FORM
10-KSB/A

[X]
ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the
fiscal
year ended September 30, 2008

OR

[ ]
TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the
transition
period from Not Applicable to Not
Applicable

Commission
file number: 0-147

HICKOK
INCORPORATED

(Name
of
small business issuer in its charter)

|Ohio                                                           | 34-0288470                          
|-------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
organization) | (I.R.S. Employer Identification No.)
|                                                               |                                     
|10514
Dupont Avenue, Cleveland, Ohio                           | 44108                               
|(Address of principal executive offices)                       | (Zip Code)                          

Issuer's
telephone
number (216) 541-8060

Securities
registered under

Section
12(b)
of the Exchange Act: NONE
Securities
registered
under Section 12(g) of the Exchange Act:

Class
A
Common Shares, $1.00 par value (Title of
Class)

Check whether the issuer is not required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act.[
]

Check
whether
the issuer (1) filed all reports required to be filed by Section 13 or
15(d)
of the Exchange Act during the past 12 months (or for such shorter
period
that the registrant was required to file such reports), and (2) has
been
subject to such filing requirements for the past 90 days. Yes
[X]
No[
]

Check
if
there is no disclosure of delinquent filers in response to Item 405 of
Regulation
S-B contained in this form, and no disclosure will be contained, to the
best
of registrant's knowledge, in definitive proxy or information
statements
incorporated by reference in Part III of this Form 10-KSB or any
amendment
to this Form 10-KSB. [ ]

Indicate
by
check mark whether the registrant is a shell
company
(as defined in Rule 12b-2 of the Exchange Act).Yes
[ ] No
[X]

State
issuer's revenues for its most recent fiscal year. $12,070,326

As ofDecember15, 2008,the
Registrant had793,229
voting
shares of Class A
Common
Stock outstanding and 454,866 voting shares of Class B Common Stock
outstanding.
As of such date, non-affiliates held729,663shares
of Class A Common Stock and233,098shares of Class B Common
Stock. As
of December15,
2008,
based on the closing price of$4.10per
Class A Common Share on the Over The Counter Bulletin Board, the
aggregate
market value of the Class A Common Stock held by such non-affiliates
was
approximately$2,991,618.There
is no trading market in the shares of Class B Common Stock.

Documents
Incorporated
by Reference:

|PART
OF FORM
10-KSB                       | DOCUMENT
INCORPORATED
BY REFERENCE                                                                                                                      
|----------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------
|Part
III (Items
9,
10, 11, 12, 13 and 14) | Portions
of the
Registrant's
Definitive Proxy Statement to be used in connection with its Annual
Meeting
of Shareholders to be held onFebruary
25,
2009.

Transitional Small Business Disclosure Format.
Yes [ ] No
[X]

Except as
otherwise
stated, the information contained in this Form 10-KSB is as of
September
30, 2008.

For the
fiscal
years ended September 30, 2008, 2007 and 2006, Hickok Incorporated had
revenues
of less than $25,000,000 and less than $25,000,000 in outstanding
voting
and non-voting common equity held by non-affiliates. As a result,
Hickok met
the definition of a small business issuer under Regulation S-B and has
elected
to submit its future periodic reports in accordance with the disclosure
requirements
for small business issuers under Regulation S-B.







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SIGNATURE

In
accordance with
Section
13 or 15(d) of the Exchange Act, the Registrant caused this report to
be signed
on its behalf by the undersigned, thereunto duly authorized.

| | HICKOK
INCORPORATED By:
/s/ Robert L. Bauman Robert
L. Bauman President
and Chief Executive Officer
Date: January 20, 2009
| | --------------------------------------------------------------------------------------------------------------------------

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`HICKOK INCORPORATED

                                  SCHEDULE VIII - VALUATION AND QUALIFYING ACCOUNTS


      Col. A                         Col. B                   Col. C                  Col. D          Col. E
-----------------------             ----------   -------------------------------    ---------     ------------


                                                           Additions
                                                 -------------------------------


                                    Balance at     Charged to        Charged to                        Balance
                                    Beginning      Costs and           Other                           at End
    Description                     of Period      Expenses          Accounts        Deductions       of Period
-----------------------------       ----------    ------------     ------------      -----------     ------------
Deducted from Asset Accounts:

                                                  Year Ended September 30, 2006
                                                  ------------------------------

 Reserve for doubtful accounts       $  50,000    $  22,482  (1)    $  4,244 (2)     $   1,726 (3)     $  75,000

 Reserve for inventory obsolescence  $ 425,000    $ 337,791         $      -         $  87,761 (4)     $ 675,000

 Reserve for product warranty        $  52,246    $   6,470         $      -         $  37,861         $  20,855

 Valuation allowance deferred taxes  $       -    $       -         $      -         $       -         $       -


                                                  Year Ended September 30, 2007
                                                  ------------------------------

 Reserve for doubtful accounts       $  75,000    $(69,686)  (1)    $      - (2)     $ (4,686) (3)     $  10,000

 Reserve for inventory obsolescence  $ 675,000    $ 106,259         $      -         $ 309,259 (4)     $ 472,000

 Reserve for product warranty        $  20,855    $  53,208         $      -         $  60,299         $  13,764

 Valuation allowance deferred taxes  $       -    $ 443,000         $      -         $       -         $ 443,000


                                                  Year Ended September 30, 2008
                                                  ------------------------------

 Reserve for doubtful accounts       $  10,000    $     412 (1)     $  3,504 (2)     $   3,916 (3)     $  10,000

 Reserve for inventory obsolescence  $ 472,000    $(112,601)        $      -         $ 171,399 (4)     $ 188,000

 Reserve for product warranty        $  13,764    $  99,307         $      -         $ 107,431         $   5,640

 Valuation allowance deferred taxes  $ 443,000    $ 535,000         $      -         $       -         $ 978,000



(1) Classified as bad debt expense.

(2) Recoveries on accounts charged off in prior years.

(3) Accounts charged off during year as uncollectible.

(4) Inventory charged off during the year as obsolete.`

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