<SEC-DOCUMENT>0001299933-11-001837.txt : 20110617
<SEC-HEADER>0001299933-11-001837.hdr.sgml : 20110617
<ACCEPTANCE-DATETIME>20110617091329
ACCESSION NUMBER:		0001299933-11-001837
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110617
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20110617
DATE AS OF CHANGE:		20110617

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Woodward, Inc.
		CENTRAL INDEX KEY:			0000108312
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL INDUSTRIAL APPARATUS [3620]
		IRS NUMBER:				361984010
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08408
		FILM NUMBER:		11917083

	BUSINESS ADDRESS:	
		STREET 1:		5001 N SECOND ST
		STREET 2:		P O BOX 7001
		CITY:			ROCKFORD
		STATE:			IL
		ZIP:			61125-7001
		BUSINESS PHONE:		970-482-5811

	MAIL ADDRESS:	
		STREET 1:		1000 EAST DRAKE ROAD
		CITY:			FORT COLLINS
		STATE:			CO
		ZIP:			80525

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WOODWARD GOVERNOR CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<DESCRIPTION>LIVE FILING
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<TITLE> Woodward, Inc.  (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	June 17, 2011
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	Woodward, Inc.
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	Delaware
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	0-8408
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	36-1984010
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	1000 East Drake Road, Fort Collins, Colorado
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	80525
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	970-482-5811
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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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:</FONT>
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[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</FONT>

<P align="left" style="font-size: 12pt">On June&nbsp;17, 2011, Woodward, Inc. (the &#147;Company&#148;) issued a news release to announce that Sagar A.
Patel, age 45, will join the Company as President, Aircraft Turbine Systems, effective June&nbsp;27,
2011. In connection with his employment at the Company, the Board of Directors intends to appoint
Mr.&nbsp;Patel as an executive officer of the Company.


<P align="left" style="font-size: 12pt">Mr.&nbsp;Patel served at General Electric for 18&nbsp;years, most recently as the President, Mechanical
Systems, GE Aviation, from March&nbsp;2009 to June&nbsp;2010. He served as President, Aerostructures, GE
Aviation from July&nbsp;2008 to March&nbsp;2009 and as President and General Manager, MRA Systems, Inc., BE
Aircraft Engines, from October&nbsp;2005 to June&nbsp;2008. Mr.&nbsp;Patel holds a bachelor&#146;s degree in
Engineering, Controls and Instrumentation from Gujarat University in India and a Master&#146;s Degree in
Electrical Engineering from the University of Pittsburgh.


<P align="left" style="font-size: 12pt">The Company entered into a compensatory arrangement with Mr.&nbsp;Patel whereby his annual base salary
will be $350,000 and his annual incentive pay target will be 60% of his base pay. Mr.&nbsp;Patel&#146;s
target participation level in the Company&#146;s Long Term Incentive Plan will be 35%. Mr.&nbsp;Patel will
receive a cash sign on bonus of $375,000. He will receive 25,000 stock options upon his date of
hire and will be eligible for future stock options. The Company will also enter into a change in
control agreement with Mr.&nbsp;Patel in substantially the same form as the change in control agreements
entered into with the Company&#146;s other corporate officers and attached as Exhibit&nbsp;10.2 to the
Company&#146;s Current Report on Form 8-K filed on December&nbsp;18, 2009. The Company will also provide Mr.
Patel with a comprehensive relocation package for his move to the Rockford, Illinois area,
including, moving expenses, temporary living expenses, interim living arrangements at the Company&#146;s
condominium in Rockford, Illinois, assistance in the sale of Mr.&nbsp;Patel&#146;s home and the option of a
guaranteed offer on his current residence.


<P align="left" style="font-size: 12pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure.</B>


<P align="left" style="font-size: 12pt">A copy of the news release announcing the matters described in Item&nbsp;5.02 of this report is
furnished herewith as Exhibit&nbsp;99.1.



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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
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	Woodward, Inc.
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	June 17, 2011
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	By:
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	A. Christopher Fawzy
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	Name: A. Christopher Fawzy
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	Title: Corporate Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary
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	Exhibit&nbsp;Index
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	Exhibit No.
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	99.1
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Press Release of Woodward, Inc., dated June 17, 2011
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 18pt"><B>EXHIBIT 99.1</B></FONT>



<P align="left" style="font-size: 18pt"><FONT style="font-size: 28pt">News Release
</FONT>

<P align="left" style="font-size: 28pt"><FONT style="font-size: 9pt">Woodward, Inc.
<BR>
1000 East Drake Road
<BR>
Fort Collins, Colorado 80525, USA
<BR>
Tel: 970-482-5811
<BR>
Fax: 970-498-3058
</FONT>

<P align="left" style="font-size: 9pt"><FONT style="font-size: 12pt">FOR IMMEDIATE RELEASE
</FONT>
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<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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    <TD align="left" valign="top">CONTACT:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Rose Briani-Burden<BR>
Business Communications<BR>
815-639-6282</DIV></TD>
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<P align="center" style="font-size: 12pt"><B>Woodward Names Patel to Executive Staff</B>



<P align="left" style="font-size: 12pt">Fort Collins, Colo., June&nbsp;17, 2011&#151;Woodward, Inc. (NASDAQ:WWD) today announced that Sagar Patel,
45, will join Woodward on June&nbsp;27, 2011 as President, Aircraft Turbine Systems. The Woodward Board
of Directors intends to appoint Mr.&nbsp;Patel as an executive officer of the company.


<P align="left" style="font-size: 12pt">Mr.&nbsp;Patel will be located at the company&#146;s Rockford, Illinois facility and will report to Tom
Gendron, Chairman of the Board and Chief Executive Officer.


<P align="left" style="font-size: 12pt">Mr.&nbsp;Patel will have overall responsibility for leading Aircraft Turbine Systems as it focuses on
managing future growth, supporting current business opportunities, and enhancing customer support
and service.


<P align="left" style="font-size: 12pt">&#147;We are extremely pleased to have a person of Sagar&#146;s caliber join Woodward. As a seasoned
aerospace executive, he will bring a wide range of leadership experience in engineering, quality,
operations, customer service, and Six Sigma and Lean implementation,&#148; says Mr.&nbsp;Gendron.


<P align="left" style="font-size: 12pt">Mr.&nbsp;Patel will be joining Woodward from General Electric, where he served most recently as
President, Mechanical Systems, GE Aviation. During his 18-year tenure at GE, Mr.&nbsp;Patel led start-up
efforts for new businesses, managed operations teams and multiple P&Ls, formed global partnerships,
drove Six Sigma and Lean initiatives, participated in integration and divestiture activities, and
won several leadership awards for outstanding performance. In addition, Mr.&nbsp;Patel brings experience
in Power Generation and Locomotive markets to Woodward.


<P align="center" style="font-size: 12pt"><I>-more-</I>



<P align="left" style="font-size: 12pt">Mr.&nbsp;Patel holds a bachelor&#146;s degree in Engineering, Controls and Instrumentation from Gujarat
University in India and a master&#146;s degree in Electrical Engineering from the University of
Pittsburgh.


<P align="left" style="font-size: 12pt">Mr.&nbsp;Patel will succeed Marty Glass, who recently accepted the position as President, Airframe
Systems based at the company&#146;s Skokie, Illinois facility.


<P align="left" style="font-size: 12pt"><B>About Woodward</B>
</FONT><BR>
<FONT style="font-size: 11pt">Woodward is an independent designer, manufacturer, and service provider of energy control and
optimization solutions used in global infrastructure equipment. We serve the aerospace and defense,
power generation and distribution, and transportation markets. Our systems and components optimize
the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas
and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The
company&#146;s innovative fluid energy, combustion control, electrical energy, and motion control
systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers
include leading original equipment manufacturers and end users of their products. Woodward is
headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com.
</FONT>

<P align="left" style="font-size: 11pt"><FONT style="font-size: 10pt">The statements in this release concerning the company&#146;s future sales, earnings, business
performance, prospects, and the economy in general reflect current expectations and are
forward-looking statements that involve risks and uncertainties, including Woodward&#146;s expectation
that Mr.&nbsp;Patel will join the company on June&nbsp;27, 2011 as President, Aircraft Turbine Systems, and
that the Woodward Board of Directors intends to appoint Mr.&nbsp;Patel as an executive officer of the
company. Actual results could differ materially from projections or any other forward-looking
statement and we have no obligation to update our forward-looking statements. Factors that could
affect performance and could cause actual results to differ materially from projections and
forward-looking statements are described in Woodward&#146;s Annual Report and Form 10-K for the year
ended September&nbsp;30, 2010 and any subsequently filed Quarterly Report on Form 10-Q.
</FONT>

<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><I>- end -</I></FONT>




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