Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

At its meeting on October 11, 2009, the Board of Directors (the "Board") of Carpenter Technology Corporation (the "Company") accepted the resignation of Anne L. Stevens in her capacities as President and Chief Executive Officer of the Company and Chairperson and as a member of the Board.

On October 11, 2009, the Board appointed Gregory A. Pratt, a member of the Board since 2002, to serve as Chairperson of the Board and as interim President and Chief Executive Officer of the Company, replacing Anne L. Stevens in those positions. The Company is currently conducting a search for a Chief Executive Officer to serve as Ms. Stevens' successor, after which Mr. Pratt will serve as non-executive Chairperson.

Additional information concerning Mr. Pratt, including his business experience, is incorporated by reference from the section captioned "Election of Directors" in the Company's proxy statement filed with the Securities and Exchange Commission on September 14, 2009.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

(a) At its meeting on October 11, 2009, the Board amended the By-Laws of the Company, effective as of October 11, 2009, to provide that the role of Chairperson shall no longer be an officer of the Company and to make certain other changes consistent therewith. The sections of the By-Laws that were added or amended were sections 2.11, 4.1, 4.3, 5.1 and 6.3.

Item 9.01. Financial Statements and Exhibits

Exhibit

3.2 By-Laws of Carpenter Technology Corporation, as last amended effective October 11, 2009

99.1 Press Release, dated October 12, 2009

---