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): March 22, 2004

                                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 March 22, 2004, the Company issued a press release setting forth Ault's third
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:   March 22, 2004