8-K

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) May 21, 2009

ATC TECHNOLOGY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	0-21803	95-4486486
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1400 Opus Place, Suite 600, Downers Grove, Illinois	60515
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (630) 271-8100

(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 (see General Instruction A.2. below):

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))

1

Forward-Looking Statement Notice

This Current Report on Form 8-K contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) and information relating to us that are based on the current beliefs of our management as well as assumptions made by and information currently available to management, including those related to the markets for our products, general trends in our operations or financial results, plans, expectations, estimates and beliefs.  These statements reflect our judgment as of the date of this Current Report with respect to future events, the outcome of which is subject to risks, which may have a significant impact on our business, operating results or financial condition.  Readers are cautioned that these forward-looking statements are inherently uncertain.  Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein.  We undertake no obligation to update forward-looking statements.  The factors that could cause actual results to differ are discussed in our Annual Report on Form 10-K for the year ended December 31, 2008 and our other filings made with the SEC.

Item 8.01. Other Events.

On May 22, 2009, ATC Technology Corporation issued a press release (a copy of which is attached as Exhibit 99) announcing that late on May 21, 2009 it received verbal indication from Honda of their intention to in-source the remanufacturing of automatic transmissions as early as the end of 2009.  The remanufacturing of automatic transmissions for Honda accounted for approximately $52 million or 10% of ATC’s 2008 revenues (approximately 29% of Drivetrain segment revenues).

Item 9.01. Financial Statements and Exhibits.

Exhibit 99:   press release dated May 22, 2009

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.

Dated:May 22, 2009	ATC TECHNOLOGY CORPORATION
	/s/ Joseph Salamunovich
	Joseph Salamunovich
	Title:  Vice President

2

EX-99

EXHIBIT 99

	NEWS RELEASE
	For Immediate Release
ATC Technology Corporation	For more information,
Announces Honda's Intention to
In-Source the Remanufacturing of Automatic Transmissions	Mary Ryan
	630.663.8283
	maryan@corpatc.com

· ATC Withdraws Guidance for 2009

Downers Grove, Illinois, Friday, May 22, 2009 -- ATC Technology Corporation (ATC) (NASDAQ-GS: ATAC), today announced that late yesterday it received verbal indication from Honda of their intention to in-source the remanufacturing of automatic transmissions as early as year-end.

The remanufacturing of automatic transmissions for Honda accounted for approximately $52 million of ATC’s 2008 revenues (approximately 10% of Company revenues and 29% of Drivetrain segment revenues).

Todd R. Peters, President and CEO said “Of course we are very disappointed that we will no longer be remanufacturing automatic transmissions for Honda.  We understand that this decision is driven by Honda’s expectation of declining need for remanufactured transmissions as a result of the improved quality relating to their newest generation of transmissions.  Honda has been a valued customer since 2002 and we expect to provide other services to them in the future.”

“As a result of this development, we are withdrawing our guidance for 2009 until we can assess its impact on our operations, including the carrying value of our assets.”

ATC Technology Corporation is headquartered in Downers Grove, Illinois.  The Company provides comprehensive engineered solutions for logistics and refurbishment services to the consumer electronics industries and the light and medium/heavy-duty vehicle service parts markets.

___________________________________________________________________________________________________________________________________

Certain statements in this news release are “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934).  These forward-looking statements generally include all statements other than statements of historical fact, including statements that are predictive, that depend upon or refer to future events or conditions, or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “hopes,” and similar expressions. In addition, any statements concerning future financial performance or position (including future revenues, expenses, earnings, growth rates or margins), ongoing business strategies, budgets or prospects, and possible future actions are also forward-looking statements. The forward-looking statements contained in this news release are based on information available to our management as of the date of this news release, and reflect management’s judgments, beliefs and assumptions as of the date of this news release with respect to future events, the outcome of which is subject to risks and uncertainties that could have a significant impact on our business, operating results or financial condition in the future. Should one or more of these risks or uncertainties materialize, or should underlying information, judgments, beliefs or assumptions prove incorrect, actual results or outcomes could differ materially from those expressed or implied by the forward-looking statements in this news release. Some of these risks and uncertainties are described in our periodic filings with the Securities and Exchange Commission.  We disclaim any intention or obligation to update the forward-looking statements contained in this news release.