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

At its meeting on October 8, 2008, the Board of Directors of Quixote Corporation (the "Registrant") elected Victor Schwartz to the Company's Board of Directors. Mr. Schwartz will serve until the Annual Meeting of Stockholders to be held in the year 2009. The Board of Directors has not elected Mr. Schwartz to any committees at this time. Mr. Schwartz beneficially owns 28,000 shares of our common stock.

Mr. Schwartz is a partner in the Washington office of the Kansas City-based law firm of Shook, Hardy & Bacon L.L.P. and chairs its Public Policy Group which integrates government affairs, public relations and litigation. Mr. Schwartz co-chairs the Civil Justice Task Force of the American Legislative Exchange Council and is a member of the American Law Institute. He also advises product manufacturers on liability issues.

Like all non-employee directors, Mr. Schwartz will receive an annual director's fee of $20,000 plus meeting fees of $2,000 for the first day of every meeting, $1,000 for each consecutive meeting day thereafter, and $500 per day for every telephonic meeting plus expenses. In addition, like all non-employee directors, Mr. Schwartz will be granted an annual option to acquire 5,000 shares of the Company's common stock on the first Friday following the Company's Annual Meeting pursuant to the Company's 2001 Non-Employee Director Stock Option Plan (the "Plan") at an exercise price equal to the Fair Market Value of the stock on the date of grant as set forth in the Plan. The Company also maintains accidental death and disability insurance coverage in the amount of $500,000 on behalf of each non-employee director, payable to a beneficiary designated by the director.

In the last three years, the Mr. Schwartz has advised the Company from time to time on liability issues and has received fees for those services in an amount under $10,000. The Board of Directors has determined that Mr. Schwartz satisfies the "independence" standard of the Nasdaq Stock Market Rules.

A copy of the press release is furnished herewith as Exhibit 99 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

The following Exhibits are included herein:

(d) Exhibits

99 Press Release issued by Quixote Corporation, dated October 10, 2008

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