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) ~~February 1~~April 18, 2007

MAXCO, INC.

(Exact name of registrant as specified in its charter)

Michigan	0-2762	038-~~2762~~1792842	~~38-1792842~~
(State or other jurisdiction	(Commission	(~~Commission~~IRS Employer	~~(IRS Employer~~
of incorporation)	File Number)	~~File~~Identification ~~Number~~No.)	~~Identification No.)~~
1005 Charlevoix Dr. Suite 100, Grand Ledge, Michigan		48837
(Address of principal executive offices)		(Zip Code)

1005 Charlevoix Dr. Suite 100, Grand Ledge, Michigan	48837
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (517) 627-1734

Not Applicable

(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 23.01 ~~Completion~~Notice of ~~Acquisition~~Delisting or ~~Disposition~~Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ~~Assets~~Listing

On ~~February 1~~April 18, 2007, Maxco, Inc. ~~sold substantially all of~~ (the ~~assets of Atmosphere Annealing, Inc. (~~“~~AAI~~Company”), ~~the~~received ~~wholly~~a ~~owned~~notice ~~subsidiary~~from ofthe ~~Maxco,~~Nasdaq ~~Inc., and BCGW,~~Stock ~~Inc.~~Market ~~(“BCGW”),~~denying the ~~wholly~~Company’s ~~owned~~request ~~subsidiary~~for ofcontinued ~~AAI,~~listing ~~pursuant~~on to the ~~terms~~Nasdaq ~~of the~~Stock ~~Asset~~Market. ~~Sale~~Accordingly, ~~and~~the ~~Purchase~~Company’s ~~Agreement~~shares ~~dated~~will ~~December~~be ~~13,~~suspended ~~2006~~from ~~among~~the ~~Maxco, Inc,~~Nasdaq ~~a Michigan~~Stock ~~corporation,~~Market ~~Quanex~~effective ~~Technologies,~~at ~~Inc.,~~the aopen ~~Delaware~~of ~~corporation,~~business ~~Quanex Corporation,~~on ~~a Delaware corporation~~Friday, ~~AAI,~~April ~~a Michigan corporation~~20, ~~and BCGW, a Michigan corporation (the “Agreement”)~~2007.

~~MACSTEEL~~As ~~Atmosphere~~announced ~~Annealing~~on March 2, ~~Inc.~~2007, ~~formerly~~the ~~Quanex~~Company ~~Technologies,~~received ~~Inc.,~~ a ~~wholly~~notice ~~owned~~from the Nasdaq Stock ~~subsidiary~~Market ofindicating ~~Quanex~~that ~~Corporation,~~the ~~acquired~~Company ~~substantially~~is ~~all~~not ofin compliance with the ~~operating~~Nasdaq Stock ~~assets~~Market’s ofrequirements ~~AAI~~for ~~and~~continued ~~BCGW~~listing ~~for~~due ~~$57.5~~to ~~million~~the incompletion ~~cash~~of (the ~~“Transaction”),~~sale ~~which~~on ~~reflects~~February an1, ~~adjustment~~2007 ~~for~~of ~~the~~substantially ~~net~~all ~~working~~assets ~~capital~~ of ~~AAI~~the asCompany’s ofwholly ~~January 31,~~owned ~~2007 per~~subsidiary ~~the~~Atmosphere ~~Agreement~~Annealing, Inc. ~~There~~and ~~were~~its ~~two~~wholly ~~escrows~~owned ~~established~~subsidiary ~~from the purchase price~~BCGW, ~~monies~~Inc. As Ana ~~escrow~~result of ~~$2.0~~the ~~million~~sale, isthe toCompany ~~last~~no ~~for~~longer ahas ~~minimum~~an ofoperating 3business. ~~years and up~~The ~~to 4~~Nasdaq ~~years,~~staff ~~depending~~deemed onthe ~~satisfaction~~Company ofto ~~certain~~be ~~conditions~~a public shell, toraising ~~assure~~public ~~compliance~~interest ~~with~~concerns ~~our~~under ~~environmental~~Marketplace ~~warranties~~Rule 4300. AnOn ~~escrow~~March of2, $32007 ~~million~~the isCompany ~~to be held for~~requested 18a ~~months~~hearing tobefore ~~assure~~a ~~the~~Nasdaq ~~accuracy~~Listing ofQualification ~~representations~~Panel ~~and~~to ~~warranties,~~review ~~including~~the Staff ~~any environmental~~Determination ~~claims~~as ~~that~~Nasdaq ~~exceed~~rules ~~the~~permit. $2On ~~million~~April ~~environmental~~18, ~~escrow.~~2007 ~~Other~~the Company received ~~than~~a notice that the ~~assumption~~Nasdaq ofListings ~~normal~~Qualifications ~~operating~~Panel ~~liabilities,~~agreed ~~MACSTEEL~~with ~~Atmosphere~~the ~~Annealing,~~staff ~~Inc.~~determination ~~did~~that ~~not~~the ~~assume~~Company ~~any~~is ~~liabilities~~a ~~for~~public ~~borrowed~~shell. ~~money~~Accordingly, orthe ~~certain~~Panel ~~other~~has ~~liabilities~~determined ~~including~~to ~~certain~~delist ~~product~~the ~~liabilities,~~Company’s ~~tax~~shares and ~~environmental liabilities.~~will ~~Assets~~suspend ~~excluded~~trading ~~from~~of the ~~transaction included cash, cash~~ ~~equivalents,~~Company’s ~~certain~~shares ~~corporate~~on ~~records,~~The ~~all~~Nasdaq ~~tax~~Stock ~~benefits~~Market ~~and~~effective ~~rights~~at tothe ~~refunds, all~~open ~~rights~~of ~~relating~~business ~~to borrowed money~~on Friday, ~~related~~April ~~party receivables~~20, ~~and all rights to prepaid insurance and insurance deposits~~2007.

As ~~part~~the ofCompany ~~the~~was ~~closing~~unable ~~of the Transaction, in addition~~ to ~~the~~obtain ~~$5.0~~continued ~~million~~listing ~~held~~on ~~in escrow, certain outstanding liabilities secured by~~ the ~~assets~~Nasdaq ofSmallCap ~~AAI and BCGW were required to be paid~~Market, ~~which were approximately $10.9 million. In addition,~~ the Company ~~estimates~~anticipates that ~~net~~its ~~federal~~common ~~and~~stock ~~state income taxes~~ will be ~~approximately~~ ~~$11~~eligible ~~million,~~for ~~closing costs and other costs and obligations in~~quotation ~~connection with~~ on the ~~closing~~“Pink ~~will be approximately $5~~Sheets.~~2 million.~~ ”

~~The~~On ~~Company~~April 19, ~~has~~2007, ~~other~~Maxco, ~~outstanding~~Inc. ~~obligations~~issued ~~including~~a ~~preferred~~press ~~stock~~release, ~~and~~attached ~~related dividends~~to ~~(totaling~~this ~~approximately~~Current ~~$7.4~~Report on Form ~~million~~8-K as ofExhibit ~~December 31~~99.1, ~~2006)~~announcing ~~and other~~that ~~obligations~~the ~~which~~Company ~~will~~received bethe ~~required~~letter tofrom Nasdaq bedescribed ~~repaid~~in asthis ~~well~~Current asReport ~~ongoing operating~~on ~~expenses~~Form 8-K.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On February 1, 2007, Sanjeev Deshpande resigned as Director of Maxco, Inc. (the “Company”).

Eric L. Cross, 63, Executive Vice President of the Company was appointed Director effective February 1, 2007.

Item 8.01 Other Events

On February 2, 2007, Maxco, Inc. issued a press release announcing that Maxco has completed the sale of Atmosphere Annealing, Inc. to a subsidiary of Quanex Corporation. The press release is included herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(dc) Exhibits

Exhibit No 99.1 ~~Description~~Press release dated April 19, 2007

99.1 Press Release issued by Maxco, Inc. on February 2, 2007.

SIGNATURES

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.

	Maxco, Inc.
	(Registrant)
Date: February 5, 2007		/s/ Lawrence O. Fields
Date: April 19, 2007
		(Signature)
	/S/ Lawrence O. Fields
		Lawrence O. Fields
	(Signature)
		Chief Financial Officer
	Lawrence O. Fields
	Chief Financial Officer

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