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

June 22, 2007

Date of Report (Date of earliest event reported)

MILASTAR CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number: 0-5105

DELAWARE

(State or other jurisdiction of incorporation or organization)

13-2636669

(I.R.S. Employer Identification No.)

7317 West Lake Street, Minneapolis, MN 55426

(Address of principal executive offices)

(952) 929-4774

(Telephone number)

Not Applicable

Former name, former address and former fiscal year, if changed since last report.

MILASTAR CORPORATION AND SUBSIDIARIES

ITEM 8.01. OTHER EVENTS

On June 22, 2007, Milastar Corporation (the "Company") issued a press release announcing that the special meeting of stockholders held on June 22, 2007 was adjourned to Thursday, June 28, 2007 at 8:00 a.m., local time, at Milastar's offices located at 7317 West Lake Street, Minneapolis, Minnesota 55426. The special meeting was adjourned to allow the Company to participate in non-binding mediation in the case of Wheeler v. Milastar Corporation, et. al., which has been scheduled to take place on June 26, 2007. The polls will remain open during the adjournment, and the record date for stockholders entitled to vote at the special meeting remains May 25, 2007. A copy of the press release issued by Milastar is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Number	Exhibit
99.1	Milastar Corporation Press Release, dated June 22, 2007.

S I G N A T U R E

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, there unto duly authorized.

MILASTAR CORPORATION

/s/ DENNIS J. STEVERMER

Dennis J. Stevermer

Chief Executive Officer

Dated: June 22, 2007

EXHIBIT INDEX


Exhibit No.		Description
99.1		Milastar Corporation Press Release, dated June 22, 2007.

MILASTAR CORP 8-K