SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K/A

                                 CURRENT REPORT

                     Pursuant to Section 13 and 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (date of earliest event reported):   June 2, 2003 (June 1, 2003)


                            ONLINE POWER SUPPLY, INC.
- --------------------------------------------------------------------------------
              Exact Name of Registrant as Specified in its Charter)

            Nevada                       00-29669                84-1176494
- ------------------------------    -----------------------   --------------------
 (State or other jurisdiction      (Commission File No.)      (I.R.S. Employer
       of incorporation)                                     Identification No.)



     8100 South Akron Street, Suite 308
     Englewood, Colorado 80112                                    80112
- ---------------------------------------------------------   --------------------
     (Address of Principal Executive Offices)                   (Zip Code)


       Registrant's telephone number, including area code: (303) 741-5641


                                 Not Applicable
- --------------------------------------------------------------------------------
               (Former Name, Former Address or Former Fiscal Year,
                          if Changed From Last Report)







ITEM 5.   OTHER EVENTS


     Effective June 1, 2003, Glenn M. Grunewald has resigned as chief executive
officer and director of the company, in order to pursue other opportunities. The
board of directors has elected Gary A. Young to serve as chief executive officer
of the company on an interim basis.




                                   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.

                                            ONLINE POWER SUPPLY, INC.


Dated: June 2, 2003                         By:    /s/  Gary A. Young
                                                 -------------------------------
                                                 GARY A. YOUNG,
                                                 Chief Executive Officer



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