Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (date of earliest event reported): October 16, 2003

                                Ault Incorporated
             (Exact name of Registrant as specified in its charter)

       Minnesota                    0-12611               41-0842932
----------------------------     ------------          ---------------
(State or other jurisdiction     (Commission           (I.R.S. Employer
   of incorporation)             File Number)         Identification No.)

7105 Northland Terrace
Minneapolis, MN  55428-1028                               55428
--------------------------------------           --------------------------
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code: (763) 592-1900

Item 12. Results of Operations and Financial Conditions

On October 15, 2003, the Company issued a press release setting forth Ault's
first quarter 2004 financial results. A copy of the press release is attached
hereto as Exhibit 99.1 and hereby incorporated by reference in this Item 12.

Exhibit Index

   99.1   Press release reporting first quarter 2004 financial results.


          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                                AULT INCORPORATED

                                                By:  /s/ Donald L. Henry
                                                Donald L. Henry
                                                Chief Financial Officer

Dated:   October 16, 2003