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):        June 30, 2008

                           CVD EQUIPMENT CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)

                                    New York
         (State or Other Jurisdiction of Incorporation or Organization)

       1-16525                                       11-2621692
      -----------                                   ------------
   (Commission File Number)                  (IRS Employer Identification No.)

                 1860 Smithtown Ave., Ronkonkoma, New York 11779
          (Address of Principal Executive Offices, Including Zip Code)

                                 (631) 981-7081
              (Registrant's Telephone Number, Including Area Code)

         (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):

[_]  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

[_]  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 June 30, 2008, CVD Equipment  Corporation (the  "Registrant")  entered into a
Consolidation,  Extension  and  Modification  Agreement  (the  "Agreement")  and
Consolidated and Restated  Mortgage Note (the "Note") each with Capital One, N.A
(the "Bank"). The Agreement consolidated various notes and mortgages relating to
Registrant's property known as 1117 Old Kings Highway, Saugerties, New York (the
"Premises")  into a  single  note in the  principal  sum of Eight  Hundred  Five
Thousand  Dollars  ($805,000),   of  which  $16,936.50   represented  additional
borrowings incurred by the Registrant. Principal and interest payments are to be
made in equal consecutive monthly installments of $5,903.27 commencing on August
1, 2008 and continuing for 119 months, with a final balloon payment being due on
July 1, 2018,  equal to the remaining unpaid principal on the maturity date. The
principal  sum bears  interest  at a fixed  annual  rate of  6.20%.  The Note is
secured  by a  first  priority  mortgage  lien  on  the  Premises,  all  of  the
Registrant's  monies,  deposits or other sums held by the Bank on  deposit,  the
Agreement,  an assignment  of the leases and rents from the Premises,  a lien on
the  Registrant's  personal  property,  and  $500,000 of the  proceeds of a life
insurance  policy which is owned by the Registrant and issued on the life of the
Registrant's Chief Executive Officer, Leonard A. Rosenbaum.

The  obligation  of the  Registrant  to pay the  amounts  outstanding  under the
Agreement  and Note may be  accelerated  upon the  occurrence  of an  "Event  of
Default" as defined in the Agreement.

The foregoing  description of the Agreement and the Note described above is only
a summary and is not  intended to be  complete  description  of all of the terms
thereof.  You are encouraged to read the documents in their entirety.  A copy of
the same is  attached as an exhibit to this  Current  Report on Form 8-K and the
text is hereby incorporated by reference.  Certain capitalized terms used herein
but not defined shall have the meaning ascribed to them in the Agreement.

Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits.

10.1 Consolidation,  Extension and Modification Agreement between the Registrant
     and Capital One, N.A.

10.2 Consolidated and Restated Mortgage Note.



     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.

                                           CVD EQUIPMENT CORPORATION

Date: July 7, 2008                            /s/ Leonard A. Rosenbaum
                                           Name:  Leonard A. Rosenbaum
                                           Title: Chairman, President, and
                                                  Chief Executive Officer