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):    June 30, 2009

PARK ELECTROCHEMICAL CORP.

(Exact Name of Registrant as Specified in Charter)

New York	1-4415	11-1734643
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

48 South Service Road, Melville, New York	11747
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code     (631) 465-3600

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 2.02 Results of Operations and Financial Condition.

Park Electrochemical Corp. (the "Company") issued a news release on June 30, 2009 reporting its results of operations for its 2010 fiscal year first quarter ended May 31, 2009. The Company is furnishing the news release to the Securities and Exchange Commission pursuant to Item 2.02 of Form 8-K as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(c)  Exhibits.

99.1  News Release dated June 30, 2009

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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: June 30, 2009	By:	/s/ P. Matthew Farabaugh
	Name:	P. Matthew Farabaugh
	Title:	Vice President and Controller

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EXHIBIT INDEX

Number Exhibit	Description	Page
99.1	News Release dated June 30, 2009	5

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EX-99.1

Exhibit 99.1

	NEWS RELEASE
Contact:Karen Maffucci	48 South Service Road
	Melville, NY 11747
	(631) 465-3600

PARK ELECTROCHEMICAL REPORTS FIRST QUARTER RESULTS

Melville, New York, June 30, 2009......Park Electrochemical Corp. (NYSE-PKE) reported sales of $36,697,000 for its 2010 fiscal year first quarter ended May 31, 2009 compared to sales of $59,800,000 for the first quarter of last year.

Park reported net earnings of $3,074,000 for the first quarter ended May 31, 2009 compared to net earnings of $7,557,000 for last year’s first quarter.  Park's basic and diluted earnings per share were $0.15 for the first quarter ended May 31, 2009 compared to basic and diluted earnings per share of $0.37 for last year’s first quarter.  The gross profit as a percentage of sales was 25.1% for the first quarter ended May 31, 2009 compared to 24.4% for last year’s first quarter. Interest income was $688,000 for the first quarter ended May 31, 2009 compared to $1,672,000 for last year’s first quarter.

The Company will conduct a conference call to discuss its financial results at 11:00 a.m. EDT today.  Forward-looking and other material information may be discussed in this conference call.  The conference call dial-in number is (866) 393-8397 in the United States and Canada and (706) 902-3776 in other countries and the required passcode is 16180363.

For those unable to listen to the call live, a conference call replay will be available from approximately 2:00 p.m. EDT today through 11:59 p.m. EDT on Saturday, July 4, 2009.  The conference call replay can be accessed by dialing (800) 642-1687 in the United States and Canada and (706) 645-9291 in other countries and entering passcode 16180363 or on the Company's web site at www.parkelectro.com/investor/investor.html.

Any additional material financial or statistical data disclosed in the conference call will also be available at the time of the conference call on the Company’s web site at www.parkelectro.com/investor/investor.html.

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials and parts principally for the aerospace markets.  Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. Park also specializes in the manufacture of complex composite aircraft and space vehicle parts.  The Company’s manufacturing facilities are located in Singapore, China, France, Connecticut, Kansas, Arizona, California and Washington.

Additional corporate information is available on the Company’s web site at www.parkelectro.com.

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The performance table (in thousands, except per share amounts–unaudited):

	13 Weeks Ended
	5/31/09		6/01/08
Sales	$	36,697	$	59,800
Net Earnings	$	3,074	$	7,557
Basic and Diluted Earnings Per Share:	$	0.15	$	0.37
Weighted Average Shares Outstanding:
Basic		20,471		20,366
Diluted		20,482		20,430

The comparative balance sheets (in thousands):

	5/31/09		3/01/09
	(unaudited)
Assets
Current Assets
Cash and Marketable Securities	$	229,826	$	225,294
Accounts Receivable, Net		20,920		22,433
Inventories		11,210		10,677
Other Current Assets		3,454		5,527
Total Current Assets		265,410		263,931
Fixed Assets, Net		47,953		48,777
Other Assets		14,623		14,871
Total Assets	$	327,986	$	327,579
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable	$	7,368	$	8,480
Accrued Liabilities		10,292		11,425
Income Taxes Payable		5,301		4,381
Total Current Liabilities		22,961		24,286
Deferred Income Taxes		3,926		3,927
Other Liabilities	3,404		3,657
Total Liabilities		30,291		31,870
Stockholders’ Equity		297,695		295,709
Total Liabilities and Stockholders' Equity	$	327,986	$	327,579
Equity Per Share	$	14.54	$	14.45

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Detailed operating information (in thousands - unaudited):

	13 Weeks Ended
	5/31/09		6/01/08
Net Sales	$	36,697	$	59,800
Cost of Sales		27,489		45,227
%		74.9%		75.6%
Gross Profit		9,208		14,573
%		25.1%		24.4%
Selling, General and Administrative
Expenses		5,917		6,334
%		16.1%		10.6%
Earnings from Operations		3,291		8,239
%		9.0%		13.8%
Interest Income		688		1,672
%		1.8%		2.8%
Earnings before Income Taxes		3,979		9,911
%		10.8%		16.6%
Income Tax Provision		905		2,354
Effective Tax Rate		22.7%		23.8%
Net Earnings		3,074		7,557
%		8.4%		12.6%

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