ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On July 20, 2009, Young Innovations, Inc. (the "Company") entered into an Employment Agreement with Julia A. Heap. The Employment Agreement has a one-year term which automatically extends for an additional one-year term unless either party delivers written notice of the intention not to extend the term not later than six (6) months prior to its expiration. The Employment Agreement provides for an annual base salary of $130,00. The Employment Agreement is Exhibit 10.1 to this Form 8-K and is hereby incorporated herein by reference.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 21, 2009, the Company issued a press release announcing results for the second quarter ended June 30, 2009. A copy of the press release is furnished herewith as Exhibit 99.1.

ITEM 8.01 OTHER EVENTS

On July 21, 2009, the Company issued a press release announcing that its Board of Directors, at its meeting on July 20, 2009, approved a share repurchase program to purchase up to 500,000 shares of common stock. The authorization will expire July 31, 2010 and replaces the current authorization which was scheduled to expire on July 31, 2009. The Company also announced that its Board of Directors declared a quarterly dividend of $0.04 per share, payable September 15, 2009 to all shareholders of record on August 14, 2009. A copy of the press release is filed herewith as Exhibit 99.2 and is hereby incorporated by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit Number Description

10.1 Employment Agreement dated July 20, 2009 between Young Innovations, Inc. and Julia A. Heap.

99.1 Press release dated July 21, 2009 announcing second quarter earnings.

99.2 Press release dated July 21, 2009 announcing share repurchase program and dividend.

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