Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 1, 2009, Hurco Companies, Inc. (the "Company") issued a press release announcing the departure of its President and Chief Operating Officer, James D. Fabris.

On October 1, 2009, the Company entered into a Separation and Release Agreement (the "Agreement") with Mr. Fabris concerning his departure from the Company effective October 31, 2009. The Agreement provides for severance equal to at least eighteen months of his current monthly base salary ($25,125.00) and a one-time payment of $52,260.00. The Agreement also includes provisions relating to perquisites and other matters. Mr. Fabris has also agreed to release the Company from any claims, including any claims relating to termination of his employment. Although the Agreement was executed on October 1, 2009; however, it remains subject to revocation by Mr. Fabris until October 8, 2009.

A copy of the press release and the Agreement are filed as exhibits to this report and are hereby incorporated by reference into this Item 5.02.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit 10.1 Separation and Release Agreement between the Company and James Fabris dated October 1, 2009.

Exhibit 99.1 Press Release dated October 1, 2009.

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