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 24, 2010      

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:

¨ 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.

Park Electrochemical Corp. (the "Company") issued a news release on June 24, 2010 reporting its results of operations for its 2011 fiscal year first quarter ended May 30, 2010. 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 24, 2010

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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 24, 2010	By:	/s/ David R. Dahlquist
	Name:	David R. Dahlquist
	Title:	Vice President and Chief Financial
		Officer

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EXHIBIT INDEX

Number
Exhibit	Description	Page
99.1	News Release dated June 24, 2010	5

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EX-99.1

Exhibit 99.1

	NEWS RELEASE
Contact: Martina Bar Kochva	48 South Service Road
	Melville, NY 11747
	(631) 465-3600

PARK ELECTROCHEMICAL CORP.  REPORTS FIRST QUARTER RESULTS

Melville, New York, Thursday, June 24, 2010......Park Electrochemical Corp. (NYSE-PKE) reported sales of $59,026,000 for its 2011 fiscal year first quarter ended May 30, 2010 compared to sales of $36,697,000 for the first quarter of last year.

Park reported net earnings of $9,869,000 for the first quarter ended May 30, 2010 compared to net earnings of $3,074,000 for last year’s first quarter.  Park's basic and diluted earnings per share were $0.48 for the first quarter ended May 30, 2010 compared to basic and diluted earnings per share of $0.15 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 (877) 685-2329 in the United States and Canada and (706) 634-2174 in other countries and the required passcode is 83419606.

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 Tuesday, June 29, 2010.  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 83419606 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, parts and assemblies 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 design and 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 website at www.parkelectro.com.

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

	13 Weeks Ended
	5/30/10		5/31/09
Sales	$	59,026	$	36,697
Net Earnings	$	9,869	$	3,074
Basic and Diluted Earnings Per Share:	$	0.48	$	0.15
Weighted Average Shares Outstanding:
Basic		20,561		20,471
Diluted		20,608		20,482

The comparative balance sheets (in thousands):

	5/30/10		2/28/10
	(unaudited)
Assets
Current Assets
Cash and Marketable Securities	$	244,485	$	237,840
Accounts Receivable, Net		36,055		31,698
Inventories		14,053		11,973
Other Current Assets		2,708		1,167
Total Current Assets		297,301		282,678
Fixed Assets, Net		43,797		44,905
Other Assets		16,984		15,521
Total Assets	$	358,082	$	343,104
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable	$	11,922	$	10,201
Accrued Liabilities		8,999		7,301
Income Taxes Payable		5,640		4,140
Total Current Liabilities		26,561		21,642
Deferred Income Taxes		1,398		1,398
Other Liabilities		3,911		3,966
Total Liabilities		31,870		27,006
Stockholders’ Equity		326,212		316,098
Total Liabilities and Stockholders' Equity	$	358,082	$	343,104
Equity Per Share	$	15.87	$	15.40

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Detailed operating information (in thousands - unaudited):

	13 Weeks Ended
	5/30/10			5/31/09
Net Sales	$	59,026		$	36,697
Cost of Sales		38,863			27,489
%		65.8	%		74.9	%
Gross Profit		20,163			9,208
%		34.2	%		25.1	%
Selling, General and Administrative Expenses		7,762			5,917
%		13.2	%		16.1	%
Earnings from Operations		12,401			3,291
%		21.0	%		9.0	%
Interest Income		76			688
%		0.1	%		1.8	%
Earnings before Income Taxes		12,477			3,979
%		21.1	%		10.8	%
Income Tax Provision		2,608			905
Effective Tax Rate		20.9	%		22.7	%
Net Earnings		9,869			3,074
%		16.7	%		8.4	%

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