ZOLTEK COMPANIES INC
10-C, 1996-06-25
MOTORS & GENERATORS
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<PAGE> 1

                          SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549

                                       Form 10-C

                    Report by Issuer of Securities Quoted on NASDAQ
                              Interdealer Quotation System

                      Filed pursuant to Section 13 or 15(d) of the

                    Securities Exchange Act of 1934 and Rule 13a-17

                                 or 15d-17 thereunder

                                ZOLTEK COMPANIES, INC.
                  (Exact Name of Issuer as Specified in Charter)

                                3101 McKelvey Road
                            St. Louis, Missouri 63044
                    (Address of Principal Executive Offices)

       Issuer's telephone number, including area code:  (314) 291-5110

                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

     Indicate any change (increase or decrease) of 5 percent or more in the
number of shares outstanding:

     1.  Title of security: Common Stock, $.01 par value per share

     2.  Number of shares outstanding before the change: 6,946,445

     3.  Number of shares outstanding after the change: 13,892,890

     4.  Effective date of change: June 17, 1996

     5.  Method of change:

     Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.): Stock
split (payable as a stock dividend).

     Give brief description of transaction: On June 17, 1996, Zoltek Companies,
Inc. effected a two-for-one stock split of the issued and outstanding shares
of its Common Stock, payable in the form of a stock dividend to shareholders
of record as of the close of business on June 3, 1996.

                                       ZOLTEK COMPANIES, INC.



Date:  June 24, 1996                   By:  /s/ William P. Downey
                                          -------------------------------------
                                          William P. Downey
                                          Chief Financial Officer



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