- Current report filing (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): OCTOBER 9, 2008

HI-SHEAR TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)

 DELAWARE 001-12810 22-2535743
 (State or other (Commission (I.R.S. Employer
 jurisdiction File Number) Identification No.)
of incorporation)

 24225 GARNIER STREET
 TORRANCE, CALIFORNIA 90505-5355
 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (310) 784-2100

ITEM 8.01 OTHER EVENTS

The Board of Directors of Hi-Shear Technology Corporation today approved a cash dividend of $0.50 per share, or approximately $3,410,000, payable on October 27, 2008, to shareholders of record as of the close of business October 24, 2008. The ex-dividend date is October 22, 2008. This dividend is not special and does not represent that the Company will pay dividends on a scheduled basis.

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.

HI-SHEAR TECHNOLOGY CORP.

Dated: October 9, 2008 By: /s/ George W. Trahan
 --------------------------------------------
 George W. Trahan, President, Chief Executive
 Officer and Chairman

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