UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (date of earliest event reported): MARCH 20, 2007

                              WSI Industries, Inc.
             (Exact name of Registrant as Specified in its Charter)

                                    Minnesota
                 (State Or Other Jurisdiction Of Incorporation)


              000-00619                                 41-0691607
       (Commission File Number)             (I.R.S. Employer Identification No.)


            213 Chelsea Road
             Monticello, MN                                 55362
(Address Of Principal Executive Offices)                 (Zip Code)


                                 (763) 295-9202
               Registrant's Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     [ ]  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     [ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))



Items under Sections 1 and 3 through 7 are not applicable and therefore omitted.

ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

WSI Industries, Inc. (the "Company") hereby furnishes a press release, issued on
March 20, 2007, disclosing material non-public information regarding its results
of operations for the second quarter of fiscal year 2007 ended February 25,
2007.

ITEM 8.01 OTHER EVENTS

Through the press release issued on March 20, 2007, the Company also announced
that its Board of Directors has declared a dividend of $.0375 per share of
common stock payable April 17, 2007 to holders of record on April 3, 2007.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS


Exhibit No.   Description
-----------   -----------
99.1          Press Release issued on March 20, 2007.


                                    SIGNATURE

     Pursuant to the requirements 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.

                                       WSI INDUSTRIES, INC.


                                       By: /s/ Michael Pudil
                                           -------------------------------------
                                           Michael Pudil
                                           President and Chief Executive Officer

Date: March 21, 2007