-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ESMsMYV2E9EEY74pEc33fg8PpBx6VM4FdTbRBWBmhcemUSgXe6cW+Vyv2R+DVYoW
 4iFONWbN1kSZLMXp/KYXOA==

<SEC-DOCUMENT>0000950152-07-006908.txt : 20070816
<SEC-HEADER>0000950152-07-006908.hdr.sgml : 20070816
<ACCEPTANCE-DATETIME>20070816060132
ACCESSION NUMBER:		0000950152-07-006908
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070815
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070816
DATE AS OF CHANGE:		20070816

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRAHAM CORP
		CENTRAL INDEX KEY:			0000716314
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560]
		IRS NUMBER:				161194720
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08462
		FILM NUMBER:		071061150

	BUSINESS ADDRESS:	
		STREET 1:		20 FLORENCE AVE
		STREET 2:		POST OFFICE BOX 719
		CITY:			BATAVIA
		STATE:			NY
		ZIP:			14020
		BUSINESS PHONE:		5853432216

	MAIL ADDRESS:	
		STREET 1:		20 FLORENCE AVENUE
		STREET 2:		POST OFFICE BOX 719
		CITY:			BATAVIA
		STATE:			NY
		ZIP:			14021-0719
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l27567ae8vk.htm
<DESCRIPTION>GRAHAM CORPORATION  8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Graham Corporation  8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="center" valign="top">Date of Report (Date of earliest event reported):
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top"><B>&nbsp;&nbsp;August&nbsp;15, 2007</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Graham Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-8462</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>16-1194720</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="66%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>20 Florence Avenue, Batavia, New York</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>14020</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="center" valign="top">Registrant&#146;s telephone number, including area code:
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;&nbsp;<B>(585)&nbsp;343-2216</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>N/A</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt">(Former name or former address, if changed since last report)</DIV>



<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 12pt">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:</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;5.02.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On August&nbsp;15, 2007, Graham Corporation (the &#147;Company&#148;) announced the appointment of Gerard
Mazurkiewicz, C.P.A., to its Board of Directors. This appointment, which is effective immediately,
increases the number of members of the Board of Directors from seven to eight. Mr.&nbsp;Mazurkiewicz
will serve on the Company&#146;s Audit Committee. Mr. Mazurkiewicz
will serve for a term expiring at the Company&#146;s 2008 Annual
Meeting of Stockholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Mazurkiewicz is a Tax Partner with Dopkins &#038; Company, LLP, a regional accounting firm
located in Western New York. Prior to Dopkins &#038; Company, Mr.&nbsp;Mazurkiewicz spent over 32&nbsp;years with
KPMG, LLP, and was most recently the Partner in Charge of KPMG&#146;s upstate New York/Albany tax
practice. Mr.&nbsp;Mazurkiewicz is also a member of the Board of Directors of Great Lakes Bancorp, Inc.
(NYSE: GLK), a bank holding company. In addition, he serves on the Board of Directors of Robert
James Sales, Inc., a privately-held manufacturer of stainless steel pipes, valves and fittings.
Mr.&nbsp;Mazurkeiwicz received his B.S. in Business Administration from the State University of New York
at Buffalo School of Management, where he currently serves as the Chairman of the Advisory Board
for the Center for Entrepreneurial Leadership. He is a member of the American Institute of
Certified Public Accountants and the Buffalo Chapter of the Society of Certified Public
Accountants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no arrangements or understandings between Mr.&nbsp;Mazurkiewicz and any other persons
with respect to his appointment as a director. Since April&nbsp;1, 2006 there have been no transactions,
nor are there any currently proposed transactions, to which the Company or any of its subsidiaries
was or is to be a party in which Mr.&nbsp;Mazurkiewicz, or any member of his immediate family, had, or
will have, a direct or indirect material interest.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon Mr.&nbsp;Mazurkiewicz&#146;s appointment to the Board of Directors, he became eligible to receive
equity and cash compensation in accordance with the Company&#146;s previously adopted compensation
arrangements for independent directors, as described in the section of the Company&#146;s 2007 proxy
statement dated June&nbsp;14, 2007 entitled &#147;Director Compensation Programs&#148;, which description is
incorporated herein by reference. In connection with such eligibility, on August&nbsp;15, 2007, the
Board of Directors awarded Mr.&nbsp;Mazurkiewicz a stock option for 2,000 shares under the 2000 Graham
Corporation Incentive Plan to Increase Shareholder Value. Such stock option has an exercise price
of $31.30 per share (that being that closing price of the Company&#146;s Common Stock on the
American Stock Exchange on the date of grant), vests 25% per year over four years and expires ten
years from the date of grant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s press release announcing the appointment of Mr.&nbsp;Mazurkiewicz to the Board of
Directors is attached to this Current Report on Form 8-K as Exhibit&nbsp;99.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01.&nbsp;&nbsp;Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Exhibits.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;No.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Description</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">Press Release dated August&nbsp;15, 2007 of Graham Corporation.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="50%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Graham Corporation</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:  August 15, 2007&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ J. Ronald Hansen
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">J. Ronald Hansen&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Vice President &#150; Finance &#038; Administration and
Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l27567aexv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;99.1
</DIV>


<DIV align="right" style="font-size: 12pt; margin-top: 12pt">News Release
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="l27567al2756790.jpg" alt="(GRAHAM)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Graham Corporation </B>20 Florence Avenue Batavia, NY 14020
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IMMEDIATE RELEASE
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>GRAHAM CORPORATION NAMES GERARD MAZURKIEWICZ, C.P.A.,<BR>
TO BOARD OF DIRECTORS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BATAVIA, NY, August&nbsp;15, 2007 &#151; Graham Corporation (AMEX: GHM) today announced that effective
immediately its Board of Directors has appointed Gerard Mazurkiewicz, C.P.A., a Tax Partner with
Dopkins &#038; Company, LLP, as a Director. Dopkins &#038; Company is a regional accounting firm located in
Western New York. The addition of Mr.&nbsp;Mazurkiewicz increases the number of Directors currently
serving on Graham&#146;s Board to eight.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Prior to his current role with Dopkins &#038; Company, Mr.&nbsp;Mazurkiewicz spent over 32&nbsp;years with KPMG,
LLP, most recently as the Partner in Charge of the Upstate New York/Albany Tax practice. He has
extensive experience in business consulting and succession planning services for a broad variety of
public and private companies. Mr.&nbsp;Mazurkiewicz is also a current member of the Board of Directors
of Great Lakes Bancorp, Inc. (NYSE: GLK) a bank holding company. He also serves on the Board of
Directors for Robert James Sales, Inc., a privately-held manufacturer of stainless steel pipes,
valves and fittings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Jerald Bidlack, Chairman of the Board of Directors for Graham, commented, &#147;We are pleased to
have Gerry join our Board. He brings a wealth of professional experience and knowledge that will
strengthen our financial expertise, and we look forward to the many contributions he will make as a
Director of Graham Corporation.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Mazurkeiwicz received his B.S. in Business Administration from the State University of New York
at Buffalo School of Management, where he currently serves as the Chairman of the Advisory Board
for the Center for Entrepreneurial Leadership. He is a member of the American Institute of
Certified Public Accountants and the Buffalo Chapter of the Society of Certified Public
Accountants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>ABOUT GRAHAM CORPORATION</B><BR>
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham
Corporation is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum
systems and heat exchangers. Over the past
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">71&nbsp;years, Graham Corporation has built a reputation for top quality, reliable products and
high-standards of customer service. The principal markets for Graham&#146;s equipment, sold either as
components or complete system solutions, are the petrochemical, oil refining and electric power
generation industries, including cogeneration and geothermal plants. Graham equipment can also be
found in diverse applications, such as metal refining, pulp and paper processing, ship-building,
water heating, refrigeration, desalination, food processing, drugs, heating, ventilating and air
conditioning.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Graham&#146;s reach spans the globe. Its equipment is installed in facilities from North and South
America to Europe, Asia, Africa and the Middle East. More information regarding Graham can be
found at its website:<BR>
www.graham-mfg.com
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Safe Harbor Statement</I></B><BR>
This press release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks,
uncertainties and assumptions. These risks and uncertainties, which are more fully described in
Graham&#146;s Annual and Quarterly Reports filed with the Securities and Exchange Commission,
include Graham&#146;s future performance, customer preferences and changes in market conditions in
the industries in which Graham operates. Should one or more of these risks or uncertainties
materialize, or should the assumptions prove incorrect, actual results may vary in material aspects
from those currently anticipated.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>For more information contact:</B><BR></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">J. Ronald Hansen, Vice President Finance and CFO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Deborah K. Pawlowski, Kei Advisors LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Phone: (585)&nbsp;343-2216
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Phone: (716)&nbsp;843-3908</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Email: <U>rhansen@graham-mfg.com</u>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Email: <U>dpawlowski@keiadvisors.com</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>l27567al2756790.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 l27567al2756790.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!0`24#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH
MHH`**J:AJ=EI=OY][<)"G;<>3]!WK'M?'.DWD_EPQ7C+G'F"W)4?7&2*ER2=
MFS>&'JU(\T8MHZ.BD5@ZAE.01D&EJC`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"LGQ
M#K]OX?T\SR_/,_$46>7/^`[UIRRI!"\TK!4C4LS'L!7G45U'JU]=^*M54FQL
MSLM8#_&W\*_U/N?:LYRMHCNP>'563E/X5^+Z+YE>YC"HNN>*6>>XG&;6P!QD
M>I_NK[5+-#>RV:7FO:@=)L6_U%E:C:S#V4?S-$$@@B;Q9KP$]Q.W^A6S=">Q
MQV4=OS[UJ:#X:N-;N/[<\1YE:3F&W;@`=B1V'H/SK!*[LOZ]3VZE6-./--V2
MTT[_`,L5MIU9F:9XE_LW<^DZ7J-Q;C[QGG9P??`!`KMM`UZU\06)N+<%'0[9
M(VZH?ZBL?QM?2:;::;;V+F"5[I=BQ_+P.V!VY'%5="V:'XCUN>[Q9V#N?+:3
MY%8AC]W/7J>E:1;C*USBK4Z>(H>U4;2>VK;=G;^K';44U'61%="&5@"".XK,
M\3ZXGAOPY>ZP\1F%K'N$8.-Q)``SVY(K<\,U:*\>TWXG^/\`6K4WFE^$H+FV
M+%0\:.PR.HSNJW_PG'Q0_P"A(3_OT_\`\50!ZM17G_PZ^(UYXOU"]TW4M.2T
MN;5-^Z(G:<'!!!Z$$^M=\QVH3Z#-`#J*\9TKXK^-]>NI[?2/#EE>/!RX3=\H
MS@'EA6J?%_Q4`S_PA5O^O_Q=`'J-%>?_``Z^(UWXOU"]TS4M.CM+JT3?F,G!
M`.T@@\@@XKT"@`HKE_'_`(RB\%Z!]L5$FO)G\NVA?.&/<G'8#^E8OP^^)-QX
MHU6[T?6;..PU"$;HXU#+O`^\"&.<CK]/I0!Z%117->/_`!+=>$O"TNK6<,4T
MJ2H@27.W#''8T`=+17/^!O$%SXH\*6NKW<,4,TY<%(L[1AB._P!*WI&*1LPZ
M@$T`.HKSSX:_$/4O&NHW]M?6EM`MK&K*8=V222.<DUZ'0`45S7CSQ?#X,\.O
M?E4ENI&\NVA8\._O[`<G_P"O7/\`@#XF7/B76KC1=;LHK"^5=\*(&7?CE@0Q
MZXP?IF@#T6BBN=\=^(KGPKX4N=7M(8II860!)<[3E@#T^M`'145Q?P[^(=OX
MULI(YTCMM3@YE@4\,O9ESV['T_&NS9E12S,%51DDG``H`6BO*_\`A<3WWCVU
MT/2+6WFTZ6Y2W-R^[<^3@LN#C'I7JE`!1110`4444`%%%%`'->/;J2V\,2)'
MUGD6(X]#R?Y8KG;G3_M6J:1X63B"UC$MUCNQ&YL_AQ^-='XZA>30%E5=RV]P
MDL@_V0>3^M832F#6O%-\#ETM?W3>S`8(_2N>I\6I[V"=L.N7?7[_`'4ONN/T
MRV7Q;XJEO)4_XEFG8CACQ\IQT&/PR?PKH/$GBFW\.")'MY)I9@2BKPO'J:A\
M"PQVGA."4D+YK/([$X[X_D!67K_B)]8O$TKP^JS3J<O=[1B(=RK'H/4_E33Y
M87ZLSE'VV*Y'&\(:;V2MU;]3.N]3\2ZV?MJVD.G01+Q<R*%V*?\`;;G\A6-J
M>F+]DMKK^TVO[B[F,:G:V#C`)!;D\D#I6FR-K$ZZ'8W3RVL3>;?W\A)\PCJV
M3_".@%6M%AC\0^+8I+:,KIFE*%A!'&!]W\2>?PK)KF/4C-4%S)**2O9+IT3O
MK=O\-ST&WC\FWBB_N(%_(5RGQ5_Y)OJ_^XG_`*&M=?6+XOT-_$GA6_TB*58I
M+F/".W0,"",^V178?)-W=SEO@A_R3\?]?<O_`++46M:S\4X=:O(M*T&TFL4E
M86\C;<LF>"?G'\JYW1/"?Q7\-6']G:3<6<5L'+[=\;9)ZG+#/:M'['\:O^?V
MS_.'_P")H$6/ACXZUCQ%XDOM*U&TLK9;>%G(MXMAWAP#GD^IKT^3_5M]#7FW
MPP^'^M>&M8O]8UN2#S[I"BQQ-NR2P9F/&!TKTEP2C`=2*`/F_P"'6M:_HNLZ
ME)H&B'5I9$"R(,_(-W!XKJ6^-/B9-4.EOX9MX[[?Y?D.[JV[TP:V_A9X&USP
MIK.IW6JQ0I'<Q!8S'*&YW9[5N>/OAW8>,[3SDVVVJ1+^YN0/O?[+^H_4?I0!
MS/PD\+^(-.\0ZKK>M6#60NT*JC\%F9]QP.H`QWKU9W2*-I)&"HH)9B<``=ZX
M?P%!X[TB--,\1V\-U9J,1W0N0TD8'0'^\/U'O5_XB6'B'5_#;Z5X>BC+W9V7
M$CRA-L?<#/KT^F:`/*[KQ5HWB_XHQZCKE\EMH>G$_9T=6(D"GC@`_>/)]ABF
M_$37M#'BNQ\6>$]5CDO58>?&J,OS+T;D#((^4_\`UZ]&\-_"CP[I^@VMOJVE
MV][?!=T\SY.6/)`]AT_"K]Q\,/!L]M+"NAV\1D0J)$R&3(ZCGJ*`-?PUK]KX
MFT"UU:T/R3I\R9YC<?>4_0URWQI_Y)U<?]?$7_H54?AGX3\5^#-4N[&]2&;2
M+@EE=)@2KCHP7KR."/IZ5T/Q)\/ZAXF\'S:9IB(]P\L;`.X48!R>:`/,/!9^
M*(\+VO\`PCGD?V9E_*W"'/WCG[W/7-;CGXV;&W?9MN#GBWKN/A[H=]X=\&V>
MEZBB)<PERP1MPY8D<_0UT<BEHG4=2I`H`\2^`6?[;UG=U\A,_P#?1KV]F"J6
M8@`#))[5YE\*?`NN>$M4U*XU:*%$N8E6/RY0_(8GM73_`!`L_$&I^&I=-\/1
M1F>[/ES2/*$V1]\>YZ?3-`'E&K>*M'\9?$^&XUF_2WT#36/DAP2)=I]`/XFQ
M^`I/B5KN@3^(+#Q3X5U>-]0B8"9$1E)*_=?D#/'RGVQ7H/A;X3Z!IWA^V@UG
M3+>]U`C=/*Q)PQ_A'L.E:DWPR\&RPO&-!MDWJ5W)D%<]QSUH`TO"OB*V\4^'
MK75K;`\U<21Y_P!6X^\OY_IBN?\`C%_R3>__`.ND7_H8K(^''A#Q5X*UV[M;
MA(9]&N6/SK,,@C[KA?<<$?3TKJ/B+H5]XD\&W6EZ:B/<RO&5#OM&`P)Y^@H`
M\BF\,:CX;\-:#X]\.,Z.D"M>(.=IZ;L=U(X(_P`C;UWXA7WQ#M;#PQX9@DAN
M-00?;V/`C'\2Y_N]R?3`[FO3/">CS:9X,T_2-2BC,D5OY4T>0RGKD>XJ#PKX
M$T;PA/>SZ;&QDNW)W2')C3LB^P_STH`\COO#MGX5^+GAO2;($K%]F+R'K(Y<
M[F/UKZ`KS7Q+X(UO4_BKIGB&UBB-A;&'S&:4!AM8D\?C7I5`!1110`4444`%
M%%%`#9(TEC:.10R."&4C((/:N8U+PPT8E:S+/'/;&UD0]57K&??:<#Z?2NIH
MJ7%/<VHUYTG>+/+M,^S:AI0TB^DN$NK)V"VHN!"LP)R0=W&0<_A4LUC<QVS6
MMQ-9:#IIYD2.822R_7!RWTX%=CK'A'2-:E,]Q"T<YZRQ-M+?7L:H6WP[T*"0
M/()[C'\,DG'Z`5A[.6Q[:S"@US-M=;6OKY:V^]'+PF?6H_["\-6KP6&<SSR?
M>E]W/8?[->@Z)HUMH>G):6_)ZR2$<NW<FK=M:V]G`L%M"D,:]%1<"IJUA#EU
M>YYN*QCK+DBK1_%ONV%4]7N9;/2+JYA_UD43,O&><>G>KE1S0Q7,+PS('CD4
MJRGH16AP$=BTKV<;3&0N1SYB!&Z]P.E8^AZW=W]W':W0C$GE22-M7&Y=R["/
MP)!]P:W((([:)8HEVHO09)J.*QM(9EFBMXTD2,QJP7D+G./IGF@#.U74;BVO
M1'',(8HXUD<^5OW9?;@^@XZCUJ]J=S):6@EBQN\V-.1V9U4_H:==:=9WKH]S
M`LC1_=)^N?Q&0.*FDBCF39(@=<@X([@Y'ZB@"CKEW=V6GB6R5&G,T:A7&0P+
M`$?4C(IVC:A_:EDUT""C2N$(&/E#$#\<5<DBCE`$B!@K!AD="#D&FV]M!:1F
M.WB2)"S.508&2<D_B230!0T2[NKQ;B2X+X$KJ@,85<!F'!SST'6B&[NI?$%Q
M;$O]GA5<`1#;DKGELYS[8J[;V5M:-(T$0C,C;GQW.<_S)I!96PO#>"("<C!<
M=2/>@#+\0:G>6$\"VI.TQN[XC##AD'S'/"_,<D5HZG<R6EEYT6-WF1KR.S.J
MG]#4TUM!.<S1*_RE/F&?E.,C]!^5.EBCF39(@=<@X([@Y'ZB@"CKEW=V>G"6
MQ5&G,L:JKC(;+`$?4C(I=&U'^U+)KH$%#*ZH0,?*#QGWJ[)%'*`)$#!6##(Z
M$'(--M[:"TC,=O$D2,[.508!9CDG\22:`,S2]0N+J](FF&V59&2+RL!0K[>&
M[]L@^HK8JM#I]I;W3W44"I-)G<P]SD_3)YJS0!CZGK7V'6+*T$D820CS@WWB
M&.U,?\"Z^PJ;7;N[LK!9;%4><S1H%<<,"PR/J1Q5Q[6WE\S?"C>:`'R/O`=/
MRI\D4<H42(&"L&&1T(Y!H`I:-J']J6;W(8,AF=8R!CY0>/QJ+3+RZFO[B&ZE
M7*Y9(PG&W<0&5@?F&,9[@UH6]M!:1F.WB2)"S.508&2<D_B33+>PM+6:2:"!
M(WE.7([\Y_#DYH`R-8UJ[TZ_\A/+*_NYN5Z0C=YI^H`'YUJ:=<RW6G1W,F`9
M077`_A))7],5)/96MR^^>".1O+:+++D[&QN7Z'`J5(TCC6-%"HH"JH'`'I0!
MG:!=7-[ID=Q=&0O(`WSQ!!R`>,$Y'O56RU2\F\136DA_T<-(%S&`/EV8PV>3
M\QSFM:TLK:QC,=M$(D)SM!.*5;6!)?-6%`^2VX#G)QG\\#\J`*&K7EU:W5MY
M<JQ0'_6-LWX.X`;AG(4\C(Z'%:M5[BPM+N6.6X@21XCE">W(/\P/RJQ0`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
G`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
