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): July 8, 2004 KEY TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) OREGON 0-21820 93-0822509 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 150 Avery Street Walla Walla, Washington 99362 (Address of principal executive offices) (Zip Code) (509) 529-2161 (Registrant's telephone number, including area code) Item 5. Other Events and Regulation FD Disclosure. On July 8, 2004, Key Technology, Inc. (the "Company") issued a press release announcing the formation of a new company with Peco Controls Corporation for the product development, manufacturing, and sales of x-ray inspection systems. A copy of the press release issued in connection with this announcement is attached as Exhibit 99.1. Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit No. Description ----------- ------------------------------------------------------ 99.1 Key Technology, Inc. Press Release, dated July 8, 2004 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this current report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized. KEY TECHNOLOGY, INC. /s/ PHYLLIS BEST --------------------------- Phyllis Best Chief Financial Officer Dated: July 8, 2004 EXHIBIT INDEX Exhibit No. Description ------------------ ---------------------------------------------------- 99.1 Key Technology, Inc. Press Release, dated July 8, 2004