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<P align=center><FONT face="Times New Roman" size=2>As filed with the Securities
and Exchange Commission April 8, 2015</FONT></P>
<P><FONT face="Times New Roman"
size=2>&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;&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;&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;
Registration No. __________</FONT></P>
<HR style="BORDER-TOP-STYLE: solid; BORDER-TOP-COLOR: #000000">

<P>&nbsp;</P>
<P align=center><FONT face="Times New Roman" size=2>UNITED STATES</FONT><B><FONT
face="Times New Roman" size=2><BR>SECURITIES AND EXCHANGE
COMMISSION</FONT></B><FONT face="Times New Roman" size=2><BR>&nbsp;Washington,
D.C. 20549</FONT></P>
<P align=center><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT
face="Times New Roman" size=2>Form S&#8209;8</FONT></B></P>
<P align=center><FONT face="Times New Roman" size=2>REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933</FONT></P>
<P align=center><B><U><FONT face="Times New Roman" size=2>TAYLOR DEVICES,
INC.</FONT></U></B><I><FONT face="Times New Roman" size=2><BR>(Exact name of
registrant as specified in its charter)</FONT></I></P>
<TABLE cellSpacing=0 cellPadding=0 width=953 border=0>

  <TR>
    <TD vAlign=top width=568>
      <P align=center><B><U><FONT face="Times New Roman"
      size=2>New&nbsp;York</FONT></U></B><FONT face="Times New Roman"
      size=2><I><BR>(State or other jurisdiction</I></FONT><I><FONT
      face="Times New Roman" size=2><BR>of incorporation or
      organization)</FONT></I></P></TD>
    <TD vAlign=top width=385>
      <P align=center><B><U><FONT face="Times New Roman"
      size=2>16&#8209;0797789</FONT></U></B><FONT face="Times New Roman"
      size=2><I><BR>(I.R.S. Employer Identification
  No.)</I></FONT></P></TD></TR></TABLE>
<P align=center><B><U><FONT face="Times New Roman" size=2>90&nbsp;Taylor Drive,
North Tonawanda, New&nbsp;York 14120&#8209;0748</FONT></U></B><FONT
face="Times New Roman" size=2><I><BR>(Address of registrant's principal
executive offices)</I></FONT></P>
<P><FONT face="CG Times" size=2><FONT face="Times New Roman"
size=2></FONT></FONT></P>
<P align=center><B><U><FONT face="Times New Roman" size=2>2015 TAYLOR DEVICES,
INC. STOCK OPTION PLAN</FONT></U></B><FONT face="Times New Roman"
size=2><I><BR>(Full title of the plan)</I></FONT></P>
<P><FONT face="Times New Roman"
size=2>&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;&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;&nbsp;</FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>&nbsp;SANDRA&nbsp;S.
O'LOUGHLIN, ESQ.</FONT></B><FONT face="Times New Roman" size=2><BR>&nbsp;Barclay
Damon, LLP<BR>200 Delaware Avenue<BR>Suite 1200<BR>&nbsp;Buffalo, New&nbsp;York
14202<BR>&nbsp;<U>Telephone (716) 856&#8209;5400</U><I><BR>&nbsp;(Name, address and
telephone number, including area code, of agent for service)</I></FONT></P>
<P><FONT face="Times New Roman" size=2>Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.&nbsp; See the definitions of "large
accelerated filer," "accelerated filer," and "smaller reporting company" in Rule
12b-2 of the Exchange Act.</FONT></P>
<P><FONT face="Times New Roman" size=2>Large accelerated filer&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelerated
filer [&nbsp;&nbsp; ]<BR>Non-accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;
[&nbsp;&nbsp; ] (Do not check if a smaller reporting
company)&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Smaller reporting company [ X ]</FONT></P>
<P><FONT face="CG Times" size=2><FONT face="Times New Roman"
size=2></FONT></FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>Calculation of
Registration Fee</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width=1039 border=1>

  <TR>
    <TD vAlign=top width=312>
      <P align=center><FONT face="Times New Roman" size=2><BR>Title of
      securities to <BR>be registered</FONT></P></TD>
    <TD vAlign=top width=197>
      <P align=center><FONT face="Times New Roman" size=2><BR>Amount to
      be<BR>registered </FONT><FONT face="Times New Roman"
      size=1><SUP>(1)</SUP></FONT></P></TD>
    <TD vAlign=top width=194>
      <P align=center><FONT face="Times New Roman" size=2>Proposed
      maximum<BR>offering price per<BR>share </FONT><SUP><FONT
      face="Times New Roman" size=1>(2</FONT><FONT face="Times New Roman"
      size=2>)</FONT></SUP></P></TD>
    <TD vAlign=top width=164>
      <P align=center><FONT face="Times New Roman" size=2>Proposed
      maximum<BR>aggregate offering<BR>price </FONT><FONT face="Times New Roman"
      size=1><SUP>(2)</SUP></FONT></P></TD>
    <TD vAlign=top width=160>
      <P align=center><FONT face="Times New Roman" size=2><BR>Amount
      of<BR>Registration Fee</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=312>
      <P align=center><FONT face="Times New Roman" size=2>Common Stock,
      <BR>$.025 par value</FONT></P></TD>
    <TD vAlign=top width=197>
      <P align=center><FONT face="CG Times" size=2><FONT face="Times New Roman"
      size=2><BR></FONT></FONT><FONT face="Times New Roman" size=2>160,000
      Shares</FONT></P></TD>
    <TD vAlign=top width=194>
      <P align=center><FONT face="CG Times" size=2><FONT face="Times New Roman"
      size=2><BR></FONT></FONT><FONT face="Times New Roman"
      size=2>14.623</FONT></P></TD>
    <TD vAlign=top width=164>
      <P align=center><FONT face="CG Times" size=2><FONT face="Times New Roman"
      size=2><BR></FONT></FONT><FONT face="Times New Roman"
      size=2>$2,339,680.00</FONT></P></TD>
    <TD vAlign=top width=160>
      <P align=center><FONT face="CG Times" size=2><FONT face="Times New Roman"
      size=2><BR>&nbsp;</FONT></FONT><FONT face="Times New Roman"
      size=2>$235.61</FONT></P></TD></TR></TABLE>
<P><SUP><FONT face="Times New Roman" size=1>(1)</FONT></SUP><FONT
face="Times New Roman" size=2> The Registration Statement also covers an
indeterminate number of additional options and shares that may be offered and
issued pursuant to the antidilution provisions of the Plan.</FONT><SUP><FONT
face="Times New Roman" size=2><BR></FONT><FONT face="Times New Roman"
size=1>(2)</FONT></SUP><FONT face="Times New Roman" size=2> Estimated pursuant
to Rule 457 solely for the purpose of calculating the registration fee.&nbsp;
The price per share is estimated to be $14.623 based on the average of the high
and low prices of the Common Stock reported in the consolidated reporting system
as of April 4, 2016 for the NASDAQ Capital Market.</FONT></P>
<P align=center><FONT face="CG Times" size=2><FONT face="Times New Roman"
size=2><BR><BR>1</FONT></FONT></P>
<HR>

<P></P>
<P align=center><B><FONT face="Times New Roman" size=2>PART I</FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>INFORMATION REQUIRED IN
THE SECTION 10(a) PROSPECTUS</FONT></B></P>
<P><FONT face="Times New Roman" size=2>Item
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan Information. *</FONT></P>
<P><FONT face="Times New Roman" size=2>&nbsp;Item
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registrant Information and Employee
Plan Annual Information. *</FONT></P>
<P><FONT face="Times New Roman" size=2>&nbsp;*Information required by Part I to
be included in the Section 10(a) prospectus is omitted from this Registration
Statement in accordance with Rule 428 under the Securities Act of 1933 (the
"Securities Act") and the "Note" to Part I of Form S-8.</FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2><BR>PART
II</FONT></B></P>
<P align=center><FONT face="Times New Roman" size=2>&nbsp;</FONT><B><FONT
face="Times New Roman" size=2> INFORMATION REQUIRED IN REGISTRATION
STATEMENT</FONT></B><FONT face="Times New Roman" size=2>&nbsp;<BR>(INFORMATION
NOT REQUIRED IN THE PROSPECTUS)</FONT></P>
<P><FONT face="Times New Roman" size=2>Item
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of Documents by
Reference</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following documents are hereby incorporated by reference in this
Registration Statement:</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company's latest annual report filed pursuant to Section&nbsp;13(a) or 15(d)
of the Exchange Act; and</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the
Exchange Act since the end of the fiscal year covered by the annual report
referred to in (a) above.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, (other than Current Reports furnished under Item 2.02
or item 7.01 of Form 8-K and exhibits furnished on such form that relate to such
items), after the date hereof and prior to the filing with the Commission of a
post&#8209;effective amendment which indicates that the securities offered hereby have
been sold or which deregisters the securities covered hereby then remaining
unsold, shall also be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the respective date of
filing of such documents.</FONT></P>
<P><FONT face="Times New Roman" size=2>Item
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of
securities</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the terms of the Plan, the Committee is authorized to issue, upon
exercise of the Options granted, Common Stock either from authorized but
unissued Common Stock, or from Common Stock reacquired by the Company.&nbsp; The
aggregate number of Common Stock which may be distributed under the Plan shall
not exceed 160,000, subject to proportional adjustment in the event of changes
in capitalization of the Company.</FONT></P>
<P align=center><FONT face="Times New Roman" size=2><BR><BR>2<BR
clear=all></FONT></P>
<HR>

<P><FONT face="Times New Roman" size=2></FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Certificate of Incorporation authorizes the Company to issue up to 8,000,000
shares of Common Stock, of which, as of the date of this Prospectus, 3,397,613
shares of Common Stock are issued and outstanding; 540,541 shares of Common
Stock are held in the Company's Treasury; 27,750 shares of Common Stock are
reserved for issuance under the 2012 Taylor Devices, Inc. Stock Option Plan;
226,552 shares of Common Stock are reserved for issuance under the 2004 Taylor
Devices, Inc. Employee Stock Purchase Plan; and 160,000 shares of Common Stock
are reserved for issuance under the Plan which is the subject of this
Registration Statement.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Certificate of Incorporation of the Company authorizes the Board of
Directors to issue up to 2,000,000 shares of preferred stock, $.05 par value,
with such rights and privileges, including voting rights, as it may deem
appropriate.&nbsp; Five thousand (5,000) preferred shares have been designated
by the Board of Directors as "Series 2008 Junior Participating Preferred Stock"
("Series 2008 Stock") in connection with the issuance by the Company of certain
shareholder rights ("Rights"), as more particularly described in the Rights
Agreement between the Company and Regan &amp; Associates, Inc., as Rights Agent,
dated as of October 5, 2008, attached as Exhibit 4 to the Company's Registration
Statement on Form 8-A filed with the Commission on or about October 3, 2008
("Rights Agreement"). The Certificate of Amendment to the Company's Certificate
of Incorporation designating the Series 2008 Stock was filed by the New York
Secretary of State on September 16, 2008 (the "Amendment").</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On September 15, 2008, the Board of Directors of Taylor Devices, Inc. (the
"Company") declared (i) a dividend of one Right for each outstanding share of
the Company's Common Stock, par value $.025 per share (the "Common Stock"), to
shareholders of record at the close of business on October 3, 2008 (the "Record
Date").&nbsp; Each Right entitles the registered holder to purchase from the
Company a unit consisting of one two-thousandths (1/2000) of a share of Series
2008 Junior Participating Preferred Stock, par value $.05 per share (the "Series
2008 Preferred Stock"), at a Purchase Price of $5.00 per unit of one
two-thousandths of a share, subject to adjustment.&nbsp; The description and
terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement")
between the Company and Regan &amp; Associates, Inc., as Rights Agent.&nbsp;
Computershare Investor Services, with offices located at 250 Royall Street,
Canton MA 02021, serves as the Company's transfer agent (the "Transfer
Agent").</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Initially, the Rights will be attached to all Common Stock certificates
representing shares then outstanding, and no separate Rights Certificates will
be distributed. A Distribution Date will occur and the Rights will separate from
the Common Stock upon the earliest of (i) 10 days following a public
announcement that a Person or group of affiliated or associated Persons (an
"Acquiring Person") has acquired, or obtained the right to acquire, beneficial
ownership of 15% or more of the shares of Common Stock then outstanding (the "Stock Acquisition Date"), (ii) 10 business
days following the commencement of a tender offer or exchange offer that would
result in a Person or group beneficially owning 10% or more of such outstanding
shares of Common Stock (unless such tender offer or exchange offer is an offer
for all outstanding shares of Common Stock which a majority of the unaffiliated
Directors who are not officers of the Company determine to be fair to and
otherwise in the best interests of the Company and its shareholders) or (iii)
the date the Board of Directors declares a person to be an "Adverse Person",
upon a determination by the Board that such Person, together with his affiliates
or associates, is or has become the beneficial owner of 10% or more of the
shares of Common Stock outstanding, and upon a determination by at least a
majority of the Continuing Directors (as defined below) who are not officers of
the Company, after reasonable inquiry and investigation, including consultation
with such persons as such Directors shall deem appropriate, that (a) such
beneficial ownership by such person is intended to cause the Company to
repurchase the Common Stock beneficially owned by such person or to cause
pressure on the Company to take action or enter into a transaction or series of
transactions intended to provide such person with short-term financial gain
under circumstances where such Continuing Directors determine that the best
long-term interests of the Company and its shareholders would not be served by
taking such action or entering into such transactions or series of transactions
at that time, or (b) such beneficial ownership is causing or reasonably likely
to cause a material adverse impact (including, but not limited to, impairment of
relationships with customers, impairment of the Company's ability to maintain
its competitive position or impairment of the Company's business reputation or
ability to deal with governmental agencies) on the business or prospects of the
Company.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
power of the Board of Directors to issue preferred shares, such as Series 2008
Stock, may enable the Board of Directors to prevent a change in control despite
a shift in ownership of the Common Stock.&nbsp; In addition, the Board of
Directors' power to issue additional Common Stock may delay or deter a change in
control by increasing the number of Common Stock needed to gain
control.&nbsp;<BR><BR><U>&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;&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><BR></FONT><FONT face=Times size=2><SUP>1</SUP> Under the Rights Agreement,
for purposes of calculating percentages of Common Stock outstanding, shares of
Common Stock outstanding shall include all shares of Common Stock deemed to be
beneficially owned by a person and its affiliates and associates, even if not
actually then outstanding.&nbsp;</FONT></P>
<P align=center><FONT face="Times New Roman" size=2><BR>3</FONT></P>
<HR>

<P><FONT face="Times New Roman"
size=2><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, under New&nbsp;York law, the Company cannot enter into certain
business combinations involving persons beneficially owning 20% or more of the
shares of Common Stock, unless the Board of Directors has approved the business
combination or the stock acquisition by which the person's interest reached 20%
("Stock Acquisition") prior to the date of the Stock Acquisition.&nbsp; This
restriction applies for 5 years after the date of the Stock Acquisition, and
thereafter, the Company may enter into a business combination with the
interested person (1)&nbsp;if the combination is approved by vote of the holders
of a majority of the Common Stock beneficially owned by disinterested
shareholders or (2)&nbsp;as part of the business combination if the
disinterested shareholders receive a price for their Common Stock equal to or
greater than the price determined in accordance with a statutory formula
intended to assure that the shareholder will receive an equitable price in the
business combination.&nbsp; New&nbsp;York law also prevents the Company from
purchasing more than 10% of the shares of Common Stock for more than their
market value unless the purchase is approved by the Board of Directors and by a
majority vote of all outstanding Common Stock, unless the offer to purchase is
extended to all shareholders, or unless the offer is for Common Stock the holder
has held for more than 2 years.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Common Stock is listed on the NASDAQ Capital Market.</FONT></P>
<P><FONT face="Times New Roman" size=2>Item
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interests of Named
Experts and
Counsel.<BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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" size=2>Item
6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification
of Directors and Officers</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Certificate of Incorporation of the Company eliminates or limits the
personal liability of the members of the Company's Board of Directors to the
fullest extent permitted under the New&nbsp;York Business Corporation Law (the
"BCL"), providing that directors will not be liable to the Company or its
shareholders for monetary damages for breach of fiduciary duty as a director,
except to the extent required by law.&nbsp; The BCL requires that a director be
liable if a judgment or other final disposition adverse to the director
establishes that (1)&nbsp;such director's acts or omissions were in bad faith or
involved intentional misconduct or knowing violation of law; or (2) such
director personally gained in fact a financial profit or other advantage to
which the director was not legally entitled; or (3)&nbsp;the acts of such
director violated Section&nbsp;719 of the BCL.&nbsp; Section&nbsp;719 provides
that, unless a director performs the duties of a director in good faith and with
a degree of care which an ordinary prudent person in a like position would use
under similar circumstances, the director may be liable for voting or concurring
in the following corporate actions; (a)&nbsp;the declaration of an illegal
dividend; (b)&nbsp;a corporation's repurchase of its own stock when the
repurchase is not authorized by New&nbsp;York law; (c)&nbsp;the distribution of
assets to shareholders after dissolution of the corporation without adequately
providing for known liabilities of the corporation; and (d)&nbsp;a loan by a
corporation to any director unless the loan is authorized by a vote of
shareholders.&nbsp;&nbsp;</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company's by&#8209;laws require the Company to indemnify any person (including any
director, officer or employee) to the full extent permitted by law, who is made,
or threatened to be made, a party to any action or proceeding, whether criminal
or civil, by reason of the fact that such person is or was a director or officer
of the Company or serves or served any other corporation in any capacity at the
request of the Company.&nbsp;</FONT></P>
<P align=center><BR><BR><FONT size=2>4</FONT></P>
<HR>

<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company has entered into indemnity agreements with its directors and certain
executive officers.&nbsp; These agreements provide broad indemnification, within
the limits permitted by law, and provide that funds will be advanced to the
indemnities to cover expenses and losses, subject to reimbursement if it is
later determined that indemnification is not permitted.&nbsp; In addition, the
Company annually purchases directors and officers liability
insurance.</FONT></P>
<P><FONT face="Times New Roman" size=2>Item
7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption from
Registration Claimed.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Not applicable.</FONT></P>
<P align=center><BR><BR><BR><FONT size=2>5</FONT></P>
<HR>

<P><FONT face="Times New Roman" size=2>Item 8.&nbsp;&nbsp;
Exhibits<BR><BR>&nbsp;</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width=1109 border=0>

  <TR>
    <TD vAlign=top width=119>
      <P align=center><U><FONT face="Times New Roman" size=2>Exhibit
      Number</FONT></U></P></TD>
    <TD vAlign=top width=915>
      <P align=center><U><FONT face="Times New Roman"
      size=2>Description<BR>&nbsp;</FONT></U></P></TD>
    <TD vAlign=top width=75>
      <P align=right><FONT face="Times New Roman" size=2></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=119>
      <P align=center><FONT face="Times New Roman" size=2>4.1</FONT></P></TD>
    <TD vAlign=top width=915>
      <P><FONT face="Times New Roman" size=2>2015 Taylor Devices, Inc. Stock
      Option Plan (incorporated by reference to Appendix B to Taylor Devices,
      Inc. Proxy Statement dated September 10, 2015, Commission File
      No.&nbsp;0&#8209;3498).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
      <P><FONT face="Times New Roman" size=2></FONT></P></TD>
    <TD vAlign=top width=75>
      <P align=right><FONT face="Times New Roman" size=2></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=119>
      <P align=center><FONT face="Times New Roman" size=2>4.2</FONT></P></TD>
    <TD vAlign=top width=915>
      <P><FONT face="Times New Roman" size=2>Summary of Stock Option
      Grant.</FONT></P>
      <P><FONT face="Times New Roman" size=2></FONT></P></TD>
    <TD vAlign=top width=75>
      <P align=right><FONT face="Times New Roman" size=2></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=119>
      <P align=center><FONT face="Times New Roman" size=2>5</FONT></P></TD>
    <TD vAlign=top width=915>
      <P><FONT face="Times New Roman" size=2>Opinion of Barclay Damon, LLP
      regarding legality of Common stock being
      registered.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
      <P><FONT face="Times New Roman" size=2></FONT></P></TD>
    <TD vAlign=top width=75>
      <P align=right><FONT face="Times New Roman" size=2></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=119>
      <P align=center><FONT face="Times New Roman" size=2>23.1</FONT></P></TD>
    <TD vAlign=top width=915>
      <P><FONT face="Times New Roman" size=2>Consent of Lumsden &amp; McCormick,
      LLP</FONT></P>
      <P><FONT face="Times New Roman" size=2></FONT></P></TD>
    <TD vAlign=top width=75>
      <P align=right><FONT face="Times New Roman" size=2></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=119>
      <P align=center><FONT face="Times New Roman" size=2>23.2</FONT></P></TD>
    <TD vAlign=top width=915>
      <P><FONT face="Times New Roman" size=2>Consent of Barclay Damon, LLP
      (included in their Opinion filed as Exhibit 5).</FONT></P></TD>
    <TD vAlign=top width=75>
      <P align=right><FONT face="Times New Roman"
  size=2></FONT></P></TD></TR></TABLE>
<P><FONT face="Times New Roman" size=2></FONT></P>
<P align=center><FONT face="Times New Roman" size=2><BR>6</FONT></P>
<HR>

<P><FONT face="Times New Roman" size=2>Item
9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned Company hereby undertakes:</FONT></P>
<P><FONT face="Times New Roman"
size=2>&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;
(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in
which the Company offers or sells securities, a post&#8209;effective amendment to this
Registration Statement, to include any additional or changed material
information on the plan of distribution.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&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;
(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For determining liability under
the Securities Act, to treat each post&#8209;effective amendment as a new registration
statement of the securities offered, and the offering of such securities at that
time to be the initial <I>bona&nbsp;fide</I> offering.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&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;
(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file a post&#8209;effective amendment
to remove from registration any of the securities which remain unsold at the end
of the offering.</FONT></P>
<P><FONT face="Times New Roman"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore,
unenforceable.&nbsp; In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid
by a director, officer or controlling person of the Company 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
Company 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 the Company 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=center><BR><BR><FONT size=2>7</FONT></P>
<HR>

<P align=center><B><FONT face="Times New Roman" size=2>SIGNATURES</FONT></B></P>
<P><FONT face="Times New Roman"
size=2>&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;
Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S&#8209;8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of North&nbsp;Tonawanda, State of New&nbsp;York, on the
23<SUP>rd</SUP> day of October 2015.</FONT></P>
<P><FONT face="Times New Roman" size=2></FONT></P>
<P><B><FONT face="Times New Roman"
size=2>&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TAYLOR DEVICES, INC.</FONT></B></P>
<P><FONT face="Times New Roman" size=2></FONT></P>
<P><FONT face=Times size=2></FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width=1027 border=0>

  <TR>
    <TD vAlign=top width=581>
      <P align=right><FONT face=Times size=2>By:&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></P></TD>
    <TD vAlign=top width=446>
      <P><U><FONT face=Times size=2>/s/Douglas P. Taylor</FONT></U><FONT
      face=Times size=2><BR>Douglas P. Taylor,<BR>President, Chief Executive
      Officer and Director<BR>(<I>Principal Executive
  Officer</I>)</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=581>
      <P><FONT face=Times size=2></FONT></P></TD>
    <TD vAlign=top width=446>
      <P><FONT face=Times size=2></FONT></P>
      <P><FONT face=Times size=2>And</FONT></P>
      <P><FONT face=Times size=2></FONT></P>
      <P><FONT face=Times size=2></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width=581>
      <P align=right><FONT face=Times size=2>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></P></TD>
    <TD vAlign=top width=446>
      <P><U><FONT face=Times size=2>/s/Mark V. McDonough</FONT></U><FONT
      face=Times size=2><BR>Mark V. McDonough,<BR>Chief Financial
      Officer<BR>(<I>Principal Financial and Accounting
    Officer</I>)</FONT></P></TD></TR></TABLE>
<P><FONT face=Times size=2></FONT></P>
<P align=center><B><FONT face=Times size=2>POWER OF ATTORNEY</FONT></B></P>
<P><FONT face=Times
size=2>&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;
Each person whose signature appears below constitutes and appoints
Douglas&nbsp;P. Taylor his attorney&#8209;in&#8209;fact, with the power of substitution, for
him in any and all capacities, to sign any amendments to this registration
statement, and to file the same, with exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorney&#8209;in&#8209;fact, or his substitute or
substitutes, may do or cause to be done by virtue hereof.</FONT></P>
<P><FONT face=Times
size=2>&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;
Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed below by the following persons in the capacities and
on the date indicated.</FONT></P>
<P></P>
<TABLE height=257 cellSpacing=0 cellPadding=0 width=984 border=0>

  <TR>
    <TD vAlign=top width=580 height=49>
      <P><B><FONT face=Times size=2>Signature</FONT></B></P>
      <P><FONT face=Times size=2></FONT></P></TD>
    <TD vAlign=top width=404 height=49>
      <P><FONT face=Times size=2></FONT></P></TD></TR>
  <TR height=74>
    <TD vAlign=top width=580 height=101>
      <P><FONT face=Times size=2><U>/s/ Randall L. Clark&nbsp;&nbsp;&nbsp;
      </U>&nbsp; <BR>&nbsp;Randall L. Clark, Director<BR>Date:&nbsp;&nbsp;
      October 23, 2015</FONT></P></TD>
    <TD vAlign=top width=404 height=101>
      <P><U><FONT face=Times size=2>/s/ Richard G. Hill</FONT></U><FONT
      face=Times size=2><BR>Richard G. Hill, Director<BR>Date:&nbsp;&nbsp;
      October 23, 2015</FONT></P></TD></TR>
  <TR height=107>
    <TD vAlign=top width=580 height=107>
      <P><U><FONT face=Times size=2>/s/ Reginald B. Newman II</FONT></U><FONT
      face=Times size=2><BR>Reginald B. Newman II, Director<BR>Date:&nbsp;&nbsp;
      October 23, 2015</FONT></P></TD>
    <TD vAlign=top width=404 height=107>
      <P><U><FONT face=Times size=2>/s/ John Burgess</FONT></U><FONT face=Times
      size=2><BR>John Burgess, Director<BR>Date:&nbsp;&nbsp; October 23,
      2015</FONT></P></TD></TR></TABLE>
<P><FONT face=Times size=2></FONT></P>
<P align=center><FONT face=Times size=2>&nbsp;8</FONT></P>
<HR>

<P><FONT face=Times size=2></FONT></P></DIV>
<DIV>
<DIV id=ftn1>
<P>&nbsp;</P></DIV></DIV></BODY></HTML>
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Taylor Devices S8 1998 [wp5.1]
As filed with the Securities
and Exchange Commission April 8, 2015
Registration No. __________
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
Form S‑8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
TAYLOR DEVICES,
INC.
(Exact name of
registrant as specified in its charter)
New York
(State or other jurisdiction
of incorporation or
      organization)
16‑0797789
(I.R.S. Employer Identification
  No.)
90 Taylor Drive,
North Tonawanda, New York 14120‑0748
(Address of registrant's principal
executive offices)
2015 TAYLOR DEVICES,
INC. STOCK OPTION PLAN
(Full title of the plan)
SANDRA S.
O'LOUGHLIN, ESQ.
Barclay
Damon, LLP
200 Delaware Avenue
Suite 1200
Buffalo, New York
14202
Telephone (716) 856‑5400
(Name, address and
telephone number, including area code, of agent for service)
Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.  See the definitions of "large
accelerated filer," "accelerated filer," and "smaller reporting company" in Rule
12b-2 of the Exchange Act.
Large accelerated filer  
[  
]                                                                                                                                 Accelerated
filer [   ]
Non-accelerated filer    
[   ] (Do not check if a smaller reporting
company)                                                          
Smaller reporting company [ X ]
Calculation of
Registration Fee
Title of
      securities to
be registered
Amount to
      be
registered
(1)
Proposed
      maximum
offering price per
share
(2
)
Proposed
      maximum
aggregate offering
price
(2)
Amount
      of
Registration Fee
Common Stock,
$.025 par value
160,000
      Shares
14.623
$2,339,680.00
$235.61
(1)
The Registration Statement also covers an
indeterminate number of additional options and shares that may be offered and
issued pursuant to the antidilution provisions of the Plan.
(2)
Estimated pursuant
to Rule 457 solely for the purpose of calculating the registration fee. 
The price per share is estimated to be $14.623 based on the average of the high
and low prices of the Common Stock reported in the consolidated reporting system
as of April 4, 2016 for the NASDAQ Capital Market.
1
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 included in the Section 10(a) prospectus is omitted from this Registration
Statement in accordance with Rule 428 under the Securities Act of 1933 (the
"Securities Act") and the "Note" to Part I of Form S-8.
PART
II
INFORMATION REQUIRED IN REGISTRATION
STATEMENT
(INFORMATION
NOT REQUIRED IN THE PROSPECTUS)
Item
3.        Incorporation of Documents by
Reference
The following documents are hereby incorporated by reference in this
Registration Statement:
(a)             
The Company's latest annual report filed pursuant to Section 13(a) or 15(d)
of the Exchange Act; and
(b)             
All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the
Exchange Act since the end of the fiscal year covered by the annual report
referred to in (a) above.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, (other than Current Reports furnished under Item 2.02
or item 7.01 of Form 8-K and exhibits furnished on such form that relate to such
items), after the date hereof and prior to the filing with the Commission of a
post‑effective amendment which indicates that the securities offered hereby have
been sold or which deregisters the securities covered hereby then remaining
unsold, shall also be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the respective date of
filing of such documents.
Item
4.        Description of
securities
Pursuant to the terms of the Plan, the Committee is authorized to issue, upon
exercise of the Options granted, Common Stock either from authorized but
unissued Common Stock, or from Common Stock reacquired by the Company.  The
aggregate number of Common Stock which may be distributed under the Plan shall
not exceed 160,000, subject to proportional adjustment in the event of changes
in capitalization of the Company.
2
The Certificate of Incorporation authorizes the Company to issue up to 8,000,000
shares of Common Stock, of which, as of the date of this Prospectus, 3,397,613
shares of Common Stock are issued and outstanding; 540,541 shares of Common
Stock are held in the Company's Treasury; 27,750 shares of Common Stock are
reserved for issuance under the 2012 Taylor Devices, Inc. Stock Option Plan;
226,552 shares of Common Stock are reserved for issuance under the 2004 Taylor
Devices, Inc. Employee Stock Purchase Plan; and 160,000 shares of Common Stock
are reserved for issuance under the Plan which is the subject of this
Registration Statement.
The Certificate of Incorporation of the Company authorizes the Board of
Directors to issue up to 2,000,000 shares of preferred stock, $.05 par value,
with such rights and privileges, including voting rights, as it may deem
appropriate.  Five thousand (5,000) preferred shares have been designated
by the Board of Directors as "Series 2008 Junior Participating Preferred Stock"
("Series 2008 Stock") in connection with the issuance by the Company of certain
shareholder rights ("Rights"), as more particularly described in the Rights
Agreement between the Company and Regan & Associates, Inc., as Rights Agent,
dated as of October 5, 2008, attached as Exhibit 4 to the Company's Registration
Statement on Form 8-A filed with the Commission on or about October 3, 2008
("Rights Agreement"). The Certificate of Amendment to the Company's Certificate
of Incorporation designating the Series 2008 Stock was filed by the New York
Secretary of State on September 16, 2008 (the "Amendment").
On September 15, 2008, the Board of Directors of Taylor Devices, Inc. (the
"Company") declared (i) a dividend of one Right for each outstanding share of
the Company's Common Stock, par value $.025 per share (the "Common Stock"), to
shareholders of record at the close of business on October 3, 2008 (the "Record
Date").  Each Right entitles the registered holder to purchase from the
Company a unit consisting of one two-thousandths (1/2000) of a share of Series
2008 Junior Participating Preferred Stock, par value $.05 per share (the "Series
2008 Preferred Stock"), at a Purchase Price of $5.00 per unit of one
two-thousandths of a share, subject to adjustment.  The description and
terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement")
between the Company and Regan & Associates, Inc., as Rights Agent. 
Computershare Investor Services, with offices located at 250 Royall Street,
Canton MA 02021, serves as the Company's transfer agent (the "Transfer
Agent").
Initially, the Rights will be attached to all Common Stock certificates
representing shares then outstanding, and no separate Rights Certificates will
be distributed. A Distribution Date will occur and the Rights will separate from
the Common Stock upon the earliest of (i) 10 days following a public
announcement that a Person or group of affiliated or associated Persons (an
"Acquiring Person") has acquired, or obtained the right to acquire, beneficial
ownership of 15% or more of the shares of Common Stock then outstanding (the "Stock Acquisition Date"), (ii) 10 business
days following the commencement of a tender offer or exchange offer that would
result in a Person or group beneficially owning 10% or more of such outstanding
shares of Common Stock (unless such tender offer or exchange offer is an offer
for all outstanding shares of Common Stock which a majority of the unaffiliated
Directors who are not officers of the Company determine to be fair to and
otherwise in the best interests of the Company and its shareholders) or (iii)
the date the Board of Directors declares a person to be an "Adverse Person",
upon a determination by the Board that such Person, together with his affiliates
or associates, is or has become the beneficial owner of 10% or more of the
shares of Common Stock outstanding, and upon a determination by at least a
majority of the Continuing Directors (as defined below) who are not officers of
the Company, after reasonable inquiry and investigation, including consultation
with such persons as such Directors shall deem appropriate, that (a) such
beneficial ownership by such person is intended to cause the Company to
repurchase the Common Stock beneficially owned by such person or to cause
pressure on the Company to take action or enter into a transaction or series of
transactions intended to provide such person with short-term financial gain
under circumstances where such Continuing Directors determine that the best
long-term interests of the Company and its shareholders would not be served by
taking such action or entering into such transactions or series of transactions
at that time, or (b) such beneficial ownership is causing or reasonably likely
to cause a material adverse impact (including, but not limited to, impairment of
relationships with customers, impairment of the Company's ability to maintain
its competitive position or impairment of the Company's business reputation or
ability to deal with governmental agencies) on the business or prospects of the
Company.
The
power of the Board of Directors to issue preferred shares, such as Series 2008
Stock, may enable the Board of Directors to prevent a change in control despite
a shift in ownership of the Common Stock.  In addition, the Board of
Directors' power to issue additional Common Stock may delay or deter a change in
control by increasing the number of Common Stock needed to gain
control.
1
Under the Rights Agreement,
for purposes of calculating percentages of Common Stock outstanding, shares of
Common Stock outstanding shall include all shares of Common Stock deemed to be
beneficially owned by a person and its affiliates and associates, even if not
actually then outstanding.
3
In addition, under New York law, the Company cannot enter into certain
business combinations involving persons beneficially owning 20% or more of the
shares of Common Stock, unless the Board of Directors has approved the business
combination or the stock acquisition by which the person's interest reached 20%
("Stock Acquisition") prior to the date of the Stock Acquisition.  This
restriction applies for 5 years after the date of the Stock Acquisition, and
thereafter, the Company may enter into a business combination with the
interested person (1) if the combination is approved by vote of the holders
of a majority of the Common Stock beneficially owned by disinterested
shareholders or (2) as part of the business combination if the
disinterested shareholders receive a price for their Common Stock equal to or
greater than the price determined in accordance with a statutory formula
intended to assure that the shareholder will receive an equitable price in the
business combination.  New York law also prevents the Company from
purchasing more than 10% of the shares of Common Stock for more than their
market value unless the purchase is approved by the Board of Directors and by a
majority vote of all outstanding Common Stock, unless the offer to purchase is
extended to all shareholders, or unless the offer is for Common Stock the holder
has held for more than 2 years.
The Common Stock is listed on the NASDAQ Capital Market.
Item
5.          Interests of Named
Experts and
Counsel.
Not applicable.
Item
6.           Indemnification
of Directors and Officers
The Certificate of Incorporation of the Company eliminates or limits the
personal liability of the members of the Company's Board of Directors to the
fullest extent permitted under the New York Business Corporation Law (the
"BCL"), providing that directors will not be liable to the Company or its
shareholders for monetary damages for breach of fiduciary duty as a director,
except to the extent required by law.  The BCL requires that a director be
liable if a judgment or other final disposition adverse to the director
establishes that (1) such director's acts or omissions were in bad faith or
involved intentional misconduct or knowing violation of law; or (2) such
director personally gained in fact a financial profit or other advantage to
which the director was not legally entitled; or (3) the acts of such
director violated Section 719 of the BCL.  Section 719 provides
that, unless a director performs the duties of a director in good faith and with
a degree of care which an ordinary prudent person in a like position would use
under similar circumstances, the director may be liable for voting or concurring
in the following corporate actions; (a) the declaration of an illegal
dividend; (b) a corporation's repurchase of its own stock when the
repurchase is not authorized by New York law; (c) the distribution of
assets to shareholders after dissolution of the corporation without adequately
providing for known liabilities of the corporation; and (d) a loan by a
corporation to any director unless the loan is authorized by a vote of
shareholders.
The Company's by‑laws require the Company to indemnify any person (including any
director, officer or employee) to the full extent permitted by law, who is made,
or threatened to be made, a party to any action or proceeding, whether criminal
or civil, by reason of the fact that such person is or was a director or officer
of the Company or serves or served any other corporation in any capacity at the
request of the Company.
4
The Company has entered into indemnity agreements with its directors and certain
executive officers.  These agreements provide broad indemnification, within
the limits permitted by law, and provide that funds will be advanced to the
indemnities to cover expenses and losses, subject to reimbursement if it is
later determined that indemnification is not permitted.  In addition, the
Company annually purchases directors and officers liability
insurance.
Item
7.          Exemption from
Registration Claimed.
Not applicable.
5
Item 8.  
Exhibits
Exhibit
      Number
Description
4.1
2015 Taylor Devices, Inc. Stock
      Option Plan (incorporated by reference to Appendix B to Taylor Devices,
      Inc. Proxy Statement dated September 10, 2015, Commission File
      No. 0‑3498).
4.2
Summary of Stock Option
      Grant.
5
Opinion of Barclay Damon, LLP
      regarding legality of Common stock being
      registered.
23.1
Consent of Lumsden & McCormick,
      LLP
23.2
Consent of Barclay Damon, LLP
      (included in their Opinion filed as Exhibit 5).
6
Item
9.         Undertakings
A.                   
The undersigned Company hereby undertakes:
(a)        To file, during any period in
which the Company offers or sells securities, a post‑effective amendment to this
Registration Statement, to include any additional or changed material
information on the plan of distribution.
(b)        For determining liability under
the Securities Act, to treat each post‑effective amendment as a new registration
statement of the securities offered, and the offering of such securities at that
time to be the initial
bona fide
offering.
(c)        To file a post‑effective amendment
to remove from registration any of the securities which remain unsold at the end
of the offering.
B.                     
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the 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 Company of expenses incurred or paid
by a director, officer or controlling person of the Company 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
Company 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 the Company is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.
7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
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 North Tonawanda, State of New York, on the
23
rd
day of October 2015.
TAYLOR DEVICES, INC.
By:
/s/Douglas P. Taylor
Douglas P. Taylor,
President, Chief Executive
      Officer and Director
(
Principal Executive
  Officer
)
And
By:
/s/Mark V. McDonough
Mark V. McDonough,
Chief Financial
      Officer
(
Principal Financial and Accounting
    Officer
)
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints
Douglas P. Taylor his attorney‑in‑fact, with the power of substitution, for
him in any and all capacities, to sign any amendments to this registration
statement, and to file the same, with exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorney‑in‑fact, or his substitute or
substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed below by the following persons in the capacities and
on the date indicated.
Signature
/s/ Randall L. Clark
Randall L. Clark, Director
Date:  
      October 23, 2015
/s/ Richard G. Hill
Richard G. Hill, Director
Date:  
      October 23, 2015
/s/ Reginald B. Newman II
Reginald B. Newman II, Director
Date:  
      October 23, 2015
/s/ John Burgess
John Burgess, Director
Date:   October 23,
      2015
8