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

~~Pursuant~~Date toof ~~Section~~Report 13(Date orof earliest ~~15(d~~event reported): June 10, 2005

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 31, 2003

MAGSTAR TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Minnesota	0-1561	41-0780999
(State of or other jurisdiction	(Commission	(I.R.S. Employer
(State of or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
of incorporation)	File Number)	Identification No.)
410 11th Avenue South, Hopkins, MN		55343
(Address of principal executive offices)		(zip code)

410 11th Avenue South, Hopkins, MN		55343
(Address of principal executive offices)		(zip code)

Registrant’s telephone number, including area code: (952) 935-6921

~~ITEM~~(Former ~~7. FINANCIAL~~name ~~STATEMENTS~~or ~~AND~~former ~~EXHIBITS~~address, if changed since last report)

~~(c) EXHIBITS~~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:

~~10.1 Third Amendment~~o Written tocommunications ~~Amended~~pursuant ~~and~~to ~~Restated~~Rule 425 under ~~Credit~~the ~~Agreement~~Securities ~~dated~~Act as(17 ofCFR ~~October 27, 2003~~230.425)

~~99 Press~~o Soliciting material pursuant to Rule 14a-12 ~~Release~~under ~~dated~~the ~~October~~Exchange ~~31,~~Act ~~2003~~(17 CFR 240.14a-12)

~~ITEM~~o Pre-commencement ~~9. REGULATION~~communications FDpursuant to ~~DISCLOSURE~~Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Ono Pre-commencement ~~October~~communications ~~31, 2003, the Company issued a press~~pursuant ~~release announcing a contract with Community Power Corporation~~ to ~~develop and manufacture a new gaseous centrifuge and an extension of the Company’s credit agreement with U.S. Bank National Association.~~Rule A13e-4(c) under ~~copy of~~ the ~~press~~Exchange ~~release~~Act is(17 ~~furnished~~CFR ~~as an exhibit to this report~~240.13e-4(c))

~~SIGNATURES~~Item 7.01. Regulation FD Disclosure

~~Pursuant~~At its toAnnual ~~the~~Meeting ~~requirements~~on ofJune 10, ~~the~~2005, ~~Securities~~Magstar ~~Exchange Act of 1934~~Technologies, Inc. ~~the registrant has~~intends ~~duly caused this report~~ to bedisclose ~~signed on its behalf by~~ the ~~undersigned~~following ~~thereunto duly authorized.~~information:

~~MAGSTAR TECHNOLOGIES,~~Year ~~INC.~~Over Year Sales Group Performances

Dated: October 31, 2003	By		/s/ J. L. Reissner
As of May 31,
			J. L. Reissner
2004 Shipments	3,085,472		2004 Backlog + shipments	5,892,311
			Its: President and Chief Executive Officer
2005 Shipments	2,646,302		2005 Backlog + shipments	5,970,302
year over year change	-14	%	year over year change	1	%
2004 Bookings	3,221,028		2004 Customer A Shipments	1,037,580
2005 Bookings	4,084,301		2005 Customer A Shipments	994,556
year over year change	27	%	year over year change	-4	%
2004 Backlog	2,806,839		2004 Customer B Shipments	486,199
2005 Backlog	3,324,000		2005 Customer B Shipments	335,542
year over year change	18	%	year over year change	-31	%

~~INDEX TO EXHIBITS~~SIGNATURES

Exhibit	Item	Method of Filing
10.1	Third Amendment to Amended and Restated Credit Agreement dated as of September 30, 2003.	Filed herewith electronically
99	Press Release dated October 31, 2003	Filed herewith electronically

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 thereunto duly authorized.

	MAGSTAR TECHNOLOGIES, INC.


Dated: June 10, 2005	By	/s/ Jon L. Reissner
		Jon L. Reissner
	Its: President and Chief Executive Officer

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