- --------------------------------------------------------------------------------
                       SECURITIES AND EXCHANGE COMMISSION
                             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): AUGUST 4, 2003
                                 --------------


                                   PRAB, INC.
             (Exact name of registrant as specified in its charter)


             MICHIGAN                      0-10187               38-1654849
 (State or other jurisdiction of    (Commission File No.)      (IRS Employer
          incorporation)                                     Identification No.)

        5944 EAST KILGORE ROAD, P.O. BOX 2121, KALAMAZOO, MICHIGAN 49003
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (269) 382-8200

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ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE.

On August 4, 2003, Prab, Inc., a Michigan corporation ("Prab") issued a press
release regarding receipt of a proposal to acquire all of the capital stock of
Prab. Prab hereby incorporates by reference herein the information set forth in
its Press Release dated August 4, 2003, a copy of which is annexed hereto as
Exhibit 99.1, and the proposal letter from Stevens Financial Group, LLC, a copy
of which is annexed hereto as Exhibit 99.2.

                                 INVESTOR NOTICE

If Prab proceeds with the proposed merger, then it will file with the SEC a
proxy statement and other relevant documents concerning the merger. Investors of
Prab are urged to read the proxy statement when and if filed and any other
relevant documents filed with the SEC because they will contain important
information. You will be able to obtain the documents free of charge at the
website maintained by the SEC at www.sec.gov. In addition, you may obtain
documents filed with the SEC by Prab free of charge by requesting them in
writing from Robert W. Klinge at Prab, Inc., 5944 East Kilgore Road, P.O. Box
2121, Kalamazoo, Michigan 49003 or by telephone at (269) 382-8200.

Investors should read the proxy statement carefully when and if it becomes
available before making any voting or investment decision.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         (a)      Financial Statements.

                  Not Applicable.

         (b)      Pro Forma Financial Information.

                  Not Applicable.

         (c)      Exhibits.

                  EXHIBIT NO.              DESCRIPTION OF EXHIBIT

                        99.1               Press Release dated August 4, 2003.

                        99.2               Proposal Letter dated July 28, 2003.


                                       2

                                   SIGNATURES

         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 hereunto duly authorized.

                                   PRAB, INC.
                                   (Registrant)



Date: August 4, 2003               /s/ Gary A. Herder
                                   ---------------------------------------
                                   Gary A. Herder, Chief Executive Officer





                                      S-1





                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                             ---------------------

                           CURRENT REPORT ON FORM 8-K
        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): AUGUST 4, 2003


                             ---------------------

                                INDEX TO EXHIBITS
                                        &
                                    EXHIBITS

                             ---------------------

                                   PRAB, INC.
                            (A MICHIGAN CORPORATION)
                      5944 EAST KILGORE ROAD, P.O. BOX 2121
                            KALAMAZOO, MICHIGAN 49003







                                INDEX TO EXHIBITS
                                -----------------

         EXHIBIT NO.                           DESCRIPTION OF EXHIBIT
         -----------                           ----------------------

              99.1                 Press Release dated August 4, 2003.

              99.2                Proposal Letter dated July 28, 2003.










                                      E-1