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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  Registration No. 333-_____________</FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the Securities and Exchange Commission on April 29, 2004 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B><BR>
Washington, D.C. 20549 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Form S-8</B> </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</B></FONT></P>

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     <TD COLSPAN=3 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SYPRIS SOLUTIONS, INC.</B></font></TD>
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     <TD COLSPAN="3" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of Registrant as specified in its charter)</font></TD>
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     <TH WIDTH="34%"><FONT SIZE="2"><B>Delaware</B></FONT></TH>
     <TH WIDTH="33%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE="2"></FONT></TH>
     <TH WIDTH="33%"><FONT SIZE="2"><B>61-1321992</B></FONT></TH></TR>
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     <TD WIDTH="34%"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(State of other jurisdiction<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of incorporation or organization)</font></TD>
     <TD WIDTH="33%">&nbsp;<FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="33%"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I.R.S. Employer<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification Number)</font></TD></TR>
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     <TD ALIGN="RIGHT"><FONT SIZE="2"><B>101 Bullitt Lane, Suite 450,&nbsp;</B></FONT></TD>
     <TD><FONT SIZE="2"><B>Louisville, Kentucky</B></FONT></TD>
     <TD><FONT SIZE="2"><B>40222</B></FONT></TD></TR>
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     <TD WIDTH="45%"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of Principal Executive Offices)</FONT></TD>
     <TD>&nbsp;</TD>
     <TD WIDTH="65%"><FONT SIZE="2">(Zip Code)</FONT></TD></TR>
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     <TD COLSPAN=3 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>2004 SYPRIS EQUITY PLAN</B></font></TD>
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     <TD COLSPAN="3" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Full title of plan)</font></TD>
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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jeffrey T. Gill<BR>
President and Chief Executive Officer<BR>
Sypris Solutions, Inc.<BR>
101 Bullitt Lane, Suite 450<BR>
Louisville, Kentucky 40222<BR>
(502) 329-2000</FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Name, address and telephone number, including area code, of agent for service) </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Copies to:<BR>
 Robert A. Heath, Esq.<BR>
 Wyatt, Tarrant &amp; Combs, LLP <BR>
 500 W. Jefferson Street, Suite 2800<BR>
 Louisville, Kentucky 40202<BR>
 (502) 589-5235<BR></FONT></p>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CALCULATION OF REGISTRATION FEE </FONT></P>

<PRE>


======================= ====================== ======================= ======================= =============
  Title of Securities            Amount             Proposed Maximum           Proposed           Amount Of
         to be                    to be              Offering Price       Maximum Aggregate      Registration
      Registered              Registered            per Share (1)        Offering Price (1)         Fee
======================= ====================== ======================  ======================= =============
Common Stock,
$.01par value (2)         3,000,000 shares (3)         $20.64               $61,920,000          $7,845.26
======================= ====================== ======================  ======================= =============


</PRE>
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               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Calculated in accordance with Rule 457(c) solely for the purpose of computing
               the amount of the registration fee based upon the average of the high and low
               sale price for the Common Stock as reported on the Nasdaq National Market on
               April 27, 2004. </FONT></P></TD>
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               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Includes the Series A Preferred Stock purchase rights associated with the Common
               Stock. </FONT></P></TD>
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               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The amount of Common stock to be registered hereby includes such additional
               shares as may be issued pursuant to the anti-dilution provisions of the plan to
               reflect stock splits, stock dividends or similar transactions pursuant to Rule
               416(a) under the Securities Act of 1933, as amended, without the need of a
               post-effective amendment. </FONT></P></TD>
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               <BR>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit Index on Page 8.</FONT></p>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>PART II</B> </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT</B> </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INCORPORATION OF DOCUMENTS BY REFERENCE.</B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant hereby incorporates the following documents filed by the Registrant with the
Securities and Exchange Commission (the &#147;Commission&#148;) in this Registration
Statement: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended
          December 31, 2003, as amended on Form 10-K/A filed March 11, 2004 and as amended
          on Form 10-K/A filed April 7, 2004 (Commission File No. 000-24020). </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Registrant&#146;s Current Report on Form 8-K filed March 15, 2004
          (Commission File No. 000-24020). </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s common stock, $.01 par value (the
          &#147;Common Stock&#148;), which is contained in the Registrant&#146;s current
          report on Form 8-K/A filed May 13, 1998, pursuant to Section 13 of the 1934 Act
          (Commission File No. 000-24020), including any amendment or report filed for the
          purpose of updating such description. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s Series A Preferred Stock purchase
          rights contained in the registration statement on Form 8-A filed October 23,
          2001 (Commission File No. 000-24020), including any amendment or report filed
          for the purpose of updating such description. </FONT></P>

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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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-effective
amendment which indicates that all of the shares of the Common Stock offered have been
sold or which deregisters all of the shares of Common Stock then remaining unsold, shall
be deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents. Any statement contained in a document incorporated by reference
herein and filed prior to the filing hereof shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement contained
herein modifies or supersedes such statement, and any statement contained herein or in any
other document incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement
contained in any other subsequently filed document which also is incorporated by reference
herein 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 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2</FONT></P>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DESCRIPTION OF SECURITIES.</B> </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</FONT></p>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERESTS OF NAMED EXPERTS AND COUNSEL.</B></FONT></p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INDEMNIFICATION OF DIRECTORS AND OFFICERS.</B></FONT></p>

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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitation&nbsp;&nbsp;
of Directors&#146; Liability</u>. The Registrant&#146;s certificate of incorporation provides
that the
Registrant&#146;s directors shall not be personally liable to the registrant or its
stockholders for monetary damages for any breach of fiduciary duty as directors. Under the
certificate of incorporation and the DGCL, directors will continue to be subject to
liability for any breach of the director&#146;s duty of loyalty to the Registrant or its
stockholders, for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, for payment of dividends or approval of stock
repurchases or redemptions that are prohibited by the DGCL, and for transactions from
which the director derived an improper personal benefit. The certificate of incorporation
provides that if the DGCL is amended to authorize corporate action further eliminating or
limiting directors&#146; personal liability, the liability of the Registrant&#146;s
directors will be eliminated or limited to the fullest extent permitted by the DGCL, as so
amended. Any repeal or modification of this provision of the Registrant&#146;s certificate
of incorporation by the Registrant&#146;s stockholders shall not adversely affect any
right or protection of a director existing at the time of such repeal or modification. </FONT></P>

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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
provision provides the Registrant&#146;s directors with protection from awards for
monetary damages for breach of their duty of care, but it does not eliminate such duty.
Accordingly, this provision will not affect the availability of equitable remedies such as
an injunction or rescission based on a director&#146;s breach of his duty of care. </FONT></P>

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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification</U>.&nbsp;&nbsp;
          Section 145 of the DGCL empowers a corporation to indemnify its directors,
          officers, employees or agents for judgments, settlements and expenses in respect
          of third party actions, and for expenses in respect of actions by or in the
          right of the corporation, and to purchase insurance with respect to liability
          arising out of such status. The DGCL provides that the indemnification permitted
          by statute shall not be deemed exclusive of any other rights to which the
          directors and officers may be entitled under the Registrant&#146;s bylaws, any
          agreement, a vote of stockholders or otherwise. </FONT></P>

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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant&#146;s certificate of incorporation provides that the Registrant shall
indemnify any person who was or is a party or is threatened to be made a party to or
becomes involved in any action, suit or proceeding (whether civil, criminal,
administrative or investigative) by reason of the fact that such person, is or was a
director, officer, employee or agent of the Registrant, or is or was serving at the
request of the Registrant as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise,
against all liability and loss suffered and expenses reasonably incurred by </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></p>


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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>such person in connection with such action,  suit or proceeding.  The Registrant will be required to indemnify a
person in connection with a proceeding initiated by the person seeking indemnification only if the proceeding was
authorized by the board of directors of the Registrant. The Registrant shall pay the
expenses of its directors and executive officers, and may pay the expenses of all other
officers, employees or agents, incurred in defending any such proceeding in advance of its
final disposition, subject to the provisions of the DGCL. Any repeal or modification of
the indemnification provision in the Registrant&#146;s certificate of incorporation shall
not adversely affect any right or protection of any person in respect of any act or
omission occurring prior to the time of such repeal or modification. </FONT></P>

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<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant maintains directors&#146; and officers&#146; liability insurance covering
certain liabilities which may be incurred by its directors and officers in the performance
of their duties. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXEMPTION FROM REGISTRATION CLAIMED.</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</FONT></p>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXHIBITS.</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Exhibits listed on the Exhibit Index appearing on page 8 of this Registration Statement
are hereby incorporated by reference. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UNDERTAKINGS.</B> </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:</FONT></P>


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     <TD WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="94%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a
          post-effective amendment to this Registration Statement:</FONT></TD></TR>
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<br>

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     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
               (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any prospectus required by Section 10(a)(3) of the Securities Act of
               1933;</FONT></P></TD></TR>
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     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
               (ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective
               date of the 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 the Registration Statement; and </FONT></p></TD></TR>
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     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
               (iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not
               previously disclosed in the Registration Statement or any material change to
               such information in the Registration Statement;</FONT></TD></TR>
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     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="90%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><br>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 Securities and Exchange Commission by the
registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the Registration Statement.</FONT></TD></TR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4</FONT></P>


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     <TD WIDTH="94%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
     &nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act of
          1933, 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. </FONT></TD></TR>
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     <TD WIDTH="94%"><P ALIGN="Justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned Registrant hereby undertakes that, for purposes of determining
          any liability under the Securities Act of 1933, each filing of the
          Registrant&#146;s annual report pursuant to Section 13(a) or Section 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 the
          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. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->
     <P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Insofar as indemnification for liabilities arising under the Securities Act of
          1933 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 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 Act and will be governed by the final adjudication of
          such issue. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5</FONT></P>


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<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SIGNATURES</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Registrant. 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 Louisville, State of Kentucky, on
the 27th day of April, 2004. </FONT></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT SIZE="2"></FONT></TH>
     <TH><FONT SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN=LEFT WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=55%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SYPRIS SOLUTIONS, INC.<BR><BR><BR></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN=LEFT WIDTH=55%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:<u>/s/ Jeffrey T. Gill&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN=LEFT WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=65%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jeffrey T. Gill</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN=LEFT WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN=LEFT WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD></TR>
</TABLE>




<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A011></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWERS OF ATTORNEY </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Jeffrey T. Gill, David D. Johnson and Anthony C. Allen, and each of them, as his
true and lawful attorney-in-fact and agent, with full power of substitution, for him and
in his name, place and stead, in any and all capacities, to sign any and all amendments
and post-effective amendments to this Registration Statement, and to file the same with
all exhibits thereto, granting unto 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, as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause
to be done by virtue thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 and on the dates indicated. </FONT></P>

<PRE>
                SIGNATURES                                       TITLE                               Date


   /s/ Jeffrey T.Gill                            President, Chief Executive                     April 27, 2004
-------------------------------------------      Officer and Director
Jeffrey T. Gill



  /s/ David D. Johnson                           Vice President and Chief                       April 27, 2004
-------------------------------------------      Financial Officer
David D. Johnson                                 (Principal Financial Officer)





</PRE>
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6</FONT></p>


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<PRE>


                SIGNATURES                                       TITLE                               Date


   /s/ Anthony C. Allen                          Vice President of Finance and                  April 27, 2004
--------------------------------------------     Information Systems
Anthony C. Allen                                 (Principal Accounting Officer)


   /s/ Henry F. Frigon                           Director                                       April 27, 2004
-------------------------------------------
Henry F. Frigon


   /s/ Robert E. Gill                            Chairman of the Board and                      April 27, 2004
-------------------------------------------      Director
Robert E. Gill


   /s/ R. Scott Gill                             Director                                       April 27, 2004
-------------------------------------------
R. Scott Gill


   /s/ William L. Healey                         Director                                       April 27, 2004
-------------------------------------------
William L. Healey


                                                 Director                                       ________, 2004
____________________________________________
Roger W. Johnson


   /s/ Sidney R. Peterson                        Director                                       April 27, 2004
-------------------------------------------
Sidney R. Peterson


   /s/ Robert Sroka                              Director                                       April 27, 2004
-------------------------------------------
Robert Sroka

</PRE>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7</FONT></p>



<!-- MARKER PAGE="sheet: 7; page: 7" -->
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<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A012></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INDEX TO EXHIBITS </FONT></P>


<TABLE WIDTH="100%" CELLPADDING="3" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH></TH>
     <TH></TH>
     <TH></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="20%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT NUMBER</FONT></TD>
     <TD ALIGN=CENTER WIDTH="70%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>DESCRIPTION OF EXHIBIT</FONT></TD>
     <TD ALIGN=RIGHT WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PAGE</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1</FONT></TD>
     <TD align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Certificate of Incorporation of Sypris Solutions, Inc. (incorporated herein
by reference to Exhibit 4.1 to the Registrant's Registration Statement on Form S-8 No. 333-87880 filed May 9, 2002).</FONT></TD>
     <TD></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2</FONT></TD>
     <TD align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bylaws of Sypris Solutions, Inc. (incorporated herein by reference to  Exhibit  4.2  to  the   Registrant's   Registration
                                   Statement on Form S-8 No. 333-87880 filed May 9, 2002).</FONT></TD>
     <TD></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.3</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Specimen common stock  certificate  (incorporated  by reference to
                                   Exhibit  4.1 to the  Registrant's  Form 10-K for the  fiscal  year
                                   ended  December 31, 1998 filed on March 5, 1999  (Commission  File
                                   No. 000-24020)).</FONT></TD>
     <TD></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.4</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rights  Agreement  dated  as  of  October  23,  2001  between  the
                                   Registrant  and  LaSalle  Bank  National  Association,  as  Rights
                                   Agent,   including  as  Exhibit  A  the  Form  of  Certificate  of
                                   Designation  and  as  Exhibit  B the  form  of  Right  Certificate
                                   (incorporated  by  reference  to Exhibit  4.1 to the  Registrant's
                                   Form  8-K  filed  on  October  23,  2001   (Commission   File  No.
                                   000-24020)).</FONT></TD>
     <TD></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.5</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2004 Sypris Equity Plan.</FONT></TD>
     <TD align=right>&nbsp;9</TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion of Wyatt, Tarrant &amp; Combs, LLP.</FONT></TD>
     <TD align=right>13</TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23(a)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Wyatt, Tarrant &amp; Combs, LLP (contained in Exhibit 5).</FONT></TD>
     <TD></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23(b)</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Ernst &amp; Young, LLP.</FONT></TD>
     <TD align=right>15</TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power of Attorney (precedes signatures).</FONT></TD>
     <TD></TD></TR>
</TABLE>
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>8</FONT></P>


</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "syprisforms8.htm", "description": "REGISTRATION STATEMENT", "secsgml_size_bytes": 38838}]
{"company-data": {"conformed-name": "SYPRIS SOLUTIONS INC", "cik": "0000864240", "assigned-sic": "3823", "irs-number": "611321992", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-114982", "film-number": "04763872"}, "business-address": {"street1": "101 BULLITT LN", "street2": "STE 450", "city": "LOUISVILLE", "state": "KY", "zip": "40222", "phone": "5023292000"}, "mail-address": {"street1": "101 BULLITT LN", "street2": "STE 450", "city": "LOUISVILLE", "state": "KY", "zip": "40222"}, "former-company": {"former-conformed-name": "GROUP TECHNOLOGIES CORP", "date-changed": "19940314"}}
Registration No. 333-_____________
As filed with the Securities and Exchange Commission on April 29, 2004
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
SYPRIS SOLUTIONS, INC.
(Exact name of Registrant as specified in its charter)
Delaware
61-1321992
(State of other jurisdiction
of incorporation or organization)
(I.R.S. Employer
Identification Number)
101 Bullitt Lane, Suite 450,
Louisville, Kentucky
40222
(Address of Principal Executive Offices)
(Zip Code)
2004 SYPRIS EQUITY PLAN
(Full title of plan)
Jeffrey T. Gill
President and Chief Executive Officer
Sypris Solutions, Inc.
101 Bullitt Lane, Suite 450
Louisville, Kentucky 40222
(502) 329-2000
(Name, address and telephone number, including area code, of agent for service)
Copies to:
Robert A. Heath, Esq.
Wyatt, Tarrant & Combs, LLP
500 W. Jefferson Street, Suite 2800
Louisville, Kentucky 40202
(502) 589-5235
CALCULATION OF REGISTRATION FEE
======================= ====================== ======================= ======================= =============
  Title of Securities            Amount             Proposed Maximum           Proposed           Amount Of
         to be                    to be              Offering Price       Maximum Aggregate      Registration
      Registered              Registered            per Share (1)        Offering Price (1)         Fee
======================= ====================== ======================  ======================= =============
Common Stock,
$.01par value (2)         3,000,000 shares (3)         $20.64               $61,920,000          $7,845.26
======================= ====================== ======================  ======================= =============
(1)
Calculated in accordance with Rule 457(c) solely for the purpose of computing
               the amount of the registration fee based upon the average of the high and low
               sale price for the Common Stock as reported on the Nasdaq National Market on
               April 27, 2004.
(2)
Includes the Series A Preferred Stock purchase rights associated with the Common
               Stock.
(3)
The amount of Common stock to be registered hereby includes such additional
               shares as may be issued pursuant to the anti-dilution provisions of the plan to
               reflect stock splits, stock dividends or similar transactions pursuant to Rule
               416(a) under the Securities Act of 1933, as amended, without the need of a
               post-effective amendment.
Exhibit Index on Page 8.
PART II
INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT
ITEM 3.     INCORPORATION OF DOCUMENTS BY REFERENCE.
The
Registrant hereby incorporates the following documents filed by the Registrant with the
Securities and Exchange Commission (the "Commission") in this Registration
Statement:
(a)     
          The Registrant's Annual Report on Form 10-K for the fiscal year ended
          December 31, 2003, as amended on Form 10-K/A filed March 11, 2004 and as amended
          on Form 10-K/A filed April 7, 2004 (Commission File No. 000-24020).
(b)     
          The Registrant's Current Report on Form 8-K filed March 15, 2004
          (Commission File No. 000-24020).
(c)     
          The description of the Registrant's common stock, $.01 par value (the
          "Common Stock"), which is contained in the Registrant's current
          report on Form 8-K/A filed May 13, 1998, pursuant to Section 13 of the 1934 Act
          (Commission File No. 000-24020), including any amendment or report filed for the
          purpose of updating such description.
(d)     
          The description of the Registrant's Series A Preferred Stock purchase
          rights contained in the registration statement on Form 8-A filed October 23,
          2001 (Commission File No. 000-24020), including any amendment or report filed
          for the purpose of updating such description.
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 of the shares of the Common Stock offered have been
sold or which deregisters all of the shares of Common Stock then remaining unsold, shall
be deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents. Any statement contained in a document incorporated by reference
herein and filed prior to the filing hereof shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement contained
herein modifies or supersedes such statement, and any statement contained herein or in any
other document incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement
contained in any other subsequently filed document which also is incorporated by reference
herein 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.
2
ITEM 4.     DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5.     INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6.     INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Limitation  
of Directors' Liability
. The Registrant's certificate of incorporation provides
that the
Registrant's directors shall not be personally liable to the registrant or its
stockholders for monetary damages for any breach of fiduciary duty as directors. Under the
certificate of incorporation and the DGCL, directors will continue to be subject to
liability for any breach of the director's duty of loyalty to the Registrant or its
stockholders, for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, for payment of dividends or approval of stock
repurchases or redemptions that are prohibited by the DGCL, and for transactions from
which the director derived an improper personal benefit. The certificate of incorporation
provides that if the DGCL is amended to authorize corporate action further eliminating or
limiting directors' personal liability, the liability of the Registrant's
directors will be eliminated or limited to the fullest extent permitted by the DGCL, as so
amended. Any repeal or modification of this provision of the Registrant's certificate
of incorporation by the Registrant's stockholders shall not adversely affect any
right or protection of a director existing at the time of such repeal or modification.
This
provision provides the Registrant's directors with protection from awards for
monetary damages for breach of their duty of care, but it does not eliminate such duty.
Accordingly, this provision will not affect the availability of equitable remedies such as
an injunction or rescission based on a director's breach of his duty of care.
Indemnification
.  
          Section 145 of the DGCL empowers a corporation to indemnify its directors,
          officers, employees or agents for judgments, settlements and expenses in respect
          of third party actions, and for expenses in respect of actions by or in the
          right of the corporation, and to purchase insurance with respect to liability
          arising out of such status. The DGCL provides that the indemnification permitted
          by statute shall not be deemed exclusive of any other rights to which the
          directors and officers may be entitled under the Registrant's bylaws, any
          agreement, a vote of stockholders or otherwise.
The
Registrant's certificate of incorporation provides that the Registrant shall
indemnify any person who was or is a party or is threatened to be made a party to or
becomes involved in any action, suit or proceeding (whether civil, criminal,
administrative or investigative) by reason of the fact that such person, is or was a
director, officer, employee or agent of the Registrant, or is or was serving at the
request of the Registrant as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise,
against all liability and loss suffered and expenses reasonably incurred by
3
such person in connection with such action,  suit or proceeding.  The Registrant will be required to indemnify a
person in connection with a proceeding initiated by the person seeking indemnification only if the proceeding was
authorized by the board of directors of the Registrant. The Registrant shall pay the
expenses of its directors and executive officers, and may pay the expenses of all other
officers, employees or agents, incurred in defending any such proceeding in advance of its
final disposition, subject to the provisions of the DGCL. Any repeal or modification of
the indemnification provision in the Registrant's certificate of incorporation shall
not adversely affect any right or protection of any person in respect of any act or
omission occurring prior to the time of such repeal or modification.
The
Registrant maintains directors' and officers' liability insurance covering
certain liabilities which may be incurred by its directors and officers in the performance
of their duties.
ITEM 7.     EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8.     EXHIBITS.
The
Exhibits listed on the Exhibit Index appearing on page 8 of this Registration Statement
are hereby incorporated by reference.
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 the 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 the Registration Statement; and
(iii)     To include any material information with respect to the plan of distribution not
               previously disclosed in the Registration Statement or any material change to
               such information in the 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 Securities and Exchange Commission by the
registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the Registration Statement.
4
(2)     That, for the purpose of determining any liability under the Securities Act of
          1933, 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 of 1933, each filing of the
          Registrant's annual report pursuant to Section 13(a) or Section 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 the
          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 of
          1933 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 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 Act and will be governed by the final adjudication of
          such issue.
5
SIGNATURES
The Registrant. 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 Louisville, State of Kentucky, on
the 27th day of April, 2004.
SYPRIS SOLUTIONS, INC.
By:
/s/ Jeffrey T. Gill
Jeffrey T. Gill
President and Chief Executive Officer
POWERS OF ATTORNEY
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Jeffrey T. Gill, David D. Johnson and Anthony C. Allen, and each of them, as his
true and lawful attorney-in-fact and agent, with full power of substitution, for him and
in his name, place and stead, in any and all capacities, to sign any and all amendments
and post-effective amendments to this Registration Statement, and to file the same with
all exhibits thereto, granting unto 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, as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause
to be done by virtue thereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities indicated and on the dates indicated.
SIGNATURES                                       TITLE                               Date

   /s/ Jeffrey T.Gill                            President, Chief Executive                     April 27, 2004
-------------------------------------------      Officer and Director
Jeffrey T. Gill

  /s/ David D. Johnson                           Vice President and Chief                       April 27, 2004
-------------------------------------------      Financial Officer
David D. Johnson                                 (Principal Financial Officer)
6
SIGNATURES                                       TITLE                               Date

   /s/ Anthony C. Allen                          Vice President of Finance and                  April 27, 2004
--------------------------------------------     Information Systems
Anthony C. Allen                                 (Principal Accounting Officer)

   /s/ Henry F. Frigon                           Director                                       April 27, 2004
-------------------------------------------
Henry F. Frigon

   /s/ Robert E. Gill                            Chairman of the Board and                      April 27, 2004
-------------------------------------------      Director
Robert E. Gill

   /s/ R. Scott Gill                             Director                                       April 27, 2004
-------------------------------------------
R. Scott Gill

   /s/ William L. Healey                         Director                                       April 27, 2004
-------------------------------------------
William L. Healey

                                                 Director                                       ________, 2004
____________________________________________
Roger W. Johnson

   /s/ Sidney R. Peterson                        Director                                       April 27, 2004
-------------------------------------------
Sidney R. Peterson

   /s/ Robert Sroka                              Director                                       April 27, 2004
-------------------------------------------
Robert Sroka
7
INDEX TO EXHIBITS
EXHIBIT NUMBER
DESCRIPTION OF EXHIBIT
PAGE
4.1
Certificate of Incorporation of Sypris Solutions, Inc. (incorporated herein
by reference to Exhibit 4.1 to the Registrant's Registration Statement on Form S-8 No. 333-87880 filed May 9, 2002).
4.2
Bylaws of Sypris Solutions, Inc. (incorporated herein by reference to  Exhibit  4.2  to  the   Registrant's   Registration
                                   Statement on Form S-8 No. 333-87880 filed May 9, 2002).
4.3
Specimen common stock  certificate  (incorporated  by reference to
                                   Exhibit  4.1 to the  Registrant's  Form 10-K for the  fiscal  year
                                   ended  December 31, 1998 filed on March 5, 1999  (Commission  File
                                   No. 000-24020)).
4.4
Rights  Agreement  dated  as  of  October  23,  2001  between  the
                                   Registrant  and  LaSalle  Bank  National  Association,  as  Rights
                                   Agent,   including  as  Exhibit  A  the  Form  of  Certificate  of
                                   Designation  and  as  Exhibit  B the  form  of  Right  Certificate
                                   (incorporated  by  reference  to Exhibit  4.1 to the  Registrant's
                                   Form  8-K  filed  on  October  23,  2001   (Commission   File  No.
                                   000-24020)).
4.5
2004 Sypris Equity Plan.
9
5
Opinion of Wyatt, Tarrant & Combs, LLP.
13
23(a)
Consent of Wyatt, Tarrant & Combs, LLP (contained in Exhibit 5).
23(b)
Consent of Ernst & Young, LLP.
15
24
Power of Attorney (precedes signatures).
8