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

July 2, 2007

Date of Report (date of earliest event reported)

CARRIER ACCESS CORPORATION

(Exact name of Registrant as specified in its charter)

State of Delaware

000-24597

84-1208770

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification Number)

5395 Pearl Parkway

Boulder, Colorado 80301

(Address of principal executive offices)

(303) 218-5455

(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 240.14a-12)

[ ] 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 2.02. Results of Operations and Financial Condition

On July 9, 2007, Carrier Access Corporation (the “Company”) issued a press release reporting its preliminary financial results for the second quarter ended June 30, 2007. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Exhibit 99.1 is not filed but is furnished to the Securities and Exchange Commission (“SEC”) pursuant to Item 2.02 of Form 8-K.

Item 2.05. Costs Associated with Exit or Disposal Activities

On July 2, 2007, the Board of Directors of the Company authorized management to initiate and implement a restructuring plan under which material charges will be incurred under generally accepted accounting principles. The restructuring plan will include a focus on key customers and product lines, consolidation of management positions, and a further and accelerated R&D transition to Carrier Access’ Shanghai development center. The restructuring plan is in the process of being finalized by management and therefore a good faith estimate of the timing and amount of charges are not known at this time. The Company will provide such estimates in an amendment to this current report on Form 8-K after making a determination of such estimates.

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

In connection with the cost reduction activities of the Company, Roger Koenig, Chairman, CEO and President, and Nancy Pierce, Corporate Development Officer, have each voluntarily declined to take salaries in excess of medical benefits, effective July 9, 2007.

Item 9.01. Financial Statements and Exhibits

(d)

Exhibits.


Exhibit No.		Description
99.1		Press Release dated July 9, 2007

SIGNATURES

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.


	CARRIER ACCESS CORPORATION

Date: July 9, 2007	By:	/s/ GARY GATCHELL
		Gary Gatchell Chief Financial Officer

EXHIBIT INDEX


Exhibit No.		Description
99.1		Press Release dated July 9, 2007

CARRIER ACCESS CORP 8-K