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 <TITLE>FORM S-8 REGISTRATION STATEMENT</TITLE>
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<P ALIGN="left"> <FONT SIZE="2"><B><FONT FACE="serif"> <FONT FACE="Times New Roman, Times, serif">As filed with the Securities and Exchange Commission on October 26, 2000</FONT></FONT></B> </FONT></P>
<P ALIGN="right"><B><FONT SIZE="2" FACE="Times New Roman, Times, serif">Registration No. 333&#150;_____</FONT></B></P>
<HR NOSHADE SIZE=2>
<P ALIGN="center"><B><FONT SIZE="4" FACE="Times New Roman, Times, serif">SECURITIES AND EXCHANGE COMMISSION</FONT><FONT SIZE="2" FACE="Times New Roman, Times, serif">
<BR>
Washington, D.C. 20549</FONT></B></P>
<P ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>FORM S&#150;8
<BR>
REGISTRATION STATEMENT
<BR>
UNDER
<BR>
THE SECURITIES ACT OF 1933</B></FONT></P>
<P ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B><FONT SIZE="5">PECO II, INC.</FONT>
<BR>
(Exact Name of Registrant as Specified in its Charter)</B></FONT></P>
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<TR>
<TD> <DIV ALIGN="center"><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Ohio</FONT></B></FONT></DIV>
</TD>
<TD> <DIV ALIGN="center"></DIV>
</TD>
<TD> <DIV ALIGN="center"><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">34&#150;1605456</FONT></B></FONT></DIV>
</TD>
</TR>
<TR VALIGN="top">
<TD> <DIV ALIGN="center"><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">(State or Other Jurisdiction of
<BR>
Incorporation or Organization)</FONT></B></FONT></DIV>
</TD>
<TD> <DIV ALIGN="center"></DIV>
</TD>
<TD> <DIV ALIGN="center"><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">(I.R.S. Employer Identification No.)</FONT></B></FONT></DIV>
</TD>
</TR>
</TABLE>
<P ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>1376 State Route 598
<BR>
Galion, Ohio 44833
<BR>
(Address of Principal Executive Offices, including Zip Code)</B></FONT></P>
<HR WIDTH="200" SIZE="1" NOSHADE>
<P ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B><FONT SIZE="4">PECO II, INC. 2000 PERFORMANCE PLAN</FONT>
<BR>
(Full Title of the Plan)</B></FONT></P>
<HR WIDTH="200" SIZE="1" NOSHADE>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR>
<TD WIDTH="50%">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>Matthew P. Smith</B></FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>Copy to:</B></FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>President and Chief Executive Officer</B></FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>John J. Jenkins</B></FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>PECO II, Inc.</B></FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>Calfee, Halter &amp; Griswold LLP</B></FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>1376 State Route 598</B></FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>1400 McDonald Investment Center</B></FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>Galion, Ohio 44833</B></FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>800 Superior Avenue</B></FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>(419) 468-7600</B></FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>Cleveland, Ohio 44114</B></FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="50%"> <DIV ALIGN="left"></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="50%"> <DIV ALIGN="left"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>(216) 622-8200</B></FONT></DIV>
</TD>
</TR>
</TABLE>
<P ALIGN="center"><B><FONT SIZE="2" FACE="Times New Roman, Times, serif">(Name, Address and Telephone Number, Including Area Code of Agent for Service)</FONT></B><HR WIDTH="200" SIZE="1" NOSHADE><DIV ALIGN="center">
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>CALCULATION OF REGISTRATION FEE</B> </FONT></P>
</DIV>
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<TR VALIGN="bottom">
<TH> <DIV ALIGN="center"><FONT SIZE="1" FACE="Times New Roman, Times, serif">Title of
<BR>
Securities
<BR>
To Be
<BR>
Registered</FONT></DIV>
<HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="1"> </TH>
<TH>&nbsp;</TH>
<TH> <DIV ALIGN="center"><FONT SIZE="1" FACE="Times New Roman, Times, serif">Amount
<BR>
To Be
<BR>
Registered<SUP>(1)</SUP>
</FONT></DIV>
<HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="1"> </TH>
<TH>&nbsp;</TH>
<TH> <DIV ALIGN="center"><FONT SIZE="1" FACE="Times New Roman, Times, serif">Proposed
<BR>
Maximum
<BR>
Offering
<BR>
Price Per
<BR>
Share</FONT></DIV>
<HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="1"> </TH>
<TH>&nbsp;</TH>
<TH> <DIV ALIGN="center"><FONT SIZE="1" FACE="Times New Roman, Times, serif">Proposed
<BR>
Maximum
<BR>
Aggregate
<BR>
Offering
<BR>
Price</FONT></DIV>
<HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="1"> </TH>
<TH>&nbsp;</TH>
<TH> <DIV ALIGN="center"><FONT SIZE="1" FACE="Times New Roman, Times, serif">Amount of
<BR>
Registration
<BR>
Fee<SUP>(3)</SUP>
</FONT></DIV>
<HR NOSHADE ALIGN="right" WIDTH="100%" SIZE="1"> </TH>
</TR>
<TR>
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif">Common Shares, without par value</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD> <DIV ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">2,500,000</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD> <DIV ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$40.25<SUP>(2)</SUP>
</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD> <DIV ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$100,625,000</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD> <DIV ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$26,565</FONT></DIV>
</TD>
</TR>
</TABLE>
<P>
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<TR>
<TD WIDTH="3%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(1)</FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="96%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Pursuant to Rule 416 under the Securities Act of 1933, the number of shares being registered shall include an indeterminate number of additional common shares issued or which
become issuable as a result of a stock split, stock dividend or similar transaction in accordance with the relevant provisions of the PECO II, Inc. 2000 Performance Plan.</FONT> </TD>
</TR>
<TR>
<TD WIDTH="3%" VALIGN="top">&nbsp;</TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="96%" VALIGN="top">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="3%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(2)</FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="96%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Calculated pursuant to Rule 457(c) and (h) under the Securities Act of 1933, based upon the average of the high and low prices of the Common Shares reported on the Nasdaq
National Market for October 25, 2000.</FONT></TD>
</TR>
<TR>
<TD WIDTH="3%" VALIGN="top">&nbsp;</TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="96%" VALIGN="top">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="3%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(3)</FONT></TD>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="96%" VALIGN="top"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Calculated pursuant to Section 6(b) of the Securities Act of 1933 as follows: proposed maximum aggregate offering price per share multiplied by .000264.</FONT> </TD>
</TR>
</TABLE>

<P> <FONT SIZE="2"> </FONT> </P>
<P ALIGN="center"> <FONT SIZE="2"><B><FONT FACE="serif"><FONT FACE="Times New Roman, Times, serif">PART I</FONT></FONT></B> </FONT></P>
<P ALIGN="center"> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </B></FONT></P>
<TABLE WIDTH=100% BORDER=0 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 1.</B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Plan Information.</B>*</FONT></TD>
</TR>
</TABLE>
<P>
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<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 2.</B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Registrant Information and Employee Plan Annual Information</FONT></B><FONT FACE="Times New Roman, Times, serif">.*</FONT></FONT> </TD>
</TR>
</TABLE>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif" SIZE="2">*</FONT></TD>
<TD WIDTH=98% COLSPAN="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Information required by Part I to be contained in the Section 10(a) Prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act
of 1933, as amended (the &#147;Securities Act&#148;), and the Note to Part I of this Registration Statement.</FONT> </TD>
</TR>
</TABLE>
<P> <FONT SIZE="2"> </FONT>
<P ALIGN="center"> <FONT SIZE="2"><B><FONT FACE="serif"><FONT FACE="Times New Roman, Times, serif">PART II</FONT></FONT></B> <FONT FACE="Times New Roman, Times, serif">
<BR>
</FONT></FONT><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B> </FONT></P>
<P>
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<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 3.</B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Incorporation of Documents by Reference.</B> </FONT></TD>
</TR>
</TABLE>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by PECO II, Inc. (the &#147;Registrant&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;) are incorporated by
reference to this Registration Statement:</FONT> </P>
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<TR>
<TD VALIGN="top" WIDTH="4%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="3%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">(1)</FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="92%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">The Registrant&#146;s latest Prospectus filed pursuant to Rule 424(b) under the Securities Act, dated August 17, 2000; and</FONT> </TD>
</TR>
<TR>
<TD VALIGN="top" WIDTH="4%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="92%">&nbsp;</TD>
</TR>
<TR>
<TD VALIGN="top" WIDTH="4%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="3%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">(2)</FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="top" WIDTH="92%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">The Registrant&#146;s Registration Statement on Form 8&#150;A, filed with the Commission on August 8, 2000, describing the Registrant&#146;s Common Shares, without par value
(the &#147;Common Shares&#148;), including any amendments or reports filed for the purpose of updating the description of the Common Shares that is incorporated by reference therein.</FONT> </TD>
</TR>
</TABLE>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a
post&#150;effective amendment which indicates that all the securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated in this Registration Statement by reference and to be a part hereof
from the date of filing of such documents.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in documents incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified or superseded,
for purposes of this Registration Statement, to the extent that a statement contained in this Registration Statement, or in any other subsequently filed document that also is, or is deemed to be, incorporated by reference in this Registration Statement,
modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</FONT> </P>
<P>
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<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 4. </B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Description of Securities.</B> </FONT></TD>
</TR>
</TABLE>
<P>
<TABLE WIDTH=100% BORDER=0 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=2%></TD>
<TD WIDTH=98% COLSPAN="2"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Not applicable.</FONT> <FONT FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</TR>
</TABLE>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 5.</B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Interests of Named Experts and Counsel.</FONT></B></FONT></TD>
</TR>
</TABLE>
<P>
<TABLE WIDTH=100% BORDER=0 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=2%></TD>
<TD WIDTH=98% COLSPAN="2"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Not applicable.&nbsp;</FONT></TD>
</TR>
</TABLE>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 6.</B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Indemnification of Directors and Officers.</B></FONT></TD>
</TR>
</TABLE>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1701.13 of the Ohio Revised Code of the State of Ohio sets forth the conditions and limitations governing the indemnification of officers, directors and other
persons. Section 1701.13 provides that a corporation shall have the power to indemnify any person who was or is</FONT>
<FONT FACE="Times New Roman, Times, serif" SIZE="2">a party or is threatened to be made a party to any threatened, pending or contemplated action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in
the right of the corporation) by reason of the fact that he is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation in a similar capacity with another corporation or other entity, against
expenses (including attorneys' fees), judgments, fines and amounts paid in settlement incurred in connection therewith if he acted in good faith and in a manner that he reasonably believed to be in the best interests of the corporation and, with respect
to a criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful. With respect to a suit by or in the right of the corporation, indemnity may be provided to the foregoing persons under Section 1701.13 on a basis similar to
that set forth above, except that no indemnity may be provided in respect of any claim, issue or matter as to which such person has been adjudged to be liable to the corporation unless and to the extent that the Court of Common Pleas or the court in which
such action, suit or proceeding was brought determines that despite the adjudication of liability but in view of all the circumstances of the case such person is entitled to indemnity for such expenses as the court deems proper. Moreover, Section 1701.13
provides for mandatory indemnification of a director, officer, employee or agent of the corporation to the extent that such person has been successful in defense of any such action, suit or proceeding and provides that a corporation shall pay the expenses
of an officer or director in defending an action, suit or proceeding upon receipt of an undertaking to repay such amounts if it is ultimately determined that such person is not entitled to be indemnified. Section 1701.13 establishes provisions for
determining whether a given person is entitled to indemnification, and also provides that the indemnification provided by or granted under Section 1701.13 is not exclusive of any rights to indemnity or advancement of expenses to which such person may be
entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise.</FONT>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under certain circumstances provided in Article IX of the Registrant&#146;s Amended and Restated Articles of Incorporation, and subject to Section 1701.13 of the Ohio
Revised Code (which sets forth the conditions and limitations governing the indemnification of officers, directors and other persons), the Registrant will indemnify any Director or officer or any former Director or officer of the Registrant against
expenses, including attorney&#146;s fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by him by reason of the fact that he is or was such Director or officer in connection with any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has entered into indemnity agreements (the &#147;Indemnity Agreements&#148;) with the current Directors and executive officers of the Registrant and
expects to enter into similar agreements with any Director or executive officer elected or appointed in the future at the time of their election or appointment. Pursuant to the Indemnity Agreements, the Registrant will indemnify a Director or executive
officer of the Registrant (the &#147;Indemnitee&#148;) if the Indemnitee is a party to or otherwise involved in any legal proceeding by reason of the fact that the Indemnitee is or was a Director or executive officer of the Registrant, or is or was
serving at the request of the Registrant in certain capacities with another entity, against all expenses, judgments, settlements, fines and penalties, actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such
proceeding. Indemnity is only available if the Indemnitee acted in good faith and in a manner which he reasonably believed to be in, or not</FONT>
<FONT FACE="Times New Roman, Times, serif" SIZE="2">opposed to, the best interests of the Registrant. The same coverage is provided whether or not the suit or proceeding is a derivative action. Derivative actions may be defined as actions brought by one
or more shareholders of a corporation to enforce a corporate right or to prevent or remedy a wrong to the corporation in cases where the corporation, because it is controlled by the wrongdoers or for other reasons, fails or refuses to take appropriate
action for its own protection. The Indemnity Agreements mandate advancement of expenses to the Indemnitee if the Indemnitee provides the Registrant with a written promise to repay the advanced amounts in the event that it is determined that the conduct of
the Indemnitee has not met the applicable standard of conduct. In addition, the Indemnity Agreements provide various procedures and presumptions in favor of the Indemnitee&#146;s right to receive indemnification under the Indemnity Agreement.</FONT>
<P> <FONT SIZE="2"><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Registrant&#146;s Director and Officer Liability Insurance Policy, each Director and certain officers of the Registrant are insured against certain
liabilities, including liabilities arising under the Securities Act.</FONT></FONT> </P>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=2% NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Item 7.</B></FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Exemption from Registration Claimed.</FONT></B></FONT></TD>
</TR>
</TABLE>
<P>
<TABLE WIDTH=100% BORDER=0 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=2%></TD>
<TD WIDTH=98% COLSPAN="2"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Not applicable.</FONT> <FONT FACE="Times New Roman, Times, serif" SIZE="2">&nbsp;&nbsp;</FONT></TD>
</TR>
</TABLE>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=2% NOWRAP><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Item 8.</FONT></B></FONT></TD>
<TD WIDTH=2%>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD WIDTH=96%><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Exhibits.</FONT></B></FONT></TD>
</TR>
</TABLE>
<P>
<TABLE WIDTH=100% BORDER=0 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=2%></TD>
<TD WIDTH=98% COLSPAN="2"><FONT FACE="Times New Roman, Times, serif" SIZE="2">See the Exhibit Index at Page E&#150;1 of this Registration Statement.</FONT> </TD>
</TR>
</TABLE>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=2% NOWRAP><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Item 9.</FONT></B></FONT></TD>
<TD WIDTH=2%>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD WIDTH=96%><FONT SIZE="2"><B><FONT FACE="Times New Roman, Times, serif">Undertakings.</FONT></B> </FONT></TD>
</TR>
</TABLE>
<P>
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<TR VALIGN=TOP>
<TD WIDTH=3%></TD>
<TD WIDTH=2%><FONT SIZE="2" FACE="Times New Roman, Times, serif">(a)</FONT><FONT SIZE="2">&nbsp;</FONT>&nbsp;</TD>
<TD WIDTH=1%></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, serif" SIZE="2">The undersigned registrant hereby undertakes:</FONT> </TD>
</TR>
</TABLE>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD COLSPAN="2">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD COLSPAN="2"><FONT FACE="serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are
being made, a post&#150;effective amendment to this Registration Statement:</FONT></FONT> </TD>
</TR>
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="90%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="90%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any Prospectus required by Section 10(a)(3) of the Securities Act of 1933;</FONT></TD>
</TR>
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="90%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="90%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the Prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post&#150;effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of Prospectus filed with the Commission pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in this effective Registration Statement;</FONT> </TD>
</TR>
</TABLE>
<P>   <FONT SIZE="2">&nbsp;&nbsp;&nbsp;</FONT>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="90%"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement.</FONT> </TD>
</TR>
</TABLE>
<P><FONT SIZE="2"><I><FONT FACE="Times New Roman, Times, serif">provided, however</FONT></I><FONT FACE="Times New Roman, Times, serif">, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration
Statement.</FONT></FONT> </P>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD COLSPAN="2"><FONT SIZE="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT FACE="Times New Roman, Times, serif">(2) That, for the purpose of determining any liability under the Securities Act, each
such post&#150;effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.</FONT></FONT> </TD>
</TR>
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="92%">&nbsp; </TD>
</TR>
</TABLE>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="96%" COLSPAN="2"><FONT SIZE="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT> <FONT SIZE="2" FACE="Times New Roman, Times, serif">(3) To remove from registration by means of a post&#150;
effective amendment any of the securities being registered which remain unsold at the termination of the offering.</FONT> </TD>
</TR>
</TABLE>
<P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by
reference in this Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof.</FONT> </P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to Directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a Director, officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such Director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</FONT> </P>
<P ALIGN="left"> <FONT SIZE="2"> </FONT>
<P ALIGN="center"> <FONT SIZE="2"><B><FONT FACE="serif"><FONT FACE="Times New Roman, Times, serif">SIGNATURES</FONT></FONT></B> </FONT></P>
<P> <FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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&#150;8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Cleveland, State of Ohio, on this 26<SUP>th</SUP>
day of October, 2000.</FONT> </P>
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR>
<TD WIDTH="53%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD COLSPAN="2"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>PECO II, INC.</B> </FONT></TD>
</TR>
<TR>
<TD WIDTH="53%">&nbsp;</TD>
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="45%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="53%"><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD VALIGN="top" WIDTH="2%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">By: </FONT></TD>
<TD VALIGN="top" WIDTH="45%"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Matthew P. Smith
<BR>
</U> Matthew P. Smith
<BR>
President and Chief Executive Officer</FONT> </TD>
</TR>
</TABLE>
<P><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on October
26, 2000.</FONT> </P>
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Signature</B></FONT></TD>
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Title</B></FONT></TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2"></FONT></TD>
<TD><FONT SIZE="2"></FONT></TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Matthew P. Smith
<BR>
</U>Matthew P. Smith</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">President, Chief Executive Officer and a Director
<BR>
(Principal Executive Officer)</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ John C. Maag
<BR>
</U>John C. Maag</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Chief Financial Officer
<BR>
(Principal Financial Officer)</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Sandra A. Frankhouse
<BR>
</U>Sandra A. Frankhouse</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Secretary and Treasurer
<BR>
(Principal Accounting Officer)</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ James L. Green
<BR>
</U>James L. Green<U> </U></FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Chairman of the Board</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Michael N. Forrest
<BR>
</U>Michael N. Forrest<U> </U></FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Director</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Lucille Garber Ford
<BR>
</U>Lucille Garber Ford<U> </U></FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Director</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ E. Richard Hottenroth
<BR>
</U>E. Richard Hottenroth</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Director</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Trygve A. Ivesdal
<BR>
</U>Trygve A. Ivesdal</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Director</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Eugene V. Smith
<BR>
</U>Eugene V. Smith<U> </U></FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Director</FONT></TD>
</TR>
<TR VALIGN="top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2" FACE="Times New Roman, Times, serif"><U>/s/ Charles D. Taylor
<BR>
</U>Charles D. Taylor</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif" SIZE="2">Director</FONT></TD>
</TR>
<TR VALIGN="top">
<TD><FONT SIZE="2"></FONT></TD>
<TD><FONT SIZE="2"></FONT></TD>
</TR>
</TABLE>
<P ALIGN="left">
<P ALIGN="center"> <FONT SIZE="2"><B><FONT FACE="serif">EXHIBIT INDEX</FONT></B> </FONT> </P>
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR>
<TD WIDTH="4%" NOWRAP><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B><U>Exhibit No.</U></B> </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, serif"></FONT></TD>
<TD WIDTH="96%"> <DIV ALIGN="center"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B><U>Description of Document</U></B> </FONT></DIV>
</TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"><FONT FACE="Times New Roman, Times, serif" SIZE="2">3.1(i)*</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Amended and Restated Articles of the Registrant.</FONT></TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"><FONT FACE="Times New Roman, Times, serif" SIZE="2">3.1(ii)*</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Amended and Restated Code of Regulations of the Registrant.</FONT></TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"><FONT FACE="Times New Roman, Times, serif" SIZE="2">5.1</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Opinion of Calfee, Halter &amp; Griswold LLP as to the validity of the Common Shares being registered.</FONT></TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"><FONT FACE="Times New Roman, Times, serif" SIZE="2">23.1</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Consent of Arthur Andersen LLP.</FONT></TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"><FONT FACE="Times New Roman, Times, serif" SIZE="2">23.2</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">Consent of Calfee, Halter &amp; Griswold LLP (included in Exhibit 5.1).</FONT></TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="4%"> <DIV ALIGN="center"><FONT FACE="Times New Roman, Times, serif" SIZE="2">99.1</FONT></DIV>
</TD>
<TD>&nbsp;</TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, serif" SIZE="2">PECO II, Inc. 2000 Performance Plan.</FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% BORDER=0 CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=100% COLSPAN="3"> <HR WIDTH="100" ALIGN="left" SIZE="1" NOSHADE> </TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif" SIZE="2">*</FONT></TD>
<TD WIDTH=2%><FONT FACE="Times New Roman, Times, serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=96%><FONT FACE="Times New Roman, Times, serif" SIZE="2">Incorporated herein by reference to the appropriate exhibit to the</FONT> <FONT FACE="Times New Roman, Times, serif" SIZE="2">Registrant&#146;s</FONT> <FONT FACE="Times New Roman, Times,
serif" SIZE="2">Registration Statement on Form S&#150;1 (Registration No. 333&#150;37566) filed on May 22, 2000, as amended by Amendment No. 1 filed on July 3, 2000, as amended by Amendment No. 2 filed on July 24, 2000, as amended by Amendment No. 3 filed on August 10,
2000, as amended by Amendment No. 4 filed on August 14, 2000, as amended by Amendment No. 5 filed on August 16, 2000 and as amended by Amendment No. 6 filed on August 17, 2000. </FONT></TD>
</TR>
</TABLE>
<P>
<P ALIGN="center">&nbsp; </P>
 </BODY>
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FORM S-8 REGISTRATION STATEMENT
As filed with the Securities and Exchange Commission on October 26, 2000
Registration No. 333–_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S–8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
PECO II, INC.
(Exact Name of Registrant as Specified in its Charter)
Ohio
34–1605456
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer Identification No.)
1376 State Route 598
Galion, Ohio 44833
(Address of Principal Executive Offices, including Zip Code)
PECO II, INC. 2000 PERFORMANCE PLAN
(Full Title of the Plan)
Matthew P. Smith
Copy to:
President and Chief Executive Officer
John J. Jenkins
PECO II, Inc.
Calfee, Halter & Griswold LLP
1376 State Route 598
1400 McDonald Investment Center
Galion, Ohio 44833
800 Superior Avenue
(419) 468-7600
Cleveland, Ohio 44114
(216) 622-8200
(Name, Address and Telephone Number, Including Area Code of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of
Securities
To Be
Registered
Amount
To Be
Registered
(1)
Proposed
Maximum
Offering
Price Per
Share
Proposed
Maximum
Aggregate
Offering
Price
Amount of
Registration
Fee
(3)
Common Shares, without par value
2,500,000
$40.25
(2)
$100,625,000
$26,565
(1)
Pursuant to Rule 416 under the Securities Act of 1933, the number of shares being registered shall include an indeterminate number of additional common shares issued or which
become issuable as a result of a stock split, stock dividend or similar transaction in accordance with the relevant provisions of the PECO II, Inc. 2000 Performance Plan.
(2)
Calculated pursuant to Rule 457(c) and (h) under the Securities Act of 1933, based upon the average of the high and low prices of the Common Shares reported on the Nasdaq
National Market for October 25, 2000.
(3)
Calculated pursuant to Section 6(b) of the Securities Act of 1933 as follows: proposed maximum aggregate offering price per share multiplied by .000264.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.
Plan Information.
*
Item 2.
Registrant Information and Employee Plan Annual Information
.*
*
Information required by Part I to be contained in the Section 10(a) Prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act
of 1933, as amended (the "Securities Act"), and the Note to Part I of this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed by PECO II, Inc. (the "Registrant") with the Securities and Exchange Commission (the "Commission") are incorporated by
reference to this Registration Statement:
(1)
The Registrant's latest Prospectus filed pursuant to Rule 424(b) under the Securities Act, dated August 17, 2000; and
(2)
The Registrant's Registration Statement on Form 8–A, filed with the Commission on August 8, 2000, describing the Registrant's Common Shares, without par value
(the "Common Shares"), including any amendments or reports filed for the purpose of updating the description of the Common Shares that is incorporated by reference therein.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a
post–effective amendment which indicates that all the securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated in this Registration Statement by reference and to be a part hereof
from the date of filing of such documents.
Any statement contained in documents incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified or superseded,
for purposes of this Registration Statement, to the extent that a statement contained in this Registration Statement, or in any other subsequently filed document that also is, or is deemed to be, incorporated by reference in this Registration Statement,
modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities.
Not applicable.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Section 1701.13 of the Ohio Revised Code of the State of Ohio sets forth the conditions and limitations governing the indemnification of officers, directors and other
persons. Section 1701.13 provides that a corporation shall have the power to indemnify any person who was or is
a party or is threatened to be made a party to any threatened, pending or contemplated action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in
the right of the corporation) by reason of the fact that he is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation in a similar capacity with another corporation or other entity, against
expenses (including attorneys' fees), judgments, fines and amounts paid in settlement incurred in connection therewith if he acted in good faith and in a manner that he reasonably believed to be in the best interests of the corporation and, with respect
to a criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful. With respect to a suit by or in the right of the corporation, indemnity may be provided to the foregoing persons under Section 1701.13 on a basis similar to
that set forth above, except that no indemnity may be provided in respect of any claim, issue or matter as to which such person has been adjudged to be liable to the corporation unless and to the extent that the Court of Common Pleas or the court in which
such action, suit or proceeding was brought determines that despite the adjudication of liability but in view of all the circumstances of the case such person is entitled to indemnity for such expenses as the court deems proper. Moreover, Section 1701.13
provides for mandatory indemnification of a director, officer, employee or agent of the corporation to the extent that such person has been successful in defense of any such action, suit or proceeding and provides that a corporation shall pay the expenses
of an officer or director in defending an action, suit or proceeding upon receipt of an undertaking to repay such amounts if it is ultimately determined that such person is not entitled to be indemnified. Section 1701.13 establishes provisions for
determining whether a given person is entitled to indemnification, and also provides that the indemnification provided by or granted under Section 1701.13 is not exclusive of any rights to indemnity or advancement of expenses to which such person may be
entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise.
Under certain circumstances provided in Article IX of the Registrant's Amended and Restated Articles of Incorporation, and subject to Section 1701.13 of the Ohio
Revised Code (which sets forth the conditions and limitations governing the indemnification of officers, directors and other persons), the Registrant will indemnify any Director or officer or any former Director or officer of the Registrant against
expenses, including attorney's fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by him by reason of the fact that he is or was such Director or officer in connection with any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative.
The Registrant has entered into indemnity agreements (the "Indemnity Agreements") with the current Directors and executive officers of the Registrant and
expects to enter into similar agreements with any Director or executive officer elected or appointed in the future at the time of their election or appointment. Pursuant to the Indemnity Agreements, the Registrant will indemnify a Director or executive
officer of the Registrant (the "Indemnitee") if the Indemnitee is a party to or otherwise involved in any legal proceeding by reason of the fact that the Indemnitee is or was a Director or executive officer of the Registrant, or is or was
serving at the request of the Registrant in certain capacities with another entity, against all expenses, judgments, settlements, fines and penalties, actually and reasonably incurred by the Indemnitee in connection with the defense or settlement of such
proceeding. Indemnity is only available if the Indemnitee acted in good faith and in a manner which he reasonably believed to be in, or not
opposed to, the best interests of the Registrant. The same coverage is provided whether or not the suit or proceeding is a derivative action. Derivative actions may be defined as actions brought by one
or more shareholders of a corporation to enforce a corporate right or to prevent or remedy a wrong to the corporation in cases where the corporation, because it is controlled by the wrongdoers or for other reasons, fails or refuses to take appropriate
action for its own protection. The Indemnity Agreements mandate advancement of expenses to the Indemnitee if the Indemnitee provides the Registrant with a written promise to repay the advanced amounts in the event that it is determined that the conduct of
the Indemnitee has not met the applicable standard of conduct. In addition, the Indemnity Agreements provide various procedures and presumptions in favor of the Indemnitee's right to receive indemnification under the Indemnity Agreement.
Under the Registrant's Director and Officer Liability Insurance Policy, each Director and certain officers of the Registrant are insured against certain
liabilities, including liabilities arising under the Securities Act.
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
See the Exhibit Index at Page E–1 of this Registration Statement.
Item 9.
Undertakings.
(a)
The undersigned registrant hereby undertakes:
(1)        To file, during any period in which offers or sales are
being made, a post–effective amendment to this Registration Statement:
(i) To include any Prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the Prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post–effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of Prospectus filed with the Commission pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in this effective Registration Statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement.
provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration
Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each
such post–effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post–
effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by
reference in this Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to Directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a Director, officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such Director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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 Cleveland, State of Ohio, on this 26
th
day of October, 2000.
PECO II, INC.
By:
/s/ Matthew P. Smith
Matthew P. Smith
President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on October
26, 2000.
Signature
Title
/s/ Matthew P. Smith
Matthew P. Smith
President, Chief Executive Officer and a Director
(Principal Executive Officer)
/s/ John C. Maag
John C. Maag
Chief Financial Officer
(Principal Financial Officer)
/s/ Sandra A. Frankhouse
Sandra A. Frankhouse
Secretary and Treasurer
(Principal Accounting Officer)
/s/ James L. Green
James L. Green
Chairman of the Board
/s/ Michael N. Forrest
Michael N. Forrest
Director
/s/ Lucille Garber Ford
Lucille Garber Ford
Director
/s/ E. Richard Hottenroth
E. Richard Hottenroth
Director
/s/ Trygve A. Ivesdal
Trygve A. Ivesdal
Director
/s/ Eugene V. Smith
Eugene V. Smith
Director
/s/ Charles D. Taylor
Charles D. Taylor
Director
EXHIBIT INDEX
Exhibit No.
Description of Document
3.1(i)*
Amended and Restated Articles of the Registrant.
3.1(ii)*
Amended and Restated Code of Regulations of the Registrant.
5.1
Opinion of Calfee, Halter & Griswold LLP as to the validity of the Common Shares being registered.
23.1
Consent of Arthur Andersen LLP.
23.2
Consent of Calfee, Halter & Griswold LLP (included in Exhibit 5.1).
99.1
PECO II, Inc. 2000 Performance Plan.
*
Incorporated herein by reference to the appropriate exhibit to the
Registrant's
Registration Statement on Form S–1 (Registration No. 333–37566) filed on May 22, 2000, as amended by Amendment No. 1 filed on July 3, 2000, as amended by Amendment No. 2 filed on July 24, 2000, as amended by Amendment No. 3 filed on August 10,
2000, as amended by Amendment No. 4 filed on August 14, 2000, as amended by Amendment No. 5 filed on August 16, 2000 and as amended by Amendment No. 6 filed on August 17, 2000.