Securities and Exchange Commission on March 7, 2008.  The Company cannot be assured that continuing zinc price increases will continue to be absorbed by the market.  These forward-looking statements are made as of the date of this press release.  The Company assumes no obligation to update or revise these statements or to provide reasons why actual results may differ.