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

       DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): February 25, 2003

                                PERCEPTRON, INC.
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             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                                    MICHIGAN
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                 (STATE OR OTHER JURISDICTION OF INCORPORATION)

       0-20206                                           38-2381442
- ------------------------                   ------------------------------------
(COMMISSION FILE NUMBER)                    (I.R.S. EMPLOYER IDENTIFICATION NO.)

               47827 HALYARD DRIVE, PLYMOUTH, MICHIGAN 48170-2461
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               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

                                 (734) 414-6100
                            -------------------------
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)



ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE.

         On February 25, 2003, Perceptron announced that the French arbitrator
appointed by the International Chamber of Commerce International Court of
Arbitration to hear the arbitration between Perceptron, Inc.'s wholly-owned
subsidiary, Perceptron B.V., and Speroni S.p.A., as described in the Company's
Form 10-K for the year ended June 30, 2002 under Item 3, awarded damages in the
amount of $2.36 million to Speroni and against Perceptron B.V.. Attached hereto
and incorporated by reference is the press release relating to such
announcement.

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

         (c) Exhibits. A list of Exhibits included as part of this report is set
forth in the Exhibit Index which immediately precedes such exhibits and is
incorporated herein by reference.

                                   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.

                                            PERCEPTRON, INC.
                                            (Registrant)

Date:  February 25, 2003                    /s/ John J. Garber
                                            -----------------------------------
                                            By:  John J. Garber
                                            Title: Vice President,
                                                   Chief Financial Officer,
                                                   Treasurer and
                                                   Assistant Secretary



                                  EXHIBIT INDEX

Exhibit
Number           Description
- -------          -----------

99.1             Press Release dated February 25, 2003

EX-99.1

[PERCEPTRON LOGO]

47827 Halyard Drive
Plymouth, Michigan 48170
Phone 734-414-6100 - Fax 734-414-4700

CONTACT: John J. Garber
Vice President & CFO
(734) 414-6100


PERCEPTRON ANNOUNCES DAMAGE AWARD IN PENDING ARBITRATION

PLYMOUTH, MICHIGAN, FEBRUARY 25, 2003 - PERCEPTRON, INC. (NASDAQ: PRCP) today
announced that the French arbitrator in a previously disclosed arbitration
matter issued a damage award against Perceptron B.V., a wholly owned subsidiary
of the company, in the amount of $2.36 million. The arbitration arose out of the
termination by Perceptron B.V. of exclusive distributorship contracts with
Speroni, S.p.A. in 1997.

"We are disappointed by this award, especially considering that we believe
Speroni failed to show that it suffered any damages as a result of the contract
termination" Alfred A. Pease, Chairman, President and Chief Executive Officer,
commented. "Despite the award, the Company's balance sheet remains strong. As of
February 24, 2003, excluding the effect of the award, we had cash of
approximately $6.5 million and no long term debt."

About Perceptron

Perceptron produces information-based process improvement solutions for industry
as well as technology components for non-contact measurement and inspection
applications. Automotive and manufacturing companies throughout the world rely
on Perceptron's process management solutions to help them improve quality,
shorten product launch times and reduce overall manufacturing costs.
Headquartered in Plymouth, Michigan, Perceptron has approximately 220 employees
worldwide, with facilities in the United States, Germany, Netherlands, France,
Brazil, and Japan. For more information, please visit www.perceptron.com.















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