UNITED
STATES
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
November 5,
2010
Date of Report (Date of
earliest event reported)
TAYLOR DEVICES, INC. |
(Exact name of registrant as specified in its charter) |
New York |
0-3498 |
16-0797789 |
(State or other
jurisdiction |
(Commission
File |
(IRS
Employer |
90 Taylor Drive, North Tonawanda, New York |
. |
14120-0748 |
(Address of principal executive offices) |
(Zip Code) |
Registrant's telephone number, including area code: (716) 694-0800
(Former name or former address, if changed since last report) |
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following
provisions:
[ ] Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 1 - Registrant's
Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On November 5, 2010, the Board of
Directors of Taylor Devices, Inc. voted unanimously to enter into a share
repurchase agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated
("MLPF&S") under which the Company will repurchase shares of its common
stock. The Board authorized Douglas P. Taylor, the Registrant's President
and Chief Executive Officer, to use approximately $500,000 of Registrant's cash
on hand to repurchase shares of its outstanding common stock, $.025 par value
("Shares") through open-market purchases. Purchases may be made from time
to time, commencing on the date of this report until November 5, 2011, at the
then current market price of the Shares. Repurchases will be made by
MLPF&S for the benefit of the Registrant.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description | |
|
|
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) |
Date: November 5, 2010 |
By: /s/ Douglas P. Taylor |
Douglas P. Taylor, President | |
and Chief Executive Officer |
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