<PAGE>   1
   As filed with the Securities and Exchange Commission on September 19, 2000

                                                    Registration No. 333-_______
================================================================================


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                    FORM S-8

                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

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

                                 SRS LABS, INC.
             (Exact name of registrant as specified in its charter)

         Delaware                                         33-0714264
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                        Identification No.)


2909 Daimler Street, Santa Ana, California                   92705
 (Address of Principal Executive Offices)                  (Zip Code)

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

                                 SRS LABS, INC.
                              AMENDED AND RESTATED
                         1996 LONG-TERM INCENTIVE PLAN,
                                   AS AMENDED
                            (Full title of the plan)

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

                                  John AuYeung
               Executive Vice President, Chief Operating Officer,
                Chief Financial Officer, Treasurer and Secretary
                                 SRS Labs, Inc.
                               2909 Daimler Street
                           Santa Ana, California 92705
                     (Name and address of agent for service)

                                 (949) 442-1070
          (Telephone number, including area code, of agent for service)

                        Copies of all communications to:
                           John F. Della Grotta, Esq.
                      Paul, Hastings, Janofsky & Walker LLP
                                Seventeenth Floor
                              695 Town Center Drive
                        Costa Mesa, California 92626-1924
                                 (714) 668-6200

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

                         CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
======================================================================================================================
                                                          Proposed maximum      Proposed maximum
     Title of securities             Amount to be          offering price          aggregate              Amount of
       to be registered               registered            per share(1)       offering price(1)      registration fee
----------------------------------------------------------------------------------------------------------------------

<S>                              <C>                      <C>                  <C>                    <C>
Common Stock, $.001 par value    2,500,000 shares(2)            $8.50             $21,250,000              $5,610
======================================================================================================================
</TABLE>

(1)  In accordance with Rule 457(h)(1), the price of the securities has been
     estimated pursuant to Rule 457(c) solely for the purpose of calculating the
     registration fee, and the price listed is the average of the high and low
     prices of the Registrant's Common Stock as reported on the NASDAQ National
     Market on September 14, 2000 (a date within 5 business days prior to the
     date of filing this Registration Statement).

(2)  As presently constituted, plus such indeterminate number of shares as may
     become subject to the SRS Labs, Inc. Amended and Restated 1996 Long-Term
     Incentive Plan, as amended, as a result of adjustment provisions set forth
     in such Plan and agreements entered into pursuant thereto.

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

<PAGE>   2

                     STATEMENT UNDER GENERAL INSTRUCTION E.
                      REGISTRATION OF ADDITIONAL SECURITIES

         The shares covered by this Registration Statement represent additional
shares of the Registrant's Common Stock that have become available for issuance
under the SRS Labs, Inc. Amended and Restated 1996 Long-Term Incentive Plan (the
"Incentive Plan") as a result of an amendment increasing the number of shares
authorized for issuance thereunder from 4,500,000 to 7,000,000, which amendment,
among other things, is reflected in the SRS Labs, Inc. Amended and Restated 1996
Long-Term Incentive Plan, as amended (the "Amended Incentive Plan"), which is
included as Exhibit 4.1 hereto. The Amended Incentive Plan supersedes the
Incentive Plan. Unless otherwise noted herein, the contents of the Registrant's
Form S-8 Registration Statement (File No. 333-63493) relating to the Amended
Incentive Plan are incorporated by reference into this Registration Statement.


                                     PART II

ITEM 8. EXHIBITS.

   4.1      SRS Labs, Inc. Amended and Restated 1996 Long-Term Incentive Plan,
            as amended, previously filed as Appendix A to the definitive Proxy
            Statement dated April 26, 2000 of SRS Labs, Inc., a Delaware
            corporation (the "Company"), filed with the U.S. Securities and
            Exchange Commission (the "Commission") on April 26, 2000, which is
            incorporated herein by reference.

   4.2      Certificate of Incorporation of the Company, certified by the
            Delaware Secretary of State on June 27, 1996, previously filed with
            the Commission as Exhibit 3.1 to the Company's Registration
            Statement on Form SB-2, specifically included in Amendment No. 1 to
            such Registration Statement filed with the Commission on July 3,
            1996, Registration No. 333-4974-LA, which is incorporated herein by
            reference.

   4.3      Bylaws of the Company, previously filed with the Commission as
            Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the
            period ended September 30, 1999, filed with the Commission on
            November 12, 1999, which is incorporated herein by reference.

   5.       Opinion (and consent) of Paul, Hastings, Janofsky & Walker LLP
            regarding the legality of the securities being registered hereunder.

  23.1      Consent of Paul, Hastings, Janofsky & Walker LLP (set forth as part
            of Exhibit 5 above).

  23.2      Consent of Deloitte & Touche LLP, independent auditors.

  24.       Power of Attorney (set forth on page 2).


                                       2

<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 this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Santa Ana, State of California, on September 18,
2000.


                                            SRS LABS, INC.


                                            By: /s/ THOMAS C.K. YUEN
                                                --------------------------------
                                                Thomas C.K. Yuen
                                                Chairman of the Board and Chief
                                                Executive Officer

                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Thomas C.K. Yuen and John AuYeung and
each of them singly, such person's true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for such person and in such
person's name, place and stead, in any and all capacities (including such
person's capacity as a director and/or officer of SRS Labs, Inc.), to sign any
and all amendments to this Registration Statement, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the U.S.
Securities and Exchange Commission, granting unto each said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that each said attorney-in-fact and agent, or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated:

<TABLE>
<CAPTION>

         Signature                              Title                          Date
         ---------                              -----                          ----
<S>                              <C>                                    <C>
/s/ THOMAS C.K. YUEN             Chairman of the Board and Chief        September 18, 2000
------------------------------   Executive Officer and a Director
    Thomas C.K. Yuen             (Principal Executive Officer)


/s/ JOHN AU YEUNG                Executive Vice President, Chief        September 18, 2000
------------------------------   Operating Officer, Chief Financial
    John Au Yeung                Officer, Treasurer and Secretary
                                 (Principal Financial and Accounting
                                 Officer) and a Director


/s/ ROBERT PFANNKUCH             Director                               September 18, 2000
------------------------------
    Robert Pfannkuch


/s/ JEFFREY I. SCHEINROCK        Director                               September 18, 2000
------------------------------
    Jeffrey I. Scheinrock


/s/ STEPHEN V. SEDMAK            Director                               September 18, 2000
------------------------------
    Stephen V. Sedmak
</TABLE>


                                       3



<PAGE>   4

                                INDEX TO EXHIBITS

 EXHIBIT
 NUMBER                            DESCRIPTION
 -------                           -----------
   4.1      SRS Labs, Inc. Amended and Restated 1996 Long-Term Incentive Plan,
            as amended, previously filed as Appendix A to the definitive Proxy
            Statement dated April 26, 2000 of SRS Labs, Inc., a Delaware
            corporation (the "Company"), filed with the U.S. Securities and
            Exchange Commission (the "Commission") on April 26, 2000, which is
            incorporated herein by reference.

   4.2      Certificate of Incorporation of the Company, certified by the
            Delaware Secretary of State on June 27, 1996, previously filed with
            the Commission as Exhibit 3.1 to the Company's Registration
            Statement on Form SB-2, specifically included in Amendment No. 1 to
            such Registration Statement filed with the Commission on July 3,
            1996, Registration No. 333-4974-LA, which is incorporated herein by
            reference.

   4.3      Bylaws of the Company, previously filed with the Commission as
            Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the
            period ended September 30, 1999, filed with the Commission on
            November 12, 1999, which is incorporated herein by reference.

   5.       Opinion (and consent) of Paul, Hastings, Janofsky & Walker LLP
            regarding the legality of the securities being registered hereunder.

  23.1      Consent of Paul, Hastings, Janofsky & Walker LLP (set forth as part
            of Exhibit 5 above).

  23.2      Consent of Deloitte & Touche LLP, independent auditors.

  24.       Power of Attorney (set forth on page 2).
[{"type": "S-8", "sequence": "1", "filename": "a65700s-8.txt", "description": "FORM S-8", "secsgml_size_bytes": 12297}]
{"company-data": {"conformed-name": "SRS LABS INC", "cik": "0001016470", "assigned-sic": "6794", "irs-number": "330714264", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-46126", "film-number": "725324"}, "business-address": {"street1": "2909 DAIMIER ST", "city": "SANTA ANA", "state": "CA", "zip": "92705", "phone": "9494421070"}, "mail-address": {"street1": "2909 DAIMLER ST", "city": "SANTA ANA", "state": "CA", "zip": "92705"}}
1
   As filed with the Securities and Exchange Commission on September 19, 2000

                                                    Registration No. 333-_______
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                    FORM S-8

                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

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

                                 SRS LABS, INC.
             (Exact name of registrant as specified in its charter)

         Delaware                                         33-0714264
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                        Identification No.)

2909 Daimler Street, Santa Ana, California                   92705
 (Address of Principal Executive Offices)                  (Zip Code)

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

                                 SRS LABS, INC.
                              AMENDED AND RESTATED
                         1996 LONG-TERM INCENTIVE PLAN,
                                   AS AMENDED
                            (Full title of the plan)

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

                                  John AuYeung
               Executive Vice President, Chief Operating Officer,
                Chief Financial Officer, Treasurer and Secretary
                                 SRS Labs, Inc.
                               2909 Daimler Street
                           Santa Ana, California 92705
                     (Name and address of agent for service)

                                 (949) 442-1070
          (Telephone number, including area code, of agent for service)

                        Copies of all communications to:
                           John F. Della Grotta, Esq.
                      Paul, Hastings, Janofsky & Walker LLP
                                Seventeenth Floor
                              695 Town Center Drive
                        Costa Mesa, California 92626-1924
                                 (714) 668-6200

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

                         CALCULATION OF REGISTRATION FEE
======================================================================================================================
                                                          Proposed maximum      Proposed maximum
     Title of securities             Amount to be          offering price          aggregate              Amount of
       to be registered               registered            per share(1)       offering price(1)      registration fee
----------------------------------------------------------------------------------------------------------------------
Common Stock, $.001 par value    2,500,000 shares(2)            $8.50             $21,250,000              $5,610
======================================================================================================================
(1)  In accordance with Rule 457(h)(1), the price of the securities has been
     estimated pursuant to Rule 457(c) solely for the purpose of calculating the
     registration fee, and the price listed is the average of the high and low
     prices of the Registrant's Common Stock as reported on the NASDAQ National
     Market on September 14, 2000 (a date within 5 business days prior to the
     date of filing this Registration Statement).

(2)  As presently constituted, plus such indeterminate number of shares as may
     become subject to the SRS Labs, Inc. Amended and Restated 1996 Long-Term
     Incentive Plan, as amended, as a result of adjustment provisions set forth
     in such Plan and agreements entered into pursuant thereto.

================================================================================
2

                     STATEMENT UNDER GENERAL INSTRUCTION E.
                      REGISTRATION OF ADDITIONAL SECURITIES

         The shares covered by this Registration Statement represent additional
shares of the Registrant's Common Stock that have become available for issuance
under the SRS Labs, Inc. Amended and Restated 1996 Long-Term Incentive Plan (the
"Incentive Plan") as a result of an amendment increasing the number of shares
authorized for issuance thereunder from 4,500,000 to 7,000,000, which amendment,
among other things, is reflected in the SRS Labs, Inc. Amended and Restated 1996
Long-Term Incentive Plan, as amended (the "Amended Incentive Plan"), which is
included as Exhibit 4.1 hereto. The Amended Incentive Plan supersedes the
Incentive Plan. Unless otherwise noted herein, the contents of the Registrant's
Form S-8 Registration Statement (File No. 333-63493) relating to the Amended
Incentive Plan are incorporated by reference into this Registration Statement.

                                     PART II

ITEM 8. EXHIBITS.

   4.1      SRS Labs, Inc. Amended and Restated 1996 Long-Term Incentive Plan,
            as amended, previously filed as Appendix A to the definitive Proxy
            Statement dated April 26, 2000 of SRS Labs, Inc., a Delaware
            corporation (the "Company"), filed with the U.S. Securities and
            Exchange Commission (the "Commission") on April 26, 2000, which is
            incorporated herein by reference.

   4.2      Certificate of Incorporation of the Company, certified by the
            Delaware Secretary of State on June 27, 1996, previously filed with
            the Commission as Exhibit 3.1 to the Company's Registration
            Statement on Form SB-2, specifically included in Amendment No. 1 to
            such Registration Statement filed with the Commission on July 3,
            1996, Registration No. 333-4974-LA, which is incorporated herein by
            reference.

   4.3      Bylaws of the Company, previously filed with the Commission as
            Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the
            period ended September 30, 1999, filed with the Commission on
            November 12, 1999, which is incorporated herein by reference.

   5.       Opinion (and consent) of Paul, Hastings, Janofsky & Walker LLP
            regarding the legality of the securities being registered hereunder.

  23.1      Consent of Paul, Hastings, Janofsky & Walker LLP (set forth as part
            of Exhibit 5 above).

  23.2      Consent of Deloitte & Touche LLP, independent auditors.

  24.       Power of Attorney (set forth on page 2).

                                       2
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 this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Santa Ana, State of California, on September 18,
2000.

                                            SRS LABS, INC.

                                            By: /s/ THOMAS C.K. YUEN
                                                --------------------------------
                                                Thomas C.K. Yuen
                                                Chairman of the Board and Chief
                                                Executive Officer

                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Thomas C.K. Yuen and John AuYeung and
each of them singly, such person's true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for such person and in such
person's name, place and stead, in any and all capacities (including such
person's capacity as a director and/or officer of SRS Labs, Inc.), to sign any
and all amendments to this Registration Statement, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the U.S.
Securities and Exchange Commission, granting unto each said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that each said attorney-in-fact and agent, or their or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated:
Signature                              Title                          Date
         ---------                              -----                          ----
/s/ THOMAS C.K. YUEN             Chairman of the Board and Chief        September 18, 2000
------------------------------   Executive Officer and a Director
    Thomas C.K. Yuen             (Principal Executive Officer)

/s/ JOHN AU YEUNG                Executive Vice President, Chief        September 18, 2000
------------------------------   Operating Officer, Chief Financial
    John Au Yeung                Officer, Treasurer and Secretary
                                 (Principal Financial and Accounting
                                 Officer) and a Director

/s/ ROBERT PFANNKUCH             Director                               September 18, 2000
------------------------------
    Robert Pfannkuch

/s/ JEFFREY I. SCHEINROCK        Director                               September 18, 2000
------------------------------
    Jeffrey I. Scheinrock

/s/ STEPHEN V. SEDMAK            Director                               September 18, 2000
------------------------------
    Stephen V. Sedmak
3
4

                                INDEX TO EXHIBITS

 EXHIBIT
 NUMBER                            DESCRIPTION
 -------                           -----------
   4.1      SRS Labs, Inc. Amended and Restated 1996 Long-Term Incentive Plan,
            as amended, previously filed as Appendix A to the definitive Proxy
            Statement dated April 26, 2000 of SRS Labs, Inc., a Delaware
            corporation (the "Company"), filed with the U.S. Securities and
            Exchange Commission (the "Commission") on April 26, 2000, which is
            incorporated herein by reference.

   4.2      Certificate of Incorporation of the Company, certified by the
            Delaware Secretary of State on June 27, 1996, previously filed with
            the Commission as Exhibit 3.1 to the Company's Registration
            Statement on Form SB-2, specifically included in Amendment No. 1 to
            such Registration Statement filed with the Commission on July 3,
            1996, Registration No. 333-4974-LA, which is incorporated herein by
            reference.

   4.3      Bylaws of the Company, previously filed with the Commission as
            Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the
            period ended September 30, 1999, filed with the Commission on
            November 12, 1999, which is incorporated herein by reference.

   5.       Opinion (and consent) of Paul, Hastings, Janofsky & Walker LLP
            regarding the legality of the securities being registered hereunder.

  23.1      Consent of Paul, Hastings, Janofsky & Walker LLP (set forth as part
            of Exhibit 5 above).

  23.2      Consent of Deloitte & Touche LLP, independent auditors.

  24.       Power of Attorney (set forth on page 2).