8-K

                     U.S. 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): March 29, 2004


                          NAPCO SECURITY SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)

DELAWARE                               0-10004                 11-2277818
(State of other jurisdiction        (Commission                  (I.R.S.
of incorporation                    File Number)                 Employer
                                                          Identification No.)


                                333 BAYVIEW AVE.
                              AMITYVILLE, NY 11701
          (Address of principal executive offices, including Zip Code)

       Registrant's telephone number, including area code: (631) 842-9400

                                 NOT APPLICABLE
         (Former name or former address, if changed since last report.)



ITEM 5.  Other Events and Regulation FD Disclosure.

On March 29, 2004 the Board of Directors of Napco Security Systems, Inc.
approved a 2-for-one split of its common stock, $.01 par value to be paid in the
form of a 100% stock dividend to shareholders of record on April 13, 2004. The
Registrant intends to deliver the shares on April 27, 2004. Attached as Exhibit
99.1 hereto is a copy of a press release dated March 30, 2004.

Forward Looking Statements

This press release contains forward-looking statements that involve numerous
risks and uncertainties. Actual results, performance or achievements could
differ materially from those anticipated in such forward-looking statements as a
result of certain factors, including those set forth in the Company's filings
with the Securities and Exchange Commission.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (a)      FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
                  Not applicable.

         (b)      PRO FORMA FINANCIAL INFORMATION.
                  Not applicable.

         (c)      EXHIBITS.

                  Exhibit 99.1  Press Release of NAPCO SECURITY SYSTEMS, INC.
                  dated March 30, 2004.





                                   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.

                                       NAPCO SECURITY SYSTEMS, INC.


Date: March 30, 2004                   By:  /s/ KEVIN S. BUCHEL
                                       -----------------------------------------
                                       Kevin S. Buchel
                                       Senior Vice President and
                                       Chief Financial Officer




                                  EXHIBIT INDEX


Exhibit No.       Description

Exhibit 99.1      Press Release of Napco Securities Systems, Inc. dated
                  March 30, 2004

EX-99.1

                                                                    Exhibit 99.1


                                                           FOR IMMEDIATE RELEASE

CONTACT:

Richard Soloway, CEO                         Stephen D. Axelrod, CFA
Kevin S. Buchel, Senior VP                   Andria Arena (Media)
NAPCO Security Systems, Inc.                 Wolfe Axelrod Weinberger Assoc. LLC
(631) 842-9400 ext. 120                      (212) 370-4500; (212) 370-4505 fax
                                             steve@wolfeaxelrod.com


           NAPCO SECURITY SYSTEMS, INC. ANNOUNCES 2-FOR-1 STOCK SPLIT

AMITYVILLE, NEW YORK - MARCH 30, 2004 -- NAPCO Security Systems, Inc. (Nasdaq:
NSSC) one of the world's leading suppliers of high performance electronic
security equipment for over 30 years, announced that its Board of Directors has
declared a 2-for-1 stock split to be paid in the form of a 100% stock dividend.
The stock split will be payable April 27, 2004 to all NAPCO shareholders of
record as of April 13, 2004.

As a result of the stock split, shareholders will receive one additional share
of common stock for every one share held on the record date. Upon completion of
the split, the total number of shares of common stock outstanding will increase
from approximately 3,454,216 to approximately 6,908,432.

Richard Soloway, Chairman, President and Chief Executive Officer of NAPCO,
stated, "The Board believes that the 2-for-1 stock split will improve trading
liquidity and broaden ownership of the company's common shares."

Mr. Soloway added, "In addition to the news of the stock split, we are excited
about the many new, innovative security products that we will be introducing at
the upcoming annual International Security Conference ("ISC Trade Show") in Las
Vegas starting March 30th, one of the largest security shows in the world.

Included in this array of new flagship NAPCO product offerings is the
STARLINK(TM) telemetry unit that will provide businesses, institutions and
residential customers with extremely reliable wireless backup for central
station monitoring of security systems over a NAPCO high speed digital network.




Our building access control product line, under the Continental Instruments
brand, will be introducing several new products as well.  Among Continental's
new offerings are the  TURBO SUPERTERM(TM) access controllers that will now be
capable of increasing the potential number of cardholders in an access control
system to 200,000 separate ID's, and will also enable faster ID card processing
to permit locations with large employee workforces such as Fortune 500
businesses, schools, municipalities and government institutions to conveniently
enter and exit the premises en masse at peak periods.  In an example of synergy
between our divisions, Continental Instruments' engineers have also worked
seamlessly with our NAPCO division to allow our CARDACCESS(R) access control
systems to fully integrate with its sister company's new and existing GEMINI(TM)
alarm systems."

"We believe that the aforementioned new products -- and others -- will allow
NAPCO to provide its customers with a broader range of product choices and could
result in even more value to its shareholders in the future," Mr. Soloway
concluded.

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

NAPCO Security Systems, Inc. is one of the world's leading manufacturers of
technologically advanced electronic security equipment including burglary and
fire alarm systems, access control products and electronic locking devices.  The
Company's products, including those of Alarm Lock and Continental Instruments,
feature some of the most popular and best-selling control panels, sensors,
locking devices and access control systems.  They are used in residential,
commercial, institutional and industrial applications.  NAPCO security products
have earned a reputation for technical excellence, reliability and innovation,
poising the Company for revenue growth in the rapidly expanding electronic
security market; a market whose current size exceeds $25 billion.

For additional information on NAPCO, please visit the Company's web site at
www.napcosecurity.com

This press release contains forward-looking statements that involve numerous
risks and uncertainties.  Actual results, performance or achievements could
differ materially from those anticipated in such forward-looking statements as a
result of certain factors, including those set forth in the Company's filings
with the Securities and Exchange Commission.