-----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,
 EurVD4bPdCLG2NI96QRiFJ3uIp8yqlJsLbSkLfx8csbDiZWCRZTcFo89ab027GYF
 1AkP+TEufXoEl3rOtdNJEw==

<SEC-DOCUMENT>0000076267-03-000003.txt : 20030424
<SEC-HEADER>0000076267-03-000003.hdr.sgml : 20030424
<ACCEPTANCE-DATETIME>20030424100637
ACCESSION NUMBER:		0000076267-03-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030423
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARK ELECTROCHEMICAL CORP
		CENTRAL INDEX KEY:			0000076267
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		IRS NUMBER:				111734643
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04415
		FILM NUMBER:		03661285

	BUSINESS ADDRESS:	
		STREET 1:		5 DAKOTA DR
		CITY:			LAKE SUCCESS
		STATE:			NY
		ZIP:			11042
		BUSINESS PHONE:		5163544100

	MAIL ADDRESS:	
		STREET 1:		5 DAKOTA DR
		CITY:			LAKE SUCCESS
		STATE:			NY
		ZIP:			11042
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e8kfr4a.txt
<DESCRIPTION>FORM 8-K
<TEXT>
4

                        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): April 23,
                            2003

                 PARK ELECTROCHEMICAL CORP.
- -----------------------------------------------------------
     (Exact Name of Registrant as Specified in Charter)


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


  5 Dakota Drive, Lake Success,    New York       11042
- ------------------------------------------------------------
(Address of Principal Executive Offices)        (Zip Code)


Registrant's telephone number, including area code (516) 354-4100



                            N/A
- -------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)












Item 7.   Financial Statements, Pro Forma Financial
          Information and Exhibits.

          (c)  Exhibits:

               Exhibit
               Number

               99.1 News Release dated April 23, 2003.


Item 12.  Results of Operations and Financial Condition.

          Park Electrochemical Corp. (the "Company") issued
a  news release on April 23, 2003 announcing the realignment
of its North American FR-4 business operations and reporting
that  as  the result of this realignment the Company expects
to  report an impairment charge of approximately $50 million
in the Company's fiscal year 2003 fourth quarter ended March
2,  2003  and  additional charges totaling approximately  $8
million  to $10 million in the first and second quarters  of
the Company's current fiscal year. The Company is furnishing
the  news  release to the Securities and Exchange Commission
pursuant to Item 12 of Form 8-K as Exhibit 99.1 hereto.




                          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:  April 23, 2003          By:  /s/ Murray O. Stamer
                               ----------------------------
                               Name:    Murray O. Stamer
                    Title:  Senior Vice President, Finance














                        EXHIBIT INDEX



Number
Exhibit      Description                          Page

   99.1      News Release dated April 23, 2003      5



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1 CHARTER
<SEQUENCE>3
<FILENAME>e8knrfr4.txt
<DESCRIPTION>NEWS RELEASE
<TEXT>

                 PARK ELECTROCHEMICAL CORP.
                 NEWS RELEASE
Contact:  Murray Stamer                        5 Dakota Drive
                                       Lake Success, NY 11042
                                               (516) 354-4100


        PARK ELECTROCHEMICAL ANNOUNCES REALIGNMENT OF
           NORTH AMERICAN FR-4 BUSINESS OPERATIONS

Lake  Success,  New York, April 23, 2003.Park Electrochemical
Corp.  (NYSE  - PKE) announced the realignment of  its  North
American  FR-4  business operations located in Newburgh,  New
York and Fullerton, California and the establishment of a new
business  unit  called  "Nelco/North  America".   Nelco/North
America   will   include  the  company's  FR-4  manufacturing
operations  located  in  Newburgh, New  York  and  Fullerton,
California   and   will  be  administered  principally   from
Fullerton,  California.   As part  of  the  realignment,  the
Newburgh, New York operation will be scaled down to a smaller
focused  operation  and the Fullerton,  California  operation
will be significantly scaled up to a larger volume operation.
The  company  intends  to  supply its  customers  located  in
central   and  western  North  America  from  its  Fullerton,
California  facility  and its customers  located  in  eastern
North  America  from  its Newburgh, New  York  facility.   In
addition, the company has arranged to supply all of the North
American circuit board manufacturing locations of Sanmina-SCI
Corporation,  the  company's  largest  customer,  with   FR-4
product  manufactured at Fullerton, California.  The  company
expects to be the principal supplier of FR-4 products to  all
of  Sanmina-SCI  Corporation's North American  circuit  board
manufacturing  locations.   This North  American  realignment
does  not  affect Neltec, Inc., the company's  business  unit
located   in  Tempe,  Arizona,  which  specializes  in   high
performance and RF/microwave materials.  Neltec will continue
to  operate  as a separate business unit of the company,  and
Neltec  will  continue to supply these high  performance  and
RF/microwave materials directly to the company's customers in
North America.

As  part  of  the North American realignment, there  will  be
significant  workforce reductions at the company's  Newburgh,
New  York facility and significant workforce increases at the
company's Fullerton, California facility.  The company  hopes
to  be  able  to  transfer  some of the  Newburgh,  New  York
employees to the Fullerton, California operation.  After  the
Newburgh, New York operations have been scaled back, a  large
portion of the facility will be mothballed.  The company will
have  the  flexibility in the future to  scale  back  up  the
Newburgh,  New  York  facility if the opportunity  to  do  so
presents  itself.   As  the result  of  this  North  American
realignment,  the  company expects to  report  an  impairment
charge  of approximately $50 million in the company's  fourth
quarter  ended March 2, 2003 and additional charges  totaling
approximately  $8  million to $10 million in  the  first  and
second quarters of the company's current fiscal year.


The  company  also announced that John Jongebloed,  who  will
continue  to  serve  as  Senior  Vice  President  of   Global
Logistics for Park Electrochemical and to report directly  to
Brian  Shore,  will take on the additional responsibility  of
overseeing  and supervising the Newburgh, New  York  facility
and  operations.   The  company does not  plan  to  make  any
changes to its North American customer account management  or
field   technical  service  organizations  as  part  of   the
realignment.  The realignment is designed to help the company
achieve improved operating and cost efficiencies in its North
American  FR-4 business, but it is also designed to help  the
company  better  service all of the company's existing  North
American customers.  The company does not contemplate  losing
any  North  American  customers as  a  result  of  the  North
American  realignment.   The  company  has  recently   gained
significant  amounts of market share with two  of  its  major
customers in North America.

Brian  Shore, Park's President and CEO, said, "Of course,  we
are very pleased that we will be significantly scaling up and
increasing  our  workforce size at our Fullerton,  California
facility.  Unfortunately, our happiness about California only
tempers to some extent our sorrow regarding the human  impact
of  the scaling back of our Newburgh, New York operation  and
the workforce reductions which will occur there.  I hope that
a  large number of our Newburgh, New York employees will soon
reemerge as Fullerton, California employees.  I want everyone
to know that these decisions regarding the realignment of our
North American FR-4 operations have not been made lightly and
have been made only after very careful consideration.  I also
want everyone to know that these decisions have been made  in
no respect to serve any short-term interest or to improve our
company's  financial performance over the next two  or  three
quarters.   These decisions have been based exclusively  upon
our  long-term  thinking and our long-term planning  for  the
future  success of our business.  We believe these  decisions
are  very much in the long-term interests of our business and
our customers in North America.  There is no doubt in my mind
that   this  realignment  of  our  North  American   business
operations  will allow us to better serve our North  American
customers  in  the future and will help ensure our  long-term
success as a business in North America."

Brian  Shore concluded, "Finally, to our Newburgh,  New  York
employees who will not remain with our company, I would  like
to  thank  you  for your dedication and commitment  over  the
years and to wish you the very best in the future.  Good luck
to each of you.  I will miss you very much."

Certain  portions  of this press release  may  be  deemed  to
constitute  forward looking statements that  are  subject  to
various  factors which could cause actual results  to  differ
materially  from Park's expectations.  Such factors  include,
but are not limited to, general conditions in the electronics
industry,  Park's competitive position, the status of  Park's
relationships  with  its  customers, economic  conditions  in
international   markets,  the  cost   and   availability   of
utilities, and the various other factors set forth under  the
caption "Factors That May Affect Future Results" after Item 7
of  Park's  Annual Report on Form 10-K for  the  fiscal  year
ended March 3, 2002.

Park Electrochemical Corp. is a leading global designer  and
producer  of electronic materials used to fabricate  complex
multilayer   printed  circuit  boards  and   interconnection
systems.  Park  specializes in advanced materials  for  high
layer  count circuit boards and high speed digital broadband
telecommunications,  internet and  networking  applications.
Park's electronic materials business operates through  fully
integrated business units in Asia, Europe and North America.
The  Company's  manufacturing  facilities  are  located   in
Singapore,  China, Germany, France, Connecticut,  New  York,
Arizona   and   California.   Park's  electronic   materials
business operates under the "Nelco" name.

Additional corporate information is available on  the  World
Wide Web at www.parkelectro.com and www.parknelco.com.


                         #  #  #  #

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
