| UNITED STATES  SECURITIES AND EXCHANGE COMMISSION  Washington, D.C.  20549**FORM 10-K/A  Amendment No. 1** |
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| (Mark One)                                                                                                      |
| [X]                                                                                                             |   | ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE |
|                                                                                                            |   | SECURITIES EXCHANGE ACT OF 1934      For the fiscal year ended **December 31, 2008                                  ** or |
| [  ]                                                                                                       |   | TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE |
|                                                                                                            |   | SECURITIES EXCHANGE ACT OF 1934      For the transition period from __________ to __________ |
| Commission File Number **0-2757**                                                                          |

| **THE MONARCH CEMENT COMPANY**(Exact name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        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| **Kansas**(State or other jurisdiction of       incorporation or organization)                                                                    
** 48-0340590**(IRS employer identification no.)
**P.O. Box 1000, Humboldt, Kansas 66748-0900**(Address of principal executive offices)     (zip  code)

Registrant's telephone number, including area code:  **(620) 473-2222**Securities registered pursuant to Section 12(b) of the Act:  **None**Securities registered pursuant to Section 12(g) of the Act:    Title of Class:  **Capital Stock, par value $2.50 per share                               Class B Capital Stock, par value $2.50 per share**
Indicate by check mark if the registrant is a well-known  seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes ____   No  XIndicate by check mark if the registrant is not required to  file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ____   No  X Indicate by check mark whether the registrant (1) has filed  all reports required to be filed by Section 13 or 15(d) of the Securities  Exchange Act of 1934 during the preceding 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____Indicate by check mark if disclosure of delinquent filers  pursuant to Item 405 of Regulation S-K is not contained herein, and will not  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-K or any amendment to this Form 10-K.  [X]Indicate by check mark whether the registrant is a large accelerated      filer, an accelerated filer, a non-accelerated filer or a smaller      reporting company.  See the definitions of "large accelerated filer",      "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the      Exchange Act. (Check one): 
   Large accelerated filer           __            Accelerated filer                            X  
    Non-accelerated file __  
(Do not check if a smaller reporting company)Smaller reporting company     __  
Indicate by check mark whether the registrant is a shell company (as      defined in Rule 12b-2 of the Act). Yes __  No  X  The aggregate market value of the voting and non-voting  common equity held by non-affiliates computed by reference to the average bid  and asked prices of such common equity as of the last business day of the  registrant's most recently completed second fiscal quarter was		$88,582,390.As of      March 4, 2009, the registrant had outstanding      2,523,014 shares of Capital Stock, par value $2.50 per share, and      1,501,184  shares of Class B Capital Stock, par value $2.50 per share. 
 DOCUMENTS INCORPORATED BY REFERENCE

Portions of the following documents are incorporated by  reference into the indicated parts of this report: (1) the registrant's annual  report to stockholders for the year ended December 31, 2008 - Parts I, II and  IV of Form 10-K and (2) the registrant's definitive proxy statement prepared  in connection with the annual meeting of stockholders to be held on	April 8,  2009 - Parts II and III of Form 10-K.
 
EXPLANATORYNOTE

The Monarch Cement Company, aKansas corporation, ("Monarch") is filing this Amendment No. 1 on Form 10-K/Asolely for the purpose of correcting the date in the principal financial officercertification originally filed as Exhibit 31.2 to Monarch's Form 10-K for thefiscal year ended December 31, 2008 (the "Original Filing"). New certificationsof the Company's principal executive officer and principal financial officerhave been attached as exhibits to this Amendment No. 1. Except as set forthabove, no other changes have been made to the Original Filing. This AmendmentNo. 1 continues to speak as of the date of the Original Filing and the Companyhas not updated the disclosure in this Amendment No. 1 to reflect events whichoccurred following the date of the Original Filing.
 
**PART I**

**ITEM 1.     BUSINESS**

We referto pages 1, 2, 34 and 35 of The Monarch Cement Company's 2008 Annual Report toStockholders (filed herewith as Exhibit 13) for a description of the Company'sbusiness, including information regarding lines of business.  Such descriptionis hereby incorporated herein by reference.  In addition, we submit thefollowing information: 

TheCompany did not introduce any new products nor begin to do business in a newindustry segment during 2008. 

TheCompany owns and operates quarries located near its Humboldt, Kansas plant. Such quarries contain all essential raw materials presently used by theCompany.  The Company's total reserves, including these quarries and otherproperty located near the plant, are estimated to be sufficient to maintainoperations at the Humboldt plant's present capacity for more than 50 years.  Whilethese raw materials are accessible to the Company, we have determined thatadditional capital expenditures will be needed to improve the movement of rawmaterials to our plant.  We refer you to the disclosure under the heading"Capital Resources" in our 2008 Annual Report to Stockholders (filed herewith asExhibit 13), which is incorporated herein by reference. 

TheCompany's products are marketed under registered trademarks using the name"MONARCH".  The Company's operations are not materially dependent on anytrademarks, franchises, patents or on any licenses relating to the use thereof. 

Portlandcement is the basic material used in the production of ready-mixed concrete thatis used in highway, bridge and building construction.  These constructionactivities are seasonal in nature.  During winter months when the ground isfrozen, groundwork preparation cannot be completed.  Cold temperatures affectconcrete set-time, strength and durability, limiting its use in winter months. Dry ground conditions are also required for construction activities to proceed.During the summer, winds and warmer temperatures tend to dry the ground quickercreating fewer delays in construction projects.   

Variationsin weather conditions from year-to-year significantly affect the demand for ourproducts during any particular quarter; however, our Company's highest revenueand earnings historically occur in its second and third fiscal quarters, Aprilthrough September. 

It is necessary for theCompany to invest a significant portion of its working capital in inventories. At December 31, 2008 the Company had inventories as follows:
Cement$4,507,180       Work in process1,681,765Building products5,069,230Fuel, gypsum and other materials6,312,135Operating and maintenance supplies 10,943,746Total$28,514,056 
1.
 
The  Company is heavily dependent upon the construction industry and is directly  affected by the level of activity in that industry.  However, no customer  accounted for 10% or more of the Company's consolidated net revenue during  2008, 2007 or 2006.  

Backlog  of customers' orders is not a material factor in the Company's business. 

The  Company has no contracts that are subject to renegotiation of profits or  termination thereof at the election of the government.
Themanufacture and sale of cement and ready-mixed concrete are extremelycompetitive enterprises.  A number of producers, including several nationwidemanufacturers, compete for business with the Company in its market area.  TheCompany is not a significant factor in the nationwide portland cement orready-mixed concrete business but does constitute a significant market factorfor cement in its market area.  Cement generally is produced to meet standardspecifications and there is little differentiation between the products sold bythe Company and its competitors.  Accordingly, competition exists primarily inthe areas of price and customer service.

TheCompany did not spend a material amount in the last three fiscal years onCompany sponsored research and development.  However, the Company is a member ofthe Portland Cement Association which conducts research for the cement industry.

TheCompany has, during the past several years, made substantial capitalexpenditures for pollution control equipment.  The Company also incurs normaloperating and maintenance expenditures in connection with its pollution controlequipment.

AtDecember 31, 2008, the Company and its subsidiaries employed approximately 630employees including 485 hourly employees and 145 salaried employees, whichincluded plant supervisory personnel, sales and executive staff.  Of the 630total employees, approximately 36% are union employees. Approximately 26% ofthose union employees (9% of our total employees) are covered by contracts thatexpire in 2009. The Company believes it has a good working relationship withits employees and has been successful in negotiating multi-year union contractswithout work stoppages. 

All ofthe Company's operations and sales are in one geographic area consistingprimarily of the State of Kansas, the State of Iowa, southeast Nebraska, westernMissouri, northwest Arkansas and northern Oklahoma. 

TheCompany's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, CurrentReports on Form 8-K, and any amendments to those reports filed with or furnishedto the Securities and Exchange Commission, are available free of charge throughthe "SEC Filings" link of the Company's website,http://www.monarchcement.com, assoon as reasonably practicable after filing with or furnished to the SEC. Thesereports are also available to read and copy at the SEC's Public Reference Roomat 100 F Street, NE, Washington, DC 20549.  Information on the operation of thePublic Reference Room can be obtained by calling the SEC at 1-800-SEC-0330.  Inaddition, the SEC maintains an Internet site that contains reports, proxy andinformation statements, and other information regarding issuers that fileelectronically with the SEC at http://www.sec.gov.

2.

**ITEM 1A.  RISK  FACTORS**

We  refer to pages 10 and 11 of The Monarch Cement Company's 2008 Annual Report to  Stockholders (filed herewith as Exhibit 13) for a description of the Company's  market risk. Such information is hereby incorporated herein by reference.

**ITEM 1B.  UNRESOLVED STAFFCOMMENTS**

None.

**ITEM 2.     PROPERTIES**

TheCompany's corporate office and cement plant, including equipment and rawmaterials are located at Humboldt, Kansas, approximately 110 miles southwest ofKansas City, Missouri.  The Company owns approximately 5,000 acres of land onwhich the Humboldt plant, offices and all essential raw materials are located. Construction completed in 2006 increased our plant's capacity allowing us toproduce in excess of one million tons of cement per year.  Producing at thatlevel, raw material reserves are estimated to be sufficient to maintainoperations at this plant for more than 50 years. The Company believes that thisplant and equipment are suitable and adequate for its current level ofoperations and provides for increases in market demand.  The Company isinstalling a fuel handling system which is expected to be completed in the thirdquarter of 2009 at a cost of approximately $4.0 million.  Projects in theplanning and design phases include an overland conveyor system to improveefficiencies in moving raw materials.  We refer to page 9 of the Company's 2008Annual Report to Stockholders (filed herewith as Exhibit 13) for a more detaileddescription of the Company's capital resources and improvements underconsideration. Such information is hereby incorporated herein by reference.

TheCompany also owns approximately 250 acres of land in Des Moines, Iowa on whichit operates a cement terminal.  The Company transfers cement produced inHumboldt, Kansas to this terminal for distribution to Iowa customers.  TheCompany also owns a rock quarry located near Earlham, Iowa, approximately 30miles west of Des Moines, Iowa.  Approximately 300 acres of this 400 acre tracthave been quarried and the Company has contracted with a third party to quarryand sell the remaining rock.  This quarry operation will not have a materialeffect on the Company's overall operations. 

TheCompany owns various companies which sell ready-mixed concrete, concreteproducts and sundry building materials in metropolitan areas within the Humboldtcement plant's primary market.  Various equipment and facility improvements inthis line of business ensure these plants are suitable and adequate for theircurrent level of operations and provide for increases in market demand. Individual locations do not have a material effect on the Company's overalloperations.

**ITEM 3.     LEGAL  PROCEEDINGS**

TheCompany and Tulsa Dynaspan, Inc. (TDI) a subsidiary of the Company, aredefendants in a case brought by David Markle, Richard Evilsizer, and five othernamed plaintiffs, filed in the District Court of Tulsa County, Oklahoma, onDecember 29, 2004 and amended on January 19,

3.

 2005, January 6, 2006, August 18, 2006, and January 12,2007.  Prior to the August 18, 2006 amendment, Plaintiffs dismissed claims they had previouslyasserted for defamation and various business torts, derivative claims brought onbehalf of the Company, and claims to ownership of an invention relating toparking garage construction.  Markle and Evilsizer remain as Plaintiffs; thefive other original Plaintiffs remain in the action only as counterclaimdefendants.  Plaintiffs seek an award of actual and exemplary damages from theCompany, one of its directors and four of TDI's directors for alleged breach offiduciary duties owed to TDI, based upon derivative and breach of contractclaims.  The Company has asserted a counterclaim based upon breach of contractagainst Markle and TDI has asserted counterclaims based upon breach of fiduciaryduty, misappropriation, violations of the Computer Fraud and Abuse Act and theOklahoma Trade Secrets Act, unjust enrichment, and various business tortsagainst all of the original plaintiffs. Plaintiffs also seek an order from theCourt that the Company purchase Plaintiffs' shares of TDI stock for fair value. On April 10, 2007, the Court heard arguments on various motions andsubsequently entered the following orders: Monarch and the individual directors'motion for summary judgment dismissing all of Plaintiffs' claims was granted;Monarch's motion for summary judgment on its pre-termination competition claimagainst Markle was granted; TDI's motion for summary judgment against Plaintiffsfor unjust enrichment and breach of fiduciary duty was granted; Markle's motionfor partial summary judgment on the non-compete agreement executed by theparties was denied. Additional hearings to establish TDI's and Monarch's damageswill be necessary; all of Plaintiffs' claims have now been dismissed.  Becauseof the failure of certain plaintiffs to participate in a pretrial conference theproceedings are now bifurcated.  Markle and Evilsizer have filed bankruptcy. Complaints to collect damages from Markle and Evilsizer have been filed in theBankruptcy courts.  Monarch claims against Markle in bankruptcy were dismissedas duplicative; TDI's claim against Markle and Monarch's claim against Evilsizerremain pending.  A hearing on actual and punitive damages against ParkingBuilders, GBS and ENCO was held on February 1, 2008.  On February 29, 2008, TDIwas awarded $3,117,574 in actual damages and an additional $3,117,574 inpunitive damages against GBS and ENCO; TDI was awarded $1,614,720 in actualdamages and an additional $1,614,720 in punitive damages against ParkingBuilders.  No assurances can be given as to the collectability of these damageawards.  TDI has settled its claims against Martin and Bobbitt.

**ITEM 4.     SUBMISSION OF  MATTERS TO A VOTE OF SECURITY  HOLDERS**

TheCompany did not submit any matter to a vote of security holders, through thesolicitation of proxies or otherwise, during the fourth quarter of 2008.

 

**PART II**

**ITEM 5.     MARKET FOR  REGISTRANT'S COMMON EQUITY,  RELATED STOCKHOLDER                       MATTERS  AND ISSUER PURCHASES OF EQUITY  SECURITIES**

Pursuantto General Instruction G(2) to Form 10-K, the information required by this Itemis incorporated herein by reference to the material responsive to this Item onpages 11 and 12 of the Company's 2008 Annual Report to Stockholders.  Inaddition we submit the following information: 

4.

TheCompany's Board of Directors is responsible for determining the amount andtiming of dividend payments.  For several years the Company paid a $.20 pershare dividend in January, March,June and September.  Beginning with the April 2006 Board of Directors' meeting,the Board elected to increase these dividends to $.21 per share; at the April2007 Board of Directors' meeting, the Board increased the dividend to $.22 pershare; and at the April 2008 Board of Directors' meeting, the Board increased thedividend to $.23 per share.  All dividends are discretionary and are based onpast financial performance and availability of funds. The Company is notrestricted regarding payment of dividends, but does have a financial covenantwhich requires the Company to maintain a tangible net worth of $90 million andan adjusted tangible net worth, which is tangible net worth before othercomprehensive income, of $95 million.  The minimum net worth requirements could impact theCompany's ability to pay dividends in the future.  The Company was in compliancethese requirements at year end. 

TheCompany does not have any compensation plans or individual compensationarrangements under which equity securities of the registrant are authorized forissuance to employees or non-employees. 

TheCompany did not sell any of its equity securities during 2008.  The Companyrepurchased 2,760 shares of its equity securities in isolated, open-markettransactions during the fourth quarter of 2008.  These repurchases were asfollows:                                            
        Maximum      Total Number Number of      of Shares  Shares that      Purchased as May Yet Be  Total Number   Part of Publicly Purchased  of Shares Average Price  Announced   Under the      Period                           Purchased*     Paid    per Share              Plans            PlansOctober 1-31 -           -           -           -          November 1-30 2,060 $23.54 -        -       December 1-31     700 $25.48 -           -                 Total  2,760 $24.03 -        -       
*    In 1996, our Board of Directors authorized the purchase,through open market transactions, of up to 400,000 shares of our Company'scommon stock.  Management was given discretion to determine the number andpricing of the shares to be purchased, as well as, the timing of any suchpurchases.  After taking into account the 2,760 shares purchased during thefourth quarter of 2008, our Company continues to have authority to purchase124,332 shares of our common stock at management's discretion.

**ITEM 6.     SELECTED  FINANCIAL DATA**

Pursuantto General Instruction G(2) to Form 10-K, the information required by this Itemis incorporated herein by reference to the material responsive to this Item onpage 1 of the Company's 2008 Annual Report to Stockholders.

5.

**ITEM 7.     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL  CONDITION AND                       RESULTS OF  OPERATIONS**

Pursuantto General Instruction G(2) to Form 10-K, the information required by this Itemis incorporated herein by reference to the material responsive to this Item onpages 2 through 11 of the Company's 2008 Annual Report to Stockholders. Inaddition we submit the following information: 

TheCompany does not have any off-balance sheet arrangements.

**ITEM7A.  QUANTITATIVE AND QUALITATIVE  DISCLOSURES ABOUT MARKET  RISK**

Pursuantto General Instruction G(2) to Form 10-K, the information required by this Itemis incorporated herein by reference to the materials responsive to this Item onpages 10 and 11 of the Company's 2008 Annual Report to Stockholders.  Inaddition we submit the following information: 

InDecember 2008, Monarch renewed and modified the loan agreement with its currentlender, Bank of Oklahoma, N.A., under similar terms as the prior agreement.Monarch's current unsecured credit commitment consists of a $25.0 million termloan maturing December 31, 2014 and a $15.0 million line of credit maturingDecember 31, 2009.  The Company has $17,241,547 of bank loans as of December 31,2008.  Under the new loan agreement, interest rates on the Company's term loanare variable and are based on the lender's national prime rate less .75% with a3.00% interest rate minimum or floor.  Interest rates on the Company's line ofcredit are variable and are based on the lender's national prime rate less 1.25%with a 2.50% interest rate minimum or floor.  Prior to the renewal, interest onthe Company's term loan was variable and was based on the JP Morgan Chase primerate less .75%.  Interest on the line of credit varied with the lender'sNational Prime rate less 1.25% for 2008 and 1.00% for 2007.

**ITEM 8.     FINANCIAL  STATEMENTS AND SUPPLEMENTARY  DATA**

Pursuantto General Instruction G(2) to Form 10-K, the information required by this Itemis incorporated herein by reference to the material responsive to this Item onpages 16 through 38 of the Company's 2008 Annual Report to Stockholders.

**ITEM 9.     CHANGES IN AND  DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND                       FINANCIAL DISCLOSURE**

  None

**ITEM 9A.   CONTROLS  AND PROCEDURES**

TheCompany maintains disclosure controls and procedures (as defined in Rules13a-15(e) and 15d-15(e) under the Exchange Act) that are designed to ensure thatinformation required to be disclosed in the Company's reports under the ExchangeAct is recorded, processed, summarized and reported within the time periodsspecified in the rules and forms of the Securities and Exchange Commission, andthat such information is accumulated and communicated to the

6.

Company's management,  including its President and Chairman of the Board of Directors and Chief  Financial Officer, as appropriate, to allow timely decisions regarding  required disclosures.  Any controls and procedures, no matter how well  designed and operated, can provide only reasonable assurance of achieving the  desired control objectives.

As of theend of the period covered by this report, an evaluation was carried out by theCompany's management, including its President and Chairman of the Board ofDirectors and Chief Financial Officer, of the  effectiveness of its disclosure controls and procedures (as defined in Rule  13a-15(e) under the Securities Exchange Act of 1934). Based upon that  evaluation, the Company's President and Chairman of the  Board of Directors and Chief Financial Officer concluded that these disclosure  controls and procedures were effective as of the end of the period covered by  this report. 

                 Pursuant to  General Instruction G(2) to Form 10-K, the information required by this Item  with respect to internal control over financial reporting is incorporated  herein by reference to the material responsive to this Item with respect to  such information on pages 13 through 15 of the Company's 2008 Annual Report to  Stockholders.  In addition, we submit the following information: 

                 There has  been no change in our Company's internal control over financial reporting that  occurred during the fiscal quarter ended December 31, 2008 that has materially  affected, or is reasonably likely to materially affect, our internal control  over financial reporting.

**ITEM  9B.   OTHER INFORMATION**

There  was no information required to be disclosed, but not reported, in a report on  Form 8-K during the fourth quarter of 2008.

**PART III**

**ITEM 10.   DIRECTORS  , EXECUTIVE OFFICERS AND CORPORATE  GOVERNANCE** 

  Pursuant to General Instruction G(3) to Form 10-K, the information required by  this Item is incorporated herein by reference to the material responsive to  this Item on pages 2 through 8, 14 and 15 of the Company's definitive proxy  statement prepared in connection with its 2009 annual meeting of stockholders  pursuant to Regulation 14A and previously filed with the Commission.   In  addition we submit the following information: 

The  Company has adopted an Ethics Policy for directors, corporate officers and  corporate staff employees including, our principal executive officer,  principal financial officer, principal accounting officer and persons  performing similar functions.  This Ethics Code is posted on our internet  website (http://www.monarchcement.com)  under "About Us, Ethics Policy" and is available for your examination.  Any  substantive amendment to, or waiver from, a provision of this Code that  applies to our principal executive officer, principal financial officer,  principal accounting officer or persons performing similar functions will be  disclosed in a report on Form 8-K.

7.

**ITEM  11.   EXECUTIVE COMPENSATION**

  Pursuant to General Instruction G(3) to Form 10-K, the information required by  this Item is incorporated herein by reference to the material responsive to  this Item on pages 8 through 13 of the Company's definitive proxy statement  prepared in connection with its 2009 annual meeting of stockholders pursuant  to Regulation 14A and previously filed with the Commission.

**ITEM 12.    SECURITY OWNERSHIP OF CERTAIN  BENEFICIAL OWNERS AND MANAGEMENT AND                       RELATED  STOCKHOLDER MATTERS**

  Pursuant to General Instruction G(3) to Form 10-K, the information required by  this Item is incorporated herein by reference to the material responsive to  this Item on pages 7 and 8 of the Company's definitive proxy  statement prepared in connection with its 2009 annual meeting of stockholders  pursuant to Regulation 14A and previously filed with the Commission.  In  addition we submit the following information: 

The  Company does not have any compensation plans or individual compensation  arrangements under which equity securities of the registrant are authorized  for issuance to employees or non-employees.

**ITEM 13.   CERTAIN  RELATIONSHIPS AND RELATED TRANSACTIONS, AND  DIRECTOR                       INDEPENDENCE**

Pursuant  to General Instruction G(3) to Form 10-K, the information required by this  Item is incorporated herein by reference to the material responsive to this  Item on pages 2, 9 and 10 of the Company's definitive proxy statement prepared  in connection with its 2009 annual meeting of stockholders pursuant to  Regulation 14A and previously filed with the Commission.

**ITEM  14.   PRINCIPAL ACCOUNTING  FEES AND SERVICES**

                 Pursuant to General Instruction G(3) to Form 10-K, the information required by  this Item is incorporated herein by reference to the material responsive to  this Item on pages 13 and 14 of the Company's definitive proxy statement  prepared in connection with its 2009 annual meeting of stockholders pursuant  to Regulation 14A and previously filed with the Commission.

**PART IV**

**ITEM 15.   EXHIBITS,  FINANCIAL STATEMENT SCHEDULES**

**FINANCIAL  STATEMENTS**

  The report of  Independent Registered Public Accounting Firm--BKD,  LLP; the Consolidated Balance Sheets--December 31, 2008  and 2007; the Consolidated Statements of Income for the Years Ended December  31, 2008, 2007 and 2006; the Consolidated Statements of Comprehensive Income  for the Years Ended December 31, 2008, 2007 and 2006; the Consolidated  Statements of Stockholders' Investment for the Years Ended December 31, 2008,  2007 and 2006; 

8.

the Consolidated Statements  of Cash Flows for the Years Ended December 31, 2008, 2007 and 2006; and the Notes to Consolidated  Financial Statements are incorporated by reference in Item 8 to this report  from the Company's 2008 Annual Report to Stockholders on pages 16 through 38.

   

**SUPPORTING SCHEDULES**

  Schedule II -- Valuation and Qualifying Accounts

**EXHIBITS**

  3(i)         Articles of Incorporation.  (Filed with the Company's Annual  Report on Form 10-K for the year ended December 31, 1994 (File No. 0-2757) as  Exhibit 3(i) and incorporated herein by reference.)

  3(ii)         By-laws.  (Filed with the Company's  Current Report on Form  8-K dated April 12, 2006 (File No. 0-2757) as Exhibit 3(ii)  and incorporated herein by reference.)

  10.1        Loan agreement dated January 1, 2001, between the Bank of  Oklahoma N.A. and The Monarch Cement Company.  (Filed with the Company's  Quarterly Report on Form 10-Q for the quarter ended September 30, 2001 (File  No. 0-2757) as Exhibit 10.1 and incorporated herein by reference.)

  10.1(a)   First amendment to agreement dated January 1, 2001, between the  Bank of Oklahoma N.A. and The Monarch Cement Company.  (Filed with the  Company's Annual Report on Form 10-K for the year ended December 31, 2002  (File No. 0-2757) as Exhibit 10.1(a) and incorporated herein by reference.)

  10.1(b)   Second amendment to agreement dated January 1, 2001, between the  Bank of Oklahoma N.A. and The Monarch Cement Company as amended by first  amendment dated December 31, 2002.  (Filed with the Company's Annual Report on  Form 10-K for the year ended December 31, 2003 (File No. 0-2757) as Exhibit  10.1(b) and incorporated herein by reference.)

  10.1(c)    Third amendment to agreement dated January 1, 2001, between the  Bank of Oklahoma N.A. and The Monarch Cement Company as amended by first  amendment dated December 31, 2002 and second amendment dated December 31,  2003.  (Filed with the Company's Annual Report on Form 10-K for the year ended  December 31, 2004 (File No. 0-2757) as Exhibit 10.1(c) and incorporated herein  by reference.)

9.

  10.1(d)   Fourth amendment to agreement dated January 1, 2001, between the  Bank of Oklahoma N.A. and The Monarch Cement Company as amended by first  amendment dated December 31, 2002, second amendment dated December 31, 2003 and third amendment dated  December 31, 2004. (Filed with the Company's Annual Report on Form 10-K for  the year ended December 31, 2005 (File No. 0-2757) as Exhibit 10.1(d) and  incorporated herein by reference.)

  10.1(e)   Fifth amendment to agreement dated January 1, 2001, between the  Bank of Oklahoma N.A. and The Monarch Cement Company as amended by first  amendment dated December 31, 2002, second amendment dated December 31, 2003,  third amendment dated December 31, 2004 and fourth amendment dated January 1,  2006.  (Filed with the Company's Annual Report on Form 10-K for the year  ended December 31, 2006 (File No. 0-2757) as Exhibit 10.1(e) and incorporated  herein by reference.)

  10.1(f)    Sixth amendment to agreement dated January 1, 2001, between the  Bank of Oklahoma N.A. and The Monarch Cement Company as amended by first  amendment dated December 31, 2002, second amendment dated December 31, 2003,  third amendment dated December 31, 2004, fourth amendment dated January 1,  2006 and fifth amendment dated December 31, 2006.  (Filed with the Company's Annual Report on Form 10-K for the year ended  December 31, 2007 (File No. 0-2757) as Exhibit  10.1(f) and incorporated herein by reference.)

  10.1(g) Seventh amendment to agreement dated January 1, 2001, between the Bank  of Oklahoma N.A. and The Monarch Cement Company  as amended by first amendment dated December 31, 2002, second amendment dated  December 31, 2003, third amendment dated  December 31, 2004, fourth amendment dated January 1, 2006, fifth amendment  dated December 31, 2006, and sixth amendment  dated December 31, 2007. 

  13           2008 Annual  Report to Stockholders.

  21           Subsidiaries of the Registrant.

  31.1        Certificate of the President and Chairman of the Board  pursuant to Section  13a-14(a)/15d-14(a) of the Securities Exchange Act of  1934.

  31.2        Certificate of the Chief Financial Officer pursuant to  Section  13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.

  32.1        18 U.S.C. Section 1350 Certificate of the President and Chairman  of the Board.

  32.2        18 U.S.C. Section 1350 Certificate of the Chief Financial Officer.

10.

**SIGNATURES**

Pursuant  to the requirements of Section 13 or 15(d) of the Securities Exchange Act of  1934, the registrant has duly caused this report to be signed on its behalf by  the undersigned, thereunto duly authorized.

  THE MONARCH CEMENT COMPANY  (Registrant)

  By:     /s/ Walter H. Wulf, Jr.                                        Walter  H. Wulf, Jr.                    President                            

  Date:        March 18, 2009                                      

   

   

   

   

   

   

11.

 

** **

**Report of Independent RegisteredPublic Accounting Firm onFinancial Statement Schedules** 

 

Audit Committee, Board of Directors and StockholdersThe Monarch Cement CompanyHumboldt, Kansas 

In connection with our audit of the consolidated financialstatements of The Monarch Cement Company for each of the three years in theperiod ended December 31, 2008, we have also audited the following financialstatement schedules.  These financial statement schedules are the responsibilityof the Company's management.  Our responsibility is to express an opinion onthese financial statement schedules based on our audits of the basicconsolidated financial statements.  The schedules are presented for purposes ofcomplying with the Securities and Exchange Commission's rules and regulationsand are not a required part of the consolidated financial statements.

In our opinion, the financial statement schedules referredto above, when considered in relation to the basic consolidated financialstatements taken as a whole, present fairly, in all material respects, theinformation required to be included therein.

                                                                                   **BKD, LLP**

 

Kansas City, MissouriMarch 11, 2009

 

 

 

THE MONARCH CEMENT COMPANY AND SUBSIDIARIES

SCHEDULE II -- VALUATION AND QUALIFYING ACCOUNTS

FOR THE THREE YEARS ENDED DECEMBER 31, 2008

 

Description
Balance at Beginning of Period Additions Charged to Costs and Expenses Deduction from Reserves Balance at End of Period     
(1)
  
FOR THE YEAR ENDED DECEMBER 31, 2008:   Reserve for doubtful accounts
$ 640,000     $ 428,000       $ 280,000     $ 788,000        FOR THE YEAR ENDED DECEMBER 31, 2007:   Reserve for doubtful accounts$ 641,000 $ 290,000 $ 291,000 $ 640,000        FOR THE YEAR ENDED DECEMBER 31, 2006:   Reserve for doubtful accounts$ 602,000 $ 277,000 $ 238,000 $ 641,000
                                                                                                                                                                 

  

    (1) Writeoff of uncollectible accounts, net of collections on accountspreviously written off.

 

 

 

 

 13.

EXHIBIT INDEX

            Exhibit Number                                       Description                                                                                     3(i)             Articles ofIncorporation.  (Filed with the Company's Annual Report                                                on Form 10-Kfor the year ended December 31, 1994 (File                                                 No. 0-2757) asExhibit 3(i) and incorporated herein by reference.)

                         3(ii)             By-laws. (Filed with the Company's Current Report on Form 8-K                                               dated April 12, 2006 (File No. 0-2757) as Exhibit 3(ii)and                                                incorporated herein by reference.)

                        10.1             Loan agreementdated January 1, 2001, between the Bank of                                                 Oklahoma N.A and The Monarch Cement Company.  (Filed                                                 with theCompany's Quarterly Report on Form 10-Q for the                                                 quarter endedSeptember 30, 2001 (File No. 0-2757) as                                                 Exhibit 10.1and incorporated herein by reference.)

                        10.1(a)        First amendment toagreement dated January 1, 2001, between the                                                Bank ofOklahoma N.A. and The Monarch Cement Company.                                                (Filed withthe Company's Annual Report on Form 10-K for                                                 the year endedDecember 31, 2002 (File No. 0-2757) as                                                 Exhibit10.1(a) and incorporated herein by reference.)

                        10.1(b)        Second amendment toagreement dated January 1, 2001, between the                                                Bank ofOklahoma N.A. and The Monarch Cement Company, as                                                 amended byfirst amendment dated December 31, 2002. (Filed                                                 with theCompany's Annual Report on Form 10-K for the year                                                 ended December31, 2003 (File No. 0-2757) as Exhibit 10.1(b)                                               andincorporated herein by reference.)

                        10.1(c)        Third amendment toagreement dated January 1, 2001, between the                                                Bank ofOklahoma N.A. and The Monarch Cement Company                                                as amended byfirst amendment dated December 31, 2002 and                                               second amendment dated December 31, 2003. (Filed                                                with the Company's Annual Report on Form 10-K for the year                                                ended December 31, 2004 (File No. 0-2757) as Exhibit 10.1(c)                                                and incorporated herein by reference.)

                        10.1(d)        Fourth amendment toagreement dated January 1, 2001, between the                                                Bank ofOklahoma N.A. and The Monarch Cement Company                                                as amended byfirst amendment dated December 31, 2002,                                                 secondamendment dated December 31, 2003 and third amendment                                                dated December31, 2004. (Filed with the Company's Annual Report                                                on Form 10-K for the year ended December 31, 2005 (File No. 0-2757)                                               as Exhibit 10.1(d) and incorporated herein by reference.)

                        10.1(e)         Fifth amendment toagreement dated January 1, 2001, between the                                                Bank of Oklahoma N.A. and The Monarch Cement Company                                                as amended by first amendment dated December 31, 2002,                                                second amendment dated December 31, 2003, third amendment                                                dated December 31, 2004 and fourth amendment dated                                                January 1,  2006.  (Filed with the Company's Annual Report on                                               Form 10-K for the year ended December 31, 2006 (File No. 0-2757)                                               as Exhibit 10.1(e) and incorporated herein by reference.)
                        10.1(f)         Sixth amendment to agreement dated January 1, 2001, between the                                                 Bank of Oklahoma N.A. and The Monarch Cement Company                                                as amended by first  amendment dated December 31, 2002,                                                second amendment dated December 31, 2003,  third amendment                                                dated December 31, 2004, fourth amendment dated                                                January 1,  2006 and fifth amendment dated December 31, 2006.                                               (Filed with the Company's Annual Report on Form 10-K for the                                               year ended December 31, 2007 (File No. 0-2757) as Exhibit 10.1(f)                                                and incorporated hereinby reference.)                       
                      10.1(g)         Seventh amendment toagreement dated January 1, 2001, between the                                               Bank of Oklahoma N.A. and The Monarch Cement Company                                               as amended by first amendment dated December 31, 2002,                                               second amendment dated December 31, 2003, third amendment                                               dated December 31, 2004, fourth amendment dated                                               January 1, 2006, fifth amendment dated December 31, 2006, and                                               sixth amendment dated December 31, 2007. 

                        13                2008Annual Report to Stockholders.

                        21                Subsidiaries ofthe Registrant.

                        31.1             Certificate of the President and Chairman of theBoard pursuant to                                               Section13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.

                      31.2             Certificate of the Chief Financial Officer pursuantto Section                                                13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.

                      32.1             18 U.S.C. Section 1350 Certificate of the Presidentand Chairman                                                of the Board.

                      32.2             18 U.S.C. Section 1350 Certificate of the ChiefFinancial Officer. |