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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3.75in"><FONT STYLE="letter-spacing: -0.1pt">Registration
No. _____________</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">UNITED STATES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="height: 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">Washington, D.C.
20549</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>Form S&#45;8</B></FONT></P>

<P STYLE="height: 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B><U>TAYLOR
DEVICES, INC.</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>(Exact name
of registrant as specified in its charter)</I></FONT></P>

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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B><U>New&nbsp;York</U></B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>(State or other
    jurisdiction</I></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>of incorporation
    or organization)</I></FONT></P></TD>
    <TD STYLE="width: 50%; padding-right: 0.25in; padding-left: 0.25in">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B><U>16&#45;0797789</U></B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>(I.R.S. Employer
    Identification No.)</I></FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B><U>90&nbsp;Taylor
Drive, North Tonawanda, New&nbsp;York 14120</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>(Address of
registrant's principal executive offices)</I></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B><U>2022
TAYLOR DEVICES, INC. STOCK OPTION PLAN</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>(Full title
of the plan)</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>GUST P. PULLMAN</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Barclay Damon
LLP</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">200 Delaware Avenue</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Suite 1200</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Buffalo, New&nbsp;York
14202</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><U>Telephone (716)
856&#45;5500</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><I>(Name, address
and telephone number, including area code, of agent for service)</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">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 &quot;large accelerated filer,&quot; &quot;accelerated filer,&quot; and &quot;smaller reporting company&quot;
in Rule 12b-2 of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Large accelerated
filer [ ]&#9;Accelerated filer [ ]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Non-accelerated
filer [ ] (Do not check if a smaller reporting company)&#9;Smaller reporting company [ X ]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>Calculation
of Registration Fee</B></FONT></P>

<P STYLE="height: 3pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Title
    of securities to be registered</FONT></P></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Amount to be</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">registered
    <SUP>(1)</SUP></FONT></P></TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Proposed
    maximum</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">offering price
    per</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">share
    <SUP>(2)</SUP></FONT></P></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Proposed
    maximum</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">aggregate offering</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">price
    <SUP>(2)</SUP></FONT></P></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Amount of</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Registration
    Fee</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.1pt">Common Stock, $0.025 par value</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">260,000
    Shares</FONT></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">$12.285</FONT></P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">$3,194,100.00</FONT></P></TD>
    <TD STYLE="border: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">$351.99</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt"><SUP>(1)
</SUP></FONT><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">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></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt"><SUP>(2)
</SUP>Estimated pursuant to Rule 457 solely for the purpose of calculating the registration fee. The price per share is estimated to be
$12.285 based on the average of the high and low prices of the Common Stock reported in the consolidated reporting system as of October
28, 2022, for the NASDAQ Capital Market</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>PART I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 1.&#9;Plan Information. *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 2. &#9;Registrant Information and Employee Plan
Annual Information. *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">*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 &quot;Securities Act&quot;) and the &quot;Note&quot; to Part I of Form S-8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#9;INFORMATION
REQUIRED IN REGISTRATION STATEMENT</B></FONT>&#9;(INFORMATION NOT REQUIRED IN THE PROSPECTUS)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 3. &#9;Incorporation of Documents by Reference</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The following documents are hereby
incorporated by reference in this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(b)&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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">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&#45;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 4.&#9; &#9;Description of securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">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 260,000, subject to proportional adjustment in the event of changes in capitalization of the Company.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&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, 4,061,126 shares of Common Stock are issued and outstanding; 558,834 shares of Common Stock are held in the Company's Treasury;
23,750 shares of Common Stock are reserved for issuance under the 2015 Taylor Devices, Inc. Stock Option Plan; 217,287 shares of Common
Stock are reserved for issuance under the 2004 Taylor Devices, Inc. Employee Stock Purchase Plan; and 260,000 shares of Common Stock are
reserved for issuance under the Plan which is the subject of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">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 &quot;Series 2008 Junior Participating Preferred Stock&quot; (&quot;Series 2008 Stock&quot;) in connection with
the issuance by the Company of certain shareholder rights (&quot;Rights&quot;), as more particularly described in the Rights Agreement
between the Company and Computershare Trust Company, N.A., as Rights Agent, dated as of October 5, 2018, attached as Exhibit 4 to the
Company's Registration Statement on Form 8-A filed with the Commission on or about October 5, 2018 (&quot;Rights Agreement&quot;). 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 &quot;Amendment&quot;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">As of October 5, 2018, the Board
of Directors of Taylor Devices, Inc. (the &quot;Company&quot;) declared a dividend of one Right for each outstanding share of the Company's
Common Stock, par value $.025 per share (the &quot;Common Stock&quot;), to shareholders of record at the close of business on October
19, 2018 (the &quot;Record Date&quot;). 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 A Junior Participating Preferred Stock, par value $.05 per share (the &quot;Series A Preferred
Stock&quot;), 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 &quot;Rights Agreement&quot;) between the Company and Computershare Trust Company,
N.A., as Rights Agent. Computershare Trust Company, N.A. currently serves as the Company&#8217;s Transfer Agent (the &#8220;Transfer Agent&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#9;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 &quot;Acquiring Person&quot;) has acquired, or obtained the
right to acquire, beneficial ownership of 15% or more of the shares of Common Stock then outstanding<SUP>1</SUP> (the &quot;Stock Acquisition
Date&quot;), (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 &quot;Adverse Person&quot;, 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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">the business or prospects of the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">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,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">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% (&quot;Stock Acquisition&quot;) 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)&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. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The Common Stock is listed on the
NASDAQ Capital Market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 5. &#9;Interests of Named Experts and Counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.4in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 6.&#9; &#9;Indemnification of Directors and Officers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;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 &quot;BCL&quot;), 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)&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. 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.&#9;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">The Company's by&#45;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.</P>


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<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 7.&#9;Exemption from Registration Claimed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 31.5pt">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Item 8.</TD><TD STYLE="text-align: justify">Exhibits</TD></TR></TABLE>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt/13.65pt Times New Roman, Times, Serif; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Exhibit Number</U></FONT></TD>
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt/13.65pt Times New Roman, Times, Serif; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Description</U></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: right"><U>Page</U></P>
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">2022
    Taylor Devices, Inc. Stock Option Plan (incorporated by reference to Appendix A to Taylor Devices, Inc. Proxy Statement dated September
    6, 2022, Commission File No.&nbsp;0&#45;3498).</FONT>&#9;</P>
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Summary of Stock Option Grant.</P>
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Opinion
    of Barclay Damon LLP regarding legality of Common stock being registered.</FONT>&#9;</P>
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Consent of Lumsden &amp; McCormick, LLP</P>
    <P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent of Barclay Damon LLP (included in their Opinion filed as Exhibit 5).</FONT></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filing Fee</FONT></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filing Fee</FONT></TD>
    <TD STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0 2in; text-align: justify; text-indent: -2in">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 9.</TD><TD STYLE="text-align: justify">Undertakings</TD></TR></TABLE>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.4in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Company hereby undertakes:</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.8in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which the Company offers or sells securities, a post&#45;effective amendment to this Registration Statement,
to include any additional or changed material information on the plan of distribution.</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.8in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
determining liability under the Securities Act, to treat each post&#45;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.</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.8in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file a post&#45;effective amendment to remove from registration any of the securities which remain unsold at the end of the offering.</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.4in">B.&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. 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.</P>

<P STYLE="font: 10pt/13.65pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="height: 6pt">&nbsp;</P>

<P STYLE="font: 12pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.8in"><FONT STYLE="letter-spacing: -0.1pt">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&#45;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 31st day of October 2022.</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.8in">&nbsp;</P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.8in"><FONT STYLE="letter-spacing: -0.1pt"><B>TAYLOR
DEVICES, INC.</B></FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt/12.2pt Times New Roman, Times, Serif; layout-grid-mode: line; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.1pt">By:</FONT></TD>
    <TD STYLE="width: 58%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><U>/s/Timothy
    J. Sopko</U></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Timothy
    J. Sopko</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Chief
    Executive Officer and Director</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">(<I>Principal
    Executive Officer</I>)</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.2pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">And</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/12.2pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.1pt">By:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><U>/s/Mark
    V. McDonough</U></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Mark V.
    McDonough</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Chief
    Financial Officer</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">(<I>Principal
    Financial and Accounting Officer</I>)</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>POWER
OF ATTORNEY</B></FONT></P>

<P STYLE="height: 6pt">&nbsp;</P>

<P STYLE="font: 12pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.8in"><FONT STYLE="letter-spacing: -0.1pt">Each
person whose signature appears below constitutes and appoints Timothy J. Sopko his attorney&#45;in&#45;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&#45;in&#45;fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.8in"><FONT STYLE="letter-spacing: -0.1pt">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 STYLE="height: 6pt">&nbsp;</P>

<P STYLE="font: 12pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: bold 10pt/12.2pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>Signature</B></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt/12.2pt Times New Roman, Times, Serif; layout-grid-mode: line; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><U>/s/John
    Burgess</U></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">John Burgess,
    Chairman of the Board</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Date:&#9;October
    31, 2022</FONT></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><U>/s/Alan
    R. Klembczyk</U></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Alan R.
    Klembczyk, President and Director</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Date:&#9;October
    31, 2022</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><U>/s/Fritz
    Eric Armenat</U></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">F. Eric
    Armenat, Director</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Date:&#9;October
    31, 2022</FONT></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><U>/s/Robert
    M. Carey</U></FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Robert
    M. Carey, Director</FONT></P>
    <P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Date:&#9;October
    31, 2022</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 9pt; text-align: justify; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT>
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.</P>



<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
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{"company-data": {"conformed-name": "TAYLOR DEVICES INC", "cik": "0000096536", "assigned-sic": "3569", "irs-number": "160797789", "state-of-incorporation": "NY", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-268120", "film-number": "221355064"}, "business-address": {"street1": "90 TAYLOR DR", "city": "NORTH TONAWANDA", "state": "NY", "zip": "14120", "phone": "7166940800"}, "mail-address": {"street1": "90 TAYLOR DR", "city": "N TONAWANDA", "state": "NY", "zip": "14120"}}
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
(Address of
registrant's principal executive offices)
2022
TAYLOR DEVICES, INC. STOCK OPTION PLAN
(Full title
of the plan)
GUST P. PULLMAN
Barclay Damon
LLP
200 Delaware Avenue
Suite 1200
Buffalo, New York
14202
Telephone (716)
856-5500
(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, $0.025 par value
260,000
    Shares
$12.285
$3,194,100.00
$351.99
(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
$12.285 based on the average of the high and low prices of the Common Stock reported in the consolidated reporting system as of October
28, 2022, for the NASDAQ Capital Market
.
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 260,000, subject to proportional adjustment in the event of changes in capitalization of the Company.
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, 4,061,126 shares of Common Stock are issued and outstanding; 558,834 shares of Common Stock are held in the Company's Treasury;
23,750 shares of Common Stock are reserved for issuance under the 2015 Taylor Devices, Inc. Stock Option Plan; 217,287 shares of Common
Stock are reserved for issuance under the 2004 Taylor Devices, Inc. Employee Stock Purchase Plan; and 260,000 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 Computershare Trust Company, N.A., as Rights Agent, dated as of October 5, 2018, attached as Exhibit 4 to the
Company's Registration Statement on Form 8-A filed with the Commission on or about October 5, 2018 ("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").
As of October 5, 2018, the Board
of Directors of Taylor Devices, Inc. (the "Company") declared 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
19, 2018 (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 A Junior Participating Preferred Stock, par value $.05 per share (the "Series A 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 Computershare Trust Company,
N.A., as Rights Agent. Computershare Trust Company, N.A. currently 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
1
(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.
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.
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.
Item 8.
Exhibits
Exhibit Number
Description
Page
4.1
2022
    Taylor Devices, Inc. Stock Option Plan (incorporated by reference to Appendix A to Taylor Devices, Inc. Proxy Statement dated September
    6, 2022, 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).
Filing Fee
Filing Fee
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.
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 31st day of October 2022.
TAYLOR
DEVICES, INC.
By:
/s/Timothy
    J. Sopko
Timothy
    J. Sopko
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 Timothy J. Sopko 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/John
    Burgess
John Burgess,
    Chairman of the Board
Date:	October
    31, 2022
/s/Alan
    R. Klembczyk
Alan R.
    Klembczyk, President and Director
Date:	October
    31, 2022
/s/Fritz
    Eric Armenat
F. Eric
    Armenat, Director
Date:	October
    31, 2022
/s/Robert
    M. Carey
Robert
    M. Carey, Director
Date:	October
    31, 2022
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.