SECURITIES AND EXCHANGE COMMISSION


                             WASHINGTON, D.C. 20549
                              ---------------------


                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): November 6, 2003



                              KEY TECHNOLOGY, INC.
             (Exact name of registrant as specified in its charter)



           OREGON                         0-21820               93-0822509
(State or other jurisdiction     (Commission File Number)     (IRS Employer
      of incorporation)                                     Identification No.)





                                150 Avery Street
                          Walla Walla, Washington 99362
               (Address of principal executive offices) (Zip Code)



                                 (509) 529-2161
              (Registrant's telephone number, including area code)







Item 7.      Financial Statements and Exhibits.

         (c) Exhibits.

         Exhibit No.  Description
         -----------  ----------------------------------------------------------

         99.1         Key Technology, Inc. Press Release, dated November 6, 2003



Item 12.     Regulation FD Disclosure.

On November 6, 2003, Key Technology, Inc, ("Key") issued a press release
regarding Key's financial results for its fourth fiscal quarter and year ended
September 30, 2003. The full text of Key's press release, together with the
related Statement of Selected Operating Information and Selected Balance Sheet
Information, are attached hereto as Exhibit 99.1.

This information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.








                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this current report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.

                                                     KEY TECHNOLOGY, INC.



                                                     /s/ PHYLLIS BEST
                                                     ---------------------------
                                                     Phyllis Best
                                                     Chief Financial Officer

Dated:  November 6, 2003








                                  EXHIBIT INDEX


    Exhibit No.    Description
    -----------    -------------------------------------------------------------

       99.1        Key Technology, Inc. Press Release, dated November 6, 2003