8-K

                       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

                                 April 21, 2003
                Date of report (Date of Earliest Event Reported)

                              KATY INDUSTRIES, INC.
             (Exact name of Registrant as specified in Its Charter)

            DELAWARE                      1-5558                 75-1277589
(State or other jurisdiction of   (Commission File Number)    (I.R.S. Employer
         incorporation)                                      Identification No.)

               765 Straits Turnpike, Middlebury, Connecticut 06762
              (Address of principal executive offices and zip code)

                                 (203) 598-0397
               Registrant's telephone number, including area code



ITEM 5. Other Events

      On April 17, 2003, Katy Industries, Inc. issued a press release announcing
the implementation of a stock repurchase program. The release is attached as an
exhibit to this Form 8-K.

ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c)   Exhibits

         Number         Exhibit

         99.1           Katy Industries, Inc. press release issued April 17,
                        2003.

                                    SIGNATURE

      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.

                                   KATY INDUSTRIES, INC.


Date: April 21, 2003               By: /s/ Amir Rosenthal
                                       -----------------------------------------
                                       Amir Rosenthal
                                       Vice President, Chief Financial Officer,
                                       General Counsel and Secretary


                                    Exhibits
                                    --------

Exhibit Number                Exhibit
- --------------                -------

99.1                          Press Release

EX-99.1

                                                                    Exhibit 99.1

                                    KATY NEWS

                              FOR IMMEDIATE RELEASE

                   KATY INDUSTRIES, INC. ANNOUNCES $5 MILLION
                            STOCK REPURCHASE PROGRAM

MIDDLEBURY, CT - April 17, 2003 - Katy Industries, Inc. (NYSE: KT) today
announced a plan to repurchase up to $5 million of its common stock.

"We believe this stock repurchase plan is an attractive investment at current
stock prices and a prudent use of the company's funds," said C. Michael Jacobi,
Katy Industries' President and Chief Executive Officer.

Under the plan, the stock may be purchased in the open market or privately
negotiated transactions from time to time in compliance with the SEC's
regulations, subject to market conditions and other factors. The repurchase plan
does not require Katy to acquire any specific number of shares and may be
terminated at any time.

This press release may contain various forward-looking statements. The
forward-looking statements are based on the beliefs of the company's management,
as well as assumptions made by, and information currently available to, the
company's management. Additionally, the forward-looking statements are based on
Katy's current expectations and projections about future events and trends
affecting the financial condition of its business. The forward-looking
statements are subject to risks and uncertainties, detailed from time to time in
Katy's filings with the SEC, which may lead to results that differ materially
from those expressed in any forward-looking statement made by the company or on
its behalf. Katy undertakes no obligation to revise or update such statements to
reflect current events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.

Katy Industries, Inc. is a diversified corporation with interests primarily in
Electrical/Electronics and Maintenance Products.

Company contact:
Katy Industries, Inc.
Amir Rosenthal
(203) 598-0397