ONLINE POWER SUPPLY INC
8-K, 2000-03-01
ELECTRIC SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 and 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (date of earliest event reported):   February 29, 2000


                            ONLINE POWER SUPPLY, INC.
- - --------------------------------------------------------------------------------
              Exact Name of Registrant as Specified in its Charter)

            Nevada                       00-29669                84-1176494
- - -------------------------------   ---------------------    ---------------------
 (State or other jurisdiction     (Commission File No.)      (I.R.S. Employer
       of incorporation)                                    Identification No.)



     6909 South Holly Circle, Suite 200
     Englewood, Colorado 80112                                   80112
- - -------------------------------------------------------    ---------------------
 (Address of Principal Executive Offices)                      (Zip Code)


       Registrant's telephone number, including area code: (303) 741-5641


                                 Not Applicable
- - --------------------------------------------------------------------------------
               (Former Name, Former Address or Former Fiscal Year,
                          if Changed From Last Report)




<PAGE>


ITEM 5.   OTHER EVENTS

         On February  29, 2000 Larry G. Arnold  resigned as the Chief  Executive
Officer  and a  director  of OnLine  Power  Supply,  Inc.,  to  pursue  personal
interests.  Mr.  Arnold  had held  these  positions  since  July  1996.  Kris M.
Budinger,  President  and Chief  Operating  Officer,  will act as interim  Chief
Executive  Officer  while the board of directors  considers  candidates  for the
position.

        Mr.  Arnold's  resignation  will not  result in a change in  control  of
OnLine Power Supply, Inc. and is not expected to adversely impact operations.


                                   SIGNATURES

         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 hereunto duly authorized.

                                            ONLINE POWER SUPPLY, INC.


Dated: March 1, 2000                        By:       /s/    Kris M. Budinger
                                                   -----------------------------
                                                   KRIS M. BUDINGER, President


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