AJAY SPORTS INC
8-K, 1998-12-15
SPORTING & ATHLETIC GOODS, NEC
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                                    FORM 8-K


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                 CURRENT REPORT

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


                                December 14, 1998
                                 Date of Report



                                AJAY SPORTS, INC.
             (Exact Name of Registrant as specified in its charter)


                  Delaware             0-18204             39-1644025
                ---------------        -----------        --------------
               (State or other         (Commission       (I.R.S. Employer
                jurisdiction of         file number)     Identification Number)
                incorporation or
                organization)


         1501 E. Wisconsin Street
         Delavan, WI                                             53115
         ----------------------------------------                ------
         (Address of Principal Executive Offices)              (Zip Code)


   Registrant's telephone number, including area code: (414) 728-5521


                                       N/A
                    --------------------------------------------
          Former name or former address, if changed from last report


<PAGE>


 ITEM 5:  Other Events

     On December 14, 1998, Ajay Sports,  Inc. (the "Registrant")  announced that
its Board of  Directors  has  extended  the  expiration  date of the Ajay Sports
publicly traded common stock warrants until June 30, 1999. The warrants were set
to expire on December 31, 1998  had they not been  extended.  As a result of the
1-for-6 reverse split of the Company's common stock in August 1998, the exercise
of six  warrants  allows the holder to purchase one share of the common stock of
Ajay Sports for $6.00 per share. The warrants are traded  over-the-counter under
the symbol "AJAYW".


<PAGE>



                                   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 thereunto duly authorized.


 Date: December 15, 1998

                                AJAY SPORTS, INC.


 
                                  By s\Robert R. Hebard
                                    --------------------------
                                   Robert R. Hebard, Secretary










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