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



Date of Report (Date of earliest event reported): May 13, 2002
                                                  -------------


                          COLUMBUS MCKINNON CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                                    NEW YORK
                 ----------------------------------------------
                 (State or other jurisdiction of incorporation)



               0-27618                         16-0547600
       ------------------------     ---------------------------------
       (Commission File Number)     (IRS Employer Identification No.)



140 JOHN JAMES AUDUBON PARKWAY, AMHERST, NEW YORK                14228-1197
-------------------------------------------------                ----------
    (Address of principal executive offices)                     (Zip Code)




Registrant's telephone number including area code: (716) 689-5400
                                                   --------------



-------------------------------------------------------------
(Former name or former address, if changed since last report)


<PAGE>

Item 5.  OTHER EVENTS

         On May 13, 2002, the registrant announced the sale of substantially all
of the assets of its subsidiary  Automatic  Systems,  Inc.  (ASI).  This sale is
reported in the fiscal 2002  financial  statements as  discontinued  operations;
prior period results have been restated to reflect the classification of the ASI
business  as a  discontinued  operation.  The ASI  business  was  the  principal
business unit of the Company's former Solutions - Automotive  segment. A copy of
the asset purchase  agreement,  the press release issued in connection with such
action,  and a schedule of quarterly segment  reporting  showing  continuing and
discontinued  operations are attached  hereto as Exhibits 10.1,  99.1, and 99.2,
respectively.


Item 7.  EXHIBITS


EXHIBIT NUMBER          DESCRIPTION

10.1                    Asset Purchase Agreement

99.1                    Press Release dated May 13, 2002

99.2                    Quarterly Segment Reporting Showing Continuing and
                        Discontinued Operations - Fiscal 2002 and Fiscal 2001





<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 hereunto duly authorized.





                                          COLUMBUS MCKINNON CORPORATION
                                          -----------------------------

                                          By:    /S/ ROBERT L. MONTGOMERY, JR.
                                                 -----------------------------
                                          Name:  Robert L. Montgomery, Jr.
                                          Title: Executive Vice President


Dated:  MAY 28, 2002
        -------------




<PAGE>

                                  EXHIBIT INDEX



EXHIBIT NUMBER          DESCRIPTION
---------------         -----------

     10.1               Asset Purchase Agreement

     99.1               Press Release dated May 13, 2002

     99.2               Quarterly Segment Reporting Showing Continuing and
                        Discontinued Operations - Fiscal 2002 and Fiscal 2001
[{"type": "8-K", "sequence": "1", "filename": "asisale.txt", "description": "SALE OF ASI", "secsgml_size_bytes": 3749}]
[{"company-data": {"conformed-name": "YALE INDUSTRIAL PRODUCTS INC", "cik": "0001062624", "irs-number": "710585582", "state-of-incorporation": "MO", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-53759-06", "film-number": "02664037"}, "business-address": {"street1": "140 JOHN JAMES AUDUBON PARKWAY", "city": "AMHERST", "state": "NY", "zip": "19228-1197", "phone": "7166895400"}}, {"company-data": {"conformed-name": "AUTOMATIC SYSTEMS INC", "cik": "0001062623", "irs-number": "430978181", "state-of-incorporation": "MO", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-53759-05", "film-number": "02664038"}, "business-address": {"street1": "140 JOHN JAMES AUDUBON PARKWAY", "city": "AMHERST", "state": "NY", "zip": "19228-1197", "phone": "7166895400"}}, {"company-data": {"conformed-name": "LICO STEEL INC", "cik": "0001062622", "state-of-incorporation": "MO", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-53759-04", "film-number": "02664039"}, "business-address": {"street1": "140 JOHN JAMES AUDUBON PARKWAY", "city": "AMHERST", "state": "NY", "zip": "19228-1197", "phone": "7166895400"}}, {"company-data": {"conformed-name": "COLUMBUS MCKINNON CORP", "cik": "0001005229", "assigned-sic": "3531", "irs-number": "160547600", "state-of-incorporation": "NY", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27618", "film-number": "02664036"}, "business-address": {"street1": "140 JOHN JAMES AUDUBON PKWY", "city": "AMHERST", "state": "NY", "zip": "14228-1197", "phone": "7166895400"}, "mail-address": {"street1": "140 JOHN JAMES AUDUBON PARKWAY", "city": "AMHERST", "state": "NY", "zip": "14228-1197"}}]
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

Date of Report (Date of earliest event reported): May 13, 2002
                                                  -------------

                          COLUMBUS MCKINNON CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    NEW YORK
                 ----------------------------------------------
                 (State or other jurisdiction of incorporation)

               0-27618                         16-0547600
       ------------------------     ---------------------------------
       (Commission File Number)     (IRS Employer Identification No.)

140 JOHN JAMES AUDUBON PARKWAY, AMHERST, NEW YORK                14228-1197
-------------------------------------------------                ----------
    (Address of principal executive offices)                     (Zip Code)

Registrant's telephone number including area code: (716) 689-5400
                                                   --------------

-------------------------------------------------------------
(Former name or former address, if changed since last report)
Item 5.  OTHER EVENTS

         On May 13, 2002, the registrant announced the sale of substantially all
of the assets of its subsidiary  Automatic  Systems,  Inc.  (ASI).  This sale is
reported in the fiscal 2002  financial  statements as  discontinued  operations;
prior period results have been restated to reflect the classification of the ASI
business  as a  discontinued  operation.  The ASI  business  was  the  principal
business unit of the Company's former Solutions - Automotive  segment. A copy of
the asset purchase  agreement,  the press release issued in connection with such
action,  and a schedule of quarterly segment  reporting  showing  continuing and
discontinued  operations are attached  hereto as Exhibits 10.1,  99.1, and 99.2,
respectively.

Item 7.  EXHIBITS

EXHIBIT NUMBER          DESCRIPTION

10.1                    Asset Purchase Agreement

99.1                    Press Release dated May 13, 2002

99.2                    Quarterly Segment Reporting Showing Continuing and
                        Discontinued Operations - Fiscal 2002 and Fiscal 2001
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.

                                          COLUMBUS MCKINNON CORPORATION
                                          -----------------------------

                                          By:    /S/ ROBERT L. MONTGOMERY, JR.
                                                 -----------------------------
                                          Name:  Robert L. Montgomery, Jr.
                                          Title: Executive Vice President

Dated:  MAY 28, 2002
        -------------
EXHIBIT INDEX

EXHIBIT NUMBER          DESCRIPTION
---------------         -----------

     10.1               Asset Purchase Agreement

     99.1               Press Release dated May 13, 2002

     99.2               Quarterly Segment Reporting Showing Continuing and
                        Discontinued Operations - Fiscal 2002 and Fiscal 2001