8-K

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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  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, 2005


                            KEMET Corporation
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(Exact name of registrant as specified in its charter)




     Delaware                      0-20289                  57-0923789
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(State or other             (Commission File Number)       (IRS Employer
  jurisdiction)                                         Identification No.)


2835 KEMET Way,  Simpsonville, SC                          29681
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(Address of principal executive offices)                 (Zip Code)



Registrants telephone number, including area code:  (864) 963-6300


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(a)  Not Applicable

(b)  Not Applicable

(c)  The following exhibit is included with this Report

EXHIBIT 99.1  Press Release, dated June 27, 2005, issued by the Company.




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Signature


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Date:  July 8, 2005
						KEMET Corporation


						/S/ D. E. Gable

						David E. Gable
						Senior Vice President and
						Chief Financial Officer

EX-99

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Exhibit 99.1

Effective July 1, 2005, KEMET Corporation (the "Company")
implemented an annual incentive plan (the "Plan") for certain of its
executive officers and certain other members of the Company's
management team.  The Plan provides the potential for a member of
the Plan to receive an incentive which ranges from a maximum of 40%
of base salary to a maximum of 100% of base salary.  The maximum
percentage of base salary for a member of the Plan is dependent on
each eligible employee's position, with the Company's named executives
being eligible for an incentive which ranges from a maximum of 80%
to a maximum of 100% of base salary.  In order to be eligible to
receive an incentive payment under the Plan, certain performance
based objectives must be achieved.

Effective July 1, 2005, the Company also implemented a profit
sharing/performance incentive plan (collectively, the "Incentive
Plans") for its entire salaried workforce worldwide excluding those
employees eligible to participate in the Plan or other bonus
programs.  Certain performance based objectives must be achieved
before any payout under the Incentive Plans may be made.

Both the Plan and the Incentive Plans were designed to be consistent
with and to help the Company achieve its goals and objectives.