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





Date of
report (Date of earliest event reported:  November 12,
2009)





COACHMEN
INDUSTRIES, INC.


(Exact
name of registrant as specified in its charter)





INDIANA
            
            1-7160
            
            35-1101097(State
      or other jurisdiction
            
            (Commission
      File Number)
            
            (I.R.S.
      Employerof
      incorporation or organization)
            
            
            
            Identification
      No.)2831
      Dexter Drive, Elkhart, Indiana
            
            
            
            46514(Address
      of Principal Executive Offices)
            
            
            
            (Zip
      Code)(574)
      266-2500(Registrant’s
      telephone number,including
      area code)N /
      A(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:





□
            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 1.02
TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT





On
November 12, 2009, Coachmen Industries, Inc. (the “Company”) received
confirmation that the Industrial Revenue Bonds (“IRB”) for which the Company was
previously responsible and which were issued by the Rutherford County (NC)
Industrial Facilities and Pollution Control Authority and the Industrial
Development Authority of Franklin County, Virginia had been redeemed, that the
original Letters of Credit issued by Bank of America in support of these IRB
obligations had been returned to Bank of America by their respective holders,
and that Bank of America would release the restricted cash accounts belonging to
the Company and held by Bank of America as collateral for the Letters of Credit
upon request of the Company.  On November 13, 2009, the Company
requested that Bank of America release the balance of the Company’s restricted
cash accounts, and that Bank of America close all of the Company’s remaining
accounts and transfer all funds to the Company’s accounts at Lake City
Bank.  The satisfaction of these IRB obligations, the return of the
original Letters of Credit, and the closure of the Company’s remaining bank
accounts with Bank of America, including restricted cash accounts, has resulted
in the return of approximately $408,000 in cash to the Company.








SIGNATURE





Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.





COACHMEN
INDUSTRIES, INC.








Date:
            November
      16, 2009
            
            By:
            /s/
      James T. HoldenJames
      T. Holden, SecretaryPrinted
      Name and Title