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):  March 24,
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
February 26, 2009, Coachmen Industries, Inc. (the “Company”) entered into an
agreement with Forest River, Inc. (“Forest River”) with respect to certain
financial obligations under the Asset Purchase Agreement of November 20, 2008
between the Company and Forest River (the “Agreement”).  Forest River
agreed to accept a fully collateralized short term note from the Company in the
original principal amount of $2,719,454.29 (the “Note”) that allowed the Company
to pay these obligations over time.  As of March 23, 2009, the Company
had paid the Note in full.








Item 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT





On March
23, 2009, Coachmen Industries, Inc. and Robert J. Deputy, one of the Company’s
directors, entered into an agreement for a $2.3 million short-term note from the
Company in exchange for cash loaned to the Company by Mr. Deputy. The note is
collateralized by two properties, bears interest at a rate of 10% per annum, and
is on terms more favorable to the Company than those offered by alternative
sources of financing in commercial markets.  The note may be called by
the note holder at any time on or after April 20, 2009. The Company intends to
pay this note when it obtains alternative financing arrangements.





Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS





(d)                 The
following exhibit is filed as a part of this Report:





10.1
            Promissory
      Note dated March 23, 2009 in the original principal amount of
      $2,344,801.71, by Coachmen Industries, Inc. as maker and endorser, payable
      to Robert J. Deputy on or after April 20,
2009.








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:
            March
      24, 2009
            
            By:
            /s/
      James T. HoldenJames
      T. Holden, SecretaryPrinted
      Name and Title