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                       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): June 21, 2001





                           SUN HYDRAULICS CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)




          Florida                       0-21835                   59-2754337
- ----------------------------        ----------------         ------------------
(State or other jurisdiction          (Commission             (IRS Employer
     of incorporation)                File Number)          Identification No.)





     1500 West University Parkway
          Sarasota, Florida                                        34243
- ----------------------------------------                      --------------
(Address of principal executive offices)                        (Zip Code)




Registrant's telephone number, including area code: 941-362-1200


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ITEM 5.  OTHER EVENTS.

PRESS RELEASE

         On June 21, 2001, the Registrant issued the press release attached
hereto as Exhibit 99.1 announcing the declaration of $0.04 per share dividend to
shareholders of record as of June 30, 2001.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (a)      Financial Statements of Businesses Acquired.

                  None.

         (b)      Pro Forma Financial Information.

                  None.

         (c)      Exhibits.



      Exhibit
      Number                           Exhibit Description
      ------                           -------------------
                  
       99.1          Press Release of the Registrant dated June 21, 2001.








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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.


                                    SUN HYDRAULICS CORPORATION



                                    By: /s/ Richard J. Dobbyn
                                        ----------------------------------------
                                        Richard J. Dobbyn
                                        Chief Financial Officer (Principal
                                        Financial and Accounting Officer)

Dated:   June 22, 2001






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                                  EXHIBIT INDEX



      Exhibit
      Number                           Exhibit Description
      ------                           -------------------
                  
       99.1          Press Release of the Registrant dated June 21, 2001.