IPL SYSTEMS INC
S-8 POS, 1996-08-14
COMPUTER STORAGE DEVICES
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<PAGE>   1
     As filed with the Securities and Exchange Commission on August 14, 1996

                                                      REGISTRATION NO. 333-10025

================================================================================


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                           ---------------------------


                        POST-EFFECTIVE AMENDMENT NO. 1 TO

                                    FORM S-8

                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933

                           ---------------------------


                                IPL SYSTEMS, INC.              
             (Exact name of registrant as specified in its charter)

        MASSACHUSETTS                                             04-2511897
(State or other jurisdiction                                  (I.R.S. Employer 
     of incorporation)                                       Identification No.)

          124 ACTON STREET, MAYNARD, MASSACHUSETTS 01754 (508) 461-1000
   (Address and telephone number of registrant's principal executive offices)

                           ---------------------------


                     1996 CONSOLIDATED EQUITY INCENTIVE PLAN

                            (Full Title of the Plan)

                          RONALD J. GELLERT, PRESIDENT
                                IPL Systems, Inc.
                                124 Acton Street
                          Maynard, Massachusetts 01754
                                 (508) 461-1000
            (Name, address and telephone number of agent for service)

                                 with copies to:

                         NATHANIEL S. GARDINER, ESQUIRE
                               Palmer & Dodge LLP
                                One Beacon Street
                           Boston, Massachusetts 02108
                                 (617) 573-0293


- --------------------------------------------------------------------------------
<PAGE>   2


                          DEREGISTRATION OF SECURITIES

      Pursuant to its Registration Statement on Form S-8 (Registration No.
333-10025) filed with the Securities and Exchange Commission on August 12, 1996,
the Registrant registered an aggregate of 765,000 shares of its Class A Common
Stock to be offered pursuant to the Registrant's 1996 Consolidated Equity
Incentive Plan (the "Plan"). Because the maximum number of shares currently
authorized for issuance under the Plan is only 650,000 shares, the Registrant
hereby removes from registration 115,000 shares of its Class A Common Stock.

<PAGE>   3

                                   SIGNATURES

      Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused Post-Effective Amendment
No. 1 to this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Maynard, Commonwealth of
Massachusetts, on this 14th day of August, 1996.

                                             IPL SYSTEMS, INC. (Registrant)



                                             By:/s/ Ronald J. Gellert
                                                -----------------------------
                                                Ronald J. Gellert
                                                Agent for Service of Process




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