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): ~~June~~November 205, 2007 ~~(June 14, 2007)~~

KMG America Corporation

(Exact Name of Registrant as Specified in Charter)

Virginia	1-32377	20-1377270
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

12600 Whitewater Drive, Suite 150 Minnetonka, Minnesota	55343
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (952) 930-4800

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

(Former Name or Former Address, if Changed Since Last Report)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 52.02. ~~DEPARTURE~~OTHER ~~OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF~~EVENTS

~~DIRECTORS;~~On ~~APPOINTMENT~~November OF5, ~~PRINCIPAL~~2007, ~~OFFICERS~~KMG America Corporation (“KMG”) issued a press release announcing KMG’s earnings results for third quarter 2007, and providing an update on the approval process regarding the proposed acquisition of KMG by Humana Inc., as previously announced on September 7, 2007. The information contained in the press release, which is attached hereto as Exhibit 99.1 to this report, is incorporated herein by reference. On November 5, 2007, KMG also held an investor webcast conference to discuss third quarter 2007 results and to review the approval process in connection with the proposed acquisition of KMG by Humana Inc. The manuscript for this webcast, which is attached as Exhibit 99.2 to this report, is incorporated herein by reference.

OnThe ~~June~~information ~~14,~~in ~~2007,~~this ~~Glenn~~Form S.8-K ~~Sackett notified KMG~~and ~~America~~the ~~Corporation~~exhibits ~~(the~~attached hereto shall not be deemed “~~Company~~filed”) for purposes of ~~his~~Section ~~intention~~18 toof ~~resign~~the asSecurities ~~Vice~~Exchange ~~President~~Act of 1934, ~~Controller~~as ~~and~~amended, ~~Principal~~nor ~~Accounting~~shall ~~Officer~~it of be deemed incorporated by reference in any filing made by the ~~Company,~~Corporation ~~effective~~under ~~June~~the 29Securities Act of 1933, ~~2007~~as amended.

OnITEM ~~June 14, 2007, Robert E~~9. ~~Matthews, age 54, was assigned the duties of Principal Accounting Officer of the Company, to be effective June 29, 2007~~01. ~~Since~~FINANCIAL ~~2003,~~STATEMENTS ~~Mr.~~AND ~~Matthews has been Executive Vice President, Chief Financial Officer and Treasurer of Kanawha Insurance Company (“Kanawha”), a wholly-owned subsidiary of the Company~~EXHIBITS. Prior to serving in those capacities, Mr. Matthews was Senior Vice President, Treasurer and Controller of Kanawha from 1998 to 2003. Mr. Matthews also was Principal Accounting Officer of the Company from 2004 to 2006.

~~SIGNATURES~~Exhibits.

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.

Exhibit No.		Description

99.1		Press release of KMG, issued on November 5, 2007, announcing KMG’s earnings results for third quarter 2007, and providing an update on the approval process regarding the proposed acquisition of KMG by Humana Inc.

99.2		Manuscript for investor webcast held on November 5, 2007, discussing KMG’s third quarter 2007 earnings results and update on the approval process in connection with the proposed acquisition of KMG by Humana Inc.

		KMG AMERICA CORPORATION
		(Registrant)
Date: June 20, 2007	By:	/s/ James E. Nelson
		James E. Nelson
		Senior Vice President, General Counsel & Secretary

2SIGNATURES

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.

		KMG AMERICA CORPORATION
		(Registrant)

Date: November 5, 2007	By:	/s/ James E. Nelson
		James E. Nelson
		Senior Vice President, General Counsel & Secretary

EXHIBIT INDEX

Exhibit No.	Description of Exhibit

99.1	Press release of KMG, issued on November 5, 2007, announcing KMG’s earnings results for third quarter 2007, and providing an update on the approval process regarding the proposed acquisition of KMG by Humana Inc.
99.2	Manuscript for investor webcast held on November 5, 2007, discussing KMG’s third quarter 2007 results and update on the approval process in connection with the proposed acquisition of KMG by Humana Inc.

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