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
___________________
May 10, 1999
(Date of Report (date of earliest event reported))
TAYLOR DEVICES, INC.
(Exact name of registrant as specified in charter)
New York 0-3498 16-0797789
(State or other (Commission File (IRS Employer
Jurisdiction of Number Identification No.)
Incorporation
90 Taylor Drive, North Tonawanda, New York 14120-0748
(Address of principal executive offices) (Zip Code)
716-694-0800
(Registrant's telephone number, including area code)
Item 5. Other Events.
In order to reduce Registrant's administrative expenses, on May 10,
1999, the Board of Directors voted unanimously to authorize
Registrant's President and Chief Executive Officer, Douglas P.
Taylor, to use approximately $75,000 of Registrant's cash on hand
to make an offer to purchase all, but not less than all, shares
tendered by each and every shareholder who, on June 8, 1999, owns
beneficially or of record, fewer than 100 Shares ("Eligible
Shareholders") (the "Offer") of Registrant's outstanding common
stock, $.025 par value ("Shares"). Acceptance of the Registrant's
odd lot tender offer by any shareholder is voluntary. Eligible
Shareholders will be paid $3.30 per Share for every Share tendered,
and will not be charged any broker's fees, commissions or other
charges. The Offer will commence on June 11, 1999 and expire on
July 12, 1999, unless extended for an additional period.
Shareholders holding shares purchased pursuant to the Registrant's
Employee Stock Purchase Plan and Stock Option Plan are not eligible
to participate in the Offer.
The Board of Directors and Management of the Registrant make no
recommendation as to whether any Eligible Shareholder should accept
the Offer.
Exhibits filed as part of this Report:
Exhibit Number Page in sequential numbering
System where Exhibit is found
(99) Press release dated
June 8, 1999 3
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.
TAYLOR DEVICES, INC.
(registrant)
DATED: June 8, 1999 By: /s/ Douglas P. Taylor
Douglas P. Taylor, President
And Chief Executive Officer
Exhibit 99
PRESS RELEASE DATED JUNE 8, 1999
Contact: Rockwell Associates
(203) 262-6596
FOR IMMEDIATE RELEASE
TAYLOR DEVICES, INC. TO PURCHASE SHARES
North Tonawanda, NY, June 8, 1999 Taylor Devices, Inc.
(NASDAQ:TAYD) announced today that, in order to reduce
administrative expenses, the Board of Directors authorized the
Company's President and Chief Executive Officer, Douglas P. Taylor,
to use approximately $75,000 of the Company's cash on hand to offer
to purchase all, but not less than all, of the shares tendered by
any shareholder owning beneficially or of record as of June 8,
1999, fewer than 100 shares of the Company's outstanding common
stock,$.025 par value. Acceptance of the Company's odd lot tender
offer is voluntary. Eligible shareholders will be paid $3.30 per
share for every share tendered, and will not be charged any
broker's fees, commissions or other charges. The Offer will
commence on June 11, 1999 and expire on July 12, 1999, unless
extended for an additional period. Shareholders holding shares
purchased pursuant to the Company's Employee Stock Purchase Plan
and Stock Option Plan are not eligible to participate in the Offer.
The Board of Directors and Management of the Company make no
recommendation as to whether any Eligible Shareholder should accept
the Offer.
Taylor Devices, Inc. employs over 80 people in Western New
York, and designs, develops, manufactures, and markets tension
control, energy storage and shock absorption devices for use in
various types of machinery, equipment and structures, including
devices for seismic protection and isolation of wind-induced
vibration.
