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
___________________
December 24, 1998
(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
Incorporation) Number)
90 Taylor Drive, North Tonawanda, New York 14120-0748
(Address of principal executive offices)
716-694-0800
(Registrant's telephone number, including area code)<PAGE>
Item 5. Other Events.
On December 24, 1998, the Board of Directors voted unanimously
to authorize Registrant's President and Chief Executive Officer,
Douglas P. Taylor, to use approximately $225,000 of Registrant's
cash on hand to purchase shares of its outstanding common stock,
$.025 par value ("Shares") from selling shareholders. Purchases
may be made from time to time, commencing the date of this Report
until December 31, 1999, at the then current market price of the
Shares. Registrant expects to execute the program through
open-market purchases.
Exhibits filed as part of this Report:
Exhibit Number Page in sequential numbering system
where Exhibit is found
(99) Press release dated 3
January 5, 1999
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: January 5, 1999 By: /s/Douglas P. Taylor, President
and Chief Executive Officer<PAGE>
Exhibit 99
PRESS RELEASE DATED JANUARY 5, 1999
Contact: Henry T. Rockwell
(203) 262-6596
FOR IMMEDIATE RELEASE
TAYLOR DEVICES, INC. TO PURCHASE SHARES
North Tonawanda, NY, January 5, 1999 Taylor Devices, Inc.
(NASDAQ: TAYD) announced today that its Board of Directors
authorized the Company's President and Chief Executive
Officer,Douglas P. Taylor, to use approximately $225,000 of cash on
hand to purchase shares of the Company's outstanding common stock,
$.025 par value, from selling shareholders. Purchases may be made
from time to time, commencing immediately, until December 31, 1999,
at the then current market price of the Shares. The Company expects
to execute the program through open-market purchases.
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.
