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): August 3, 2005

Swank, Inc.(Exact name of registrant as specified in its charter)

Commission File Number 1-5354

Delaware(State or other jurisdiction of incorporation or organization)	04-1886990(IRS Employer Identification Number)
90 Park Avenue New York, NY(Address of principal executive offices)	10016 (Zip code)

(212) 867-2600

(Registrant's telephone number, including area code)

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:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  Item 1.01. Entry into a Material Definitive Agreement.

          On August 3, 2005 Swank, Inc. (the "Company") and Eric P. Luft, Senior Vice President and a member of the board of directors of the Company, entered into an amendment, dated July 28, 2005, to the Amended and Restated Employment Agreement dated December 18, 2003, as amended to date (the "Agreement"), between the Company and Mr. Luft. Among other things, the amendment extends the term of Mr. Luft's employment under the Agreement to March 31, 2006. A copy of the amendment is filed as an exhibit to this Form 8-K as Exhibit 10.01.

Item 9.01.	Financial Statements and Exhibits.
(a)	Financial Statements of Businesses Acquired.		Not Applicable.
(b)	Pro Forma Financial Information.		Not Applicable.
(c)	Exhibits
	Exhibit No.	Description
	10.01	Letter Agreement dated July 28, 2005 between the Company and Eric P. Luft

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.

Date:  August 5, 2005	SWANK, INC.
	By: /s/ Jerold R. Kassner
		Jerold R. Kassner, Sr. Vice President   and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
10.01	Letter Agreement dated July 28, 2005 between the Company and Eric P. Luft