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|   |   |   |
|--------|--------|--------|

| For the fiscal year ended December 31, 2008 |   | Commission File Number 1-3924 |
|---------------------------------------------|--------|-------------------------------|

| Delaware(State or other jurisdictionof incorporation or organization)                 |   | 95-2078752(I.R.S. EmployerIdentification Number) |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------|
|                                                                                  |   |                                             |
| 1330 Post Oak Blvd., Suite 2000Houston, Texas(Address of Principal Executive Offices) |   | 77056(Zip Code)                                  |

|   | Title of each class          |   |   | Name of each exchangeon which registered |   |
|--------|------------------------------|--------|--------|------------------------------------------|--------|
|   | Common Stock, $.50 par value |   |   | American                                 |   |

| Large accelerated filer o | Accelerated filer o | Non-accelerated filer o | Smaller reporting company x |
|---------------------------|---------------------|-------------------------|-----------------------------|

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|                                                                                  |   | MAXXAM INC.                                                                            |
|---------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|
|                                                                                  |   |                                                                                   |
|                                                                                  |   |                                                                                   |
|                                                                                  |   |                                                                                   |
| Date:           March 31, 2009 | By:    | CHARLES E. HURWITZ                                                                     |
|                                                                                  |   | Charles E. HurwitzChairman of the Board of Directors and Chief Executive Officer  |

| Date:                                                                                 |  March 31, 2009 | By:                                                                                                  | CHARLES E. HURWITZ                                                                                                  |
|---------------------------------------------------------------------------------------|----------------------|------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|
|                                                                                  |                 |                                                                                                 | Charles E. HurwitzChairman of the Board of Directors and Chief Executive Officer(Principal Executive Officer)  |
| Date:           March 31, 2009 | By:                  | SHAWN M. HURWITZ                                                                                     |
|                                                                                  |                 | Shawn M. HurwitzVice Chairman of the Board of Directors andPresident                                 |
|                                                                                  |                 |                                                                                                 |
| Date:           March 31, 2009 | By:                  | M. EMILY MADISON                                                                                     |
|                                                                                  |                 | M. Emily MadisonVice President, Finance(Principal Accounting Officer andPrincipal Financial Officer) |
|                                                                                  |                 |                                                                                                 |
| Date:           March 31, 2009 | By:                  | ROBERT J. CRUIKSHANK                                                                                 |
|                                                                                  |                 | Robert J. CruikshankDirector                                                                         |
|                                                                                  |                 |                                                                                                 |
| Date:           March 31, 2009 | By:                  | J. KENT FRIEDMAN                                                                                     |
|                                                                                  |                 | J. Kent FriedmanDirector                                                                             |
|                                                                                  |                 |                                                                                                 |
| Date:           March 31, 2009 | By:                  | EZRA G. LEVIN                                                                                        |
|                                                                                  |                 | Ezra G. LevinDirector                                                                                |
|                                                                                  |                 |                                                                                                 |
| Date:           March 31, 2009 | By:                  | STANLEY D. ROSENBERG                                                                                 |
|                                                                                  |                 | Stanley D. RosenbergDirector                                                                         |
|                                                                                  |                 |                                                                                                 |
| Date:           March 31, 2009 | By:                  | MICHAEL J. ROSENTHAL                                                                                 |
|                                                                                  |                 | Michael J. RosenthalDirector                                                                         |

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