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: July 01, 2010 (Date of earliest event reported)
Hawk Corporation (Exact name of registrant as specified in its charter)
OH (State or other jurisdiction of incorporation)	001-13797 (Commission File Number)	34-1608156 (IRS Employer Identification Number)
200 Public Square, Suite 1500 (Address of principal executive offices)		44114 (Zip Code)
216-861-3553 (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:

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 July 1, 2010, Hawk Corporation isssued a press release announcing that it has commenced a process to explore and consider strategic alternatives, including a possible sale of the Company. A copy of the press release issued by the Company is attached as Exhibit 99.1 to this report.

The press release includes forward-looking statements within the meaning of the federal securities laws with respect to the Company's future operations and, as such, concerns matters that are not historical facts. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in such statements. Reference is made to Hawk's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2009, its quarterly reports on Form 10-Q, and other periodic filings for description of the foregoing and other factors that could cause actual results to differ materially from those in the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update any forward-looking statement, whether as a result of new information future events or otherwise.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits
            99.1       Press Release of Hawk Corporation dated July 01, 2010

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.

Dated: July 01, 2010
HAWK CORPORATION By:  /s/ Thomas A. Gilbride                    
     Thomas A. Gilbride
     Vice President - Finance and Treasurer

Exhibit Index
Exhibit No.	Description
99.1	Press Release of Hawk Corporation dated July 01, 2010

EX-99

Hawk Corporation to Consider Strategic Alternatives

CLEVELAND, OH -- (Marketwire - July 01, 2010) - Hawk Corporation (NYSE Amex: HWK) announced today that to enhance stockholder value, its Board of Directors has commenced a process to explore and consider possible strategic alternatives, including a possible sale of the Company. A Special Committee of the Board has been formed and has retained Harris Williams & Co., as its financial advisor to assist and advise the Special Committee.

Ronald E. Weinberg, Chairman and Chief Executive Officer, said, "We believe that this is an opportune time for us to explore alternatives for enhancing stockholder value. However, as we participate in this process, we will continue to focus on the long-term strategic initiatives we have previously identified to ensure continued growth opportunities for the Company."

The Company has not set a definitive timetable for completion of its evaluation and there can be no assurance that this process will lead to the approval or completion of any definitive agreement or other transaction. Hawk does not intend to disclose developments regarding this process unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives. Management of the Company has not scheduled a conference call in conjunction with this announcement.

The Company
Hawk Corporation is a leading supplier of friction materials for brakes, clutches and transmissions used in airplanes, trucks, construction and mining equipment, farm equipment, recreational and performance automotive vehicles. The Company also manufactures fuel cell components. Headquartered in Cleveland, Ohio, Hawk has approximately 1,200 employees at 12 manufacturing, research, sales and international rep offices and administrative sites in 6 countries.

Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements are based upon management's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company and which could cause actual results to differ materially from such statements. These risks and uncertainties include the Company's ability to enter into or consummate a transaction as a result of the exploration and consideration of possible strategic alternatives or the Company's ability to enhance stockholder value through this process.

Actual results and events may differ significantly from those projected in the forward-looking statements. Reference is made to Hawk's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2009, its quarterly reports on Form 10-Q, and other periodic filings, for a description of the foregoing and other factors that could cause actual results to differ materially from those in the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise

Contact Information
Ronald E. Weinberg
(216) 861-3553

Thomas A. Gilbride
(216) 861-3553

Hawk Corporation is online at: http://www.hawkcorp.com/