diff --git a/salt/engines/stalekey.py b/salt/engines/stalekey.py
index <HASH>..<HASH> 100644
--- a/salt/engines/stalekey.py
+++ b/salt/engines/stalekey.py
@@ -51,7 +51,7 @@ def _get_keys():
 
 def start(interval=3600, expire=604800):
     ck = salt.utils.minions.CkMinions(__opts__)
-    presence_file = '{0}/minions/presence.p'.format(__opts__['cachedir'])
+    presence_file = '{0}/presence.p'.format(__opts__['cachedir'])
     wheel = salt.wheel.WheelClient(__opts__)
 
     while True:
Create presence.p directly in cachedir

salt-key  was stacktracing when finding the presence.p file
in /var/cache/salt/master/minions